Weekly

August 18th

Today's amplitude range

The Open Market Committee of the United States reported that although officials mentioned the opportunity to slow down the rate hike, they will still act according to the data, and it is still the case to fight inflation.

Their primary purpose is that the market shows that the probability of a 50-point interest rate increase in the United States in September is increasing. There is something wrong with the gold market, and the price of gold cannot return to 1 in the short term.

$75 may have to be further adjusted to $1,745. The suggested volatility today is $1,755 to $1,772.

The Ministry of Finance of the Mainland announced that the national budget revenue in the first seven months of this year totaled 12.5 trillion yuan, down 9.2% year-on-year, while the national budget expenditure reached 1

4.68 trillion yuan, a year-on-year increase of 6.4%; It shows that the shortage of people has expanded, and the state has fine-tuned its economic policy, and destroyed it from the outside to the domestic market; Vice Premier Hu Chun

Hua said that more effective measures should be taken to accelerate the recovery of domestic consumption, support the recovery of service consumption, promote the continuous expansion of bulk consumption, and guide emerging consumption.

Healthy development. With the support of the state, the mainland stock market rose, and Hong Kong stocks followed the trend of the mainland market. The Hang Seng Index rose by more than 200 points at most, closing at 91.

Or 0.46%, reported to 19,922 points, and lost at 20,000 points.

Yesterday, the latest data released by the UK reached a double-digit annual rate, a 40-year high. The market was worried that the Bank of England would raise interest rates aggressively to suppress rising prices.

The rising trend, coupled with the euro zone's GDP not up to standard, undermined investors' confidence in the risk market, and the three major European stock markets ended their five-day rising momentum.

Germany's DAX index fell 2.01%; Paris CAC index fell by 0.97%; Britain's FTSE 100 index fell 0.26%. The US Department of Commerce announced that retail sales in July

Compared with last month's flat, the sales of automobiles and gasoline increased by 0.7% after deducting the significant decline, which shows that the recent oil price drop is indeed comforting to consumers.

Slow down the expenditure pressure. After that, the Federal Reserve released the report of the Open Market Committee, and officials agreed that the fall of inflation might take more time than expected.

According to the minutes of the meeting, the rate of interest rate increase in the future will depend on the upcoming economic data; Officials believe that it may be appropriate to slow down the rate hike at some point, but

The bureau stressed that it would continue to raise interest rates to suppress high inflation. With the "Inflation Reduction Act" just signed by US President Biden, the bill is not friendly to corporate repurchase.

Policy, U.S. stocks opened lower, and in the early morning open market committee showed the intention of many members, although they have the opportunity to slow down the pace of interest rate hike, but stressed

Fighting inflation will be a continuous action! The yield of 10-year U.S. Treasury bonds first reflected the interest rate trend, rising above 2.9%, and the three major stock indexes on Wall Street closed down. Dow Jones

The Nasdaq index fell 0.5%, the S&P 500 index fell 0.72%, and the Nasdaq Composite Index, which is sensitive to interest rates, fell the hardest, closing down 1.25%.

The U.S. dollar continued to strengthen, and the gold market opened down, falling to $1,759.9 at most. With the announcement of the interest rate meeting last month by the Market Open Committee, its report mentioned the link.

Reserve officials said in the parliament that there was an opportunity to slow down the rate hike, which caused a beautiful misunderstanding among investors. The gold market had recovered some of its lost ground and bounced up to $10.

770 dollars, but unfortunately it backfired. Raising interest rates to combat inflation is still the purpose of the Federal Reserve. The yield of 10-year treasury bonds rose, and the bulls were hit head-on again, with 17

$62.2 closed, down $13.6.

For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator.
https://t.me/mingtak