Weekly

August 22nd

Today's amplitude range

Recently, the economic data of the United States has performed better than expected, especially the growth of labor data, which the Federal Reserve does not want to see. The probability of raising interest rate by 0.75% in September still accounts for four.

Ok. In addition, Europe is facing the threat of economic recession, and the inflation in Britain has reached double digits, but the economy is seriously deteriorating. Europe lags behind the United States in interest rate level.

As a general fact, the gap in interest rates has also become a reason to support the dollar. The continued strength of the US dollar is not conducive to the development of gold prices. The gold price will be under pressure from the strong performance of the US dollar, organic

Will try $1,733. The suggested volatility today is $1,733 to $1,752.

Recently, the financing difficulties in the mainland market, especially in-house enterprises, have become even more difficult. Yesterday, the People's Bank of China unexpectedly lowered the medium-term lending facilities and reverse repurchase profits.

Rate, hoping to increase the circulation of the market to stimulate the economy, but China's economic data has gone bad in an all-round way, the mainland stock market is sluggish, and Hong Kong stocks are still under pressure to fall. Summarize for a week,

Hang Seng Index fell 402 points or 2% to close at 19,773 points. The three major European stock markets developed individually. At the beginning of last week, the European stock market was not affected by China's economic downturn.

The impact fell, but it was obvious that the market was wary of the market outlook, and investors were chasing defensive shares with lower risk. However, the UK announced the latest data year on Wednesday.

The rate reached double digits, a 40-year high, and the market worried that the Bank of England would raise interest rates aggressively to suppress the rising price trend, plus countries in the euro zone.

The gross domestic product was not up to standard, which destroyed investors' confidence in the risk market, and the market began to collapse. Germany's DAX index fell by 1.12%; Paris CAC index

0.94% down; Britain's FTSE 100 index rose by 0.11%.

The inflation data released by the United States last month shows that the inflation trend is expected to peak. The market expects the Fed to raise interest rates sharply in September, and the U.S. economy has a chance to follow

With the Federal Reserve's willingness to make a soft landing, U.S. stocks failed to go public immediately after last week's listing. In addition, the Open Market Committee showed many members' opinions in the early morning of last Thursday.

Yes, although they have the opportunity to slow down the pace of raising interest rates, they emphasize that it will be a continuous action to combat inflation! The yield rate of 10-year U.S. Treasury bonds first reflects the interest rate trend,

It rose by 2.9%. After a week's conclusion, the three major stock indexes on Wall Street ended up down, with the Dow Jones index down by 0.16% and the S&P 500 index down by 1.2%, which was sensitive to interest rates.

The Nasdaq Composite Index fell the hardest, falling 2.62% to close.

The performance of US economic data is better than expected, especially the growth of labor data, which the Federal Reserve does not want to see. Last month, the report of the Market Committee indicated that they will take root.

Act according to the data, and take the fight against inflation as the primary work goal. Last week, Brad Market of the Quadruple Reserve Bureau said in an interview that it supported another interest rate increase of 0.75%.

The U.S. dollar index continued to rise above the 108-point level, and the gold price was pressed by the strong performance of the U.S. dollar. Last week, it fell for five trading days and closed at $1,747.5.

In a week, the price of gold has dropped by 54.5 dollars.

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