Weekly

September 2nd

Today's amplitude range

Yesterday, the U.S. economic data was popular, and the U.S. dollar index hit a new high, once approaching a high of 110 points. The market was worried that the Federal Reserve would adopt a more aggressive means of raising interest rates at nine

The forecast of raising the interest rate by 0.75% again every month is reflected in the trend of the rising ten-year government bond yield, and the gold price was completely suppressed yesterday; Federal Reserve Board

Whether to raise interest rates by 0.75% or not, apart from the recent inflation data, the labor data is another important factor for officials to consider.

See you tonight for non-agricultural data. The price of gold still hasn't gone out of the downward trend. Yesterday, after a deep adjustment, there was a post-draw. At the close, it fell below the psychological barrier of $1,700. Today

There is a chance to try the iron bottom since the virus pandemic again, that is, it is about $1,680. If it falls through, the prospect will be even grayer! Today's suggested volatility is 1680 US dollars.

To 1705 dollars.

Yesterday, the mainland announced the Caixin China Manufacturing Purchasing Managers Index in August, and the latest figure dropped below 50 points to 49.5 points, indicating that the mainland manufacturing industry has returned to contraction.

State, coupled with the recent outbreak in the mainland is on the verge of getting out of control, and there are over 100 cases of local infection in Chengdu, the Chengdu Municipal Government has decided to completely close the city! The news aggravated investors.

The Hang Seng Index closed down by 357 points or 1.8% to 19,597 points, with the turnover still exceeding HK$ 100 billion during the fall, and the market outlook is in danger! More evidence shows that

Europe is entering an economic recession, and the euro manufacturing purchasing managers' index of 49.1 is lower than expected, while the British manufacturing purchasing managers' index has published figures.

The forecast is better than that, and the newly reported data is 47.3 points. Combining the two sets of data, both of them are lower than the 50-point dividing line between prosperity and decline, which shows that the European manufacturing industry has contracted, and Europe

The three major stock markets fell by more than 1% in unison, and the DAX index of Germany fell by 1.58%; Paris CAC index fell by 1.48%; Britain's FTSE 100 index fell by 1.89%.

U.S. economic data showed strong performance. The latest number of manufacturing purchasing managers' index in institute for supply management was 52.8 points, which was the same as that in July, but better than the market forecast.

In addition, the labor data are also popular. Last week, the number of first-time jobless claims in the United States fell for three weeks, and the latest figure was 232,000, gradually approaching the virus.

Average before the row. Supported by favorable data, U.S. stocks stopped a four-day losing streak, with Dow Jones index up 0.46%, Standard & Poor's 500 index up 0.3% and Nasdaq.

The composite index rose by 0.02%. The latest U.S. manufacturing data and labor data outperformed market expectations. The news stimulated the US dollar to hit a record high, and the US dollar index was once

Close to 110 points, the strength reached its peak, and the yield of the relevant 10-year treasury bonds also rose to 3.26%, reflecting the market's forecast that the Fed will raise interest rates by 75 points in September.

When the market opened, the gold market was all under pressure and fell, with the lowest price at 1688.9, closing at 1697.3 USD, down 13.7 USD.

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