Weekly

September 5th

Today's amplitude range

U.S. economic data is popular, and the U.S. dollar index has reached a new high, once approaching a high of 110 points. The market is worried that the Federal Reserve will adopt a more aggressive interest rate hike in September.

The forecast of raising the sub-interest rate by 0.75% is reflected in the trend of the rising ten-year treasury yield. The interest rate market predicts that the Federal Reserve will do it again and again this month.

And the chance of raising interest rate by 75 points in the third rate rises to 60%; By November this year, the probability of accumulating to 125 pips is also 50% worse, indicating that the bond price is not

It will continue to fall for some time to come, and the rise of the yield rate is not conducive to the upward development of the gold price. Last week's rebound in hardware market may be a back draw from the market decline,

The market outlook continues to be bearish! There is still a chance to try again where the iron bottom of $1,680 has been since the virus pandemic. If it falls through, the prospect will be even grayer! Suggested volatility today

$692 to $1,714.

Powell, chairman of the US Federal Reserve, put an eagle in the annual meeting of central banks around the world. The market expects that the probability of the Fed raising interest rates by 75 points in September will surpass 50 points. The market expects the United States

With the increase of interest rate, and the mainland's announcement of Caixin China Manufacturing Purchasing Managers Index in August, the latest figure dropped below 50 points to 49.5 points.

It shows that the mainland manufacturing industry has returned to contraction, and the mainland epidemic is on the verge of getting out of control in the near future. The Hang Seng Index finally fell below the 20,000-point mark. After a week's summary, the Hang Seng Index

It fell 717 points or 3.6% and closed at 19,452 points.

The war in Russia has been going on for more than half a year. The long war has led to a sharp rise in food and energy prices, which has led to the deterioration of inflation in Europe. The European Central Bank member proposed that it will be held in September.

The proposal of raising interest rate by 0.75% was put forward at the meeting on interest rates, which is the most radical monetary policy tightening since the euro came into existence. Negative news flooded the market, and more evidence showed that

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

Good forecast, the new data is 47.3 points, and both sets of data are lower than the 50-point dividing line between prosperity and decline, which shows that the manufacturing industry in Europe has contracted, and the top three in Europe.

The performance of the stock market in the whole week was low, but the three major European stock markets rose by more than 2-3% last Friday, stimulated by the non-farm payrolls report of the United States, with a total of 1

Weeks, and finally their respective development; German DAX index rose by 0.67%; Paris CAC index fell by 1.70%; Britain's FTSE 100 index fell by 1.97%.

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

In addition, the performance of labor data is uneven. Last week, the number of first-time jobless claims in the United States fell for three consecutive weeks. The number of non-agricultural jobs in August announced by the United States on Friday increased by 52.6 from July.

10,000 slowed down to 315,000, still exceeding the expected 298,000, but the unemployment rate increased to 3.7%, the first increase since January this year, although Friday's non-agricultural data helped to reduce it.

The Federal Reserve had a more aggressive interest rate hike expectation, but the market atmosphere was still unfavorable to the risk market. U.S. stocks finally fell for three weeks in a row, and the Dow Jones index fell by 2.99% in a week.

The Standard & Poor's 500 Index fell 3.33%, and the Nasdaq Composite Index fell 4.18%.

Last week, the economic data of the United States outperformed market expectations. The market predicted that the probability of the Fed raising interest rates by 75 points in September was still high, and the US dollar stood out. Last week, the US dollar index

It once hit a record high near 110 points, the price of 10-year treasury bonds fell, and its highest yield also rose to 3.26%. Last Friday, the latest non-agricultural data beat expectations, but lost.

However, the industry rate has picked up, and safe-haven demand has helped the gold market narrow its decline. The highest gold price is $1,745.6, and the lowest is $1,688.9, closing at $1,712.7, summarizing one star.

Period, the price of gold fell by $25.4.

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