Weekly

September 12th

Today's amplitude range

The trend of the US dollar is too strong, causing Japan's intervention. The European Central Bank's interest rate hike policy will be in line with that of the US Federal Reserve.

The new British Prime Minister Zhuo Huisi is gearing up, promising to introduce a rescue measure with a total value of 40 billion pounds, temporarily stopping the decline of the pound; The withdrawal of RMB from the mainland has supported the strength of the US dollar; Moreover, the U.S. economic data is on the strong side, and maintaining a more active interest rate hike attitude will be the keynote of the Federal Reserve before the end of this year. It can be said that it is an established fact that the market survey shows that the probability of the next interest rate hike in the United States is over 85%.

However, the news of the interest rate hike will continue to ferment until the Federal Reserve officially announces the interest rate hike, before which the gold price will still wander between $1690 and $1730.

The suggested volatility today is $1,708 to $1,724.

The epidemic situation in the Mainland has been heating up in recent days, with more than 1,000 cases of virus infection in a day, and many provinces and cities have closed their districts.

The market is worried that China's economy will stop again, and the published manufacturing index has regressed, which has become an excuse for investors to sell goods.

The FOB price of RMB against the US dollar continues to fall, indicating that capital withdrawal is still active. Hong Kong is the window of mainland capital, which can best reflect the degree of foreign capital withdrawal.

However, Hong Kong stocks have been seriously weakened recently. The Hang Seng Index fell for two weeks in a row, and closed at 19,000 points last Thursday.

Fortunately, on Friday, the central government made a secret move, releasing water earlier to support the economy, and encouraging the flexibility of one city and one policy. However, on Friday, it was reported that more than 24 cities in the mainland had introduced the housing policy of "one person buying a house to help the whole family" by using provident fund, and Hong Kong stocks rebounded by more than 500 points, narrowing the decline.

In a week's summary, the Hang Seng Index dropped 90 points or 0.46% to close at 19,362 points.

Last week, European stock markets fell first and then rose, trapped in the long-term war between Russia and Ukraine, which caused inflation to worsen and the economy to fall into recession.

Coupled with the pressure of the European Central Bank to raise interest rates, the three major European stock markets continued to decline again and again before Friday.

However, after the European Central Bank officially announced a 0.75% interest rate increase, investors generally accepted the strength of the European interest rate increase, and the softening of the US dollar stimulated the global stock market to rise. The three major European stock markets finally rose.

In a week, the German DAX index rose by 0.20. Paris CAC index rose by 0.73%; Britain's FTSE 100 index rose 0.96%.

U.S. economic data is firm, non-manufacturing data and labor data are higher than market expectations, and economic data continues to be strong. The call of the Federal Reserve to raise interest rates by 0.75% for the third time in a row in September is getting louder and louder.

Under the pressure of rising interest rate expectations, U.S. Federal Reserve Chairman Powell made a speech on Thursday, saying that in order to suppress the worst inflation deterioration in 40 years, the authorities would take interest rate hikes as usual and directly.

Powell's words are full of the possibility of raising interest rate by 75 points in September, but the market has already accepted this rate increase, stimulating the three major Wall Street indexes to rise for two consecutive days before the end of the week;

In a week, the Dow Jones index rose 2.66%, the S&P 500 index rose 1.53% and the Nasdaq Composite Index rose 2.11%.

International oil prices softened last week, easing the tension of inflation in the United States. However, the economic data of the United States is strong, and the market expects that the probability of the Federal Reserve raising interest rates by 0.75% will rise to more than 80%.

The US dollar index hit a 20-year high of 110.8 last Thursday, and the price of gold was under pressure, falling to $1,691.5 at the worst last week.

However, Japan hinted that it would intervene in the foreign exchange market, and with the euro raising interest rates in the direction of the Federal Reserve, the euro reversed its downward trend against the US dollar, and the US dollar In a week, the price of gold rose by $4.50.

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