Weekly

Iron bottom without eyes

2022-09-16

September 16th

Today's amplitude range

The economic data of the United States is still on the strong side, with the latest number of jobless claims falling for six weeks in a row, and the data of the retail industry is also better than the market expectation.

The economic situation shows that the recently tightened monetary policy of the Federal Reserve has not yet achieved the effect of controlling inflation, and investors are still worried about the Fed's interest rate meeting next week.

It is possible to take more exciting measures to raise interest rates. The market survey shows that the probability of the Fed raising interest rates by 100 points next time reaches 30%, and the gold market finally falls below the iron bottom in the past year and a half.

That is, with the support of about $1,680, the prospect of the gold market may be even worse. The suggested volatility today is $1,648 to $1,672.

Apart from its functions, the building is also a long-term investment. In the early days, there were many real estate speculators in the Mainland, which made the property price deviate from the affordability of the public. The President of the State has paid close attention to it.

Ordinary people, a policy of not speculating in housing leads to a drop in the property market; However, when property prices are falling, there are fewer transactions in the market, because people are worried that after entering the market

Becoming a leek, the previous high-speed business model of interior enterprises is gone forever. The interior faucet with a market value of over 70 billion yuan is in debt and lacks funds.

Under the circumstances, unfinished buildings have blossomed all over the country.

The mainland is trying to dismantle the bomb in the tail building, except that the 300 billion yuan increased by the State Council's stable economic policy earlier began to be released tonight, with more than 24

A city introduced the housing policy of "one person buys a house for the whole family" by using the provident fund, expecting to stimulate people who just need it to get on the bus. Yesterday, more provinces and cities lifted the price limit and purchase restriction, stabbing

Real estate stocks rose by 4% to 9%, but this helped Hong Kong stocks get rid of the morning decline. The Hang Seng Index closed up by 83 points or 0.44% to 18,930 points. 19000 points to get back.

However, the FOB price of RMB fell below the level of 7 against the US dollar, indicating that the situation of capital withdrawal is still serious, and the trend of Hong Kong stocks is still easy to fall but difficult to rise.

Fitch, a credit institution, looks down on the global economic outlook, sharply lowers its global GDP forecast, and expects that the euro zone and the UK will enter recession later this year, while

The United States will begin to experience a mild recession in mid-2023. The World Bank stepped on one more step yesterday, saying that the global economy will decline in 2023 as central banks raise interest rates simultaneously.

As the risk increases, central banks may have to raise interest rates by another 2% in order to achieve the goal of anti-inflation. What is even more worrying is that the global economy is generally caught in "stagflation".

The three major European stock markets ended up mixed, with Germany's DAX index falling by 0.54%; Paris CAC index fell by 1.04%; Britain's FTSE 100 index rose 0.05%.

The consumption data released by the United States on Thursday performed better than expected, the labor data continued to do well, and the retail sales exceeded expectations, which increased the momentum of worsening inflation, and made the Midlands

The interest rate meeting next week will increase the probability of raising interest rate by 100 points to 30%, which triggered a tense atmosphere in the market. U.S. stocks fluctuated and fell, and the three major indexes on Wall Street collectively

See red; The Dow Jones index fell 0.56%, the S&P 500 index fell 1.14%, and the Nasdaq Composite Index fell 1.43%. U.S. economic data is still strong, the latest application

The number of people receiving unemployment benefits has been falling for six weeks in a row, and the retail data has also performed better than market expectations. This hot economic situation shows that the Federal Reserve has recently tightened its currency.

The policy has not yet achieved the effect of controlling inflation. Investors are worried that the Federal Reserve may take more exciting measures to raise interest rates at next week's interest rate meeting. The market surveys the United States.

The probability that the Federal Reserve will raise interest rate by 100 points next time is 30%. The gold market finally fell below the iron bottom in the past year and a half, that is, the support around $1,680. The highest gold price was 169 yesterday.

$8.3, the lowest is $1,660.4, and it closed at $1,664.4, down $33.

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