Weekly

October 5th

Today's amplitude range

Following the deterioration of institute for supply management's manufacturing index released on Monday, the labor data released last night was also lower than the market forecast.

In August, the number of floating job vacancies in the United States recorded the biggest drop in nearly two and a half years.

In addition, the rate hike announced by the Reserve Bank of Australia in the morning was unexpectedly lower than the market expectation, all of which eased the expected warming of the Fed's rate hike in the future.

Yesterday, the price of gold rose above the 50-day average line, and the trend remained unfinished. Today's suggested volatility is $1,718 to $1,734.

Hong Kong stocks were closed for one day during the Double Ninth Festival holiday in Hong Kong yesterday.

Yesterday, the Reserve Bank of Australia announced an interest rate hike of 2.5%, which was lower than the market expectation.

It was the first time in this round of global monetary tightening that the central bank's interest rate hike was unexpectedly lower than the market expectation.

The market expected that the global competition for interest rate hike would end early, which would be beneficial to venture capital. European stocks rose violently yesterday, and Germany's DAX index rose 3.76%; Paris CAC index rose by 4.24%; Britain's FTSE 100 index rose 2.57%.

The goal of the United States Federal Reserve to tighten its policy by successively raising interest rates is to suppress inflation. One of the indicators is to cool down the hot labor market.

The number of job vacancies in the United States in August, announced yesterday, was 10.05 million, which was lower than the market expectation.

Moreover, the reduced number of vacancies was the largest in the past two and a half years. Investors expected that the chances of the Fed raising interest rates again would fall, and the three major Wall Street markets rose by more than 2% for two consecutive days to close.

The Dow Jones index rose 2.8%, the S&P 500 index rose 3.06% and the Nasdaq Composite Index rose 3.14%.

Following the deterioration of institute for supply management's manufacturing index released on Monday, the labor data released last night was also lower than the market forecast.

In August, the number of floating job vacancies in the United States recorded the biggest drop in nearly two and a half years.

In addition, the rate hike announced by the Reserve Bank of Australia in the morning was unexpectedly lower than the market expectation, all of which eased the expected warming of the Fed's rate hike in the future.

The gold market was slightly adjusted in the early part of the market opening, and the lowest price of gold dropped to $1,695.2, that is, it continued its early unilateral trip again, reaching the highest price of $1,729.6, and finally closed at $1,726.5, up by $27.7.

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