Weekly

October 6th

Today's amplitude range

The performance of labor data in the United States is uneven. The number of floating job vacancies announced on Tuesday recorded the biggest drop in nearly two and a half years.

However, the number of non-agricultural jobs announced yesterday was 208,000, which was better than the market expectation. The effect of the Federal Reserve's interest rate hike was not significant.

Bostic, an official of the Federal Reserve, immediately warned that the tightening of monetary policy by the Federal Reserve would not be reversed early, and he was in favor of raising interest rates by 0.75% to 1% before this year.

According to market research, the probability of the Federal Reserve raising interest rate by 75 points in November is 67%, and the rate increase is expected to control the gold market.

It is expected that the price of gold will still be subject to the 50-day average, with a suggested volatility of $1,708 to $1,728 today.

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

In addition, the rate hike announced by the Reserve Bank of Australia was unexpectedly lower than the market expectation. The market expected that the Fed's rate hike would slow down in the future, and the European and American stock markets surged the next night.

After the Double Ninth Festival holiday, Hong Kong stocks soared by more than 1,000 points! Hong Kong stocks opened 730 points higher, and then rose more and more.

The increase had expanded to 1,084 points, and closed up 1,008 points or 5.9% at 18,087, regaining the 18,000 mark.

European stocks rose for two days in a row, and rose again in the early part of yesterday. However, it was obvious that some investors took profits at high levels, and finally started counting and leaving the market with the excuse of data.

After the manufacturing purchasing managers' index published by many countries in the euro zone was worse than expected, the European stock market turned from up to down.

Germany's DAX index fell 1.21%; Paris CAC index fell 0.9%; Britain's FTSE 100 index fell 0.47%.

Yesterday, the United States announced the change of the number of non-agricultural workers.

The latest figure was 208,000, which was higher than the market expectation. It shows that the Federal Reserve has recently raised interest rates repeatedly, but the labor market is still hot, and there is still strong demand in the labor market, which means that more consumers come out to support prices.

This caused the pressure of the Federal Reserve to insist on raising interest rates sharply. According to market research, the probability of the Federal Reserve raising interest rates by 75 points in November reached 67%.

It is expected that the interest rate hike will eventually break the momentum of the three major Wall Street markets for two consecutive days, closing slightly lower; The Dow Jones index fell 0.2%, the S&P 500 index fell 0.14%, and the Nasdaq Composite Index fell 0.08%.

Labor data in the United States are mixed. The number of floating job vacancies announced on Tuesday recorded the biggest drop in nearly two and a half years, but the number of non-agricultural jobs announced yesterday was 208,000, which was better than market expectations.

Bostic, an official of the Federal Reserve, immediately warned that the tightening of monetary policy by the Federal Reserve would not be reversed early, and he was in favor of raising interest rates by 0.75% to 1% before this year.

The Federal Reserve reappeared as an eagle, and the gold market was under pressure. The lowest price of gold dropped to $1,700.6, the highest price reached $1,727.8, and finally closed at $1,716.4, or $10.1.

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