Weekly

October 7th

Today's amplitude range

The data of semi-labor America shows mixed results. The number of floating job vacancies announced on Tuesday recorded the biggest drop in nearly two and a half years, while the number of non-farm payrolls announced on Wednesday was better than the market expectation.

However, the number of new unemployed gold soldiers in the United States increased yesterday, and the price of gold dropped slightly. Investors are obviously waiting for the non-farm payrolls data tonight, while the latest figure in market survey in September was 250,000, down from 315,000 in August.

However, no matter what the outcome, the gold market will be bumpy, so you must fasten your seat belts. The suggested volatility today is $1,689 to $1,735.

After the Hong Kong stock market rose by nearly 6% on Wednesday, yesterday's performance was flat, with the fluctuation of less than 200 points. In addition, the mainland was still in the National Day holiday, and Beishui still couldn't go south.

The turnover in the whole day was only HK$ 62.5 billion, the lowest turnover record of the year, which showed that investors had a strong wait-and-see atmosphere.

The Hang Seng Index opened higher and closed lower, rising 12 points at the opening, dropping 129 points at the lowest, dropping 17,958 points at the lowest, and closing down 75 points or 0.42% at 18,012 points, finally holding the 18,000 mark.

The Organization of Petroleum Exporting Countries (OPEC) unanimously agreed to cut production sharply and tighten the global crude oil supply in order to maintain the international oil price.

Moreover, the cut-off rate doubled from 1 million barrels per day as expected by the market to 2 million barrels per day.

In addition, Europe will begin to embargo Russian oil. It is expected that the oil price will continue to heat up, and Europe will face a more severe test in this coming winter.

European stocks fell for two days in a row, and the German DAX index fell by 0.40%; The CAC index in Paris and the FTSE 100 index in Britain also fell by 0.82%.

On Wednesday, the number of non-farm payrolls in the United States was higher than the market expectation, which caused investors to worry that the Federal Reserve's recent repeated interest rate hikes will raise interest rates sharply again, even though the expected results have not been achieved.

In addition, the problem of oil group suppliers' production reduction will once again trigger the rise of oil prices and stimulate inflation. According to market research, the probability of the Federal Reserve raising interest rates by 75 basis points in November rose to 86%.

Under the expectation of raising interest rates, the investors became frightened birds and retreated in the risk market first, and the three major Wall Street markets fell for two days in a row; The Dow Jones index fell 1.15%, the S&P 500 index fell 1.02%, and the Nasdaq Composite Index fell 0.76%.

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, and then the non-farm payrolls report released on Wednesday was better than the market expectation, which led investors to believe that the Federal Reserve will raise interest rates by 75 points for four consecutive times. The US dollar strengthened again, and the gold market was under pressure.

However, the number of new job applications eased the decline of the gold market slightly last night, and the market was waiting to see the non-farm payrolls released tonight, and the gold price fell slightly.

The highest price of gold reached $1,725.6, the lowest dropped to $1,707, and finally closed at $1,712.7, $3.7。

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