Weekly

On October 13

Today's trading range

Inflation DATA REMAINS THE FOCUS OF THE MARKET, WITH THE MARKET generally ACCEPTING THAT THE FED WILL RAISE INTEREST RATES by 75 points NEXT month AND THE GOLD market gradually pricing IN such a rate hike

The late CPI reading could be a pleasant surprise for the market, with expectations for an annual rate cut to 8.1 percent. If the data is in line with market expectations, the gold market could rise.

The reverse is still true, but the Fed's next 0.75% rate hike is also a definite decision, so it should not be too far down. Today's recommended range is $1662 to $1685

The dollar.

Hong Kong stock trend repeated, opening to follow the periphery of the decline, opened 74 points lower, afternoon market news that the Bank of London will extend the rescue market, the Hang Seng index had a comeback, rose more than 200

The Hang Seng Index ended lower, down 131 points or 0.7, although the BOE's pre-market re-purchase programme was still due to end later this week

8% to 16,701, another 11-year closing low. The HKMA took on nearly HK $11.7 billion during the New York session, further strengthening the balance of the Hong Kong banking system

It fell to HK $106.6 billion, indicating a serious capital outflow and a precarious situation.

With the International Monetary Fund downgrading its forecast for global economic growth in 2023 and the intensification of fighting in Eastern Europe, it is clear that the war will continue, and Putin is expected to be looking forward to it

Could drag on into the winter months of December, with the expectation that the energy crisis will force NATO to voluntarily reduce its aid to Ukraine. To the right, the shadow of the Fed's interest rate hike lingers

All three major European stock markets fell, with Germany's DAX index down 0.37%; The CAC index in Paris fell 0.25%; Britain's FTSE 100 index

Fell 0.9%.

The United States yesterday released the latest production price index, data unexpectedly higher than the market expectations! The inflation data went up again, causing renewed investor jitters and jitters

The Fed stuck to its hawkish stance. As expected, the minutes of the September rate-setting meeting, released early this morning, showed that Federal Reserve officials agreed that the central bank needed to

A shift to tighter policy; Fed Governor Richard Bowman also issued forward guidance, saying a sharp increase in interest rates should remain appropriate if inflation does not show signs of falling

", stressing absolute support for a 75-point rate hike in November. Wall Street's three major indexes turned negative on the news, with the Dow down 0.1%,

The S&P 500 fell 0.33 percent, while the Nasdaq Composite fell for a sixth straight day and another 0.09 percent.

The dollar's strength was halted yesterday by separate market support from central banks in China and the UK, as well as the release in the early hours of the morning of the minutes of the September rate-setting meeting in the US, which showed Fed officials

The consensus was to favor tighter policy and to maintain that stance for some time until annualized inflation fell to the Fed's desired target. However,

The dollar index, on the other hand, fell close to the 113 mark after the minutes, which included warnings from some officials about the pace of further policy tightening

In an effort to reduce the risk of a material adverse impact on the economic outlook, gold rose to a session high of $1,678.4 before closing at $1,673.2, its lowest level

See $1,661.50, up $7.

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