Weekly

On October 14

Today's trading range

The inflation data moved markets again, with gold recovering from a $40 drop in the consumer price index that was slightly higher than expected to close just $7 lower.

Reflect market overreaction. In fact, investors generally ACCEPT the fact that the FED WILL raise INTEREST rates by 75 points next month and believe that gold, while under pressure, may have to wait

After the meeting came out of the wind. Expect gold to trade in a narrow range. Today's recommended range is $1,654 to $1,670.

The increase in broad money supply in the mainland obviously deviates from the global monetary tightening policy. The idea behind it is of course to save the market. However, the Renminbi seems to continue to weaken.

The People'S Bank OF China ON Wednesday AGAIN SAID IT WOULD NOT ALLOW THE CURRENCY MARKET TO PUSH THE YUAN DOWN TOO MUCH, BUT THE MARKET ACCELERATED SELLING OF THE YUAN AND THE ONSHORE PRICE FELL AGAINST THE DOLLAR YESTERDAY

Nearly 300 points, a two-week low. The INVESTMENT SITUATION REFLECTS INVESTORS 'DIM view OF China'S economic prospects. As a window to the mainland, Hong Kong shares were also hit by selling pressure

Still, the Hang Seng Index ended down 311 points, or 1.9%, at 16,389, breaking an 11-year closing low for the third day in a row.

The ECB tried to model how effective the best interest rate trend would be in controlling inflation. The model eventually concluded that the rate consistent with the target was 2.25%, which is lower than the market

The expected interest rate, the current market forecast is above 3%. The news reinvigorated risk markets in Europe, with all three major European stock markets rising, with Germany's DAX up 1.51 percent;

France's CAC index rose 1.04 percent; Britain's FTSE 100 index rose 0.37 percent. The consumer price index came in higher than expected, spooked markets and spooked investors

The Dow Jones Industrial Average fell more than 500 points in a rush to sell risky assets. After the shock cloud, the Fed rate hike was gradually digested and corporate earnings were released

Ideally, the Dow is up 2.83 percent, the S&P 500 is up 2.59 percent, and the Nasdaq Composite is up 2.23 percent.

The market was expecting inflation to come down and gold was set to welcome the data to a high of $1,682.5, however the US consumer price Index came in higher than expected despite market expectations

The FED is all but certain to raise RATES by 75 points in November, but inflation has come back to haunt markets and investors are worried that the Fed has a chance to be more aggressive

Gold plunged $40 to a low of $1,642.5 before closing at $1,666.1, down $7.1.

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