Weekly

Long-short contention

2022-10-19

October 19th

Today's amplitude range

The gold market is long and short, and without the influence of other important data, the trend of the US dollar has become the thermometer of the gold price, expecting the US dollar index and the yield of ten-year treasury bonds.

After the Fed's hawkish attitude, it will remain strong, and the price of gold will remain high. Keep yesterday's suggested range, that is, $1635 to $1658.

Benefiting from the double rise of the NASDAQ index in the United States every evening, the Hang Seng Science and Technology Index soared by 136 points or 4.25%, leading Hong Kong stocks to rise for three consecutive days. Hang Seng Index opened 247 points higher,

Although there was a sell-off in the middle, which once pushed the market down by more than 50 points, many airlines in the mainland encrypted a number of international flights from the end of the month, and the market interpreted that the mainland was about to release them.

The wide entry restrictions stimulated Hong Kong stocks to close at a high level yesterday. The Hang Seng Index closed at 16,914, up 301 points or 1.82%. After the bridge exploded in Crimea last week,

The Russian-Ukrainian conflict seems to have escalated, but the media reported that when Russian President Vladimir Putin was unable to attack for a long time, the number of soldiers began to decrease, and the forced recruitment among the people in the country caused another trouble.

People's grievances, coupled with the joint sanctions against Russia by many countries, may cause permanent losses to the economy, and they are interested in making peace. Three major European stock markets rose across the board, Germany

DAX index rose by 0.93%; Paris CAC index rose by 0.44%; Britain's FTSE 100 index rose 0.25%.

According to Bloomberg, due to the market volatility, Wall Street's interest rate and foreign exchange trading revenue soared to a record high in the same period in the third quarter, ranking the top five in the United States.

During the same period, the bank's fixed income transaction income surged by 22%, which was better than the market expectation. The news of the increase in corporate revenue stimulated the three major U.S. stock indexes to open lower and close higher, the Jones index

1.12%, the S&P 500 Index rose 1.23%, and the Nasdaq Composite Index rose 0.9%. The market is long and short, and without the influence of other important data,

The trend of the dollar has become a thermometer of gold prices; As the US dollar index is obviously negatively correlated with the trend of gold price, after the US dollar index fell to 111.77 points yesterday, the gold price rose to Japan.

It was as high as $1,660.9, and then the dollar rebounded, and the gold market adjusted downwards at will, with the lowest price of $1,645.9. Finally, it closed at $1,652.1, up $1.3.

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