Weekly

October 21st

Today's amplitude range

The renminbi continued to weaken, the British political arena exploded, and the gold market once surged. However, many Fed officials agreed that the current inflation level was still too high, saying

The Federal Reserve has not fulfilled its mission objectives. The attitude of the Fed officials has caused the yield of long and short US Treasury bonds to reach a high of more than 15 years, forcing the gold market to fall back. in advance

The yield of US dollar index and ten-year treasury bonds will remain strong under the hawkish attitude of the Federal Reserve. The price of gold has fallen to a critical point, testing the support of $1,624, and expanding at any time.

A big decline, it is still better to be short-selling strategically. The suggested volatility today is $1,616 to $1,635.

According to media reports in the mainland, the CSRC will relax a small number of enterprises involved in real estate, but enterprises that do not take real estate as their main business will be allowed to raise funds in the stock market, which may be accelerated.

The spin-off of mainland housing enterprises is beneficial to reduce their debt level, but the most important thing is market confidence. If the problem of uncompleted residential flats and investment prospects is not solved, the property market

Or related enterprises will not be transferred to optimism. Hong Kong stocks have been weak recently, and opened lower and closed lower yesterday, hitting new lows for more than eleven years. Hang Seng Index opened 280 points lower, the most

The gap had dropped by 634 points or 3.8%, the lowest since May 2009, and finally the decline of the Hang Seng Index narrowed, closing at 16,280 points, down by 231 points or 1.4%.

British Prime Minister Zhuo Huisi became famous in World War I, won the party election, and became the second female prime minister in British history, but made her more famous.

It was only 45 days after she took office that she suddenly resigned and stepped down, becoming the shortest prime minister in British history. The British political situation changed suddenly, and in just less than four months, it changed.

A king, two prime ministers, three finance ministers and four interior ministers; Although Zhuo Huisi stepped down for the hastily approved black hole tax reduction draft, she is still expected to resign.

It was able to calm the political turmoil, but it finally stabilized the market confidence temporarily. The pound rebounded slightly, and the Bank of England's interest rate hike is expected to drop to 0.75%. British FTSE 100

The index rose by 0.3%; German DAX index rose by 0.18%; Paris CAC index rose by 0.76%.

The U.S. stock market rose first and then fell. U.S. stocks followed European stocks in the early stage, but the shadow of the Fed raising interest rates again in November lingered, and the yield of 10-year treasury bonds rose to 4.24.

%, the highest level since 2008, while the upside-down spread of the yield of two-year government bonds has widened, rising to 4.61%, the highest level since 2007.

With the unstable economic outlook and investors' lack of confidence, the three major indexes of Wall Street turned to the collective and reported a decline, with the Jones index falling by 0.3%, the Standard & Poor's 500 index falling by 0.85%, and NASDAQ.

The composite index fell by 0.61%.

The renminbi continued to weaken, and the gold market rose in the early stage. With the sudden resignation of British Prime Minister John Joyce, the pound rebounded, and the US dollar index fell by more than 0.6%.

The price of gold exploded immediately, reaching a maximum of $1,645.7. After that, the market digested the good news. In addition, many Fed officials said that the inflation level is still at this stage.

However, it is too high, indicating that the Fed has not yet completed the task of raising the short-term interest rate target. The attitude of Fed officials has caused the yield of long and short U.S. Treasury bonds to reach more than 15 years.

The high level forced the gold market to fall back. The lowest gold price was $1,622.5, and finally it closed at $1,628.2, slightly down by $0.8.

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