Weekly

Double bottom rebound

2022-10-24

October 24th

Today's amplitude range

In addition to Japan and China, most central banks around the world use interest rate hikes to curb inflation. Recently, they have followed the trend of the Federal Reserve, and Japan has unlimited interest rates.

To intervene in the yen exchange rate, the US dollar stopped its earlier strength, but the yield of US ten-year treasury bonds is still hovering at a high level under the expected interest rate hike, and the price of gold is still short.

Period rebound pattern, failed to turn. Strategically, it's still better to be aloof. Suggested volatility today is $1,650 to $1,670.

At the end of the 20th Congress of the Communist Party of China, as the market rumors, Ji Jinping broke the convention that the chairman could not serve more than two terms, and became president for the third time in a row. like that

During the meeting, the spread of capital was accelerated, and the onshore price of RMB fell to a low level of nearly 14 years against the US, highlighting that investors or businessmen have obviously warned against the China market in the near future.

Heart; Coupled with the acceleration of the process of RMB electronization in the Mainland, the mainland residents who are not optimistic about the prospects and are full of cash are also enriched with culture. In short, they will go fast and have a good life.

Bound! As a window for Hong Kong's foreign investment in China, there is also the phenomenon of capital outflow. Last week, the HKMA entered the market again to take a selling order of about HK$, leaving only the overall bank balance.

With a little over HK$ 10 billion, the interest rate will soar, which will affect the performance of Hong Kong stocks. Coupled with external factors, Hong Kong stocks opened lower and closed lower again last week, with the Hang Seng Index falling the lowest.

Near the edge of 16,000, the Hang Seng Index finally closed at 16,211 points, a record low in 13 and a half years. Calculated in a week, the Hang Seng Index fell by 376 points or 2.3%;

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.

Maybe she resigned after only 45 days in office, becoming the shortest prime minister in British history. The British political situation has changed suddenly, and the change of people is like a merry-go-round.

In less than four months, there was 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,

However, it is expected that her resignation still failed to quell the political turmoil, but finally temporarily stabilized the market confidence, the pound rebounded slightly, and the Bank of England's interest rate hike is expected to decline.

To 0.75%. The three major European stock markets rose for two weeks, and the German DAX index rose by 2.76%; Paris CAC index rose by 1.74%; The FTSE 100 index rose.

0.88%。

Last week, American stocks were significantly ahead. The market is still paying close attention to the Fed's attitude of raising interest rates. Fed Brad said a week earlier that due to the hot inflation data, the

It is necessary for the authorities to adopt a "front-loading" strategy in order to show the rate increase of the Federal Reserve. However, last Friday, the tone was slightly relaxed, indicating that some minor measures could be taken.

The adjustment. And his colleague, Daley, said that it was appropriate to slow down the rate hike when the federal funds rate was close to the highest level, and the Federal Reserve was a bit dovish and on the US stock market.

On Friday, it rose sharply by more than 2%. In a week, the three major indexes of Wall Street rose collectively, the Jones index rose by 4.89%, and the S&P 500 index rose by 4.88.

%, the Nasdaq Composite Index rose by 5.72%.

The renminbi continued to weaken, and the gold market rose in the early stage. With the sudden resignation of the gold price by British Prime Minister David Zhuohuisi, the pound rebounded, coupled with the Bank of Japan.

People intervened in the yen exchange rate, the US dollar index fell below 112 points, and the Fed officials turned their backs. The haze of a strong interest rate hike was swept away, and ten-year treasury bonds were born.

The interest rate dropped from 4.3% to 4.19%, and the price of gold rebounded last week. The lowest price of gold last week was $1,617.3, the lowest was $1,668.5, and the last price was $1,657.6.

Close the market. In a week, the price of gold rose by 13.1 USD.

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