Weekly

November 4th

Today's amplitude range

Yesterday, the United States announced the number of initial jobless claims last week, which fell for three consecutive weeks. At the same time, it was lower than the market expectation, indicating that the domestic job market in the United States is strong.

If there is no accident, tonight's non-agricultural data will show a similar trend, which will affect the Fed's position of raising interest rates in December. The gold price will gradually bottom out, and the key is

Whether it will fall below this year's low support of $1,615. The suggested volatility today is $1,615 to $1,637.

The epidemic situation in COVID-19 continues to heat up, and the number of new local cases in a single day has once again exceeded 3,000. The Municipal Health Commission issued a message, and the National Association will unswervingly implement the zero clearing policy;

The mainland stock market fell in response, with the Shanghai Composite Index falling below 3,000 points, and the onshore RMB even fell below 7.3 against the US dollar, reflecting that funds are not optimistic about China's economic prospects. Wulou

It rained all night, and the Federal Reserve released its eagle on Wednesday, and local banks followed suit to raise the prime mortgage rate. Raymond Yue, the chief executive of the HKMA, warned that the bank interest rate had increased by one percent.

Step up, you must be prepared. After the mainland's wake-up and interest rate rise, Hong Kong stocks rose for two consecutive days, and their feet softened, falling 487 points or 3.1% to close at 15,339.

Point.

Yesterday, it was the Bank of England's turn to announce the interest rate hike. As expected by the market, the result was close to the Fed's interest rate hike of 75 points. In addition, some media reported that the UK was studying to increase capital gains.

Yes, rumors are bad for investors, but the British stock market went upstream, and the FTSE 100 index rose by 0.61%! British and American interest rate hikes put pressure on global stock markets,

The European Central Bank (ECB) is subject to a fragile economy. In the past, the policy of raising interest rates was conservative and lagging behind. ECB President Lagarde made a speech yesterday, saying that he was facing a high inflation crisis.

The Bank must take action. Although she didn't put forward a specific plan, it is expected to launch a more aggressive interest rate increase model. Germany's DAX index fell 0.93%; Paris CAC

The index fell by 0.54%.

Yesterday, the number of initial jobless claims in the United States shrank again, which showed that the labor market in the United States was booming. It supported the hawkish position of the United States Federal Reserve, and the Federal Reserve discussed interest rates yesterday.

After the results are available. Powell said after the interest rate meeting that the final interest rate level would be higher than their expected level, and the market was weighing up the 50% interest rate increase of Wachovia Powell next time.

It is quite close to the probability of 75 points. U.S. stocks fell for four days in a row, and the Dow Jones index fell 0.46%. While the S&P 500 index fell by 1.06%; Nasdaq comprehensive

The index fell by 1.73%. The United States announced the number of initial jobless claims last week, with the latest figure of 217,000, which fell for three consecutive weeks and was lower than the market expectation.

It shows that the domestic job market in the United States is strong, which will affect the attitude of the Federal Reserve to raise interest rates in December. The gold market has bottomed out again, with the highest gold price reaching $1,641 yesterday and the lowest.

See $1616.7, and finally close at $1629.6, down $5.7.

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