Weekly

Break the 50-balance moving average

2022-11-07

November 7th

Today's amplitude range

China will have the opportunity to unblock the epidemic blockade measures in an orderly manner next year. Once China's economy returns to normal, the tide of capital investment may end, and the decline against the US dollar will be settled. the other party

On the other hand, 75 points of the Fed's three interest rate increases have been digested. Powell said after the interest rate meeting that the final interest rate level will be higher than their expected level, but the interest rate will be increased.

Although the speed can be slowed down as soon as December, the interest rate hike cycle may be extended, and the market is weighing the next rate hike of 50 points and 75 points by Wachovia Powell.

The probability of children is quite close. The strength of the US dollar may come to an end. The price of gold surged on Friday, and it can still rise again next week. Suggested volatility today is $1,670 to $1,690.

Dollars.

The epidemic situation in COVID-19 continues to heat up. Last week, the number of new local cases exceeded 4,000. National statistics announced last week that the purchasing managers' index of non-manufacturing industries fell in October.

Below 50 points of the dividing line between prosperity and poverty, the latest figure is 48.7 points, which is lower than the market expectation of 50.2, reflecting that the service industry in the Mainland is shrinking, and it is in line with the central government.

The policy advocated by the leaders to promote domestic demand and protect the economy has deviated, and Hong Kong stocks have been dragged down, hitting a low of more than 14 years; There are two favorable factors in the market, one

The weekly performance fell first and then rose. The media reported that American auditors had completed the first round of on-site audit of China Stock Exchange ahead of schedule, and the market was looking forward to the epidemic prevention measures in the Mainland.

In the first quarter of next year, it began to relax in an orderly manner. The Hang Seng Index soared nearly 1,500 points a week to close at 16,161 points, up 821 points or 8.73%.

The new British Prime Minister, Xin Wei and Xin Cai, proposed to increase taxes to deal with Britain's fiscal black hole. Xin Weicheng is familiar with financial affairs, which will help improve the British economy. upper/better/previous/a surname

Last week, the purchasing managers' index of manufacturing industry in the UK rebounded after shrinking for the second month in a row. In addition, the market spread that China would relax its epidemic prevention measures, and the US dollar plunged sharply.

Last Friday alone, the three major European stock markets rose by more than 2%. In a week's summary, the German DAX index rose by 1.63%; Paris CAC index rose by 2.29%; hero

The FTSE 100 index surged by 4.07%.

Last week, the United States announced the results of interest rate talks. As expected by the market, the Federal Reserve revealed last Wednesday that it would raise interest rates by another 75 points. Powell is at the interest rate meeting.

After that, the final interest rate level will be higher than their expected level, and the interest rate hike cycle will be longer than expected. Pressure to raise interest rates has completely shaken up US stocks, although

New york's stock market rebounded by more than 1% due to investors' expectation that China would relax its epidemic prevention restrictions. After a week's summary, the three major Wall Street stock indexes still closed down, and the Dow Jones index fell.

1.4%; While the S&P 500 index fell by 3.59%; The Nasdaq Composite Index hit more than 5%.

The market digested the news of the Fed's interest rate hike. The price of the US dollar fell against a basket of currencies, and the US dollar fell below the level of 111. In addition, the non-agricultural data went backwards from last month.

China's unemployment rate is unexpectedly higher than market expectations. In addition, the market expects China to relax its epidemic control measures, and the market expects the Federal Reserve to release it at the interest rate meeting next month.

Slow interest rate increase, last Friday, the US dollar saw its biggest drop in a single day in a year and a half, and the price of gold bounced sharply. The lowest price of gold last week was $1,616.7, and the highest price was $1,681.8.

Finally, it closed at $1680.9. In a week, the price of gold rose by 36.6 dollars.

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