Weekly

November 8th

Today's amplitude range

The whole world hopes that China will relax its domestic epidemic blockade measures, and that one country may save the global economy. Some Fed officials are against Powell, hoping to slow down the rate hike.

Cutting, while the dollar fell, the capital tide took place, and the price of gold was not raised intentionally. Yesterday, it may be that the profit-taking plate was wary of the 50-day average, and it was also observing later this week.

Time inflation data. Looking at the trend, the price of gold should be able to break through. Maintain today's suggested volatility of $1,670 to $1,690.

The State Administration of Foreign Exchange of China announced the latest statistics yesterday. At the end of October, China's foreign exchange reserves were 3.052 trillion USD, increasing by nearly 23.47 billion USD every month. outside

The Bureau explained that although the global financial asset prices fluctuated and went up and down, through the comprehensive factors such as exchange rate conversion and asset price changes, foreign exchange in October

The scale of reserves is still rising, and it is emphasized that the fundamentals of China's long-term economic improvement will not change. Hong Kong stocks have been playing for two days, and the market is looking forward to the epidemic prevention measures in the Mainland first next year.

The orderly relaxation of the quarter, coupled with the soft tone of some Fed officials, stimulated the Hang Seng Index to return to a three-week high. Hang Seng Index opened nearly 130 points lower, but buying actively.

After entering the market, the turnover reached HK$ 148.6 billion yesterday, and the Hang Seng Index closed at 16,595 points, up 434 points or 2.69%.

Last week, Britain raised interest rates by 75 points closely to the Federal Reserve, which temporarily stopped the decline of the pound, prevented the population price from rising in the short term and further worsened the inflation in China.

Buying time will give the new British leadership time to improve the economic problems. I believe the Bank of England will follow suit until the economic crisis dawns. city

Hoping that China will relax its epidemic prevention measures, the three major European stock markets rose across the board, and the German DAX index rose by 0.52%. Paris CAC index

Up by less than 0.01%; Britain's FTSE 100 index rose 0.36%.

Last week, the United States announced the result of interest rate decision, and as the market expected, it raised interest rate by another 75 points. Although Powell said after the interest rate meeting that the final interest rate level will be higher than

Their expected level, and the interest rate hike cycle will be longer than expected; However, later on, some officials of the Federal Reserve played devil's advocate, saying that they hoped to slow down the rate hike.

Pace. The pressure to raise interest rates was lowered to stimulate risky assets. The three major stock indexes on Wall Street rose across the board, and the Dow Jones index rose by 1.31%. And the Standard & Poor's 500 Index

0.96%; The Nasdaq Composite Index rose 0.85%.

Some Fed officials placed pigeons, and the US dollar fell for two consecutive days. The US dollar index fell below 110, but the gold price failed to benefit. Investors waited and saw this week's pass.

Expand the data to determine the market outlook, and the gold market ended down. After the opening of the market, the gold price was pushed down, as low as $1,666.9, until the US market rebounded, the most

It rose to $1,681.9, but there was a lot of resistance in the range of $1,680, which finally narrowed the decline, and finally closed at $1,675.4, down by $5.4.

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