Weekly

November 28th

Today's amplitude range

The epidemic situation in COVID-19 has reached a new high, and the economic activity in China is no longer normal. There will still be a shortage of global supply chains, and global inflation will still increase in the short term.

Long pressure. Last Thursday morning, the minutes of the Federal Reserve meeting were released, showing that officials tend to wait for future development with a relatively flat rate hike path, preferring to take a longer time.

Time to raise the ultimate interest rate, reserve space to observe the economic data, and then react. And labor data is also the key, if next week's non-agricultural data is in accordance with the US

The Fed is expected to fall, which will help dovish officials to play, while the US dollar index will try to support below 105, which will help gold prices go up. The gold market has shaken off its decline,

But it is not easy to make an upward breakthrough. This week, it tends to fluctuate. Today, the recommended volatility last Thursday is still maintained, that is, $1,748 to $1,765.

Outbreaks in the Mainland still plague the pace of China's normalization. China Health and Health Commission announced on April that the number of newly diagnosed cases exceeded 40,000, a record high for four consecutive days.

Before recording, the peak of single-day diagnosis was 28,000 in April this year. At present, the mainland government still insists on implementing the policy of dynamic clearing, and the voice of sealing off districts and cities.

One after another; Investors are concerned about the development of the China epidemic. Last week, Hong Kong stocks opened lower and closed lower. The Hang Seng Index closed at 17,573 points. In a week, the Hang Seng Index fell by 418 points or 2.2 points.

9%。 The power of Hong Kong stock market is gradually losing, testing the support of 50 antennas.

International oil prices have plummeted, and new york crude oil futures have once again fallen below $80. Last week, the market closed at $76, a record low this year. The drop in oil prices will help ease energy in Europe.

Crisis, coupled with yesterday's satisfactory performance of European economic data, in which the manufacturing purchasing managers' indices of Britain, France and Germany all rose month by month in October, and

Better than market expectations; In addition, the minutes of the Federal Reserve's interest rate discussion tend to increase the ultimate interest rate for a longer time to leave room, which eliminates the market's short-term fear of raising interest rates.

The three major European stocks continued to rise last week, with the German DAX index rising by 0.76%; Paris CAC index rose by 1.02%, while Britain's FTSE 100 index rose by 1.37%.

The economic data of the United States is mixed, and the number of new jobless claims is rising again. However, the sales of new homes in the United States once again exceeded 600,000 every other month, and the consumption

The confidence index was also positive, but on Tuesday, Fed officials released pigeons, and the minutes of the last interest rate meeting of the Fed meeting released on Thursday morning showed that the Fed

In December, the bureau had the greatest chance to raise interest rate by 0.5%, which eliminated the more inclined pressure of raising interest rates. The three major stock indexes on Wall Street rose across the board, and the Dow Jones index rose by 1.28%. And standard

The S&P 500 index rose by 1.53%; The Nasdaq Composite Index rose 0.72%.

The gold market was long and short last week, and finally rebounded slightly. At the beginning of the week, the epidemic situation in China became more severe, and it may take more time for the market to hope for China's return to normal.

Achieved, the RMB against the US dollar approached 7.16, a two-week low, while the market wait-and-see atmosphere was strong, and the global stock market fell, which also supported the rise of the US dollar.

The gold price continued its decline a week earlier, with the lowest price at 1727.5. After the minutes of the November meeting on interest rates were released by the Federal Reserve on Thursday morning, the contents were revealed to the Fed officials.

At present, the market guesses that the chances of the Federal Reserve raising interest rate by 0.5% in December are high, and the yield of 10-year treasury bonds has dropped accordingly, making the US dollar lose some of its appeal.

At one point, the price of gold fell below the 106 mark, reaching a high of $1,761.2, and closed at $1,753.6 on Friday, rising by $2.7 a week.

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