Weekly

Turn to wait and see

2022-11-29

November 29th

Today's amplitude range

As Super Data Week approaches, investors wait and see, and the gold market falls again and again. The unstable factors brought by the China epidemic will benefit the upward trend of gold price, but the increase of the Federal Reserve

Interest rate has become the focus of the market. Investors choose cash as a safe-haven asset. The dollar index rose back above 106, and the gold market fell to 11 dollars. Anticipate the gold market

It is still a volatile pattern. Today, the suggested volatility is $1,734 to $1,755.

Last Friday, the People's Bank of China announced that it would cut the deposit reserve ratio by 0.25%, hoping to save the current weak economy by relaxing monetary policy, but the PBOC's relaxation was not strong enough.

As high as the market expected, and the epidemic situation in the mainland is still severe, many provinces and cities have found that many nucleic acid testing institutions are suspected of fraud, and the mainland government insists on it.

With the implementation of the dynamic clearing policy, the move of sealing off districts and cities finally provoked the general public to rebound, and the white paper action blossomed everywhere; Investors are concerned about the development of China epidemic and the political situation.

Unstable, the Hang Seng Index opened lower at 17,000 points, and at most, it fell by 739 points to 16,833 points. The decline in the end market narrowed, weighing 7,000 points to close at 172.

7 points, down 275 points or 1.57%.

Europe is gradually falling into a recession crisis due to the impact of the war. The interest rate hike of the European Central Bank has attracted more attention from the market. Last night, at the European Central Bank President Lagarde

Before the speech, Hernandez, the governor of Spain's central bank, spoke first, saying that so far, the rate increase was not enough to bring inflation back to the target level.

Suggesting that the ECB's interest rate hike is not enough to suppress the upward trend of inflation; Later, European Central Bank President Lagarde said that strong labor support workers

Capital is rising, and they will continue to assess the impact of salary increase. She expects the interest rate increase to be affirmative, but the path of interest rate increase will depend on the data, and it will be in every

A decision was made at the meeting. The market aroused the fear of raising interest rates again. The three major European stock markets fell across the board, and the German DAX index fell by 1.06%. France ba

The Li CAC index fell by 0.7%, while the FTSE 100 index fell by 0.16%.

The epidemic situation in China has not declined, and its severe containment measures have provoked civil protests, which has aggravated investors' worries about the normalization of the national economic supply chain, and the market has also

Considering a number of heavy economic data this week, the investment strategy of holding cash is once again popular. The three major stock indexes on Wall Street fell across the board, and the Dow Jones index fell by 1.45%;

While the S&P 500 index fell by 1.51%; The Nasdaq Composite Index fell by 1.58%. The gold market fell repeatedly, the epidemic situation in China rose, and the mainland government's epidemic prevention measures

To the rare demonstrations, the RMB fell against the US dollar, and the gold market rose in the early stage, reaching a maximum of $1,763.8, but when it entered the US market, investors

Wait and see a number of heavy data this week. Cash is the king of risk-takers, and the US dollar index rises back above 106. The price of gold falls under pressure, with the lowest value of $1,739.7, the highest

After that, it closed at $1,741.8, down $11.8.

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