Weekly

shake

2022-11-30

November 30th

Today's amplitude range

China has an insight into the political crisis, and China the State Council spoke, saying that prevention and control can't affect people's normal life. The RMB rose against the US dollar, limiting the dollar's index.

The gold market rose slightly yesterday, coupled with investors' wait-and-see attitude. It is expected that the gold market will remain volatile, but a number of heavy data from the United States will be released tonight.

The amplitude may expand. The suggested volatility today is $1,734 to $1,765.

Due to the strict sealing and control measures in the Mainland, demonstrations have recently taken place in several provinces and cities. the State Council held a press conference yesterday afternoon, saying that the long-term sealing and control was indeed a shadow.

Sound people's normal production and living order, and the local government's law enforcement has gone too far, and ordered that it must be corrected. The market is about to relax again in the Mainland.

Epidemic prevention measures are conducive to the resumption of China's economic activities. Hong Kong stocks opened 260 points higher yesterday, and the market rose more and more. Finally, the market closed at 18,204 points, the highest in the whole day.

06 points or 5.24%, weighing the eight-point mark.

China is expected to relax its epidemic prevention measures, which will help normalize the global supply chain, increase the expected demand in the market, and the media reports that the oil group countries plan to cut production to control oil.

Price, stimulate the international oil price rebound; The speculation of China's economic recovery has become two sides of the same coin. Europe's three major stock markets are up and down, and Germany's DA

X index fell by 0.19%; Paris CAC index rose by 0.06%, while Britain's FTSE 100 index rose by 0.51%. Building prices in the United States fell for three consecutive months in September, while yesterday

The American Chamber of Commerce's Consumer Confidence Index was released. In November, the figure fell to 100.2 points, a four-month low, indicating that the Fed's series of interest rate hikes have reached a certain level.

In part, the market expects the chance of raising interest rate by 50 points next month to increase. However, the performance of U.S. stocks was not active yesterday, and investors waited for the announcement of Federal Reserve Chairman Powell.

In other words, the three major stock indexes of Wall Street developed separately, and the Dow Jones index rose by 0.01%; While the S&P 500 index fell by 0.16%; The Nasdaq Composite Index fell 0.58%.

China issued a message that the local authorities had overcorrected the epidemic prevention measures, which affected people's livelihood and had to be corrected. The market hoped that the mainland would relax the epidemic prevention measures.

The RMB rose against the US dollar in the morning, and the highest gold price ever reached US$ 1,759.6. However, investors have a strong wait-and-see atmosphere, and are waiting for the announcement of US domestic production tonight.

Total value, small non-agricultural data, and the speech of Federal Reserve Chairman Powell, the increase of gold price narrowed, and finally closed at $1,749.6, rising by $7.8.

For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator.
https://t.me/mingtak



Previous Article Next Article