Weekly

Awkward position

2022-12-08

December 8th

Today's amplitude range

China's economic recovery rate is still constrained by the conservative epidemic prevention policy. Due to the expected reduction of fuel demand, the price of U.S. oil futures dropped to the end of this year, releasing

Part of the inflationary pressure in the United States, coupled with the announcement of a 50-point interest rate increase by the Bank of Canada in North America, the market expects the Federal Reserve to raise interest rates with the same strength next week, and the price of gold

Up 15 dollars. The price of gold is "awkward", but it is still expected to be subject to $1,800, and $1,794, which is close to the average price of 200 scales, can open short positions. today

Suggested volatility is $1,776 to $1,794.

Yesterday, the General Administration of Customs of China released the trade data for November. The figures show that China's international trade activities are in recession, and the import and export figures show a year-on-year decline.

It was larger than the market expectation, falling by 10.6% and 8.7% respectively. Although the trade surplus was still maintained, the surplus narrowed to 69.84 billion US dollars, falling by more than 1.5 billion US dollars year on year.

Yuan. The mainland trade data went bad, and U.S. stocks fell every other night, so the Hang Seng Index once again fell below the 19,000 mark. Hong Kong stocks opened 60 points lower, and buying came into the market in the early stage, constant

The index once rose to nearly 300 points. Although the mainland once again relaxed epidemic control measures and introduced ten new policies, the market was disappointed that it failed to reach the level of coexistence with the virus.

Hang Seng Index plunged 626 points or 3.22% to close at 18,814 points.

Investors are worried that the global economy is going into recession, and hope that the recovery will be on China, which gave up the zero policy. Unfortunately, the new ten epidemic prevention policies in China announced yesterday are still in place.

Like old wine and new bottle, it is still a long way from the standard of virus coexistence, which is a big loss of market expectations. The three major European stock markets reported a fall across the board, and the German DAX index fell by 0.59.

%; Paris CAC index fell by 0.43%; % Britain's FTSE 100 index fell 0.41%. Although the epidemic prevention policy in China seems to be relaxed, the conservative policy is dead.

Stiff, failed to provide immediate solutions to the global supply chain, and the Jinlong China index, which reflects the performance of China's concept stocks, fell by about 3%, and the market declined to the global economy.

The fear lingered, and the three major stock indexes of Wall Street developed separately, and the Dow Jones index closed flat; The S&P 500 index fell 0.19%; The Nasdaq Composite Index fell 0.51.

%。

The market is still worried about the deterioration of global economic growth, and the speed of China's economic recovery is still subject to conservative epidemic prevention policies. Due to the expected reduction of fuel demand, the US period

The price of oil dropped to the end of this year, releasing some inflationary pressure in the United States. In addition, the Bank of Canada, which is also in North America, announced a 50-point interest rate increase, and the market used it to measure the beauty.

As for the Federal Reserve's interest rate hike, the US dollar index fell back to the level below 105. The gold price reached the highest of 1790.6 USD yesterday, the lowest of 1768.8 USD, and finally reached 1786.1 USD.

The dollar closed, up 15.1 dollars.

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