Weekly

January 17th
Today's amplitude range
The RMB weakened, the US dollar index rebounded, and the trend of the gold market also rose first and then fell. The gold price recovered after hitting the highest level in the past nine months, and the adjustment range reached about US $1911, which was supported. It showed that the wish of the bulls had not disappeared, and they could still hit the high level again, but there was great resistance in the new supply area, and it might take a period of shocks to break through. Today's recommended range is $1909 to $1928.
The Chinese New Year is approaching, and the global demand for RMB settlement is gradually coming to an end. The RMB price, whether onshore or offshore, has weakened, rose first and then fell yesterday, down nearly 0.3%. The Hong Kong stock market also performed repeatedly before the Spring Festival. The Hang Seng Index opened nearly 80 points higher. With the fall of the RMB, the Hong Kong stock market also declined. At most, it fell 166 points. The last market barely recovered its lost ground. The Hang Seng Index closed at 21746 points, up 8 points or 0.04%.
This winter was not too cold, which eased the European energy crisis. The European Union Economic Affairs Commissioner Gentiloni also made an assessment of the energy price. He said that the European Union had reduced its dependence on energy in the past time, resulting in a sharp drop in energy prices. He analyzed that inflation in Europe had peaked at the end of last year, and expected that the European economy would be on a soft landing. In addition, investors expected that China's economy would recover, and the European economy would also benefit, The three major European stock markets continued to rise, with Germany's DAX index rising 0.31%; The CAC index in Paris, France, rose 0.28%, and the FTSE 100 index in Britain rose 0.19%.
The New York stock market has a day off during the US holiday.
The yuan weakened, the dollar index rebounded, and the trend of the gold market also rose first and then fell. After the gold price hit the highest level in the past nine months, it adjusted. The gold price reached as high as $1929.1, as low as $1910.9, as low as $1870.3, and closed at $1916, down $4.3.
For detailed analysis and operation suggestions, CLICK is welcome to join the group at the following links and check with the administrator
https://t.me/mingtak [Service content]