Weekly

January 30th

Today's amplitude interval

The gold price rose for six weeks in a row, and the trend was well supported at $1,900. It also slowly moved the support level up to $1,920, a weekly chart for two consecutive weeks.

There are two gyroscopes in the middle, and the RSI power index is set at 69. It seems that it is accumulating strength, and the bullish opinion has not changed. It is recommended to absorb it on dips. The price of gold is still between 1920 and 1920.

$1940 is being consolidated, and it is waiting to break through the middle position of the new supply area, which is about $1948. Once it successfully rises through this position, it will point to the return.

At the top of the area, it went straight upstairs for $1,972. Today's suggested volatility is $1,920 to $1,936.

The income growth in the United States last quarter was better than expected. After the three-day Lunar New Year holiday ended, the Hong Kong stock market continued on the only two trading days starting from the Year of the Rabbit.

L. The Hang Seng Index rose for six weeks in a row and closed at an 11-month high. The only fly in the ointment was that the turnover last Friday was over HK$ 20 billion lower than that on Thursday, only about 973.

100 million Hong Kong dollars; However, the Shanghai-Shenzhen-Hong Kong Stock Connect has returned again this week, and the market can rely on water to go upstairs. The Hang Seng Index rose 644 points or 2.81% this week to close at 22,688 points.

 
Inflation in the euro zone grew moderately, and the European Central Bank's interest rate hike was gradually implemented. The purchasing managers' index of manufacturing and service industries published by the European Central Bank and the Bank of England is slightly better.

It is expected that the economic data released by the euro zone last week has improved, which is good for the risk market. In a week, the German DAX index rose by 0.77%; CAC in Paris, France

After a few liters of 1.45%, British Chancellor of the Exchequer Hou Junwei made hawkish remarks, saying that inflation in Britain could hardly fall below 5%, and the FTSE 100 index in Britain fell by 0.07%. upper/better/previous/a surname

The personal consumer price index fell slightly last week, indicating that inflation in the United States is turning, and the market estimates that the pace of interest rate hikes by the Federal Reserve will slow down. In the latest survey, the market predicted that

The possibility that the Federal Reserve will raise interest rates by 25 points is as high as 99.9%, while the income growth in the United States last quarter was better than expected, and the number of people applying for unemployment benefits for the first time fell for three weeks last week.

Approaching the lowest record in history, the market atmosphere was positive. The three major stock indexes in new york all rose last week, with the Dow Jones index up 1.81% and the Standard & Poor's 500 index up 2.47%.

The Nasdaq Composite Index rose 4.32%.

A number of data in the United States show that the economy is retrogressive, and the market expects that the Federal Reserve will not raise interest rates vigorously, for fear of a hard landing of the economy and a chance of raising interest rates by 0.25% next month.

It is said that the US dollar index is struggling on the edge of 102, and the gold market fluctuated and rose this week. Unfortunately, it is close to the high of 1,950 US dollars, and the gold price was the highest last week.

See $1,949.3, with a minimum of $1,911.4. Last Friday, it closed at $1,927.7, up $1.7 for six consecutive weeks.

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