Weekly

fall from a cliff

2023-02-03

February 3rd

Today's amplitude interval

The Bank of England and the European Central Bank announced yesterday that they would raise interest rates by 0.5% respectively. However, the spread between the two currencies and the US dollar declined.

After falling below the level of 101, the price of gold rose sharply, falling below the closing level of $1,920 held since January 19. There is an American non-tonight

Agricultural data will provide follow-up guidance for the gold market. Today's suggested volatility is $1910 to $1927.

The Federal Reserve raised interest rates by 0.25% again yesterday. Many leading banks in Hong Kong did not follow the pace of raising interest rates in the United States, but the market is still pessimistic, investors predict.

Hong Kong's economic prospects will be in trouble, with Hong Kong stocks opening higher and closing lower. The Hang Seng Index rose by more than 200 points after the trend of US stocks in the evening, and became weak after some struggle.

After falling below the 22,000 mark, the Hang Seng Index finally fell by 113 points or 0.52% to close at 21,958 points. Germany's trade balance exceeded market expectations, boosting market sentiment.

Mood; The Bank of England and the European Central Bank announced yesterday that they would raise interest rates by 0.5% respectively. The result of the interest rate discussion was as expected by the market. Investors digested the pressure of raising interest rates early and added

Bailey, governor of the Bank of England, said that he saw the initial signs that inflation had turned, and the dovish remarks encouraged venture capital to re-charge, and the three major European stock indexes were on the whole line.

L, Germany DAX index rose by 2.16%; The CAC index in Paris rose by 1.26%, while the FTSE 100 index in Britain rose by 0.76%.

As expected by the market, the Federal Reserve announced a 25-point rate hike yesterday, and Federal Reserve Chairman Powell announced a dove message after the interest rate meeting, saying that the bureau will raise interest rates this year.

After two or three more interest rates, the interest rate hike will be suspended. The pressure to raise interest rates faded, and the three major stock indexes on Wall Street developed separately. The Dow Jones index fell by 0.11%.

The Standard & Poor's 500 Index rose 0.15%, while the Nasdaq Composite Index soared 3.56%. The Bank of England and the European Central Bank announced interest rate hikes of 0.5% respectively yesterday.

However, the market trend is now reversed. The spread between the two currencies and the US dollar has narrowed, but it has fallen. The US dollar index rebounded after falling below 101.

The price of gold plunged precipitously, approaching $50. The highest price of gold was $1959.8, and the lowest price was $1911.4, which closed at $1912.7.

It hit $37.6.

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