Weekly

February 8th

Today's amplitude interval

The unusually strong non-agricultural data has added variables to the Fed's interest rate hike policy this year. Powell made a final decision this morning, saying that the inflation trend is fast and slow, and the US dollar.

Weakening, gold prices fluctuated upward. The gold market had an allergic reaction last week because of the tight labor market. Now Bao Lao confirms that inflation has begun to be controlled and the dollar should regain its weakness.

The gold price is expected to return to $1,900. Today's suggested volatility is $1,867 to $1,882.

There was a strong wait-and-see atmosphere in the market. Although the market rebounded, the turnover exceeded HK$ 100 billion, the lowest in a week. The HSI opened 66 points higher, at most.

It rose nearly 300 points, but the market paid attention to the speech made by Federal Reserve Chairman Powell in the early hours of Wednesday, fearing that his attitude would turn to an eagle, and the Hang Seng Index eventually narrowed.

It rose 76 points or 0.36% to close at 21298438. Last Friday, the non-agricultural employment data released by the United States was significantly better than market expectations, adding a shadow and worry to the market.

Fearing that Fed officials will extend the interest rate hike cycle due to strong employment data, investors expect Powell's speech to be targeted, and the three major European stock indexes will develop independently.

Germany DAX index fell by 0.16%; The CAC index in Paris, France fell by 0.07%, while the FTSE 100 index in Britain rose by 0.36%.

Powell made a final decision, and the US stock market ended up upside down. Last week, Powell, chairman of the Fourth Reserve Bank, said at the interest rate meeting that the bureau would increase interest rates two or three times this year.

The interest rate hike will be suspended. However, due to the abnormal performance of non-agricultural data last Friday, the Fed's interest rate hike policy changed again, and the US stock market opened down, but it stayed in Bowie.

Moore reiterated that the process of slowing inflation has begun. The three major stocks on Wall Street rose, the Dow Jones index rose by 0.78%, the Standard & Poor's 500 index rose by 1.29%, and Nasdaq composite.

The index rose by 1.9%.

Strong employment increased the pressure on the market, investors waited for the Fed to raise interest rates, and the gold market fluctuated upward. Federal Reserve Chairman Powell delivered a speech in the early hours of this morning

In other words, although the labor market is still tense and inflation is slowing down, it is still far from the Fed's goal and there is still a long way to go. The highest price of gold has reached 18.

84.3 US dollars, the gold market inserted water after Bao Lao's speech, the lowest was 1964.9 US dollars, and closed at 1871.8 US dollars, up 4.1 US dollars.

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