Weekly

Inflation is heating up

2023-02-14

February 14th

Today's amplitude interval

Inflation has become a thorny issue. Originally, gold was an investment tool to fight inflation, but the rising interest rate increased the cost of holding gold, which was not conducive to the upward trend of gold prices. yesterday

The new york Fed's inflation forecast warned the market in the evening. Once the US consumer price index proves that inflation is still stubborn tonight, the pressure on gold prices is not light. Yesterday's gold price

If you fall below the 50-day moving average, the chances of further decline will increase. Today, the suggested volatility is $1,838 to $1,862.

Sino-US relations have become more tense due to the detection of balloon incidents. Lingzhan announced the suspension of trading last Friday and announced a 30% discount for the rights issue. Yesterday, when it resumed trading, it was sold by shareholders, which eventually became a big deal.

Nearly 13%, and the large-scale pumping incident that led the exhibition also affected a number of blue-chip real estate stocks, with a decline ranging from 2% to 6%. On the other hand, the mainland has strengthened its regulation of illegal activities.

Cross-border brokerage business not only hit the Hong Kong brokerage and Chinese brokerage sectors, but also hit the market sentiment. The Hang Seng Index opened lower by more than 280 points, the mainland stock market was well established, and Hong Kong stocks closed.

Stabilized, 21,000 points were recovered, and finally fell by 26 points or 0.12% to close at 21,164 points.


 
The EU published this year's inflation forecast for the euro zone, reducing the annual inflation rate from 6.1% to 5.6%; At the same time, the EU also raised its economic growth forecast for the whole year from 0.3%.

Up to 0.9%. The positive economic report of the European Union boosted market sentiment. The three major European stock markets rose across the board, and the German DAX index rose by 0.58%. Paris, France

CAC index rose by 1.11%, while FTSE 100 index rose by 0.83%. The Federal Reserve Bank of new york published an inflation expectation survey, which pointed out that the inflation expectation of the United States in the next year is 5%, which is imminent.

The exhibition direction was not as smooth as indicated by Federal Reserve Chairman Powell. The consumer price index released tonight is particularly crucial. Once it is confirmed that inflation is still stubborn, it is bound to

Silence the doves in the Federal Reserve.

While investors were waiting to see, it was reported in the market that leading companies in science and technology announced plans to lay off employees, and the plan of reducing expenses and reducing costs made technology stocks break through and helped the three major stock indexes on Wall Street rise.

Above 1%, the Dow Jones index rose by 1.11%, the Standard & Poor's 500 index rose by 1.14%, and the Nasdaq Composite Index rose by 1.48%. New York Federal Reserve Bank announces inflation

According to the forecast, the inflation trend in the United States is still rising. The report does not mean that the Federal Reserve Chairman Powell said earlier that he had seen the process of inflation slowing down.

It has started. Rising inflation expectations have increased the pressure of raising interest rates, forcing the price of gold to continue to weaken. The highest price of gold has reached $1,866.6, and the lowest price has reached $1,850.5.

At $1,853.7, it fell by $11.6.

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