Weekly

digestion process

2023-02-17

17 February

Today's amplitude interval

Yesterday, the US economic data was good, the number of new jobless claims fell for two consecutive weeks, and the growth of producer price index was also significantly higher than market expectations.

When the two officials of the Treasury came out to speak, they both hinted that they supported the Fed to raise interest rates by 50 points in March. The gold market is still in a weak position, but the market is gradually digesting the pressure of raising interest rates and then going down.

The range of adjustment is limited. Today's suggested volatility is $1,824 to $1,842.

The latest retail data in the United States performed well, offsetting the negative sentiment of the uneven inflation data in the United States every night, helping US stocks to rise every night and Hong Kong stocks to rebound.

Stop falling for four days. The Hang Seng Index opened 134 points higher, and the unemployment rate in Hong Kong has dropped to near the pre-epidemic level, indicating that the economy has gradually improved and buying has become more active and large.

The market rose nearly 500 points, but the mainland stock market softened, and the closing increase of the Hang Seng Index narrowed to 175 points or 0.84%, closing at 20,987 points. Central foreign affairs Committee member

Wang Yi, director of the conference office, visited France and co-chaired the Sino-French strategic dialogue with Bona, foreign affairs adviser to the French President.

After that, Wang Yi met with French President Macron, and the process was smooth and positive. Macron even said that he would seek more opportunities with China. Sino-French relations eased, French shares

It closed at a record high, with CAC index in Paris rising by 0.89% and DAX index in Germany rising by 0.18%. Britain's FTSE 100 index rose 0.15%. Yesterday's American classics

Economic data is good, the number of new jobless claims has fallen for two weeks in a row, and the growth of producer price index is also much higher than market expectations, two Fed officials said.

When they came to speak, they all hinted that they supported the Fed to raise interest rates by 50 points in March. Interest rates warmed up, US stocks fell under pressure, and the three major stock indexes on Wall Street fell by more than 1%.

The Dow Jones index fell 1.26%, the Standard & Poor's 500 index fell 1.37%, and the Nasdaq Composite Index fell 1.78%.

The number of new claims for unemployment benefits in the United States continued to decline last week, indicating that the labor market is very resilient, while the producer price index increased by 0.7% month-on-month, 0.4 higher than the market expectation.

% is high, Messer and Brad of the Federal Reserve hinted that they supported the decision to raise interest rates by 0.5% in March, and the market reflected that the probability of raising interest rates by 50 basis points rose to nearly 20%.

After the data was released, the price was as low as $1,827.7. After the market digested the pressure of raising interest rates, the price of gold reversed, reaching a peak of $1,845.3, and the increase at the end of the market narrowed.

It closed at $1,836.5 and eventually rose by only $0.5.

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