Weekly

Defensive toughness

2023-02-20

February 20 th

Today's amplitude interval

Last week, the Fed's interest rate hike was expected to heat up, and the price of gold bottomed out, indicating that the price of gold has defensive resilience at 100 antennas. This week, the United States will announce personal consumption expenditure.

The price index, and the expenditure and income of American residents, although the expected income has increased slightly, the expenditure is still subject to a series of interest rate hikes by the Federal Reserve, especially

It is the burden of mortgage interest expenditure, and the expected increase in expenditure cannot keep pace with the increase in income; This is expected to release the pressure of the Federal Reserve to raise interest rates.

Help the price of gold get out of the three-week decline. Today's suggested volatility is $1,834 to $1,850.

The market expected that the Federal Reserve might raise interest rates to curb inflation, and Hong Kong stocks were dragged down and fell for three weeks. The exhibition announced the suspension of trading and announced a large discount for the rights issue.

Last Monday, when the stock resumed trading, it was snapped up by shareholders, and eventually it was cut by nearly 13%. This large-scale pumping incident also caused investors to be wary, and the Federal Reserve increased interest rates.

The expected pace of warming up, the Hang Seng Index fell below 21,000 points and closed down for three weeks. The Hang Seng Index closed at 20,719 points last Friday, dropping 470 points or 2.22 points in a week.

%。
 
Wang Yi, director of the Office of the Central Foreign Affairs Working Committee, visited France and co-chaired the Sino-French strategic dialogue with Bona, foreign affairs adviser to the French President. Then Wang Yi.

The meeting with French President Macron went smoothly and positively, and Macron even said that he would seek more opportunities with China. Sino-French relations eased, and the French stock index last week.

Fourth, it closed at a record high. The CAC index in Paris, France rose by 3.06%, and the DAX index in Germany rose by 1.14%. Britain's FTSE 100 index rose 1.55%.

The performance of inflation data in the United States is uneven. Although the figures dropped slightly from last month, the rate of decline was lower than market expectations, and the labor data remained strong.

The number of new jobless claims in the United States continued to decline last week, indicating that the labor market is very resilient and supports the growth of prices. On the other hand, the producer price index.

It is still climbing, and all kinds of data have caused the market to be suspicious of the dove voice of the Federal Reserve; And two officials of the Federal Reserve, Meister and Brad, also made no secret of it and expressed their support.

Hold the Federal Reserve to raise interest rates by 50 points in March. Interest rates rose, US stocks fell under pressure, and the three major stocks on Wall Street performed differently. The Dow Jones index fell 0.13%, and Standard & Poor's

The 500 index fell by 0.28%, while the Nasdaq Composite Index rose by 0.59%.

The economic data of the United States declined slightly, but the rate of decline was not as optimistic as expected by the Federal Reserve, and the labor data remained strong, supporting the growth of prices.

The market expects the Federal Reserve to expand the pace of interest rate hikes. The expectation of interest rate hikes has caused the US dollar to rebound. The US dollar index once rose above 104 points, and the gold price was under pressure, falling to a low of 1819 this year.

Dollars, but then bottomed out, showing the resilience of bulls. Last week, the price of gold peaked at $1,870.8, closing at $1,842.6, down 22.7 dollars in a week.

Yuan.

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