Weekly

Lack of direction

2023-03-03

March 3

Today's amplitude interval

The gold market lacks direction. Yesterday, the fluctuation was less than $10, and the closing price was only less than $1, which highlighted the cautious attitude of long and short investors. In addition,

The trend of the gold market yesterday also reflected the contradictions in the Federal Reserve Bureau. When the two officials spoke yesterday, they were temporarily unable to unify their attitudes. Gold price

It is not easy to break through 20 and 50 antennas, and it may be necessary to make sure to stabilize at $1,830 first. Today, the proposed volatility of $1,826 to $1,846 was retained.

Dollars.

The yield of US 10-year Treasury bonds rose above 4%, and US stocks were weak every other night. In addition, Hong Kong stocks soared by more than 800 points last day, investors chose to count at a high level and make profits.

The market pushed down the Hang Seng Index and Hong Kong stocks closed down. The Hang Seng Index opened 229 points lower yesterday, with a maximum drop of nearly 300 points, but the drop of nearly 10-day moving average was supported, and the decline was once narrowed.

At 70 o'clock, the Hang Seng Index closed at 20,429 points, down 190 points or 0.92%. Annual inflation in the euro zone has slowed down compared with the same data last month, but it is still higher than the market.

It is expected that, however, many European countries have announced inflation data earlier, which has laid the foundation for the market. In addition, the market gradually digests that the European Central Bank will extend interest rate hikes.

Policies, coupled with the biased remarks of Federal Reserve Bostic, helped the three major European stock markets to rise; Germany DAX index rose by 0.15%; CAC index rose in Paris, France.

0.69%, the FTSE 100 index rose by 0.4%.

The number of people applying for unemployment benefits for the first time in the United States continued to decline, and the latest figure fell to 190,000. Strong employment data stimulated investor sentiment, and although the Federal Reserve two

The speeches made by two officials failed to unify their voices. Bostic's attitude was biased, saying that the Fed could suspend interest rate hikes in the middle and late summer this year and reiterated its support.

He raised interest rates by 0.25% in March, but was open to raising the terminal interest rate, while another Fed official Waller said after the US stock market closed that the labor market

The market is still tightening, and inflation is falling less quickly than expected, so it may be necessary to raise the terminal interest rate given in December last year. Because the message of the eagle is appearing

Time did not affect the US stock market. The three major stock indexes on Wall Street all rose, with the Dow Jones index up 1.05% and the Standard & Poor's 500 index up 0.76%.

The Nasdaq composite index rose by 0.73%.

The gold market lacks direction. Yesterday, the fluctuation was less than $10, and the closing price was only less than $1, which highlighted the cautious attitude of long and short investors. In addition,

The trend of the gold market yesterday also reflected the contradictions in the Federal Reserve Bureau. When the two officials spoke yesterday, they were temporarily unable to unify their attitudes. Gold price yesterday

The lowest daily price was $1,830, and the highest was only $1,839, closing at $1,835.9, with a slight decrease of $0.8.

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