Weekly

March 13

Today's amplitude interval

Although the non-agricultural data released by the United States last week beat market expectations, the salary growth slowed down, and the probability that the market expected to raise interest rates by 50 basis points in March softened to below.

50%. In addition, the U.S. Treasury Secretary has indicated that he will not use public funds to help the Silicon Valley Bank explode, and investors are worried about the domino effect and risk aversion.

High investment is conducive to the upward trend of gold prices; The opening price of gold this morning has hit $1,900, reaching a high of $1,894.7. It is necessary to test whether 1878 can stabilize. Ignore this morning

Today, the suggested volatility is $1,867 to $1,890.

Last week, China released the consumer price index for February, which dropped by 0.5% month-on-month, the lowest in 12 months. However, inflation in the mainland has cooled down, and inflation in the United States.

Still high, Federal Reserve Chairman Powell said at the congressional testimony for two consecutive days that he would be prepared to speed up interest rate hikes when necessary, and the interest rate hike is expected to heat up.

With the pressure brought by the ticket market and the bad news in the Mainland, JD.COM Group plans to compete for business with a subsidy of 10 billion yuan, but its future is looked down upon by the market, and the car manufacturers reduce their prices to promote sales.

Car stocks fell, real estate stocks suffered serious losses, and so on. The Hang Seng Index fell for four consecutive days and remained unemployed for 20,000 points, closing at 19,319 points, down 1,247 points or 6.1% in a week.

The market is concerned about the ECB's interest rate hike policy next week. As more and more ECB policy makers support a more aggressive interest rate hike decision at this month's interest rate meeting,

Investors expect the European Central Bank to raise the key lending rate by 0.5% next Thursday. Coupled with the thunder of Silicon Valley Bank in the United States, European banking stocks led the decline, and Europe third.

The big stock market fell more than 1% in a week, and the German DAX index fell by 0.97%. The CAC index in Paris, France, fell for four days and then fell by 1.73%, while the FTSE 100 index in Britain fell by 2.5%.

The market continues to digest the statement that Federal Reserve Chairman Powell said that he would be prepared to speed up and raise interest rates when necessary. Although the non-agricultural data were made, the salary increase began to slow down.

Relieved the pressure of the Fed to raise interest rates, but the Silicon Valley Bank of the United States squeezed, and its parent company's share price was suspended after it fell by 60% last Thursday; The US Treasury Secretary has made it clear that he will not go public.

Investors are worried about the domino effect, and the venture capital atmosphere is getting worse. The three major stock indexes on Wall Street have fallen by more than 4% in a week, and the Dow Jones index has fallen.

It fell 4.44%, the Standard & Poor's 500 Index fell 4.45%, and the Nasdaq Composite Index fell 4.71%.

Federal Reserve Chairman Powell put on an eagle at the congressional testimony last week, saying that the rate of inflation decline was lower than the central bank's expectation, and the labor force was still tight, saying that the bureau was there.

If necessary, it will be prepared to raise interest rates at a faster rate, but said that it has not yet decided on the right interest rate in March. After last Friday's non-agricultural data, although it was better than market expectations, the salary increase was released.

Slow down, the market expects that the probability of raising interest rates by 50 points in March will soften to less than 50%, coupled with the thunder of Silicon Valley Bank in the United States, and the tension of risk aversion will push the price of gold.

The gold market rose first and then fell last week. The lowest price of gold was $1,809.4, and the highest was $1,870.2. It closed at $1,867, with a cumulative increase of $11.6.

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