Weekly

Restricted movement

2023-05-09

May 9

Today's amplitude interval

Last Friday, the non-agricultural data released by the United States was released last Friday. The figures were unexpectedly good, and the price of gold was reduced below $2,000. The market was worried about employment

The situation will push up wages, make prices continue to inflate, and may extend the Fed's interest rate hike cycle. After the gold price is greatly adjusted, it may benefit from the US economy.

The expectation of falling into recession and the pulling effect of the Fed's extension of the interest rate hike cycle, the price of gold temporarily stood firm at $2,000. Today, maintain Monday's suggested volatility at

$2008 to $2030.

The non-agricultural data released by the United States last Friday was much higher than market expectations, helping US stocks to rise sharply by more than 1%; Hong Kong stocks followed the uptrend, and the Hang Seng Index opened higher and closed higher. HSI opened higher.

At about 80 o'clock, the banking stocks that benefited from the interest rate hike environment continued to lead, while the mainland banks were more active, with an increase of over 3% to 6%, and the Hang Seng Index rose at the most.

272 points, the increase before closing narrowed, closing at 20297 points, up 247 points or 1.24%.

Yesterday, the coronation ceremony of King Charles III of England was a big day, and the British stock market was on holiday. The rise in international oil prices has made inflation in Europe a threat again, and the market has also increased.

The European Central Bank's policy of raising interest rates is not satisfactory. European Central Bank President Lagarde once said after raising interest rates last week that the European Central Bank would not suspend the pace of raising interest rates.

German and French stock markets have different names. The DAX index in Germany fell by 0.05%, while the CAC index in Paris rose by 0.11%.

The Federal Reserve released an opinion survey of senior loan officers. The survey results show that in the first quarter, commercial and industrial loan standards tightened and demand weakened, continuing the recent

The trend before the banking pressure appeared. The reason is that besides the increase in interest rates in the United States, the cost of borrowing has increased, and the collapse of regional banks in the United States has also triggered people.

Worried by economists and expecting the American economy to fall into recession, businessmen reduced their investment and lending. Wall Street's three major stock indexes developed separately, and the Dow Jones index fell 0.17.

%, the S&P 500 index rose 0.13%, and the Nasdaq Composite Index rose 0.18%.

The U.S. non-agricultural data was released last Friday, and the figures were unexpectedly good. The tense labor data once compressed the price of gold below $2,000.

The market is worried that the employment situation will push up wages, make prices continue to inflate, and may extend the Fed's interest rate hike cycle. After the sharp adjustment of gold prices, it is not clear.

Correct direction. The lowest price of gold was $2014.3, and the highest price was $2029.4. It closed at $2021.4, up $4.6.

For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator.
https://t.me/mingtak



Previous Article Next Article