Weekly

Maintain austerity policy

2023-06-15

June 15th

Today's amplitude interval

As expected by the market, the Federal Reserve announced that it would keep interest rates unchanged, but the chairman of the Federal Reserve hinted that the austerity policy was still not over, suggesting that it might still exist this year.

The market will gradually digest the news of two interest rate hikes, and the price of gold may try again the low level in mid-March this year. Today's suggested volatility ranges from $1920 to $1945.

Dollars.

Investors are concerned that the US Federal Reserve announced the results of the interest rate meeting in the early hours of Thursday, and Hong Kong stocks are so weak. The Hang Seng Index opened 26 points higher and rose 119 points at the highest, but the market was constrained.

When the Federal Reserve raised interest rates, investors did not actively follow up, and the market turned downward, falling by 169 points at most. The Hang Seng Index finally fell by 113 points or 0.6%, almost the same.

Fully retreat from Wednesday's increase. Investors are concerned about the results of the interest rate meeting announced by the US Federal Reserve later, and it is expected that the possibility that the Federal Reserve will not raise interest rates at this meeting is high.

In addition, the United States announced that the producer price index fell to a low of nearly two and a half years in May, investors were cautiously optimistic, and the three major European stock markets rose across the board.

Germany's DAX index rose 0.49%, France's Paris CAC index rose 0.52%, and Britain's FTSE 100 index rose 0.1%.

The Federal Reserve Board of the United States announced the result of the interest rate discussion at 2 am this morning. As expected by the market, the board set the interest rate of the fund at 5.25%, but the Fed chairman

I hinted that the austerity policy is still not over, and confessed that it is not appropriate to cut interest rates this year. Wall Street's three major stock indexes developed separately, with the Dow Jones index falling 0.68%, with the standard.

The Standard & Poor's 500 Index rose 0.08%, and the Nasdaq Composite Index rose 0.39%. The United States announced the producer price index in May, which accelerated the decline month by month and was lower than the market.

The expectation is low, and the gold market once rose above $1,960. However, the market is obviously subject to the interest rate decision and policy statement announced by the Federal Reserve later.

Stopping at that position, at 2 am this morning, as expected by the market, the Federal Reserve announced that it would keep interest rates unchanged, but the chairman of the Federal Reserve hinted that the tightening policy remained.

Not finished, suggesting that there may still be two opportunities to raise interest rates this year. The price of gold turned around and fell back, reaching a low of $1,939.8 and closing at $1,941.3.

Down $2.3.

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