Weekly

The U.S. dollar index reversed in a V-shape yesterday, and rose all the way after the market opened, but fell back from the high of 94.6 and closed at 94.3, a slight decrease of 0.1%. The UK launched a new employment protection plan, and the British pound did a little better against the US dollar.

Yesterday, the United States announced that the number of people applying for unemployment benefits for the first time last week was 870,000. Although it was a record of less than 1 million people for four consecutive weeks, it was worse than the expected 840,000 people, which forced the dollar to weaken.

Earlier, Federal Reserve Chairman Powell attended a congressional hearing and called on the government to take more measures to support the economy. He said, "Only when people believe that attending ordinary activities is safe can the economy have a chance to fully recover. 」，

Bauer also pointed out: "The future development will depend on whether the epidemic situation is under control and what policy actions governments at all levels take. It's a pity that the two major American parties are still holding each other's heels in the debate on relief measures for the new epidemic.

There is no doubt that there is a vaccine against COVID-19 pneumonia, but it is only a matter of time; US President Trump posted a post on the social networking page earlier to make an impact on the election, saying that American citizens will soon get the COVID-19 vaccine.

It may be four weeks or eight weeks, but it is obviously different from the officials in charge of the US Food and Drug Administration. Fu Qi, the former American health consultant of Trang, even pointed out that political behavior does not meet the scientific needs.

We should not consider the implementation time of vaccines in COVID-19 from a political perspective. As of this morning, the cumulative number of infected people in novel coronavirus is close to 32.36 million, and the number of confirmed deaths exceeds 980,000.

In the United States, about 33,000 people were diagnosed with new pneumonia yesterday, and the cumulative number of infected cases exceeded 7.175 million, continuing to be the country with the most infected cases in the world, while the epidemic situation in India continued to deteriorate, with 86,000 new cases yesterday.

The cumulative number of infected cases exceeds 5.818 million. If the infection rates in these two countries remain unchanged, India will replace the United States as the country with the most infected cases in the world in three weeks.

The price of gold fell with the pressure of the rising US dollar in Europe and Asia, reaching a minimum of US$ 1,833 per ounce. However, after the employment data was released by the US market, the market worried that the COVID-19 epidemic would drag down the economic recovery, and the release time of the American epidemic relief measures was far away.

In addition, when the US dollar index finally broke up, the price of gold immediately rose, reaching a peak of $1,877 per ounce and closing at $1,868 per ounce, up by $5.

For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator
https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg