Weekly

The COVID-19 epidemic is getting worse in Europe, and the number of newly infected people has doubled in just two weeks. After Spain, France has recorded more than 1 million new crown cases, becoming another country in Europe with a million cases.

European Central Bank President Lagarde said at the annual meeting of the International Monetary Fund earlier that he noticed that many European countries have recently adopted new epidemic prevention measures to control the COVID-19 epidemic.

This offset the European Central Bank's 1.35 trillion euro stimulus package, and called on governments to continue to provide financial support to help the economy recover from the new outbreak. And he finally said that the central bank will continue to provide support.

The market predicted that the European Central Bank might increase its emergency asset purchase program before the end of the year, and the remarks made investors reduce their holdings of euros to avoid risks at the beginning of this week.

The deadline set by British Prime Minister Johnson for Brexit trade negotiations continued. Banier, the chief negotiator of the European Union, arrived in London last Thursday to restart the Brexit trade negotiations, and the British Department of International Trade took the lead in revealing it before the meeting.

They have reached temporary trade agreements with four non-EU European countries such as Switzerland. The UK has more bargaining chips, which is conducive to the British side gaining an advantage at the negotiating table. The pound has risen for seven consecutive weeks last week; The euro also rose last week.

The last debate of the US presidential election was held last Thursday. All circles assessed that both sides performed quite well on that day. I believe both sides can't pull their opponent fans to support themselves in this debate. The latest opinion polls show Biden leading slightly by about 5%.

However, black materials appeared in the Biden family last week, and Biden Jr. suspected to use his father, Biden Sr., as the vice president of the United States at that time to carry out various illegal means of collecting money.

Will things continue to ferment into Trump's surprise for re-election? And more than 50 million voters in several States have mailed out votes. Can these mailed votes make Biden win? You can prepare peanuts to see the results on November 3rd.

The economic data released by the United States last week showed that the local economy continued to improve. The number of people claiming unemployment benefits for the first time in the United States last week was 787,000, which was lower than 800,000 for the first time since February.

The number of people who continue to apply for unemployment benefits has also decreased from 9.39 million in the previous statistics to 8.37 million. Improving the employment figures is the most powerful tool to boost the economy, and can raise various consumption budgets in the future. Another figure is that the sales of finished houses in the United States reached 6.54 million last month.

Housing is a long-term investment. Apart from the full confidence of home buyers in the future economy, it also depends on the current low interest rate environment. Economic data makes the dollar stronger. Gold is sensitive to the trend of the US dollar, which fluctuated with the US dollar index last week.

The highest rose to 1931 dollars per ounce, and the worst fell below 1900 to 1895 dollars per ounce. Last week, it closed at 1901 dollars per ounce and rose slightly by 2 dollars per week. Last week, the price of gold broke through the false upward trend and returned to the closed triangle to find a new direction.

The news that Remdesivir officially became the world's first drug to treat COVID-19 pneumonia, and the new round of fiscal stimulus plan in the United States only heard the stairs ringing, and the delay in reaching an agreement, coupled with the uncertainty of the US presidential election,

The gold price may be revised downward this week to test the support of 1880.

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