Weekly

The COVID-19 epidemic hit many European countries for the second time, and France was the most serious. It overtook Spain in less than three days after becoming the second country with one million cases in Western Europe, and became the country with the most recent cases in Western Europe.

Based on the rebound of the epidemic, countries immediately introduced more severe social isolation measures. The market worried that the epidemic and isolation measures would severely hit the European economy. In addition, the German business index released yesterday recorded the first decline since June.

Major European stock markets fell across the board, and the German DAX index fell 3.7%; The French CAC index fell 2%; Britain's FTSE 100 index fell about 1.5%.

Earlier, European Central Bank President Lagarde said that he noticed that many European countries recently adopted new epidemic prevention measures to control the COVID-19 epidemic, which offset the European Central Bank's 1.35 trillion euro stimulus plan.

Governments are called upon to continue to provide financial support to help the economy recover from the new outbreak. However, although the European Central Bank indicated that it would continue to provide support, there was still no new specific stimulus plan, and foreign exchange investors took the lead in avoiding risks, and the pound and the euro fell against the US dollar.

The US presidential election was held on November 3, and the latest opinion polls showed that Biden was slightly ahead by about 6%. However, the black material that appeared in the Biden family last week was revealed by the media that Biden Jr. was suspected of using his father, Biden Sr., as the vice president of the United States.

It will be the turning point of this election whether Biden Sr. knows or even benefits from all kinds of illegal means of collecting money. In fact, one of the hot topics recently searched on the Internet in the United States is "How to change the ballot options that have been mailed out".

We should know that mailing votes is an election strategy supported by Biden. More than 50 million votes have been mailed, and it is estimated that two thirds of them voted for Biden, and the willingness to vote is rising. The results of this US presidential election are unpredictable.

Because the Senate President of the United States is controlled by the Democratic Party of the United States, the Trump administration is deeply mired in lame duck administration. On October 18, the Speaker of the House of Representatives Pelosi decided that the Trump administration should propose a new epidemic mitigation plan.

Although Pelosi continued to discuss with U.S. Treasury Secretary Mnuchin and pointed out that the differences were narrowing, it was thought that only the differences in quotas were a cover. When Trump said that he was willing to support Pelosi's proposal to increase the amount based on the $1.8 trillion,

Pelosi said it would be upgraded to a $2.2 trillion project, and all expenditures should be controlled, including the vaccine funding plan. Investors saw that there was little hope of launching a new epidemic relief plan before the election, and the new york stock market plummeted.

The Dow Jones index fell 2.7%; The Standard & Poor's 500 Index fell 2.2%; Nasdaq index fell 1.9%.

Yesterday, the price of gold closed at 1902 US dollars per ounce with no increase in volatility. Although the COVID-19 epidemic rebounded, gold became a safe-haven asset and was favored by investors. The highest price of gold rose to 1909 US dollars per ounce yesterday, but the US dollar index returned to 93 points.

Pulling back the rising trend of gold price, the worst has fallen below the level of 1900 to see $1,892 per ounce. Before the results of the US presidential election, investors' strategies have become more conservative, and it is difficult to have big and big market conditions.

For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator
https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug