Weekly

Today's volatility range:

Last week, the United States announced that the decrease in non-agricultural employment in the United States was beneficial to the gold market. In addition, the news that the second round of US$ 900 billion epidemic relief measures would be passed by both parties showed that the US dollar index continued to weaken, which was beneficial to the market outlook.

Today's major volatility is 1830-1848 dollars.

Novel coronavirus's fatigue continues to deteriorate, with nearly 1.54 million confirmed deaths worldwide and over 67,400 cumulative infections in novel coronavirus worldwide. In the United States, more than 230,000 new infections occurred last Friday.

In Europe, Russia, France, Italy, France, Russia, Britain and Spain have recorded more than 1 million new crown diseases, but the daily new infections still cannot be contained below 10,000 digits.

Many European countries have to extend social restrictions. Westerners may have a lonely Christmas, which will hit the traditional retail season.

Last Wednesday, there was news in the market. The British Drug and Health Products Supervision Bureau said that the COVID-19 vaccine jointly developed by Pfizer Pharmaceuticals of the United States and German Biotechnology "met its strict safety, quality and effectiveness standards".

With the approval of Pfizer's application for emergency empowerment, Britain became the first western country to approve the COVID-19 vaccine, and can arrange vaccination from Tuesday. But Fauci, director of the CDC, said that the British approval was too hasty.

The United States needs more time to study the data and confirm the safety before granting emergency use rights. Although Fauci's remarks somewhat disappointed the market, experts estimated that there should be good news in the middle of the month.

Last Saturday, it was said that Russia had begun to vaccinate its citizens with the "Satellite 5" COVID-19 vaccine developed by Russia. The world is looking forward to vaccines to save the economy. The Brexit issue is still deadlocked.

Frost, the Brexit negotiator, said that there were only days left in the negotiations, and the situation was not optimistic. It has been reported that the main obstacle is still the fishing industry. Some EU representatives have proposed that European fishermen can fish in British waters.

For ten years, Britain strongly opposed it, and it was ready for disorderly Brexit. Federal Reserve Chairman Powell urged Congress to pass the second round of epidemic relief measures as soon as possible. House Speaker Pelosi made concessions for the first time,

It is reported that she and Senate Democratic leader Schumer supported the $908 billion bipartisan plan as the basis for a new round of negotiations with congressional Republicans and the White House on Wednesday. The market expects that the plan will be passed soon.

The employment data released by the United States last week went weak, with only 245,000 new jobs in non-agricultural employment in the United States, which was worse than the expected 469,000.

Last week, the United States announced that the reduction of non-agricultural employment in the United States was beneficial to the gold market. In addition, the news that the second round of US$ 900 billion epidemic relief measures will be passed by the two parties, the US dollar index continued to weaken, falling to a low of 9.5% in two and a half years.

Gold rebounded sharply last week, closing at $1,838 per ounce, and rose by $51 a week. Bitcoin fell to about $18,800 per piece yesterday, and once again approached $20,000 per piece, but unfortunately it failed.

I believe we are still waiting for an opportunity to create a record high of $20,000.

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