Weekly

Today's volatility range:

The second round of relief measures for the epidemic in the United States was blocked, and the optimism of the market deteriorated. In addition, the decline in US stocks caused funds to flow to the US dollar to avoid risks, and the US dollar index strengthened, and the gold price sharply adjusted back yesterday. Gold price is expected to seek a new direction today.

It is expected to fluctuate within a narrow range, with the main volatility ranging from USD 1827 to USD 1845.

The Brexit negotiators from Britain and the European Union turned to a higher level to seek a breakthrough in the political dilemma. British Prime Minister Johnson went to Brussels yesterday to hold direct talks with European Commission President Ursula von der Leyen to discuss the agreement on trade arrangements between Britain and Europe after Brexit.

Earlier, Banier, the chief negotiator of the European Union, reported the progress of the negotiations to the EU member States. The trade negotiations between Britain and Europe were stagnant, and there were three major differences, namely, fisheries, fair competition clauses and the mechanism for handling contracts and complaints.

The two sides should reach an agreement before the 31st of this month, otherwise all trade activities will be carried out in accordance with the convention of the World Trade Organization. However, after the meeting between the two sides, Johnson told the media that a good agreement would be completed, and that the EU seemed to be unable to accept that Britain,

Britain has the sovereignty of its own fishing waters, but this is a matter of British sovereignty and security. No British Prime Minister can accept the terms of the agreement that the EU wants to join, saying that Britain can maintain prosperity under disorderly Brexit.

It seems that there are still many variables in the Brexit negotiations, but Britain has the upper hand. The British stock market rose for seven days in a row and rose 0.08% again yesterday.

On the other hand, the EU "Recovery Fund" is expected to be approved, because Hungary and Poland opposed the inclusion of human rights and other clauses in the appropriation bill earlier, which made it impossible to approve the fund

On Monday, the European Union said that it might bypass Hungary and Poland to help the remaining 25 EU member States through a "recovery fund" of 750 billion euros. However, with the epidemic rampant and severely hitting the economy, the two opposing countries face the reality.

Hungary said at an early date that it would support funding, while Poland responded that it would consider it, but yesterday Polish President Dutt also took the lead. On the other hand, the second round of relief measures in the United States has been blocked.

According to the news, nearly 90% of the 900 billion U.S. dollars in the second round of funding received cross-party support. McConnell, the Republican Senate Majority Leader, said that he could put aside the differences between the two parties and approve the funding first.

And hope to finish it before Christmas holiday, but House Speaker Pelosi said that the Republican Party created obstacles for the agreement, and the truth is intriguing. However, the market expects the optimism to deteriorate.

In terms of data, the United States announced that 6.65 million new jobs were expected to be created in the country last month, but the number of employees was less than expected, which shows that the epidemic still plagued the labor market.

Last week, US crude oil inventories unexpectedly increased and decreased by 15.2 million barrels, which was 1.4 million barrels lower than the market expectation. The three major indexes of the new york stock market all reached new highs during yesterday's trading hours and then closed down. The Dow Jones index fell 0.35%;

The Standard & Poor's 500 Index fell 0.79%; Nasdaq index fell 1.9%. Funds flowed to the US dollar to avoid risks, and the US dollar index rebounded to 91 points. The price of gold has been weak for many days, and the second round of relief measures for the epidemic in the United States has been blocked.

The optimistic atmosphere of the market is expected to deteriorate. In addition, the decline in US stocks caused funds to flow to the US dollar to avoid risks, and the US dollar index strengthened. Yesterday, the gold price sharply adjusted back. Yesterday, the gold price reached a minimum of 1825 US dollars per ounce, closing at 1840 US dollars per ounce, down 30 US dollars.

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