Weekly

Today's volatility range:

The second round of relief measures for the epidemic in the United States has been blocked, and the optimistic atmosphere of the market is expected to deteriorate. The gold price failed to reach the key level of $1,850 twice last week, and both triggered a technical downward adjustment of about $10.

It is expected that the price of gold will still fluctuate today, and the main volatility will still keep the suggestion last Friday, that is, $1,827 to $1,845.

The novel coronavirus epidemic continues to deteriorate, with more than 72,600 infected people and nearly 1.62 million confirmed deaths in novel coronavirus. The epidemic has been widely reported for nearly a year now,

In addition to the above-mentioned people's lives and health, the virus has become widespread all over the world because of its strong spreading power, which indirectly causes the global economy to lose hundreds of millions of dollars! Fortunately, the vaccine finally came out. Last Tuesday,

The United Kingdom began to use the COVID-19 vaccine developed by Pfizer of the United States in cooperation with German biotechnology, and first vaccinated a 90-year-old woman, which set a milestone for the worldwide anti-epidemic action.

At the same time, more countries have announced the approval of the right to use the vaccine, including Canada and the United States, and the vaccine will be delivered to both countries today. Interestingly, the Hong Kong government originally intended to purchase Pfizer vaccine, but somehow,

It was removed from the official website at night, and now there are only two brands, Kexing Bio and Fosun Pharma. Sure enough, political correctness is still the way to be an official now, and patriots certainly use domestic products! People all hope that senior officials from the Chief Executive can take the lead in vaccinating those who have purchased in advance.

However, the Kexing vaccine, which has not passed the third phase of clinical test, can boost the confidence of the general public.

The world is betting on vaccines to change the economy that has almost stopped. If a country can vaccinate most people first, then that country can restore productivity first and seize market opportunities. A vaccine battle is happening quietly.

However, the investment market has digested the relevant news for a long time, and the news may not provide much power to the asset market. British Prime Minister Johnson met with European Commission President Ursula von der Leyen in Brussels last week. After the meeting, he said that the differences between the two sides are still big.

I am not optimistic about the orderly Brexit. If the situation really happens, Britain will leave the EU in the "Australian model" in January next year, but he reiterated that Britain can maintain prosperity under the disorderly Brexit.

Johnson has pointed out that this Sunday has been designated as the dead line of Brexit negotiations. However, since the two sides still failed to reach an agreement, British Prime Minister Johnson and European Commission President Ursula von der Leyen agreed to extend the negotiations after calling on Sunday.

The market is not optimistic about the results, but at least prolonging the negotiations can save a glimmer of hope. European Central Bank President Lagarde said in her speech last week that she noticed that the recent appreciation of the euro caused downward pressure on inflation.

The situation is worrying, but she added that the central bank will pay close attention to the euro exchange rate, but will not interfere for the time being. With the news of Brexit this morning, the euro fell significantly against the pound this morning.

The employment data in the United States is weak. Following the decrease in the number of non-agricultural employment in the United States announced on the 125 th, the number of people applying for unemployment benefits for the first time surged to 853,000 last Friday, far exceeding market expectations and reaching 230,000 a week earlier.

Breaking the highest level since September, the data shows that the government's measures to stop the work of enterprises on a larger scale in order to curb the epidemic are re-inducing the wave of unemployment and damaging the American economy.

However, the US$ 900 billion second-round epidemic relief measures were not approved by the two major political parties in the United States, and the US dollar index continued to weaken, falling 91 points to 90.96 again on Friday. The price of gold fluctuated last week, falling to $1822 per ounce.

The highest value was $1,875 per ounce. After adjustment, it entered consolidation, and finally closed at $1,839 per ounce, a slight increase of $1 from last week. This week is the Super Interest Rate Week. Many central banks, including Britain, the United States, Switzerland and Japan, will hold their last interest rate meeting this year.

As interest rates of central banks have been at historically low levels, it is expected that interest rates will not change. However, the press conference after the meeting may indicate that it will accept the low interest rate environment for a long time and disclose whether to increase the interest rate.

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