Weekly

efficiency

2020-12-31

Today's volatility range:


There is a strong holiday sentiment in the market. It is expected that the short-term US dollar trend will dominate the gold trend. Yesterday, the US dollar continued to decline, causing the gold price to rise. The gold price has risen above the early proposal and is expected to challenge the resistance of 1900. Today, the volatility is between 1885 and 1905 US dollars.

2020 is coming to an end, so I wish you all progress in the New Year! Looking back on this year, too many unpleasant things happened, but strange things happened every day. I heard an interesting story yesterday, but after listening to it, I was cold behind me; It is hard to imagine that in Hong Kong, once known as the freest shopping mall,

Unexpectedly, it made a big joke, that is, when Party A sells the property with Party B, it must obtain the consent of Party C without any role in advance! Is Party C provoked by survey professionals who are proficient in language arts? Or intentionally cut leeks? Not clear! But as soon as the precedent is set,

It will definitely damage the image of Hong Kong. In the future, will foreign investors have the confidence to invest in Hong Kong? As for the government departments that fully cooperate with each other, they sincerely believe that the rules are like this, and they only act according to the rules. Before that, similar cases did not make the same requirements, which was a mistake.

It's hard to say! However, they have stifled the long-standing system left by the British Government, and the whole people of Hong Kong will find the price in exchange.


The Brexit negotiations finally won the agreement between the two sides on Christmas Day, and a bill was drafted. The process was smooth and efficient. European Commission President Ursula von der Leyen and European Council President Michel signed an agreement earlier in Brussels, the EU headquarters.

It was handed over to British Prime Minister Johnson for signature, and Johnson immediately signed it and submitted it to the House of Commons of the British Parliament for voting. The House of Commons also approved the agreement by a large majority, and the agreement will be sent to the House of Lords for voting. It is expected that it will also be passed and become law on the same day.

The agreement will take effect temporarily from New Year's Day and will not take effect permanently until it is passed by the European Parliament early next year. Although the barriers to Brexit were cleared, the major European stock markets fell across the board yesterday, investors took profits and lost pounds before the New Year, and the German DAX index fell 0.31%;

French CAC index fell 0.22%; Britain's FTSE index fell 0.71%.


The second bail-out bill of the United States is divided again. Although US President Trump has signed the bill and requested that the cash cheque for helping citizens be raised from $600 to $2,000, it is rare for the hostile US House of Representatives to pass support for Trump's request.

Instead, the Senate, controlled by the Republican Party, rejected the request. McConnell, the majority leader of the Senate and a party friend of Trump, has rejected the proposal of minority leader Schumer to vote on the $2,000 check. McConnell said,

It is impossible for the bill issued by the US House of Representatives to issue a check for US$ 2,000 to be passed quickly in the Senate. However, investors expect that the United States will introduce more fiscal stimulus measures after Biden's entry. The new york stock market has risen across the board, and the Dow Jones index has risen by 0.13%;

The Standard & Poor's 500 Index rose by 0.24%; Nasdaq index rose 0.15%. The US dollar fell against many foreign currencies yesterday, hitting a new low against Euro, New Zealand dollar and Australian dollar in more than two years. The US dollar index reported 89.63 points yesterday, supporting the upward trend of gold. The lowest price of gold yesterday was 1876 US dollars per ounce.

It closed at yesterday's high of $1,894 per ounce, up $16.

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