Weekly

Today's volatility range:

At the end of the holiday, it is expected that the US dollar will remain weak in the short term. Last trading day, the price of gold repeatedly hit the resistance of US$ 190, and it is expected to break through the resistance zone today, with the fluctuation ranging from US$ 1906 to US$ 1922 today.

Entering 2021, I wish readers a new year's progress, and investment will increase with interest! If we insist on summing up 2020 in two words, we can say: "Virus. First, push the time back to December 2019.

A new virus that can cause severe infectious pneumonia was first discovered in Wuhan, Hubei Province, China, and the city was closed immediately in China. Unfortunately, there are still people infected with the virus who left Wuhan before closing the city, and quickly spread to many countries around the world in early 2020.

Gradually turned into a global catastrophe. Under the threat of death, the global government was helpless. The world economy almost stopped at the beginning of 2020, which triggered a global stock market crash. The US stock market was blown off many times. On April 20, 2020,

The US crude oil futures market keeps falling, and drops to a record low of $37.63 per barrel, shaking the investment community! According to a report released by the Asian Development Bank in early May, due to the epidemic situation in novel coronavirus,

The global economic loss is as high as 8.8 trillion US dollars, which is close to one tenth of the global GDP!

In order to save the economy, the global central banks implemented quantitative easing, issued bonds and printed money. By the end of 2020, the United States, the European Union, the United Kingdom and Japan, among the five largest economies in the world, had issued additional currencies worth 22 trillion US dollars. What is the concept of 22 trillion US dollars?

That is, it is almost equivalent to the economic benefits of the United States for one year. In addition to quantitative easing, central banks of various countries have also cut interest rates one after another. The Federal Bank of the United States has lowered the fund interest rate to 0-0.25%, while the European Union has joined the negative interest rate club.

With low interest rates and depreciation of cash, all kinds of assets are rising, and the European and American stock markets still hit a record high in 2020 without economic recovery and unsatisfactory employment situation. On the other hand, gold also broke the record high in 2011 in August last year.

Innovation to $2,075 per ounce; Bitcoin, another emerging investment tool, has also reached a new high, approaching $30,000 per piece at the end of 2020, and rose to a maximum of $34,800 per piece yesterday, with a staggering increase!

However, the US president is about to change his term, and Janet Yellen is a dove. It is expected that the US dollar will continue to be soft, and the current quantitative easing policy will lead to inflation. The Federal Reserve has also announced in advance that the low interest rate policy will not end before 2023. If the policy is further relaxed,

The value of cash will only be lower, and the monetary policies of various countries are led by the United States. Under the flooding, investors will bet everywhere to avoid the cash they hold being eroded by inflation. Looking forward to 2021 is still a great opportunity for investment.

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