Weekly

January 20 th

Today's volatility range:

Yellen, the nominee of the US Treasury Secretary, also carried out his dove image when he was the chairman of the Joint Bureau, supported the new US government to spend money to boost the economic market, and hinted at abandoning the weaker dollar policy advocated by Trump era.

Policies offset each other's influence on gold market. It is expected that the price of gold will continue to struggle between 1820 and 1850 in the short term, and it is expected to fluctuate today. The suggested volatility is between 1833 and 1850 US dollars, and it can be chased after rising above 1850.

Yesterday, it was mentioned that Lin Zheng's government had reiterated that it would not push any more aid measures, but dumped money into the sea to stir up the Lantau Project tomorrow. This has proved that the Hong Kong government is determined to stay away from the land and then allocate subsidies to Ocean Park, involving a total of 2.79 billion yuan.

However, Ocean Park closed the hong kong ocean park and sent away dolphins. Ocean Park exists in name only. Facts have proved that the Ocean World, which is operated by Hengqin across a bridge, is more competitive. Instead of saying that Ocean Park is a collective memory of Hong Kong people,

It is better to be happy than to have a one-size-fits-all value. As a place to build a house, the top of the South District has a price in the market; However, the current administration of the government is careless, as simple as the flower market of the New Year's Eve, and the administrative chaos is here!

Most senior officials have a bad attitude and lack long-term policies and commitments, let alone control the epidemic!  

SARS-CoV-2 is still raging all over the world. Germany announced at an early date that there are new strains of virus different from those in Britain and South Africa. The epidemic has once again plagued Europe. Investors are worried that Europe will extend social isolation measures, and major European stock markets have fallen across the board.

The German DAX index fell by 0.24%; French CAC index fell 0.33%; Britain's FTSE 100 index fell by 0.11%. Yellen, the nominee of US Treasury Secretary, testified in the Senate Finance Committee early this morning.

In the video, she urged members of Congress to support the large-scale rescue of the market in the rescue plan. Although this will lead to a higher debt burden, she pointed out that the proportion of expanding the scale of issuing bonds to the economy is rising, but because of the current global low interest rate environment,

The actual interest expense has not increased significantly, and it is emphasized that the benefits brought by the measures outweigh the costs. Yellen added that relief measures should give priority to benefiting small and medium-sized enterprises and helping employment, as this will be more in line with long-term interests. When it comes to tax system,

Yellen said that the tax reduction policy for large enterprises in 2017 should be abolished, but the tax rate will not return to the level before 2017. She said that the Biden administration did not want to raise taxes significantly during the epidemic. Yellen's remarks benefit venture capital,

Stimulate the rise of the three major US indexes, and the Dow Jones index rose by 0.38%; The Standard & Poor's Index rose by 0.81%; The Nasdaq index rose by 1.53%.

On the issue of the US dollar exchange rate, Yellen reiterated that the US dollar exchange rate should be determined by the market. She pointed out that the United States would not seek the depreciation of the US dollar to gain a competitive advantage, and said that it opposed other countries' manipulation of the foreign exchange market to gain a trade advantage.

It is unacceptable to describe deliberately setting exchange rate targets for this purpose. Yellen did not point out which countries manipulated their currencies. However, she mentioned that China is the most important strategic competitor of the United States and stressed that the Biden administration is cracking down on China's abuse

The determination of unfair and illegal practices, the remarks imply that Trump's China policy will be continued. Yesterday, the gold market fluctuated between $1,830 and $1,843 as expected. Yellen's remarks also carried out her dove image as the chairman of the Joint Office.

The market also expects her to support a large-scale rescue operation. On the contrary, it is the tax system that surprises the market and benefits investment. Yesterday, the lowest price of gold was $1833 per ounce, the highest price rose to $1845 per ounce, and finally closed at $1840 per ounce, up $2.

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