Weekly

January 26 th

Today's volatility range:

The U.S. dollar rebounded, the U.S. dollar index rose to a one-week high, and the market expected that the U.S. fiscal stimulus plan of Biden administration might be delayed, so the price of gold was under significant pressure.

However, the price of gold can still return to the opening price without the stimulation of other good news, and the market outlook is more promising. The federal reserve meeting on interest rates for two consecutive days starting today will be held tonight.

The results will be announced on Thursday morning, and the market is expected to keep the current interest rate unchanged, but the speech of Fed officials after the meeting may affect market sentiment. The price of gold is still subject to the resistance level of $1,864 per ounce.

It is expected that this week will still be held in 1838-1883. Today, it will still fluctuate, keeping the suggested volatility yesterday, that is, between $1848 and $1868.

SARS-CoV-2 is still raging all over the world. More than 100 million people were infected all over the world yesterday! There are 22,000 new cases in Britain. British Health Minister Xia Guoxian said that the emergence of new variant viruses in Britain,

It makes it more difficult to control the epidemic, and the whole country may need to enter the third blockade. There were 6.5 thousand new cases in Germany, and the German government extended part of the closure period. In France, more than 4,000 people were infected, and the government announced a nationwide curfew.

The anti-epidemic war, which lasted for more than a year, not only damaged the global economy, but also affected the physical and mental health of individuals, which was costly. The United Nations published the latest report "World Economic Situation and Prospects",

The report said that the global economy experienced negative growth last year, shrinking by 4.3%. The report stressed that the global economy should get rid of the impact of the epidemic and achieve sustained recovery, in addition to accelerating the production and vaccination scale of vaccines.

It also depends on the implementation of various epidemic prevention measures in various countries around the world. European Central Bank President Lagarde said at the World Economic Forum that even in the face of strict epidemic prevention and blockade measures and repeated worries about SARS-CoV-2 varieties,

The road to economic recovery will slow down, but it should not deviate. Major European stock markets fell across the board, and the German DAX index fell 1.62%; French CAC index fell 1.57%; Britain's FTSE 100 index fell 0.8%.

The House of Representatives of the United States will submit a motion to impeach former President Trump to the Senate. However, the media reported that the Republican Party's reaction to impeaching former President Trump, who has completed his term of office, is getting colder and colder, and even there are voices against it.

The possibility of Trump being impeached and convicted is greatly reduced. As a matter of fact, when people walk away from tea, Trump's ranking is lower than that of Yelun in the online search list just now. The reason is that the US Senate has voted Yellen as the finance minister.

Became the first woman in the United States to serve as finance minister. The market expects the Biden administration of the United States to increase financial assistance measures to boost the economy, but there are signs that the US fiscal stimulus plan may be delayed.

Pelosi, the leader of the Democratic Party in the Senate, said that it would take at least a month to legislate a whole aid program. The market was slightly disappointed, the new york stock market was mixed, and the Dow Jones index fell 0.12%; The Standard & Poor's Index rose by 0.36%;

Nasdaq index rose 0.69%. Yesterday, there was a volatility increase in the gold market. Most of the early days, the price of gold struggled between 1852 and 1857 dollars per ounce. When entering the European market, it broke through the boring situation and tried to challenge the resistance level of 1864 dollars.

The highest price rose to $1,868 per ounce, but the US dollar rebounded, and the US dollar index rose to a one-week high. The gold price was significantly under pressure, and the lowest price fell to $1,847 per ounce. However, in the absence of other news, the gold price gradually increased.

Finally, it returned to the opening price of $1,856 per ounce, rising and falling all day.

For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator
https://t.me/mingtakchat