Weekly

February 3 rd

Today's volatility range:

The US dollar continued to build well yesterday, which put pressure on the gold price. In addition, the upsurge of retail investors gathering to kill predators gradually faded, and the silver price dropped sharply yesterday, dragging down the gold price, which was deeper than expected.

It is expected that the change of non-agricultural employment announced later tonight will indicate the new direction of gold price, which has accumulated for more than three weeks in the range from 1940 to 1860. It is expected that there will still be ups and downs today,

The volatility narrowed in Eurasia, and today it is suggested that the volatility should be between 1832 and 1852 US dollars.

The Hong Kong Government announced yesterday that after listening to the views of the Minimum Wage Commission, the Chief Executive and the Executive Council decided to freeze the minimum statutory wage at $37.5 per hour. Secretary for Labour and Welfare Law Chi-kwong pointed out that,

It is considered that the wage level should take into account the overall economic development. Secretary Luo's statement is not unreasonable. Because of the epidemic and political factors, Hong Kong's golden lacquer signboard has gradually faded, and Hong Kong is facing economic difficulties, making it difficult for enterprises to make a living.

Even facing the tide of bankruptcy, resulting in a high unemployment rate, wage earners have to tide over the difficulties with their bosses if they want to keep their jobs. However, do civil servants who are descended from the Chief Executive who holds the golden rice bowl still do things according to the book? The Buddhist system is facing difficulties?

Civil servants work from home, so the working hours of handling affairs will inevitably decrease. They have a holiday mentality and step back. Even if they have the same work efficiency, they will at least avoid daily transportation time and money.

Secretary Law is known for his high IQ in politics. Can you make plans to make the public feel that the Government is willing to tide over the difficulties with Hong Kong?

There are more than 104 million cases of COVID-19 epidemic in the world. According to the documents of the British National Health Service, a peer-reviewed research report in the UK shows that there is a mutation in the variant SARS-CoV-2 found in the UK.

Scientists have found 11 new varieties of coronavirus E484K from more than 210,000 SARS-CoV-2 samples. Conclusion This mutant SARS-CoV-2 has a low response to Pfizer and BioNTech's COVID-19 vaccine. Experts think the findings are worrying.

The epidemic hit the global economy, and the economy of the euro zone regressed by 6.8% last year. The GDP of the euro zone in the fourth quarter of last year, which was announced yesterday, fell by 0.7% quarter by quarter, which was smaller than the market expectation of 1%, and it also fell year by year.

The decline was 5.1%, which was better than the 5.4% expected by the market. The news stimulated the major European stock markets to rise across the board, and the German DAX index rose by 1.56%; French CAC index rose by 1.86%; The FTSE 100 Index rose by 0.78%.

Members of Congress of the Democratic Party of the United States will start a relatively simple voting procedure, try to eliminate the opposition voice of the Republican Party in the Senate in a 50+1 way, and start an economic stimulus plan with a scale of $1.9 trillion proposed by US President Biden.

The investor's plan will give a green light to support the US stock market to continue its upward trend. The three major indexes of the new york stock market rose more than 1% across the board, and the Dow Jones index rose 1.57%; The Standard & Poor's Index rose by 1.39%, while the Nasdaq Index rose by 1.56%. ,

The upsurge of retail investors gathering to kill predators gradually faded, and the exchange raised the holding cost. Silver dropped sharply to US$ 26 yesterday, which dragged down the performance of gold price. With the appreciation of the US dollar, gold was even more eclipsed. Yesterday, gold not only fell to make up for the early gap.

It went down to a low of $1,829 per ounce in two weeks, and only rose to the recent resistance of $1,864 per ounce, and finally closed at $1,838 per ounce, down $22. Final advice,

Knowing that many retail investors participate in the fight against predators is based on their affection for listed companies. It is a romantic thing to ignore the return of money, but they should be careful to become tools for others. If you are willing to invest in learning, our company provides courses.  

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