Weekly

February 24 th

Today's volatility range:

After the gold price rises above the psychological barrier of 1800, it will be consolidated and will be contended at the current price. Today's proposed volatility is between $1798 and $1818.

After the Chief Executive and a number of senior officials took the lead in vaccinating the domestic Kexing vaccine, the COVID-19 vaccination program was officially launched in Hong Kong. The citizens belonging to the priority vaccination group can make an appointment online from yesterday.

About 70,000 people have successfully booked two shots of vaccine, and the first shot can be given as soon as next week. The Government also announced yesterday that the order to relax the restrictions on gathering will be increased from two to four, which will take effect today. Credit agency Moody's said,

Although Hong Kong faced the impact of the epidemic and the deterioration of Sino-US relations last year, the performance of foreign investment in Hong Kong remained stable, reflecting that Hong Kong's economy has a good foundation, and it is expected that the local economy will follow the global and US economic recovery.

It is estimated that the economy will return to the pre-epidemic level in the third quarter, with annual growth of about 5%.

German Chancellor Angela Merkel said that Germany is in the third wave of COVID-19 epidemic. According to media reports, EU leaders will hold a video conference on Thursday to discuss border arrangements under the new pneumonia epidemic.

According to the obtained conference documents, as the COVID-19 epidemic is still severe, EU leaders will maintain the restrictions on non-essential tourism, but will continue to study and introduce vaccination certificates.

In order to allow vaccinated people to have greater freedom of movement in EU countries, so as to save tourism. The three major European stock markets developed individually, and the German DAX index fell by 0.0.62%; The French CAC index rose slightly by 0.22%;

The FTSE 100 Index rose 0.21%.

Fed President Powell spoke in the early morning, saying that vaccination has the most important impact on the economy. It is expected that the service industry will rebound relatively quickly and the economic prospects will improve, possibly returning to the pre-epidemic level in the first half of the year.

However, the job market is weak, and 10 million people are still unemployed. It is reiterated that the bond purchase plan will remain unchanged. The three indexes of new york stock market are mixed, traditional enterprises continue to be sought after, technology stocks bear the selling pressure, and Dow Jones index keeps rising.

Bitcoin has been adjusted downwards for 5 days, rising by 0.05%; The Standard & Poor's Index rose by 0.12%; Nasdaq index fell 2.95%. Bitcoin continued to adjust downwards, and Tesla founder Musk lost his position as the richest man in the world.

The founder of Microsoft, the former richest man, laughed and said that he would not invest in Bitcoin if he was richer than Musk. However, some people resigned and returned to their hometown, while others missed the night to catch up with the science fair. The mobile payment company Square bought 3,318 bitcoins for US$ 170 million.

US President Biden's $1.9 trillion bail-out bill is expected to pass this week. The news affected the trend of the US dollar, and the US dollar index once fell below 90 points yesterday. Gold price fluctuated yesterday, reaching a peak of $1,815 per ounce.

The lowest fell to $1,795 per ounce and closed at $1,806 per ounce, down $4.

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