Weekly

April 14 th
 
Today's volatility range:

Under the strong demand for US 30-year government bonds, the yield of 10-year government bonds fell by more than 2.5% yesterday, stimulating the price of gold to rise by 1,749 US dollars and closing back to the box that has been consolidating for a long time

The medium high is $1,746, which is expected to remain volatile today. Today's proposed amplitude is between 1734 and 1755.
 

China's General Administration of Customs announced the total import and export volume in the first quarter yesterday, with a figure increase of nearly 30%. A spokesman for the General Administration of Customs of China said that although the global epidemic continues to repeat, China's foreign trade

The quality has been continuously improved, and the import and export with major trading partners maintained growth in the first quarter, among which the import and export of ASEAN and EU increased by 26% and 36% respectively in the first quarter, while those of the United States and Japan increased by 61% and 20% respectively.

It is worth mentioning the influence of RMB exchange rate. According to the authorities' data, if imports increase by 28% in US dollars, exports will increase by 49%. However, if they are denominated in RMB,

Import and export only increased by 20% and 38% respectively; It shows that the weak RMB exchange rate still maintains China's advantage in global trade, but it has been getting closer recently.

The U.S. Treasury Department will complete the semi-annual exchange rate policy report on Thursday. It is reported that U.S. Treasury Secretary Yellen will not list China as a currency manipulator.

 
The US fiscal deficit reached a record high of US$ 660 billion in March, which was higher than the market expectation of US$ 658 billion, mainly because the US government distributed a total of US$ 339 billion to the whole people during the period.

European and American stock markets generally rebounded. The DAX index in Frankfurt, Germany rose by 0.18%, and the CAC index in Paris, France rose by 0.36%; The FTSE 100 Index rose 0.03%. The three major indexes of U.S. stocks developed individually.

Dow Jones index fell 0.2%, Standard & Poor's 500 index rose 0.33%, Nasdaq index rose 1.050%. The U.S. Treasury Department auctioned 24 billion U.S. dollars of 30-year treasury bonds last night, which showed strong demand for long-term debt.

The bid multiple of the direct bidder is 2.47 times, which is higher than the bid multiple of 2.28 last month, and the winning interest rate is 2.32%. After the announcement of the auction results, the price of ten-year US Treasury bonds was stimulated to go up.

The yield of 10-year treasury bonds was adjusted back to 1.62% at most, with a drop of more than 2.6%, which benefited the gold price, with the highest price of USD 1,749 per ounce, and the lowest price of gold yesterday was USD 1,724 per ounce.

It closed at $17462 per ounce, up $11.

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