Weekly

Correct step

2021-04-15

April 15 th
 
Today's volatility range:

The yield of US Treasury bonds rose slightly yesterday, which has become the biggest factor affecting the price of gold without other important data. The trend of gold prices is still consolidating for a long time

Running in the $1720 and $1746 boxes, it is expected to still fluctuate today, and it can still continue to buy low and sell high in Asian time. Today's proposed amplitude is between 1731 and 1746.
 

In view of the new confirmed cases imported from Egypt, Pakistan and India in Hong Kong. Yesterday, the government began to implement the tightened restrictions on passenger airliners arriving in Hong Kong.

The newly added regional flight restriction measures will also take effect at the same time, in order to cope with the import of variant virus strains from high-risk areas. Measures include limiting a total of seven days

There are five or more passengers who have been confirmed by arrival testing. No matter any airline, if there are five passengers in seven days, the government will ban all those who come to Hong Kong from the region

Civil airliners will land in Hong Kong for 14 days, and at the same time, the relevant areas will be classified as extremely high-risk areas, and people who have stayed in the area for more than two hours will be prohibited.

Boarding any passenger airliner coming to Hong Kong for a period of 14 days, so as to avoid people from relevant regions from arriving in Hong Kong via transit.


 
In fact, in the past two days, the global COVID-19 epidemic has rebounded again, and India added about 200,000 cases yesterday, which is not surprising. The Government is taking the right steps against overseas travellers.

In order to save the tourism industry, the EU reached a consensus on the draft legal provisions of the "vaccine passport". The article mentions that the certificate will prove that the holder has been vaccinated against COVID-19.

Those who test negative for virus or who are immune to virus after recent recovery can travel freely between EU countries without quarantine.

The draft also encourages governments to recognize all COVID-19 vaccines approved by WHO for emergency use and health certificates issued by non-EU countries.

So as to resume foreign tourism to and from the EU. The three major European stock markets developed individually. The DAX index in Frankfurt, Germany fell by 0.17%, and the CAC index in Paris, France fell by 0.40%;

The FTSE 100 Index rose 0.71%.


 
Federal Reserve Chairman Powell made a big speech yesterday, saying that most Fed officials thought that they would not raise interest rates before 2024, but his follow-up was remarkable.

He said that although the possibility of raising interest rates before the end of 2022 is very small, it should actually be based on the results rather than the bitmap, and the reduction of quantitative easing policy

Probably ahead of the rate hike. He hinted that he would not kill the possibility of cutting quantitative easing early. The three major indexes of US stocks also developed individually, with the Dow Jones index rising 0.16%.

The Standard & Poor's 500 Index fell 0.41%, and the Nasdaq Index fell 0.99%. The yield of US Treasury bonds rose slightly yesterday, forcing the price of gold to fall, with the highest price of gold hitting $1,749 per ounce.

The lowest price of gold was $1,732 per ounce, and it closed at $1,736 per ounce, down $6.

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