Weekly

April 16 th
 
Today's volatility range:

The United States sanctioned Russia, and geopolitical tensions warmed up the market risk aversion, overshadowing a series of favorable economic factors yesterday. The gold price successfully rose through the April 9 challenge yesterday

The $1,764 mark, but the market closed just at that position, which is a crucial moment for the test and the reversal of my top and bottom. Geopolitical conflicts cannot be easily solved in a day or two.

How Russia responds is another key. In the case of political chaos, the gold price is optimistic in the short term. Today's proposed amplitude is between 1758 and 1773.
 

A few days ago, the government issued the conditions for the reopening of bars. The basic conditions are that all employees and customers of the playing bars have been vaccinated with the first dose of COVID-19 vaccine, and people who patronize bars must use it

The "Travel with Peace of Mind" program is recorded. If the bar industry accepts these business terms, it can be reopened as soon as next Tuesday. Yesterday, representatives of the bar industry strongly opposed the harsh conditions for resuming business.

Moreover, the restrictions on receiving customers are difficult to implement, and bars are difficult to survive. It is expected that the industry will close down on a large scale within two months, and the unemployment rate is bound to rise.

The Hong Kong Government has reopened restaurants, bars and other industries and increased business conditions to tie up employees and customers for vaccination, which has directly led to tension between employers and employees!

Following the news that a chain restaurant group asked all restaurant employees to take the first shot within this month, otherwise they would be suspended from work, resulting in a dilemma of choosing between taking injections and losing their jobs.

Many wage earners in the market have mentioned the construction industry safety propaganda statement made by the government many years ago: "It's better to eat than to fight for your life. 」

I can imagine how much people trust the vaccine obtained by the Chief Executive begging the Central Authorities!

 
Last night, the economic data released by the United States was ideal. Last week, the number of people claiming unemployment benefits for the first time in the United States fell to a new low of 567,000 after the outbreak of the epidemic.

The Philadelphia Federation's manufacturing index also reached 50.2 points last month, both of which were better than market expectations. The data benefited the stock market and the three major indexes of US stocks rose across the board.

For the first time, the Dow Jones index rose above the 34000 mark, closing up 0.90%, the Standard & Poor's 500 index rose 1.11%, and the Nasdaq index also rose to an all-time high, up 1.31%.

The three major European stock markets also reported full success. The DAX index in Frankfurt, Germany rose by 0.36%, and the CAC index in Paris, France rose by 0.41%; The FTSE 100 Index rose 0.67%

In retaliation for Russia's alleged interference in last year's US election, the United States announced last night that it would impose a series of sanctions on Russia, blacklisting many entities and individuals.

Many Russian diplomats were expelled from the country and financial sanctions will be imposed. The price of U.S treasury bonds rebounded, and the yield of the benchmark 10-year treasury bonds fell below 1.6%.

After the news of sanctions, the price of gold rose sharply, with the highest price of $1,769 per ounce, and the lowest price of gold reached $1,734 per ounce, closing at $1,764 per ounce, up $28.

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