Weekly

April 21 ST
 
Today's volatility range:

Yesterday, the gold price tried to support the support level of $1,764, but then it rebounded strongly, showing that the upward momentum was unfinished. In terms of trend, the upside-down pattern of $1,764 can stand the test.

Instead, it is the best opportunity to enter the market, and gold prices can still be optimistic in the short term. Today, the proposed amplitude is between 1770 and 1785.

 
Chief Executive Carrie Lam Cheng Yuet-ngor attended the Boao Forum for Asia in Hainan earlier. After the meeting, she told the media that after experiencing Sino-US trade disputes, social events and Covid-19's multiple blows,

Despite the economic downturn in Hong Kong, she said that Hong Kong had passed the worst moment and estimated that Hong Kong would resume its growth in 2021, with an estimated growth rate of 3% to 5%.

As soon as her voice passed, the MPFA confronted her. According to the latest figures of the MPFA, the number of cases of hedging severance payment and long service payment in the first three quarters of last year was as high as 52,000.

The amount reached 4.59 billion yuan, a record high. According to statistics by classification, wholesale, retail and import and export trade have the largest amount of hedging funds, accounting for 18.8% of the total offset;

The catering industry took the second place, accounting for 12.1% of the total offset. In the report, more than 700 employee accounts were hedged to zero; At the beginning of the establishment of the MPF, the Government said that it hoped that wage earners would retire

There is a better guarantee. In reality, the labor's efforts seem to be "drawing water from a bamboo basket-nothing works".

 
The geopolitical tension in Europe escalated. The Ukrainian Foreign Minister said that Russian President Vladimir Putin made a misleading statement to Ukraine last Wednesday and criticized the Russian army for its border direction

Ukrainian soldiers made a provocation, saying that only severe economic sanctions can stop Russia, and that German Chancellor Angela Merkel and French President Macron agreed that Russia's behavior must be stopped.

The three major European stock markets fell more than 1% across the board yesterday, and the DAX index in Frankfurt, Germany fell 1.50%; The CAC index in Paris, France fell 2.09%; The FTSE 100 index closed down 2.03%.

Worried that the global Covid-19 epidemic is deteriorating again, and the VIX index, which reflects investors' panic, has risen by 8%, which has caused investors to make profits and leave the market. The three major indexes in new york have fallen for two consecutive days.

Dow Jones index fell 0.75%, Standard & Poor's 500 index fell 0.72%, Nasdaq index fell 0.92%. Yesterday, the gold price tried the support level of $1,764, but the dollar was weak.

The US dollar index once fell below 91 points, and then the gold price rebounded vigorously, reaching a peak of 1780 US dollars per ounce, closing at 1779 US dollars per ounce, up 8 US dollars.

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