Weekly

April 23 rd
 
Today's volatility range:

Gold prices fell yesterday due to the rise of the US dollar. Yesterday's test rushed to the high of $1,798 made the day before yesterday and fell back without breaking. The trend of the 4-hour chart showed a cross star, and then gradually declined.

Only when it fell to $1,777 did it rebound, just closing at the mid-axis of the rising volatility at the end of March. It is expected that today's long and short battles will be held. Today's proposed amplitude is between 1778 and 1793.
 

The employment situation in Hong Kong is still grim. Six months after the central government made concerted efforts to quell social incidents, the Census and Statistics Department released the latest unemployment data yesterday. The seasonally adjusted unemployment rate from January to March this year was 6.8%.

Although it is 0.4 percentage points lower than the 7.2% from December last year to February this year, some trade union organizations said that it is still unknown when the epidemic will end, and the government has made it clear that it will no longer provide assistance for the epidemic.

Worried that the employer might not be able to stand it, or asked the employees to tide over the difficulties with harsh conditions, saying that there had been a case of workers in catering industry asking for help, and the employer asked them to return to work, but they were paid a 60% discount!

 
While the epidemic situation in Europe is rebounding, the vaccination rates in major western European countries are constantly reaching new heights. France is the worst country in Europe, French Prime Minister Jean Castay said yesterday.

The epidemic situation in France is improving. From the medical reports, it has been known that France has experienced the latest wave of COVID-19 epidemic, and the French government is planning steps to relax the blockade measures.

But everything depends on the progress of vaccination in COVID-19. Let Castay add that it is optimistic that the government will lift domestic travel restrictions on May 3. Another positive news is about the meeting of the European Central Bank.

It is reported that the hawks of the European Central Bank did not obstruct the temporary emergency anti-epidemic debt purchase plan at the meeting, and there was no water throat phenomenon in Europe for the time being. Two news stimulate venture capital,

The three major European stock markets rose for the second time yesterday, and the DAX index in Frankfurt, Germany rose by 0.92%; The CAC index in Paris, France rose by 0.91%; The FTSE 100 Index closed up 0.61%.

 
The global epidemic continues to deteriorate, the United States tightens its travel warning again, and US President Biden plans to levy a wealth tax on people who earn millions of dollars a year, with a tax rate of over 43%, which means a hot move.

Like the Hong Kong workers mentioned above, wealthy Americans have to pay a 60% discount. If the policy is implemented, it will be unfavorable for investment. US stocks turned in a single day, and the three major indexes of new york stock market fell by about 1%.

Dow Jones index and Nasdaq index both fell 0.94%, while Standard & Poor's 500 fell 0.90%. Yesterday, the European Central Bank kept monetary policy unchanged. After the announcement of the interest rate,

When European Central Bank President Lagarde met with the media, he said that the central bank had not discussed the issue of gradually withdrawing from the bond purchase program. Words make the euro fall. On the other hand, the number of initial jobless claims in the United States last week was better than expected.

The dollar strengthened further, and the price of gold was under pressure. The lowest price dropped to $1,777 and the highest price reached $1,798 per ounce. It closed at $1,784 per ounce, down $10.

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