Weekly

April 29 th
 
Today's volatility range:

The volatility of the gold market expanded yesterday, and the price of gold fell to yesterday's low of $1,763 before the US market. After the result of the interest rate meeting and the dovish remarks of Federal Reserve Chairman Powell,

Gold rebounded to $1783. Europe's economic recovery, short-term bullish euro against the US dollar, favorable for gold price. Today, Today, the amplitude is between 1780 and 1795, passing through 1795, and the market outlook gradually rises to 1820.

India has added more than 360,000 confirmed cases of new coronavirus in a single day, breaking the global record again, with the cumulative death toll exceeding 200,000, the crematorium exceeding the capacity, and the waiting time for cremation needs one day or longer.

WHO experts are even more worried that the official data of India may not reflect the reality, and more than 500 million people may be diagnosed. Countries continue to step up their support to India. China's first batch of oxygen generators arrived in India yesterday.

On the other hand, US President Biden and Indian Prime Minister Modi will provide vaccines, vaccine manufacturing machines and therapeutic drugs such as Remdesivir. Standard & Poor's said that India was due to the outbreak of Covid-19

The economy is facing permanent accumulated losses, which are estimated to be 10% of its gross national product and affect the whole world. Tightening social measures will drag down the recovery of consumer retail, airport and other industries.

 
The government has made new innovations in its anti-epidemic work, and will relax the business restrictions of restaurants and other premises on an experimental basis from now on for a period of 14 days. Accord to that so-called "vaccine bubble" published by the food and environmental hygiene bureau,

It is estimated that this policy hopes to encourage more employees in restaurants and other industries to get vaccinated by relaxing them, which is a genuine act of "grain needle". But a number of senior government officials are just hiding in ivory towers.

I don't understand that the reason for the low vaccination rate in Hong Kong is due to two words: confidence! The public not only lacks confidence in the frequent accidents after vaccination, but also has confidence in the whole government,

In particular, senior officials with decision-making power cast distrust, refused to accept opinions at the beginning of the epidemic, and some medical experts became environmental observation ambassadors; The laboratory contractors employed made mistakes again and again,

Become anti-epidemic, and eventually no one will be held accountable! If the mentality of senior officials is not corrected, it will be futile to make more innovative decisions to fight the epidemic.

 
Many European banks announced their quarterly results one after another. Except for the case mentioned yesterday that UBS lost more than USD 860 million due to a hedge fund default, the performance of other banks was better than the market expectation.

The three major European stock markets rose across the board, the DAX index in Frankfurt, Germany rose by 0.36%, and the CAC in Paris, France rose by 0.53%; Britain's FTSE 100 Index rose 0.25%. Investors bet earlier that the Fed would keep the interest rate decision unchanged.

After the results of the interest rate decision, Chunjiang Duck took profits, the three major indexes of US stocks were first high and then low, and the Dow Jones index fell 0.48%; The Standard & Poor's 500 Index fell 0.08%; Nasdaq index fell 0.28%. The volatility of the gold market widened yesterday,

The U.S. market once fell to yesterday's low of $1,763, and the Federal Reserve announced that the interest rate decision would remain unchanged. After the interest rate decision, Federal Reserve Chairman Powell said that this is not the time to start reducing the scale of debt purchase.

As economic activity has just picked up recently, it will take some time to reach the standard. Powell's remarks caused the US dollar index and the yield of national debt to fall, and the gold price immediately rebounded to the highest price of US$ 1,783, closing at US$ 1,782, up US$ 6.

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