Weekly

May 12 th
 
Today's volatility range:

The price of gold took on the earlier uptrend yesterday, and with the escalation of the situation in Israel and Palestine, gold became a safe-haven asset, but the data of the US job market was repeated, and there was a paradox that some people had no work and no one was beaten;

The United States just announced last week that the number of non-agricultural employment declined last month. Yesterday, the US labor mobility survey reported that the number of job vacancies increased by 597,000, accumulating to 8.12 million.

It was the highest record since December 2000 when the data came out. When the data hit the gold price, it quickly returned to US$ 20, but when it reached US$ 1,818, it attracted a lot of buying to form a rapid rebound. The long tail cross star appeared yesterday.

It shows that the uptrend has not changed. As long as the central axis of the downtrend derived from the historical high in August last year is maintained, it is still generally improving. There are not many important data this week, depending on the reflection of the price index on inflation.

However, officials of the Federal Reserve Bureau are still saying that inflation is caused by short-term overshooting, and there should be no short-term interest rate increase. The gold price can still be seen as higher, and the target of $1,848 in the next stop remains unchanged. Today's proposed amplitude is between 1825 and 1843.
 

Hong Kong reappeared for the fourth consecutive day with zero local diagnosis yesterday, showing signs of abating. The Education Bureau announced yesterday that all primary and secondary schools, kindergartens and tutorial schools in Hong Kong will start from the 24th of this month,

Full restoration of the half-day teaching arrangement, in order to avoid students eating out, the class time is still limited to only half a day. The education sector welcomed the government's arrangement, and some students also expressed their wish to go back to school to meet friends and study as soon as possible.

There are also young students who say that they can really have their summer vacation when they return to school. On the other hand, Chief Executive Carrie Lam Cheng Yuet-ngor rarely apologized to the public. Recently, new varieties of viruses flowed into the community, and the government forced the residents of the same building in the patient's house to be sent

The quarantine center arranged by the government has caused a large number of complaints from residents, including poor sanitary environment and difficulty in importing food, and it has been verified that it was handled by a workplace with a previous record of food poisoning.

In response to a reporter's question, the Chief Executive said that this was caused by the lack of time for bidding. Such a low-level explanation washed her image of being easy to fight. What is even more rare is that her face was not red and her ears were not hot when she spoke.

After years of training, it is really thick-skinned!

 
War broke out in the Middle East, and Palestinian and Israeli police clashed at the Al-Aqsa Mosque in Jerusalem on Monday, triggering the most serious conflict between Israeli and Gaza armed groups since 2019.

Yesterday, a residential building in the Gaza Strip collapsed after being attacked by Israel. After Israel attacked Gaza, Hamas, the leader of the Palestinian Islamic Resistance Movement, claimed to have fired at Tel Aviv, Israel

130 rockets in retaliation. Later, Israel indicated that it had deployed 80 jets to bomb the rocket launch site in and around Gaza City in response. With the escalation of the Israeli-Palestinian situation, the war situation is even more out of control.

The situation is worrying. Yesterday, a small-scale stock market crash broke out in the global stock market except the mainland. It is expected that inflation will rise sharply and the valuation of technology stocks will become the target of selling. Ark Investment, which is known as "Lian Deng Qima" or "Wood Sister"

Cathie Wood, the founder, also said that the decline of technology stocks was not finished, and Asian stock markets generally fell, with Japanese and Taiwan Province stock markets falling by 3.08% and 3.79% respectively, while others fell by 0.7% to 01.2.

Wang Xing, chief executive officer of Meituan, said that the stock price fell 5% again yesterday, and the market value evaporated by nearly 400 billion in 10 days, which brought trouble to a large number of high-tech stocks. As a result, the Hang Seng Index failed to operate and closed down by 2.03%.

 
Technology stocks fell, the three major indexes of European stock markets fell across the board, and the DAX index in Frankfurt, Germany fell 1.86%; CAC in Paris, France fell 1.82%; Britain's FTSE 100 index fell 2.47%. Dragged by the decline in highly valued technology stocks,

The three major indexes of new york stock market fell across the board. Dow Jones index fell 1.36%, Nasdaq index fell 0.09%, and Nasdaq index fell 0.87%. Expected inflation to heat up, gold price took on the earlier rising trend yesterday.

Coupled with the war in the Middle East, the situation between Israel and Palestine escalated, which enhanced the attractiveness of gold. The price of gold was as high as $1,841 yesterday. However, the increase of job vacancies in the US labor mobility survey report released last night was better than the market expected, and the figures fluctuated after being released.

The lowest price was $1,818, but going to this support position attracted a large number of bulls to enter the market, and finally closed at $1,837, rising by $1, keeping the five-day continuous rise.

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