Weekly

May 19 th
 
Today's volatility range:

It is expected that inflation will heat up and the situation in the Middle East will deteriorate continuously, and the price of gold will become a safe-haven tool. The price of gold rose to yesterday's high of $1,875 early yesterday, and then it will not be able to rise again. The price of gold once fell to $1,863.

However, the US market weakened the US dollar due to the sharp decline in the number of new housing starts announced by the United States last month, which stimulated the gold market to rebound to 1869 US dollars and close at 3 US dollars. For the second consecutive day, the company reached a historical high in August last year

Above the created resistance line of the descending track, although the rising trend has not changed, the power is slightly insufficient, which shows that the adjustment has not been completed, so the amplitude suggested yesterday is maintained, that is, between 1856 and 1874.
 

There are 240 more confirmed cases of new coronavirus in Taiwan Province, and two more people died. The Taiwan Province government announced that all schools will be closed from today until next Friday, and civil servants will be allowed to work flexibly.

Reduce the chance of cross infection. Taiwan Province used to be the best place in the world for epidemic prevention. The worsening epidemic has once again tested the relaxation policy of the local government. According to the local political situation in Taiwan Province,

Officials who make mistakes have to resign and be accountable! Senior officials of bureau secretaries in Hong Kong seem to have the right but not the responsibility. They were asked to reduce their salaries last year, but they were kicked out by the media. After the expiration of the time limit,

That is, the reduction will be recovered from July this year, which is not only enviable, but simply enviable!

 
According to the results of the pay trend survey for civil servants' pay adjustment in Hong Kong yesterday, after deducting the incremental pay expenditure ratio, the net pay trend indicators were negative 2.04%, negative 0.54% and negative 0.68% in the upper, middle and lower levels respectively.

The government stated that it will take into account indicators, economic, financial and public factors to make decisions; Some civil servants' unions have called for the maintenance of frozen wages so as not to undermine the morale of the staff. Message to civil servants holding golden rice bowls,

You have worked at home for a long time under the epidemic, and the transportation time and money saved have already made up for this year's salary reduction. Don't be greedy! Remember, your salary comes from taxpayers,

While the unemployment rate in Hong Kong is as high as 6.8%, don't say that ordinary people are still in dire straits. Just like Cathay Pacific pilots mentioned yesterday, they all have to cut their salaries by 90% to join bus drivers or entertainers.

Shouldn't you tide over the difficulties with the citizens?

 
The war in Israel and Palestine continued. The Israeli military continued to launch air strikes against Gaza yesterday, causing more buildings to be destroyed and more civilians to be killed and injured. Palestinian armed groups also fired rockets at southern Israel to fight back.

The situation continues to escalate. According to media reports, more than 210 Palestinians have been killed in recent days, and at least 12 people have been killed in Israel. Although the United States and Russia joined in mediation before,

And urged all parties to stop the violence, but Israeli Defense Minister Ganz said that the fighting will not stop until comprehensive and long-term peace is achieved. The market is worried about inflation and the COVID-19 outbreak, but the employment data in Britain last night was ideal.

The three major indexes of European stock markets were mixed, and the DAX index in Frankfurt, Germany fell by 0.01%; CAC in Paris, France fell 0.22%; The FTSE 100 Index rose 0.03%.

 
The amount of new housing construction in the United States fell sharply last month, which shocked the stock market. However, the US government's fiscal stimulus measures gradually took effect and the long-suppressed consumption power was released. The large retailer Wal-Mart,

Macy's and Home Depot reported satisfactory results, with their share prices rising by about 3%, limiting the decline of the three major indexes in new york, with Dow Jones index falling by 0.78%, Nasdaq index falling by 0.56% and Standard & Poor's 500 index falling by 0.83%.

Gold prices rose in a narrow range yesterday, with a volatility of only $11, which was the dullest trading day since May. In anticipation of rising inflation and using the deteriorating situation in the Middle East as a hedging instrument, the gold price rose to yesterday's high of $1,875.

However, the market was afraid of heights and was unable to go up again. The price of gold fell to $1,863. Last night, the amount of new housing construction announced by the United States last month declined by 9.5%, and the US dollar weakened, which stimulated the gold market to rebound to close at 1869 US dollars, up 3 US dollars.

For the second consecutive day, the enterprises were above the resistance line of the descending track created by the historical high in August last year.

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