Weekly

May 21 ST
 
Today's volatility range:

The gold market continued to be built well yesterday, and it has been rising for six trading days before you know it. The gold price was slightly adjusted during the Asian market yesterday, with a minimum of $1864 and a maximum of $1884, with a volatility of $20.

The United States announced last night that the economic data was uneven and the job market continued to improve; However, the manufacturing index of Philadelphia Federal Reserve in the United States showed a sharp retrogression from last month, and its figure was far below market expectations.

Weak manufacturing data caused the US dollar index to fall below the 90-point level, and the gold price surged. The upward and downward support of the trend gradually moves up, but the upward resistance is gradually becoming obvious. It is expected that it will still be a consolidation pattern in the near future.

Buy low and sell high. Today's proposed amplitude is between 1866 and 1888.
 
 
The employment situation in Hong Kong has further improved. The latest unemployment rate released by the Census and Statistics Department has dropped by 0.4% to 6.4%. Secretary for Labour and Welfare Luo Zhiguang said that with the local epidemic slowing down,

The labor market will gradually improve. Some scholars say that the rate and speed of unemployment rate decline are unexpected, and that if the epidemic situation does not worsen, I believe the peak of unemployment rate in Hong Kong has passed.

The news didn't play a positive role. The Hang Seng Index closed down 0.50% yesterday. Australia imposed an unprecedented ban on epidemic prevention in March last year, prohibiting foreign tourists from entering the country and prohibiting Australians from traveling abroad.

Nowadays, the epidemic has almost disappeared in Australia, and people's lives have gradually returned to normal. However, the measures have caused the population of this country to decrease to the lowest level since the First World War.

The reason is that tens of thousands of Australian citizens are still forced to stay overseas without returning home. What worries these people who can't return to their homes is that Australian Prime Minister Morrison spoke yesterday.

He said that the epidemic this year is more severe than last year, and he plans to lock up the country for another year.

 
In many European countries, the newly crowned epidemic situation gradually eased, and began to relax the domestic epidemic prevention measures one after another. On Wednesday, the ambassadors of the 27 EU member States unanimously agreed to accept the proposal to relax restrictions on travel to the EU.

People who have been vaccinated against any four COVID-19 vaccines approved by the European Drug Administration, namely Pfizer, Johnson & Johnson, Mardner and AstraZeneca, are allowed to travel within the EU.

The EU's move will further boost the European economy, because Europe relies heavily on tourism. In 2019, Europe accounts for about 50% of the total number of international tourists in the world, while the income from tourism accounts for 10% of the EU's overall economy.

It can be seen that it is important. The three major indexes of European stock markets rose across the board, and the DAX index in Frankfurt, Germany fell by 1.66%; CAC in Paris, France fell 1.29%; The FTSE 100 Index rose 1.01%.

Some media reported that the cabinet of the Israeli government agreed to cease fire in Gaza, but it must be unconditional. The news has not been officially confirmed yet. But at least there is a chance to stop escalating and hurting innocent people.

 
Technology stocks rebounded, leading the overall stock market atmosphere. new york's three major indexes rose comprehensively, Dow Jones index rose 0.55%, Nasdaq index rose 1.02% and Nasdaq index rose 1.77%.

The gold market continued to build well yesterday, and the gold price was slightly adjusted during the Asian market session, reaching a minimum of US$ 1,864. The economic data released by the United States yesterday was uneven. The number of people applying for unemployment benefits for the first time in the United States last week was slightly higher than expected.

Reflect that the job market continues to improve; However, the Philadelphia Federal Reserve Manufacturing Index reported 31.5 points, which was significantly backward from last month's 50.2 points, and its figure was far lower than the market expectation of 43 points. The US dollar index fell below 90 points.

The price of gold rose to yesterday's high of $1,884, and finally closed at $1,877, up $7.

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