Weekly

May 26 th
 
Today's volatility range:

Benefiting from the decline in the yield of US dollars and US 10-year treasury bonds, the gold price finally rose above US$ 1,900 before the US market closed yesterday. The gold market not only kept a record of rising for nine consecutive days,

It closed at close to yesterday's high of $1,899, the highest closing price since January 8, fully demonstrating that bulls have dominated the future of the gold market. The news of peace in the Middle East was digested on Monday,

However, the epidemic situation in Europe and America is slowing down, the global market recovery has just started, and the demand for bulk commodities is tight, so gold will also rise. Although gold is overbought in the relative strength index recently,

There is an opportunity to adjust in the short term, but it is still bullish. The next target is 1928/47, and the stronger support is 1872/67. Today, the proposed amplitude is 1888-1906.

There are large industrial and commercial property insurance companies in the latest global resilience index published yesterday. The top three best regions in the world are Denmark, Norway and Luxembourg in order.

Hong Kong's ranking was surpassed by Singapore for the first time in the same survey. Singapore was ranked as the most resilient economy in Asia, and its global ranking rose by 10 to 12 th; On the contrary,

Hong Kong's ranking dropped 7 places from the original 19th to 26th. According to the analysis of the company's report, Hong Kong's global ranking declined mainly because of the political tension, which increased political risks.

In recent years, Hong Kong has once again lost to Singapore, a competitor with similar land area and scarce resources in different fields.

The RMB reached a high level in the past three years, which contributed to the national team's efforts to support the market. Hong Kong Stock Connect recorded a net purchase amount of HK$ 7.8 billion, and the Hang Seng Index rose 498 points or 1.75%, which was the closing high in the past month.

Yesterday, the Mainland Development and Reform Commission publicly announced the notice on the action plan for deepening the reform of the price mechanism during the 14 th Five-Year Plan period, which aims to strengthen the price control of people's livelihood commodities; And improve the rice,

The minimum purchase price policy of wheat and other grains; Improve the cotton target price policy; Do a good job in dealing with price changes of bulk commodities such as iron ore, copper and so on. However, the global market has just started to recover, and the demand for bulk commodities is tight.

Some global banks think that the bulk commodities have not yet risen, which means that the Chinese government has not seen many practical actions to regulate market prices for the time being. In fact, apart from the price subsidy law,

There are not many things that can be created, so we can't use the policy of reducing supply to run counter to President Xi's "China's economic dream". Therefore, the policy will face great challenges.

 
The situation in the Middle East is slowing down. After two weeks of fighting between Israel and Palestine, a cease-fire agreement was finally reached under the mediation of the United States. Both sides abide by the agreement and no longer attack each other with artillery fire, but there are still sporadic conflicts on the border.

When visiting Jerusalem yesterday, US Assistant Secretary of State blinken said that the United States will strive to expand economic opportunities for Palestinians in Gaza and the West Bank and solve the humanitarian situation in Gaza first.

So as to solve the cycle of war and explosive force in Gaza. It is reported that Israeli Prime Minister Benjamin Netanyahu has agreed in principle to cooperate with the international community to improve the humanitarian situation in Gaza and the entire Palestinian economy.

But he warned that if Hamas took the lead in breaking the ceasefire agreement, Israel would respond forcefully. The COVID-19 epidemic in Asia continues, and only over 200,000 new virus-infected people in India yesterday have fallen back;

The Japanese epidemic is still out of control. Yesterday, 3.6 thousand more people were diagnosed with Covid-19, and many regions asked the central government to extend the emergency declaration. The Japanese government stressed that no epidemic will not affect the Tokyo Olympics;

There were 281 local cases of new crown virus infection in Taiwan Province, Taiwan Province in a single day, and there were also cases in Taitung County yesterday. So far, all counties in Taiwan Province have been captured by the virus, and the Taipei government announced to extend the three-level alert until mid-June.

 
European Commission President Ursula von der Leyen said that vaccination has developed steadily in Europe. At present, 46% of EU adults have been vaccinated with at least one dose of COVID-19 vaccine, and the goal is to complete vaccination for 75% of EU adults by the end of July.

The European Union plans to launch an electronic vaccine certificate on July 1, which will facilitate residents' exchanges between member countries and restore tourism. 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 overall economy of the EU.

It can be seen that it is important. The three major indexes of European stock markets developed individually, and the DAX index in Frankfurt, Germany rose by 0.17%; CAC in Paris, France fell 0.28%; Britain's FTSE 100 index fell 0.34%. Wall Street stock market went down,

Last month's consumer confidence index and new home sales in the United States released yesterday were worse than market expectations. new york's three major indexes reported losses in an all-round way, and Dow Jones index and the Standard & Poor's 500 Index both fell by 0.25%.

Nasdaq index rose 1.41%. The lowest price of gold in the Asian market was $1,873, but due to the unfavorable economic data of the United States, the US dollar index continued to fall yesterday, closing at 89.64 points, the yield of the US 10-year treasury bond

It even fell to the level of 1.55%. The gold price finally rose above $1,900 before the US market closed yesterday, and closed at $1,899 close to yesterday's high, rising by $17, maintaining the upward trend for the ninth consecutive day.

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