Weekly

May 27 th
 
Today's volatility range:

Although the relative strength index of gold was overbought recently, it finally retreated slightly yesterday, which failed to keep the psychological barrier of US$ 1,900 at the close of the market and lost its upward trend for nine consecutive days.

But this is also expected, still optimistic about the trend of the market outlook. At least the Fed still insists that inflation is temporary and will not raise interest rates until the economy is on the right track and the job market improves.

Although there has been discussion on reducing debt purchase recently, it is still not the time for implementation in the short term. Therefore, it is very possible that gold will rise with inflation. Yesterday, the gold market declined little.

Today, the downward pressure is still there. Tonight, there are more data released in the United States, and the volatility may expand. Today, the suggested volatility is 1878-1906.
 
 
The Food and Health Bureau of Hong Kong announced yesterday that it would extend the existing social distance measures by two weeks until June 9. At the same time, the government also revealed that it is studying measures and implementation plans to restore normalcy in an orderly manner.

Among them, the progress of vaccination is crucial, so we are also considering how to provide further incentives to encourage the public to vaccinate. When chief executive Carrie Lam Cheng Yuet-ngor was asked about the "incentives" considered by the government,

When it comes to whether it includes cash or materials, her answer is honest, saying that cash and materials are inappropriate, and the following sentence is even better: "Besides, whatever the government does at this stage will only bring counter-effects".

No matter whether she made an unintentional mistake or kept her heart shut, it was just right!

 
Hong Kong stocks rose for the second day in a row and regained 29,000 points. However, the net purchase of Hong Kong Stock Connect decreased significantly, only about one tenth of the net inflow of 7.8 billion yuan the day before yesterday, to over 800 million yuan.

Hang Seng Index rose by 255 points or 0.88%. Apple recruited employees. According to its recruitment information, applicants are required to have working experience in cryptocurrency industry.

The responsibility is to deal with the "alternative payment" partnership project in Apple system. Even though cryptocurrency was just a scam at the beginning, it has penetrated into all walks of life.

Not only personal investment, but also professional fund companies and insurance companies have added cryptocurrency to their investment portfolios, and there are special cryptocurrency settlement credit cards.

Even earlier, Tesla founder and CEO Musk said that it is acceptable for customers in the United States to pay for their trams in bitcoin, although the plan is dead.

However, we can still see that cryptocurrency is too big to fail, and now Apple's implementation is also in line with market reality. However, there are still different voices in the market. What is the future of cryptocurrency? Let's talk again when we have the opportunity.

Bitcoin once rose above $40,000 yesterday and closed at $38,900, up 1.33%.

 
The three major indexes of European stock markets developed individually, and the DAX index in Frankfurt, Germany fell by 0.12%; CAC in Paris, France rose by 0.02%; Britain's FTSE 100 index fell by 0.02%. Fed officials recently

Continue to downplay the possibility of inflation out of control in the United States and ease the worry that the Fed has the opportunity to raise interest rates early. The Wall Street stock market rose across the board and the Dow Jones index rose by 0.03%; The Standard & Poor's 500 Index rose 0.19%,

Nasdaq index rose 0.59%. US crude oil inventories of 1.66 million barrels last week were better than market expectations, boosting the US dollar to return to 90 points; In addition, the U.S. Treasury Department auctioned 61 billion U.S. dollars of five-year treasury bonds last night.

The winning interest rate was 0.788% and the bid multiple was 2.49, which was more enthusiastic than last month, and caused price pressure on the 10-year treasury bonds. The yield of the 10-year treasury bonds in the United States rose to 1.58%.  

When the gold market opened yesterday, it repeatedly fluctuated between 1900 and 1910 US dollars. The highest price of gold rose to 1913 US dollars yesterday. However, the crude oil inventory data raised the US dollar and the yield of US 10-year treasury bonds increased.

Gold prices fell under pressure, with the lowest price reaching $1,891 and closing at $1,897, down $2, which not only failed to maintain the psychological barrier of 1900, but also lost its upward trend for nine consecutive days.

For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator
https://t.me/mingtakchat