Weekly

June 4 th
 
Today's volatility range:

Earlier, it was analyzed that the dilemma of the Fed's interest rate hike lies in the fact that the inflation rate has exceeded the upper limit of the Fed, but the job market is lagging behind. Only by constantly diluting the runaway currency, the employment data has caught up.

The market is worried that the Fed will speed up its contraction. It is normal for the gold market to adjust sharply yesterday. From the beginning of May to June 2, the price of gold has risen by more than 100 US dollars, and yesterday's adjustment was ideal.

Today, there are still US non-agricultural data. Yesterday's trend shows that the price of gold has strong support at 1864 US dollars. For example, the performance of non-agricultural data tonight is significantly better than market expectations, and the price of gold may jump above 1864 US dollars

It's $1853 to try. However, since yesterday's small non-agricultural industry has made enough shocks last night, today's suggested volatility is 1865-1874.

Fubitai vaccine is allowed to be used by younger people in the United States and Europe respectively, and the age is reduced to 12 years. The Secretary for Food and Health, Chen Zhaoshi, made reference to the Advisory Expert Committee

Based on the opinions and local conditions, it was decided to lower the lower age limit for vaccination of Fubitai from 16 to 12. However, the vaccination rate in Hong Kong has increased recently, and many merchants have offered vaccine concessions.

The most striking thing is that some real estate developers have offered buildings worth HK$ 10 million to encourage Hong Kong people to get vaccinated. Whether the government's face can be preserved in a two-pronged manner depends on the vaccination rate in the next two months

At the end of May, the Hong Kong Government still complained: "The service life of the current stock of Fubitai vaccine will expire in mid-August this year. If the vaccination amount is not enough to offset the stock, it will be wasted."

Precious vaccine. 」

 
Recently, the central government has spared no effort in suppressing overheating of the economy and appreciation of the renminbi. After announcing earlier that the foreign exchange deposit reserve ratio of financial institutions would be raised by 2 percentage points in mid-June, it made another move yesterday. According to media reports,

China's two major policy banks re-issue domestic US dollar bonds after a few years, so as to tighten domestic US dollar liquidity and ease the rapid rise of RMB. Although China has frequently intervened in RMB appreciation in recent days,

However, there is still no obstacle to the inflow of foreign capital into China. Russian Finance Minister Siluanov said that he is planning to sell out all the US dollar assets of Russian sovereign funds and shift the focus to RMB, Euro and gold.

The warehouse transfer can be completed within one month at the earliest. In addition, some analysts believe that RMB is on the rising track, because with the worsening epidemic situation in India and Vietnam, more and more orders are being transferred to China.

It is expected that the offshore RMB will continue to rise within one year.

 
Hong Kong stocks fell for the second consecutive day yesterday, and Hang Seng Index fell 1.13%. The economic data released by the Eurozone yesterday generally met market expectations, and the three major European stock markets developed individually, with the German stock market rising for three consecutive days.

The British stock market ended its three-day uptrend. The German DAX index fell by 0.07%; The CAC index in Paris, France rose by 0.34%; The FTSE 100 Index rose 1.03%. Last night, the United States announced that the economy was leaning towards economic recovery.

First, the number of non-agricultural employees changed in May, and the data showed that 978,000 new jobs were added, which was the highest since June 2020. From the classification of the report, it can be seen that the service industry alone increased 850,000 jobs.

Among them, the industries with the largest growth are leisure and hotel industry, with an increase of 440,000 over the previous month. In the United States last month, the Institute of Supply Management's non-manufacturing purchasing managers' index was announced at 64 points, which just supported the US service and

The pace of retail recovery is accelerating. Another employment data released later also reflected that the job market was booming and the number of unemployed people decreased. The number of people applying for unemployment benefits for the first time in the United States last week recorded 385,000.

It set a new low since the week of March 14th last year, and it was the first time that Covid-19 fell below 400,000 people after the outbreak in the United States.

 
Last night, the latest economic data in the United States showed satisfactory performance, among which the employment data was even more outstanding. Earlier, it was analyzed that the dilemma of the Fed's interest rate hike is that the inflation rate has exceeded the upper limit of the Fed, but the job market

However, it is far behind. Only by constantly diluting the out-of-control of currency, the employment data is catching up. The market is worried that the Fed will speed up the contraction. The three major indexes of the Wall Street stock market have reported losses in an all-round way. The Dow Jones index fell 0.07%, which is the standard

The 500 index fell 0.34%, and the Nasdaq index fell 1.03%. Yesterday, the price of gold was greatly adjusted, and the highest price today is $1910. The US economy is singing the tune of recovery. The economic data released last night showed an overall improvement.

The yield of U.S. dollars and 10-year government bonds rose, and the price of gold jumped above the level of 1870 dollars, reaching a minimum of 1865 dollars yesterday, and finally rebounded to close at 1871 dollars, still falling by 37 dollars.

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