Weekly

June 17 th
 
Today's volatility range:

The results of the Fed's interest rate decision at 0: 00 this morning remain unchanged, but the bitmap shows that more members prefer to raise interest rates earlier, and members also expect to raise interest rates twice in 2023. As soon as the Fed's statement came out,

The yield of US dollar index and US 10-year treasury bonds soared by 1% and 5% respectively. However, yesterday, it was said that the gold market was getting worse, and the repeated declines in gold prices had absorbed the upward force accumulated since May.

Or to test the support of $1844. However, I can't believe that this support position is so vulnerable, and the price of gold keeps dropping, and only when it drops to the Faber gold ratio of 1: 1 (AB = CD) does it rebound slightly.

Because yesterday's decline was too large, it is expected to rebound today, with the maximum drop of 60 dollars and one third of the price yesterday, with the target of 1824 dollars. Today, the proposed amplitude is 1807-1824.
 

 
Yesterday morning, the essay just mentioned that the Hong Kong administration team does not have the concept of governing the country like cooking a little fresh food, and measures the meaning everywhere, reaching out to manage everything. Another incident yesterday confirmed that what was said was true. The Chief Secretary for Administration, Mr Matthew Cheung Kin-chung,

We are reviewing the legal aid system and hope to have results before the end of the year. Before the incident, Dr. Kuo Chai criticized the Legal Aid Department for overcharging and wasting public money. However, the Honourable Member may not have done enough homework and the Legal Aid Department published it afterwards

He did not criticize by name, saying that the examination and approval of all applications for legal aid had already followed the existing procedures, and hoped that other people would not jump to conclusions. The percentage of seats won from all successful cases approved by the Legal Aid Department exceeded 70%. Judging from the results,

How can the LAD be regarded as overcharging? But if you want to add sin, you won't get away with it! Yesterday, some Legislative Council Members made it clear that legal aid should not be granted for certain types of cases. Although Hong Kong returned to China for the second time on July 1 last year,

Become more like other parts of the motherland! However, we must know that Hong Kong is still implementing the common law. Before the court has made a judgment, the suspect is presumed innocent. If the innocent person is charged, there is no place for justice

Let's ignore their power! Anyway, I think Hong Kong is very ill!

 
Foreign direct investment data released by the mainland last month fell by 3.2% month-on-month, dragging down Hong Kong stocks and falling for seven consecutive trading days. Yesterday, Hang Seng Index fell by 0.7%. With the ideal progress of vaccination program,

The COVID-19 epidemic in France returned to about 3,000 cases per day, the lowest since August last year, and the improvement was faster than the French government expected. Yesterday, the French government announced that it would lift the curfew from this Sunday.

Most parts of the country will also cancel the requirement of people wearing masks outdoors from tomorrow. The curfew was lifted 10 days earlier than originally expected by the government. The three major European stock markets developed individually, among which the British stock market rose for five consecutive days.

The German DAX index fell by 0.14%; The CAC index in Paris, France rose by 0.20%; Britain's FTSE 100 Index rose 0.18%. The Federal Reserve announced the results of the interest rate decision at zero this morning. As expected by the market, the US Federal Open Market Committee

It will be decided to keep the interest rate unchanged from 0 to 0.25%, but from the bitmap, more officials prefer to raise interest rates early. It is expected that there will be 7 members who will start raising interest rates in 2022, three more than the previous quarter; It is expected to start raising interest rates in 2023

There are 13 members, 6 more than last season.

According to the bitmap, members expect to raise interest rates twice in 2023, and the rate of raising interest rates will be faster than the market expectation. Although the Fed did not suggest when to withdraw from the market, the chairman of the Federal Reserve Board

Powell said that if the progress continues, the plan to reduce the scale will be considered at the next meeting. As soon as the Federal Reserve announced, the US dollar index soared by 1%, breaking to 91.4 points, while the yield of US 10-year treasury bonds rose more than 5%.

The highest approaching 1.59%. The Fed's tendency to raise interest rates early shocked the New York stock market, and the three major Wall Street indexes fell across the board, with Dow Jones index falling 0.77%, Standard & Poor's 500 index falling 0.53% and Nasdaq index falling 0.24%.

Investors wait and see the Federal Reserve to discuss interest rates, and gold investors become cautious when entering the market. From yesterday until the opening of the US market, gold prices were relatively calm for most of the time, only fluctuating between 1854 and 1860 dollars. But at the Federal Reserve

After the results of the interest rate decision and the public meeting statement were released, the market immediately dropped from a high level to US$ 1,803, with a drop of nearly US$ 60 at most, and finally rebounded slightly to US$ 1,812, closing down by US$ 47.

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