Weekly

June 22 nd
 
 
Today's volatility range:

The weekly chart of gold price shows that the price of gold has fallen to the support track of the big era in 2019. In addition, the Fed has not continued to hawk, the US dollar index has fallen, and the price of gold has successfully rebounded, but it is expected to remain subject to it

The $1,800 mark will fluctuate below it in the short term. Today, the proposed amplitude is 1769-1792.
 

The epidemic situation in Hong Kong gradually eased, and the Hong Kong Health Bureau announced yesterday that there had been no local infection cases for 14 consecutive days. Chief Executive Carrie Lam Cheng Yuet-ngor led a group of senior officials to meet with reporters yesterday and announced at the meeting that from now on

On Thursday, a number of epidemic prevention measures were relaxed, including relaxing the restrictions on the number of people gathered in various meeting places and relaxing the quarantine period for Hong Kong residents arriving in Hong Kong from medium and high-risk areas, as long as they have completed

Vaccination lasted for more than 14 days, and it was negative when it was tested for pain virus when it arrived in Hong Kong. In the final physical examination report, it met three conditions such as positive serum antibody, and the quarantine period could be reduced from 14 days to 7 days.

Although the epidemic situation in Hong Kong improved and the government relaxed the restrictions on gathering, Hong Kong stocks followed the overseas environment yesterday and worried that the Federal Reserve might raise interest rates earlier next year. The local stock market went down and the Hang Seng Index fell 1.08% yesterday.

 
China has stepped up its efforts to crack down on the virtual currency market. According to mainland media reports, Sichuan Province has stopped supplying power to all cryptocurrency mines since the early morning of yesterday. After Inner Mongolia and Xinjiang,

The mainland government will rectify the cryptocurrency mining area again. In addition, the Agricultural Bank of China, one of the state-owned banks, said that it would never participate in virtual currency-related business, and would increase the investigation and monitoring of bank customers and capital transactions.

If any virtual currency transaction is found, measures such as suspending account transaction and terminating customer relationship will be taken immediately, and a report will be made to relevant central departments. The People's Bank of China even said that it will talk about others one after another

State-owned banks and other financial institutions, including payment providers such as Alipay. Bitcoin fell 10% yesterday, closing at nearly $31,900 each.

 
It is an eye-opener that the mainland governance culture is in place. Earlier, in order to encourage fertility and show sympathy for parents' child-rearing expenses, the mainland proposed to limit the class dates of all cram schools in China, which greatly dealt a blow to a number of listed schools

Stock price related to tutorial industry! If there is an unfortunate shortage of food one day, I wonder how the elite of the motherland will respond. European Central Bank President Lagarde said in his speech yesterday that financial support is still necessary.

If necessary, the ECB still has room to cut interest rates. Her words are welcomed by the risky market! The three major European stock markets all rose, and the German DAX index rose by 1%; The CAC index in Paris, France rose by 0.51%; The FTSE 100 Index rose 0.63%.

When Federal Reserve Chairman Powell attended the congressional testimony, he said that he acknowledged that inflation has risen significantly in recent months, and the epidemic continues to pose risks to the US economic prospects. Vaccination may continue to reduce the impact of the public health crisis on the economy.

But the new variant virus is still one of the risks. He expects inflation to fall back to the target level of the Federal Reserve, and expects economic activities and employment to continue to strengthen. Although the unemployment rate has risen in May,

Moreover, the pace of labor market recovery is uneven, but employment growth is still expected to accelerate. Regarding the economic prospects of the United States, Powell commented that it has been continuously improving since September 2020, and the real GDP is expected to be real

It is the fastest growth in decades, but he added that the industries affected by the pandemic are still weak, but the situation has improved.

 
Powell's testimony did not release the eagle again; Williams, another Fed official, said that there is still a long way to go before the Fed reduces the scale of debt purchase, and it is impossible to judge when the Fed can slow down the pace of debt purchase.

Nor has a decision been made on the strategy of reducing debt purchase. His wording is simply to appease the fluctuating market sentiment. The US dollar index went down yesterday and fell below 92 points. The market's fear of raising interest rates by the Federal Reserve has been smoothed out, Wall Street

The three major indexes rose at the same time. Traditional economic stocks performed better than technology stocks. Dow Jones index rose 1.76%, Standard & Poor's 500 index rose 1.36%, and Nasdaq index rose 0.79%. According to the weekly chart of gold price,

Gold price has fallen to the support track of the great era in 2019. In addition to the decline of the US dollar index, the gold market rebounded from the low level of US$ 1,764 to the highest level of US$ 1,786 yesterday, and finally closed at US$ 1,783, rising by US$ 19.

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