Weekly

June 29 th
 
 
Today's volatility range:

The non-farm payrolls report will be released soon, because the report may affect the Fed officials' perception of the current monetary policy, that is, it will affect the direction of adjusting the US dollar interest rate. Investors are cautious before the report is revealed.

Yesterday, the gold market was still in a volatile pattern. Before the release of non-agricultural data in the United States, the price of gold was obviously subject to the range of 1770-1790 USD, consolidating in this range, and the narrower range was a signal before the price breakthrough.

Today, the proposed amplitude is 1772-1784.
 

COVID-19 Delta virus is raging all over the world. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization, warned earlier that this Delta virus, which was first discovered in India, is the most infectious variant virus found in Covid-19 so far.

The first person infected with this new variant virus in Hong Kong earlier was a male ground worker who served the airport. He also worked part-time in a shopping mall in Tai Po, and the new patient was this male colleague. Experts estimate possible communities

There is an invisible transmission chain, and we are worried that the variant virus will start to spread in the community, and confirmed cases may come one after another. In response to the epidemic situation in Britain, the government announced yesterday that Britain was listed as a very high-risk area.

From 00: 00 am on July 1, civil airliners coming from Britain are prohibited from landing in Hong Kong, and related persons are prevented from arriving in Hong Kong via connecting flights. The endless epidemic in Hong Kong is bound to hit the pace of Hong Kong's economic recovery;

Hang Seng Index fell by 0.07% yesterday.

 
Many regions in Europe depend on tourism revenue, which accounts for a large proportion of the country. Earlier, they also launched vaccine passports, hoping to revive the domestic tourism industry. However, the Delta virus of COVID-19 variant is extremely contagious, and the market panic again.

Pushing down tourism-related shares. The three major indexes of European stock markets fell across the board, and the German DAX index fell 0.34%; CAC index in Paris, France 0.98%; Britain's FTSE 100 index fell 0.88%. The report on non-agricultural employment is coming soon,

Because the report may affect the Fed officials' perception of the current monetary policy and the speed of adjusting the US dollar interest rate, investors were cautious before the report was revealed, and the US dollar only rose slightly yesterday.

The US dollar has strengthened since the last interest rate meeting, because more members of the Federal Reserve Bureau tend to raise interest rates earlier. In fact, the market also bet that the US dollar will rise in the future. Since the Federal Reserve raised the overnight reverse repo rate,

The market demand for reverse repurchase has repeatedly hit high levels, which shows one shift. Federal Reserve officials have repeatedly stressed that the U.S. economy is improving and there is a lot of optimism in the market.

Market Ping predicted that the non-farm payrolls in the United States will increase to 690,000 in June, up from 559,000 in May, and the unemployment rate will drop to 5.7% from 5.8% last month. And U.S. treasury bonds have become a berth where hot money is flooding.

The price of ten-year treasury bonds rose, which lowered the yield. The yield of ten-year treasury bonds fell below 1.5%, and fell to 1.468% last night.

 
Under the low interest rate environment, the risk market favored technology stocks with higher P/E ratio, and cruise stocks led the decline. The three major indexes on Wall Street were mixed, with Dow Jones index falling 0.44% and Standard & Poor's 500 index rising 0.24%.

Nasdaq index hit a new record closing high, up 0.98%. The gold market was still in a volatile pattern yesterday. The price of gold opened yesterday fell from a daily high of 1786 US dollars to a daily low of 1771 US dollars, which was announced by the United States last night

In June, the Dallas Fed's business activity index not only regressed, but also worse than expected; The data is like throwing cold water on the flame of economic recovery; Long-term investors in gold prices have tried to fight back, but they are obviously constrained by $1,780.

Finally, it was quoted at $1778, down $4 to close.

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