Weekly

July 2 nd
 
Today's volatility range:

The gold market rebounded for two consecutive days, the US dollar continued to be strong, and the 10-year US Treasury bonds were also sought after. The yield of the 10-year US Treasury bonds fell for four consecutive days. Although the US dollar is moving upwards, the price of gold is rising instead of falling.

Gold entered the correction period after the sharp fall last month, but there is still room for the dollar to rise. The correlation coefficient between the dollar and gold is negative, and the chances of both rising at the same time for a long time are relatively low. There is a non-farm payrolls report coming out tonight.

Investors may expect digital preference, and today's strategy is still dominated by short positions. Today, the proposed amplitude is 1758-1782.

There was another confirmed case of a new local variant virus in Hong Kong yesterday, and people still need to take defensive measures on the July 1 handover festival before they can enjoy the holiday with peace of mind. Chief Executive Carrie Lam Cheng Yuet-ngor took the opportunity to go on this special day

She told the media when she reported on her work in Beijing that it reflected the hope of the local business community and the public to resume personnel exchanges with the Mainland as soon as possible. In fact, the areas that want to resume exchanges are not limited to the mainland. The epidemic situation in Britain is heating up. In view of the epidemic situation in Britain,

On June 28, the government announced that Britain was listed as a very high-risk area. From 00: 00 on July 1, civil airliners coming from Britain were prohibited from landing in Hong Kong, and related people were prevented from arriving in Hong Kong via connecting flights.

A large number of British people who were scheduled to return to Hong Kong during the summer vacation had to cancel their trips and the arrangement for booking quarantine hotels because they could not return to Hong Kong before July 1. Some people in the hotel industry have revealed that many quarantine hotels have reserved rooms

For British students, due to the new measures of the Hong Kong government, the reservation amount will be refunded to the guests in full, which is expected to lose tens of millions of dollars in business volume and disrupt the hotel business arrangements. It is not excluded that there are hotels

Withdraw from the quarantine hotel of Hong Kong government in the next phase.

 
Hong Kong stocks were closed for the July 1 return holiday yesterday. European Central Bank President Lagarde said that due to the continuous improvement of European economy, European banks may see the dividend distribution and share repurchase restrictions lifted at the end of September.

Enria, chairman of the European Central Bank Banking Supervision Committee, later said that unless there is a new economic downturn, the European Central Bank plans to allow euro zone banks to resume dividends to shareholders from October, but still hope that banks

Act cautiously. Affected by the news, bank stocks led the rise, the three major indexes of European stock markets rose across the board, and the German DAX index rose by 0.48%; The CAC index in Paris, France rose by 0.71%; The FTSE 100 Index rose 1.26%.

Yesterday, the United States announced that the number of people applying for unemployment benefits for the first time last week decreased by 50,000 from the previous value, and the latest news data increased by 364,000, which was better than the market expectation. After the data was released, the US dollar returned to the rising track, with the highest rising above 92.6 points.

The price of 10-year treasury bonds in the United States continued to rise, and the yield dropped for four days to a minimum of 1.458%.

 
The employment data performed well. The three major indexes on Wall Street rose across the board yesterday, and the Nasdaq index rose by 0.13%; The Standard & Poor's 500 Index rose for six days in a row and hit a record high, up 0.48%; Dow Jones index rose 0.38%.

The gold market rose for two consecutive days, and the US dollar continued to be strong. Even the US 10-year treasury bonds were also sought after. The yield of the 10-year treasury bonds once fell by nearly 1.458%. Although the US dollar went up, the gold price did not fall but rose because of the decline in the yield of treasury bonds.

The opportunity cost of holding gold is relatively cheap, and gold has entered a correction period after a sharp fall last month, and is looking for a new direction. The price of gold reached a maximum of $1,783 yesterday, but the United States announced yesterday the number of people applying for unemployment benefits for the first time last week

Compared with the previous value, it decreased again, with the lowest price of gold reaching $1,766, and finally rebounded to $1,776 to close, still rising by $7.

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