Weekly

July 14 th
 
Today's volatility range:

The gold market once again turned in a single day, and the core consumer price index of the United States rose sharply. After the data was released, the price of gold quickly went up and down. The price of gold once surged to US$ 1,817, but the growth rate of the US dollar and national debt limited the increase of the gold market.

It once fell to $1,799, but immediately rebounded and closed with the candle, showing once again that $1,800 has become a long-term position! Last night, the United States announced the core consumer price index for June, the biggest increase since 2008.

Rising inflation will put more pressure on Fed officials and have the opportunity to trigger the Fed to reduce its debt purchases early. Federal Reserve Chairman Powell will witness Congress this evening and tomorrow, and investors will try their best to find out in their testimony

Anything to find out what's going on with the Fed. Besides, the producer price index for June in the United States is also available tonight, which is one of the data for measuring inflation. The price of gold stabilized at 1800 US dollars, and it is consolidating at this stage.

And gradually rising, is challenging this month's high. Today's proposed amplitude is between 1796 and 1818.
 

A comprehensive RRR cut will be implemented from the mainland on the 15th of this month. There are signs that China's economic recovery began to slow down. However, its exports unexpectedly soared in June yesterday, increasing by 30% year-on-year, which will help support China's declining economic situation.

According to analysis, this growth depends on the global demand for medical supplies, especially vaccines, sanitary disinfection products and medical equipment for Covid-19. On the other hand, other Chinese competitors in Asia, such as India and Vietnam,

In the second quarter of this year, the epidemic situation deteriorated and many orders were transferred to China, which also contributed to China's export momentum. Experts predict that with the gradual recovery of production capacity in other regions, China's orders will decrease, and the transportation cost will be relatively high.

The upward trend will slow down. Didi Chuxing was pointed out by the State Cyber Security Regulatory Bureau that the software platform involved information security issues, and was ordered to be removed from the shelves, which set off a new round of panic about the reorganization of network enterprises in the Mainland, and triggered a sharp fall in Chinese-funded network stocks earlier. And then,

The Ministry of Industry and Information Technology tightened the requirement for technology stocks to be listed in other places. When investors worried that the whole high-tech industry would be purged and suppressed, yesterday, the market reported that the State Administration of Market Supervision approved Tencent's acquisition of shares in sogou.

The event raised the positive atmosphere in the market, with Hong Kong stocks rising above 28,000. Although the market closed at a low level, it still rose by 448 points or 1.63%.
 

The Bank of England announced that it would completely cancel the dividend distribution restrictions on European-funded large banking groups, which means that banks can pay dividends to bank shareholders according to their current financial situation and according to their wishes. The news made bank stocks popular,

However, Delta, a COVID-19 variant virus with wider spread, suppressed market sentiment, and other Western European countries, including France and Spain, announced new social restrictions. The three major indexes of European stock markets fell by 0.01%. Last night, America announced

Economists generally believe that the core consumer price index in June will increase by 0.4% compared with that in May, but the figures are even more shocking, with a sharp increase of 0.9%, the biggest increase since 2008 and 4.5% higher than that in the same period last year. Inflation is rising,

It will put more pressure on Fed officials and have the opportunity to trigger the Fed to reduce its debt purchases early. Nevertheless, the yield of the US dollar index and the US 10-year Treasury bonds were 0.6% and over 3.5%, respectively.

 
Inflation was much higher than expected, which made the market wary, fearing that the Fed would shrink its table ahead of schedule. The three major indexes on Wall Street all reported declines yesterday, with Dow Jones index falling 0.31%, Standard & Poor's 500 index falling 0.30% and Nasdaq index falling 0.38%.

The gold market once again showed a one-day turn. The United States announced the core consumer price index in June last night, the biggest increase since 2008. After the data was released, the price of gold rose rapidly, with the highest price of 1817 US dollars, the US dollar index and the yield of US 10-year government bonds.

Rising, suppressing the performance of gold. The price of gold once fell below the $1,800 mark, reaching a minimum of $1,799, and then rebounded to $1,808 to close, rising by $2.

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