Weekly

July 21 ST
 
Today's volatility range:

The price of gold rose first and then fell yesterday, the stock market made good, funds flowed into the stock market from the bond market, and the price of US 10-year government bonds fell, which made the yield of 10-year government bonds return to above 1.2%, and the yield rebounded and increased

The holding cost of gold, an investment tool that won't earn interest, hit the performance of gold yesterday. As far as the recent trend of the gold market is concerned, the gold price still has support at the psychological barrier of $1,800, but the gold market has performed in the last two days

Going back to the difference, it opened lower and closed higher as soon as possible, but it opened higher and went lower yesterday. When the US stock market opened, there was a big silver candle in the gold price, and the closing price even closed below the turning point of $1812. The trend was relatively negative. The Fed will be on the 29 th of this month

The interest rate was announced at 2: 00 am. Although it was predicted that the gold price would only fluctuate before the interest rate split in July, there was a chance to test the lower support of $1,800 again before the interest rate was decided.

Today's proposed amplitude is between 1796 and 1818.
 

The epidemic situation in Hong Kong has gradually stabilized with the increasing number of vaccinated people. In addition, although the economic recovery rate is slow, there is still a trend of continuous improvement, and the job market that the general public is concerned about has continued to grow.

The unemployment rate has dropped for four consecutive months. The latest unemployment rate in Hong Kong has dropped to a low level of over one year. The Census and Statistics Department announced yesterday that the unemployment rate from April to June was 5.5%, which was lower than the market expectation of 5.8%. By industry,

The unemployment rate in most industries fell, among which the industries related to consumption and tourism performed best, with the unemployment rate falling by 0.9 percentage points to 8.5%. I believe the decrease is due to the government's efforts to pick up epidemic prevention stations for all communities in Hong Kong in the past few months

A large number of people in the tourism industry are recruited as temporary employees. Secondly, the coupons will reach the public as early as August 1 this year. Retailers will step in early to seize business opportunities and have the opportunity to increase employees, and then improve

Employment situation in consumer industry.

 
The Secretary for Labour and Welfare, Law Chi-kwong, said that the labor market should be further improved as the economy continues to recover, and the coupon scheme will also help the economy recover. However, customs clearance in Hong Kong is the key to ease the stagnation of the labor market.

I sincerely hope this growth momentum is not a virtual fire! At least the stock market didn't respond positively to the drop in unemployment rate, and the Hang Seng Index fell another 230 points or 0.84% to close. The EU proposed on Tuesday to fight money laundering and

Terrorist financing scheme, proposed to ban anonymous cryptocurrency transactions. The plan put forward by the European Union includes a number of details to strengthen the supervision of financial transactions, including the establishment of a new EU regulatory body with about 250 people to supervise high-risk financial institutions.

Anonymous encryption of asset wallets will also be prohibited. The European Commission also stated that it should impose management regulations similar to those of conventional bank wire transfers on encrypted currencies and prohibit cash transactions exceeding 10,000 euros. However, the plan still has to

First approved by the European Parliament and the Council of Europe. The EU said that the process is expected to be very long. The first goal is to set up a new anti-money laundering agency first, and it will strive for the regulator to start operation in 2024.

The news stimulated the cryptocurrency market to fall, with bitcoin falling below $30,000 each, the lowest since June 22nd, and closing at about $29,700.

 
Germany announced yesterday that the producer price index was better than estimated. The market has predicted that the data in June will be backward compared with 1.5% in May, but the figure is 1.3%, which is better than the expected 1.1%, and the enterprise's performance is ideal.

The news drove away the negative atmosphere brought by the floods in Germany. The three major European indices fell for five consecutive days, and finally ushered in a rebound yesterday. The German DAX index rose by 2.62%; The CAC index in Paris, France rose by 2.54%; The FTSE 100 Index rose 2.34%.

After the Dow Jones index recorded the biggest decline in nine months on Monday, investors took advantage of the low absorption and the ideal performance of Wanguo Machinery, and investors turned from conservative strategy to chasing risks; Yesterday, the three major indexes on Wall Street rose in an all-round way.

Dow Jones index rose 1.62%, Standard & Poor's 500 index rose 1.52%, Nasdaq index rebounded after falling for five consecutive days, and rose 1.57% to close. The stock market was built, funds flowed into the stock market from the bond market, and the price of the 10-year US Treasury bonds fell.

The yield of 10-year government bonds returned to the level above 1.2%. The price of gold rose first and then fell yesterday, rising to a daily high of $1,825 in the early period. However, after the opening of the US stock market, the price of gold was obviously stressed. The lowest price of gold was $1,805 yesterday, and finally rebounded to $1,810 to close.

Down $3.

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