Weekly

30 July
 
Today's volatility range:

The Federal Reserve released pigeons, saying that the virus still threatens the US economy, saying that there is no timetable for reducing debt purchase. Yesterday's economic data completely pointed to supporting the Fed's decision, and the US economic growth slowed down in the second quarter and

Last week, the number of people applying for unemployment benefits for the first time in the United States rose again, and the yield of US dollar index and 10-year treasury bonds fell, which helped gold prices break through the daily resistance of US$ 1813 and US$ 1824 continuously.

At this stage, consolidation will be carried out again, as long as the enterprise is above $1,824, it will be strong again. Today's proposed amplitude is between 1824 and 1839.
 

The mainland has repeatedly used administrative means to interfere with the operation of the market, which has created a sense of anger and scared investors. The sudden collapse of Black Monday in Hong Kong just reflects the market's views on the mainland policy. Because of the big things, as the mainland,

Xinhua News Agency, the official mouthpiece, published an article pointing out that the recent regulatory policies in the network economy, education and training industries are beneficial to China's long-term development. There are also foreign media reports that the Chinese regulatory authorities just last Wednesday

He met with senior executives of several international investment banks and tried to appease the market, saying that as long as Chinese enterprises meet the listing requirements, China will continue to allow Chinese enterprises to go public in the United States. The mainland has maintained stability and the Hong Kong stock market has responded positively.

Yesterday, it bounced 841 points, up 3.3%. Two consecutive day of increase offset that decline on black Monday.

But one wave of the future, another! Sino-US relations are tense, and State Street Global, the manager of TraHK, once again "turns around"; State Street Global, an American-owned company, responded to the executive order of former US President Trump at the beginning of this year.

It was announced that from January 14, 2021, it will not increase any new investment of US sanctions companies. It also means that it is affected by the order to remind investors that Yingfu is not suitable for American investment, but State Street Global may be based on business at that time

Considering the imminent presidential change, the decision was cancelled two days later and the original operation was resumed. However, State Street Global replayed the old tune, changed the sales charter yesterday, banned Americans from buying and selling, and reminded Americans that TraHK is not appropriate

Investment instruments, such as holding units after June 3rd next year, may be prevented from selling or buying or selling units by other means by American laws. This will lead to another economic retaliation from China, and the market will be bloody again!

Yesterday, the European data was ideal, and the business and consumer confidence index of the Eurozone rose to 119 in July, a record high; The employment situation in Germany is also improving, with the number of unemployed people greatly reduced by 91,000, which is better than the market forecast of 28,000.

Coupled with the satisfactory performance of many companies, the three major European stock markets rose for the second consecutive day, and the German DAX index rose by 0.45%; The CAC index in Paris, France rose by 0.37%; The FTSE 100 Index rose 0.88%.

In the second quarter of the United States, the gross domestic product grew by 6.5% on a quarterly basis, although the increase was lower than the market expectation of 8.5%. In addition, the power of the Federal Reserve without a timetable was too great, and the US dollar index fell to 91.9, the lowest in this month.

In order to control the COVID-19 epidemic, the US government took the lead. President Biden asked millions of federal employees to vaccinate or test and wear masks, and other commercial organizations followed suit, which will speed up the national immunization

The speed is conducive to economic recovery.

Although the economic growth in the second quarter of the United States was worse than the market expectation, the performance and profit prospects of many large enterprises were ideal, which supported the market to rise. The Dow Jones index and the S&P 500 index both hit record highs.

They rose by 0.44% and 0.42% respectively, and the Nasdaq index rose by 0.11% to close. The Federal Reserve released pigeons, saying that the virus still threatens the US economy, saying that there is no timetable for reducing debt purchase. Yesterday's economic data completely pointed to support

The Federal Reserve decided that the economic growth of the United States slowed down in the second quarter, the number of people claiming unemployment benefits for the first time in the United States rose again last week, and the yield of the US dollar index and 10-year government bonds fell, which contributed to the rise of gold prices. The price of gold once surged to US$ 1,833.

It finally closed at $1828, up $21.

For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator
https://t.me/mingtakchat