Weekly

August 5 th
 
Today's volatility range:

Gold price was repeated yesterday, and the growth rate of small non-agricultural figures hit a new low in five months, which supported the sharp rise of gold price. However, Federal Reserve Vice Chairman Clarida ignored the latest labor market data and still flaunted the eagle and shattered the gold market.

Yesterday, the price of gold went up and down by the small non-agricultural university. Tomorrow, there will be data of non-agricultural employment in the United States last month. It is expected that the volatility of gold price will decrease today. Today's proposed amplitude is between 1806 and 1818.

Hong Kong "clears" the cable! It lasted for nearly two months. Yesterday, a newly confirmed case of unknown origin appeared in the local area. A 43-year-old construction site welder living in Sham Shui Po was diagnosed. Health bureau

It means that the patient has been tested for virus regularly since May because of his work. The latest test confirmed that he was infected with Covid-19, but no virus was detected after repeated tests after admission, but he carried antibodies.

Confirmed to have been infected, it may be a case of reactivation. Hopes for customs clearance to improve the economy have failed again. In July, the purchasing managers' index of Hong Kong slowed down compared with that of June, and the figure of 51.3 was still above the dividing line of 50, reflecting Hong Kong

The economy has not deteriorated. Hang Seng Index rebounded yesterday, rising 0.88%. Business activities in the euro zone are expanding at the fastest rate in 15 years. The data shows that the Eurozone Purchasing Managers Index released on Wednesday was 59.5 liters in June

To 60.2 in July. The three major European stock markets rose across the board, and the German DAX index rose by 0.88%; The CAC index in Paris, France rose by 0.33%; The FTSE 100 Index rose 0.26%.

 
Small non-agricultural data is less than expected, and the performance of US stock companies is mixed. The three major indexes on Wall Street have developed individually, and the Dow Jones index has fallen by 0.92%; The S&P 500 index fell 0.46%; Nasdaq index rose 0.55% to close.

Last night, the United States released a report on the changes in non-agricultural employment. The market expected that the job market would increase by 695,000 jobs, but the result was a big accident, only 330,000, which was the worst performance in five months and also for two consecutive months

Fall. Weak employment data supported the Federal Reserve's extension of tightening monetary policy, and the US dollar was sold off. The US dollar index once fell below 92 points, with the worst being 91.82 points. However, after the publication of the non-agricultural report, the dollar turned sharply

Bounce up to 92.31 points; The reason is that Clarida, the outgoing vice chairman of the Federal Reserve, delivered a speech, saying that inflation is temporarily exceeding the target, and proposed that the framework for reducing the scale of debt purchase will be evaluated at future meetings.

Said that as long as the conditions are met, it is expected to start to shrink the table by the end of this year, and predicted that the conditions for raising interest rates will be met before the end of 2022, and the rate increase will start in 2023.

The news immediately reversed the currency market atmosphere. In addition, on the occasion of the speech of Federal Reserve Vice Chairman Clarida, the United States also released another economic data, the institute for supply management Non-Manufacturing Purchasing Managers Index, which is 64 figures .1, far exceeding

The expected 60.5, a new high since the data was recorded in 1997, shows that the expansion of commercial activities, especially the service industry, is accelerating. Strong data also contributed to the dollar's rise last night. Gold price repeated yesterday,

The growth rate of small non-agricultural figures hit a new low in five months. The market expects weak employment data to support the Fed's extension of tightening monetary policy. The price of gold has soared to 1832 US dollars, but Federal Reserve Vice Chairman Clarida released the eagle and said that it can start at the end of this year

To reduce debt buying and raise interest rate as soon as possible in 2023, the price of gold quickly recovered, with the worst price reaching $1,807, and the price of gold finally closed at $1,812, up $2.

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