Weekly

August 11 th
 
Today's volatility range:

The inflation and owner data that the Federal Reserve is mainly concerned about have been basically met. It is expected that the delisting schedule will be announced to the world within this year. After reducing debt purchase, it will raise interest rates. According to Clarida,

The Federal Reserve began to raise interest rates in 2023, and more Fed officials in the market spoke in support of the compressed quantitative easing policy. The rising interest rate is not conducive to gold, an investment tool that will not earn interest.

After the gold market was bombarded by bears on Monday, people's hearts became timid. The market was observing the inflation data released by the United States this week. At 8: 30 tonight, there was the core consumer price index of the United States. If the figures could not be leveled off,

Even if there is acceleration, the pressure of Fed officials to raise interest rates will increase, which will affect the accelerated tightening of monetary policy, which will be even more unfavorable to the performance of gold. But ignoring the basic factors and considering the gold market only by technical analysis,

Yesterday, the daily price of gold fell for four consecutive days, the relative strength index was oversold and a cross star appeared, and the price of gold will have the opportunity to be revised upwards. Today, the proposed amplitude is between 1725 and 1742.
 

According to the Hong Kong Securities Regulatory Commission, the investor identification code system will be introduced into the local securities market in the second half of next year. Licensed corporations and registered institutions, including banks and securities firms, must submit each transaction to the Stock Exchange

The customer's identification number, which will be migrated with the customer's name and identity documents. This kind of real-name registration is convenient to supervise the market and helps to crack down on irregularities in the stock market. Meituan and Tencent Holdings were sought after yesterday.

After three consecutive losses, the Hang Seng Science and Technology Index finally ushered in a rebound and climbed nearly 2.5%; And led the Hang Seng Index to close at a full-day high, up 1.23% or 322 points. Without fear of the poor report of ZEW economic prosperity index in Germany,

The three major European stock markets rose across the board, mainly due to the ideal performance of European companies driving the market atmosphere, and the German DAX index rose by 0.16%; The CAC index in Paris, France rose by 0.10%; Britain's FTSE 100 Index rose 0.40%.

 
The U.S. Senate passed Biden's $1 trillion cross-party infrastructure draft, and the three major indexes of U.S. stocks developed individually. The infrastructure draft stimulated the traditional economic stocks sensitive to economic performance to make good, and the three major indexes of U.S. stocks developed individually.

Dow Jones index and S&P 500 index rose to record highs, up 0.46% and 0.10% respectively, but Nasdaq index closed lower, down 0.49%. The US$ 1 trillion infrastructure draft was passed, and the US dollar benefited.

The US dollar index rose above 93 points, and the yield of US 10-year Treasury bonds also rose to 1.35%. The price of gold fell yesterday, and after the gold market was bombarded by bears on Monday, people were afraid, and investors were watching and observing the inflation data released this week.

Yesterday, the performance of gold market was relatively stable, and the volatility only expanded during the opening hours of the US market. The highest price of gold was $1,738, and the lowest price was $1,718. Yesterday, it closed at $1,729, down one dollar.

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