Weekly

August 26 th
 
Today's volatility range:

Investors are concerned about the annual meeting of the global central bank starting on Thursday in the United States. Because the United States is prepared to coexist with the virus, even if Covid-19 does not disappear, the United States will exchange higher costs for economic recovery as soon as possible.

Therefore, it is expected that Powell, chairman of the Federal Reserve Board of the United States, will inevitably provide the news of reducing debt purchase when he speaks in the year of the global central bank, and simultaneously cut US Treasury bonds and mortgage-backed security.

The reduction is not the point, but the point is when to start to bolt the water hose. Gold price missed the important mark of USD 1,800, and entered the previous horizontal range. Maybe the nearest platoon will try the bottom of the range again.

Today's proposed amplitude is between 1778 and 1796.
 

Although the Government said earlier that Hong Kong's economy is improving one after another, affected by the epidemic, apart from the recent improvement in the atmosphere of catering and some retail industries caused by consumer vouchers, more industries are still in dire straits.

The Hong Kong government, sympathetic to the people's sentiments, announced yesterday measures to extend or reduce the existing 35 types of government fees and charges, benefiting industries including logistics, retail, catering, tourism and entertainment. It is estimated that this exemption will make the government

The library received 2 billion yuan less income. The local stock market opened higher and closed lower yesterday. The Hang Seng Index opened more than 200 points, but fell again and again. The Hang Seng Index closed down 26,000 points, down 0.13%. Germany yesterday

The Ifo Business Climate Index was released in August. The data went backwards for two consecutive months, and the number was 99.4, which was worse than expected. The three major European stock markets developed independently yesterday, and the German DAX index fell by 0.28%; Paris, France

CAC index rose by 0.18%; The FTSE 100 Index rose 0.34%.

 
Pfizer's Fubitai vaccine was approved by the US Food and Drug Administration and upgraded from emergency use to full approval, while Johnson & Johnson, another American vaccine manufacturer, said that its one-shot COVID-19,

In the early clinical trials, vaccine fortifiers have made great progress in data, and research indicates that vaccine fortifiers can greatly increase antiviral antibodies. Vaccine news continues to support the US stock market, the three major Wall Street

The index hit a new high, and the Dow Jones index rose by 0.11%; The S&P 500 index rose by 0.22%; The Nasdaq index rose by 0.15%. The latest economic data released by the United States is ideal, and the core commodities are durable goods

Orders increased by 0.7% on a month-on-month basis, which was better than expected, while crude oil inventories also fell for three consecutive weeks. Some scholars point out that economic data can continue to grow even if the epidemic situation does not subside.

However, it has reflected that the United States is prepared to coexist with viruses, but the cost is high!

As a matter of fact, many large enterprises in the United States require the nurses to complete the vaccination before returning to work, and are willing to pay for the vaccination by the company. So it is expected that US Federal Reserve Chairman Powell will be

The global central bank will inevitably provide the news of reducing debt purchase, and simultaneously reduce US Treasury bonds and mortgage-backed security. Investors are concerned about the annual meeting of the global central bank, which began on Thursday in the United States, and the yield of US 10-year government bonds

It rose sharply to 1.34%, a record high in the past two weeks. Major non-US currencies were under pressure. The US dollar index once returned to the level of 93 points. Gold fell under pressure when it opened. Short positions broke through the important barrier of 1,800 US dollars and entered the US market.

Stimulated by the ideal US economic data, the price of gold declined further, reaching a minimum of $1,783, closing at $1,791, down $12.

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