Weekly

August 27 th
 
Today's volatility range:

Investors pay close attention to the annual meeting of the global central bank. Federal Reserve Chairman Powell will deliver a speech at the meeting tonight, but before his speech, some officials of the Federal Reserve took the lead in setting an eagle, and it is estimated that the direction will be the same as Powell's.

The explosion in Kabul, the capital of Afghanistan, caused the risk aversion to rise, and the gold price rebounded rapidly. However, the pressure on the gold price before the important mark of US$ 1,800 remained high. Yesterday, the price of gold has almost touched the horizontal range in mid-August

It is expected that the top and bottom will continue to be consolidated near this region. However, due to the possible risks brought by Powell's occupation of the annual meeting of the global central bank, it is recommended that the high position be short. Today's proposed amplitude is between 1775 and 1803.
 

Global demand continued to recover. Hong Kong's exports in July were slightly better than expected, but it was estimated that due to the epidemic, imports only increased by 26%, which was lower than expected. During the period, there was a trade deficit of 35 billion yuan. The population data also

It shows that Hong Kong's economy is on the surface, and the prosperous market in recent rows is due to the improved atmosphere of catering and some retail industries caused by coupons. In fact, more industries are still suffering from the epidemic. Hong Kong's stock market fell for the second consecutive day,

Hang Seng Index closed down 1.08%. Germany announced the gfk Consumer Prosperity Index yesterday. The data showed that German consumers lacked confidence in the economic prospects. The data released was negative growth of 1.2%, which was worse than the expected decline of 0.7%.

In addition, the market is worried that the Fed will tighten its loose monetary policy. The three major European stock markets closed lower across the board yesterday, and the German DAX index fell by 0.28%; The CAC index in Paris, France fell by 0.18%; Britain's FTSE 100 index fell 0.34%.

Federal Reserve Kaplan spoke again, affirming his views on the contraction of the US table two weeks ago. Kaplan believed that the Federal Reserve's purchase of treasury bonds would stimulate demand, but in the current economic situation, demand is no longer a problem.

On the contrary, long-term purchase of national debt will distort the market and bring more negative effects than benefits. He still felt that at the September meeting, it was the right time to announce the reduction of the debt purchase plan, and began to reduce the debt in October or shortly thereafter.

He also supports the Fed to raise interest rates next year. Following the two explosions at Kabul Airport in Afghanistan yesterday evening, Kabul, the capital of Afghanistan, sounded several explosions in the evening. The Pentagon confirmed that the explosion caused

American soldiers were killed. Market panic has warmed up, US stocks have turned to fall, and some Fed officials have taken the lead in releasing hawks before the global central bank meeting to accelerate the decline of US stocks. The three major Wall Street indexes fell across the board, and the Dow Jones index fell 0.54%;

The S&P 500 index fell 0.58%; The Nasdaq index fell by 0.64%.

In terms of data, the US Department of Commerce said that the GDP in the second quarter increased by 6.6%, slightly higher than the 6.5% in the previous quarter. However, the growth rate of this data is slightly lower than the expected growth of 6.7%. Meanwhile, the US Department of Labor announced that,

Last week, the number of people applying for unemployment benefits for the first time was 353,000, 2,000 more than the previous week, ending the three-week decline. The gold market opened lower and closed higher yesterday. The market worried that the Federal Reserve would tighten its bond buying, and the opening price of gold in Asia began to fall.

The lowest price was $1,780, and after the explosion in Kabul, Afghanistan, the risk aversion increased, and the gold price rebounded rapidly. In addition, the latest economic data of the United States fell short of market expectations, which supported the gold price, and the highest price was $1,798.

It finally closed at $1,792, up one dollar.

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