Weekly

September 2 nd
 
Today's volatility range:

There was a strong wait-and-see atmosphere in the gold market yesterday, with the fluctuation narrowed to $11. Small non-agricultural data was significantly worse than expected, but the market is still observing this Friday's non-agricultural data, so neither side dared to be too presumptuous, and ended in a tie yesterday.
 
The Federal Reserve is concerned about the impact of variant viruses on the performance of the job market and postpones the pace of raising interest rates. Market observation of this Friday's non-agricultural data, according to the average survey of economists, for the increase of 750,000 new jobs, the data released

Will support the Fed's doves or hawks, which deserves attention. It is expected that the price of gold will remain a volatile market before the non-agricultural data is estimated on Friday. Today, the suggested volatility is between 1806 and 1823.
 
 
Yesterday, the primary and secondary schools in Hong Kong started school after the summer vacation, and the street was alive again in the morning. The Education Bureau reported that it has not received any application from any school to resume full-time teaching, which means that there are more than 90% teachers in government schools

COVID-19 vaccine has been vaccinated, and the proportion of teachers who intend or have been injected in Hong Kong has reached 70%; The Education Bureau said that teachers will not be forced to take injections, but the vaccination ratio will be set so that the full-time classroom can be resumed only when the vaccination rate of teachers and students in the whole school reaches 70% respectively.

Vaccination program has been the most important task of the Hong Kong government. The Chairman of the European Chamber of Commerce in Hong Kong commented on Hong Kong's epidemic prevention policy, saying: "As an international financial center, Hong Kong is connected with the world and Chinese mainland at the same time.

After the large-scale vaccination in COVID-19, many countries in Europe and America began to adopt the anti-epidemic mode of "coexistence with viruses", while China still abides by its successful "zero-clearing" mode. In preventing the COVID-19 epidemic, Hong Kong has no right and left sides.

On both sides of the dilemma! It seems that the government is serious about letting the whole people get vaccinated. Now Hong Kong has only 60% vaccination rate and the virus is constantly evolving, so the road to customs clearance is still far away.

 
Hong Kong stocks gained 26,000, while Hang Seng Index closed up 149 points or 0.58% to 26,028. However, Beishui recorded a net outflow for the sixth consecutive day, with another 116 million yuan left yesterday. Yesterday, the performance of European data was uneven, and many European countries announced their domestic producers

In terms of price index, Germany's performance was worse than expected, while France and Britain were slightly better than estimates. The three major European indexes completely followed the data trend. The German DAX index fell for two consecutive days, down 0.07%; The CAC index in Paris, France rose by 1.18%;

The FTSE 100 Index rose 0.42%. Last night, the United States announced the change of non-agricultural employment, and the data only reached 60% of the expected value, which was reported to be 374,000, indicating that private enterprises slowed down in recruiting employees. In the statistics before the expectation,

There are still vacant positions in enterprises, which may be difficult to fill immediately due to the epidemic, or may be due to the mismatch of resources, and the failure of employers and employees to match successfully, resulting in the increase in employment numbers not as expected; Among them, it may also be "baby boomers."

Generations reject "dirty" and choose to retire early.

However, after the announcement of small non-agriculture, another data released by the United States was better than expected. The institute for supply management Manufacturing Purchasing Managers Index was reported at 59.9, indicating that the American economy is getting hot and inflation is still going on. Wall Street's three major indexes yesterday

All of them developed, and the Dow Jones index fell by 0.14%; The S&P 500 index rose by 0.03%; Nasdaq index rose 0.33%. There was a strong wait-and-see atmosphere in the gold market yesterday, with the fluctuation narrowed to $11. Small non-agricultural data is only 60% of the expected data.

The resistance and support of the rapid test of gold price are as high as $1,820 and as low as $1,809. But what the market really observed was this Friday's non-agricultural data, but neither side dared to be too presumptuous, and finally closed at $1,814.

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