Weekly

September 6th.
 
Today's volatility range:

The virus still threatens the pace of global economic recovery. While controlling liquidity to reduce inflation, the Federal Reserve is also afraid that raising interest rates will hit corporate profits, hurt the job market and hinder economic recovery.

The rate hike was postponed, and the United States began to adopt the anti-epidemic model of "coexisting with viruses", betting on the vaccine to accelerate the effect of group immunity. Therefore, even if the non-agricultural data is not satisfactory this time, it will only slow down the debt reduction.

Without hindering the decision of the Federal Reserve to latch the water hose. Last week, the gold market rose with weak non-agricultural data. Monday was the Labor Day holiday in the United States. It is expected that the gold price will consolidate at a high level and fluctuate within a narrow range. Today, the suggested volatility is.

Between 1820 and 1832.
 
 
The epidemic situation in Hong Kong has gradually stabilized, and the vaccination progress has reached 60%. Chief Executive Carrie Lam Cheng Yuet-ngor briefed the domestic media and re-launched the "Easy to Come to Hong Kong" program. Hong Kong stocks also rose for four days through the rebound of suppressed technology stocks.

Unfortunately, on Thursday, Chinese President Xi Jinping announced the establishment of a stock exchange in Beijing. The so-called "many incense burners and many ghosts", investors worried that the Hong Kong market would be divided, and the Hang Seng Index ended its continuous upward trend before the end of the week.

Once again, it fell below the level of 26,000, but in a week, the Hang Seng Index still rose by 1.94%. The European Central Bank will hold a meeting on September 9th, but some members said that considering the inflation risk, the European Central Bank should reduce its anti-epidemic assistance program.

Support to slow down the purchase of European debt in the fourth quarter. European stock markets were under pressure because of the water-collecting remarks, and the three major European stock markets went down. Germany's DAX index and France's Paris CAC index fell for three consecutive weeks, by 0.45% and 0.12% respectively.

Britain's FTSE 100 Index went up and down, with a loss of 0.14% in a week's decline.
 
 
After Powell, the chairman of the Federal Reserve, made a speech of posing as an eagle at the last annual meeting of the global central bank, the risk market kept heating up. Even though the employment data were uneven, the number of new jobless claims in the United States dropped to a new low since the outbreak of the COVID-19 outbreak in the United States.

However, the non-agricultural data of the United States on Friday was disappointing. The market hoped that the Federal Reserve would slow down the pace of water collection, and the Wall Street stock market developed individually. In a week, Dow Jones index fell 0.24%, S&P 500 index and NASS.

The Dake Index broke the record high again, rising 0.57% and 1.84% respectively. There is still a strong wait-and-see atmosphere in the gold market at the beginning of the same year. The market is basically waiting for the non-agricultural data released on Friday. Although the United States withdrew its troops in Afghanistan one day earlier,

Risk aversion has cooled, and the price of gold has been lowered to $1,800, but it is obviously supported at a low level. The volatility has narrowed to less than $13 on Wednesday and Thursday. By Friday, the United States announced that the number of non-agricultural employment increased by 235,000 jobs.

The figures caused the dollar to fall, and the dollar index once fell below the 92 level, while the gold price went high. On Friday, it closed at $1,828, up $18, up $10 in a week.

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