Weekly

fail to build a mound for want of one final basket of earth—fall short of success for lack of a final effort

2021-09-09

September 9th.
 
Today's volatility range:

The virus still threatens the pace of global economic recovery, but the global central banks can't keep loose monetary policy under the pressure of inflation. The Reserve Bank of Australia has announced that it will reduce the scale of debt purchase, and the United Kingdom has also drawn up a blueprint for shrinking the table.

Today's announcement after the meeting of the management committee of the European Central Bank will influence the pace of debt reduction of the Federal Reserve and the trend of appreciation of the US dollar in the market. Monday's gold price adjustment has reflected the imminent contraction of the Fed's watch, and the US market surged yesterday.

Although there is a rebound in the declining market, as the bulls in the gold market have become passive, it has become a fact that the global table reduction is only a matter of time and a reduction in the buying range. Today, it is expected to still fluctuate, or try yesterday's low of $1,782.

However, it should not fall below $1,778, otherwise it will point to the next support band of $1,756-1,766, and the suggested volatility is between $1,780-1,798.
 

For 21 consecutive days in Hong Kong, Japan and Covid-19 were "cleared". This record was hard won. The Government certainly contributed, but the public also did their part. Although the progress of the vaccination program was only 60%, with the increase of people over 12 years old.

It is expected that more than 70% of the students can join the vaccination program, and those who fail to receive vaccination, whether they are the elderly, long-term patients or others, have their own reasons, so there is no need to delve into them. Most people in Hong Kong have been like.

Being trapped in an isolated island, Hong Kong people expect clear customs clearance intentions. However, the government aims at "clearing the customs clearance" in the Mainland, saying that it has won from the Central Authorities, but it has not met the customs clearance requirements. Chief Executive Carrie Lam Cheng Yuet-ngor admits that he wants to clear customs clearance with the Mainland, which should not be done at present.

Do not adopt the policy of coexisting with viruses, otherwise customs clearance will be even more hopeless. But is it the only standard to clear for 28 days? Can the Government play its role at a critical moment and keep a good watch on immigration cases, or else it will be another success.

When you lose your feet, you fall short!


 
Publicity Department of the Communist Party of China talked about Tencent because of online games and the country's efforts to crack down on the high-pressure property market. The three red lines were like a curse. It was revealed from the market that Evergrande was unable to repay the bond interest due, and other mainland real estate industries also.

Entering the cold winter, high-tech stocks and interior housing stocks were under pressure, and Hang Seng Index fell 0.12% to close. The European Central Bank will announce the results of interest rate decision today, and then the content of monetary policy meeting is also the focus of the market. Recently, the market has accumulated in Europe.

The expectation of the central bank to reduce monetary stimulus measures is getting bigger and bigger. Some banks expect that the European Central Bank will not be able to continue its easing policy. After the meeting of the Management Committee, it will announce that the amount of bonds purchased will be lowered from 80 billion per month.

The euro was reduced to 70 billion euros. With that desire to reduce the risk of liquidity, three major European stock market fell for two consecutive days, among which Germany stock market fell the most, and Germany DAX index fell 1.47%. France Paris CAC index fell 0.85%;

Britain's FTSE 100 index fell 0.53%.


 
The Beige Book Report of the Federal Reserve was released yesterday, acknowledging that the US economy slowed down slightly in August, saying that the number of confirmed cases of variant viruses increased, which affected people's consumption activities such as dining out and traveling, and finally reduced the momentum of economic recovery. Wall Street

The three major stock markets fell across the board, with Dow Jones index rising first and then falling, down 0.20% to close, S&P 500 index falling 0.13%, and Nasdaq index falling 0.57% from a record high. Gold fell for two consecutive days. Investors avoid the risk market,

As a safe-haven choice for the US dollar, the US dollar index continued to rise, approaching 93 points. The gold price fluctuated within a narrow range in the early period, reaching a high of US$ 1,802. However, when the European market entered the US market, there was a wave of decline, falling by nearly US$ 10, reaching a minimum of US$ 1,783.

However, it rebounded sharply by $5 and finally closed at $1,789, down by $5.

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