Weekly

September 10th.
 
Today's volatility range:

The European Central Bank's interest rate meeting became the focus of yesterday. The European Central Bank kept its key interest rate unchanged, but it will slow down its bond buying. The euro fell against the US dollar. In addition, the US employment data is ideal. Investors are worried that the Federal Reserve will reduce its bond buying earlier.

As a result, gold is affected, but there is still support when it falls below 1780, which reflects that the adjustment depth of gold price on Monday has been calculated and the Fed's contraction is just around the corner, but the development after that depends on the extent and speed of the Fed's buying reduction. It is expected to remain volatile today,

Suggested amplitude is between 1782-1798 USD.

The vaccination program in Hong Kong has exceeded 8 million doses, of which more than 4.29 million people have received the first shot and more than 3.71 million people have received two doses. According to the statistics of the Hong Kong government, among the people under 70 who are suitable for vaccination against COVID-19, there are already close.

70% of the people have been vaccinated with the first dose of vaccine, but only 27% of the elderly over 70 years old are in the middle group of this group. The Hong Kong government expects to push up the vaccination rate and extend the service of 21 of the 26 indirect breeding centers that were originally scheduled to operate until the end of October to the end of the year.

However, the government acknowledged that the vaccination rate has declined, and it is expected that it will have the opportunity to reach the phased target of 70% vaccination rate for the whole people by the end of October. For mainlanders and Macao people, the "Easy to Come to Hong Kong" will be launched on September 15th, and those who come to Hong Kong will receive the Hong Kong Government.

Exemption from quarantine arrangements, but Hong Kong people still have to accept the 14+7 quarantine arrangement when going north. How can we implement the two-way quarantine exemption? However, the Hong Kong Government has only dragged its feet and said that it cannot explain the considerations on behalf of the mainland authorities. The response is disappointing!

 
Earlier, Publicity Department of the Communist Party of China interviewed Tencent for online games. Yesterday, news came out that the mainland suspended the examination and approval of new online games, which caused Hong Kong stocks to plummet. The Hang Seng Index fell by nearly 700 points at most, once again fell below the 26,000 mark, and finally fell 2.3% or closed at 604 points.

The European Central Bank will announce the results of interest rate decision yesterday, and the three key interest rates will remain unchanged, with the deposit rate remaining negative 0.5%. The central bank also kept the monthly asset purchase plan of 20 billion euros unchanged, while the emergency anti-epidemic bonds with a scale of 1,850 billion euros.

The purchase plan will last at least until the end of March next year. However, the central bank will slow down the bond buying speed of the emergency anti-epidemic bond buying program. European Central Bank President Lagarde said that based on the joint assessment of financing situation and inflation prospects, the central bank slowed down moderately.

The purchase speed of the emergency anti-epidemic bond purchase program, but she reiterated that slowing down the purchase of bonds does not mean reducing the purchase of bonds. The three major European stock markets developed independently, among which the German and French stock markets in the Eurozone rose, and the German DAX Index and the French Paris CAC Index respectively.

0.08 and 0.24%; Britain's FTSE 100 index fell by 1.01%.

 
While the variant virus is still raging, the number of people applying for unemployment benefits for the first time in the United States has dropped to 310,000, the lowest level since the outbreak of the epidemic in the United States. Although the data is satisfactory, investors are worried that the Federal Reserve will latch its throat early, and another Fed member Yang Ying.

Director Bowman said that the United States is very close to the employment target. If the data continues to meet expectations, it may start to tighten the current monetary politics this year. The three major stock markets on Wall Street fell across the board, Dow Jones closed at 0.43%, and the S&P 500 index fell by 0.46%.

Nasdaq index fell 0.25%. The gold market rebounded yesterday. The gold market rose in the early period, reaching a high of $1,801, but the European Central Bank's interest rate meeting became the focus of yesterday. The European Central Bank kept the key interest rate unchanged, but will slow down its bond buying, and the euro fell against the US dollar.

Coupled with the satisfactory employment data in the United States, investors are worried that the Federal Reserve will reduce its debt purchases earlier, which will affect gold. The lowest price of gold is $1,784, but then it rebounded from the low level and finally closed at $1,794, up $5.

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