Weekly

myth

2021-11-16

November 16th

Today's volatility range:

The growth rate of the manufacturing index of the Federal Reserve Bank of new york was better than expected. The price of gold once rose above $1,870, breaking the high level in the past five months. However, the market worried that the persistent inflation would cause the Federal Reserve to intervene, and the gold market did not dare on both sides.

Too much time, obviously saw at $1,860. Yesterday, the price of gold really opened the gap of 1870, but failed to stabilize. To break through again, we must first consolidate it at the current price, and it depends on the retail data tonight.

Maintain today's suggested volatility, namely $1,858 to $1,875.

The mainland property prices fell last month, and the myth that the mainland property prices did not fall has been broken by the chairman of the meeting! Under the guidance of the policy of no speculation in housing proposed by the President of the People's Republic of China, no matter the first or second-hand property price, even if it is located in "North to Guangzhou and Shenzhen"

4. Big first-tier cities were not spared, and all of them fell. However, in the traditional peak season of building sales, the mainland called "Golden September and Silver 10", the transaction volume also shrank in the last two months. I believe that when the mainland real estate tax is introduced,

The decline will further expand. When the price of the building enters the frozen period, it is even harder for speculators to find someone to take over, so they pity those users who are bent on buying their own homes and living in peace, and become innocent funerary objects. Real estate is the main economic force of the country in the past.

One of the engines, now that the engine is shut down, the mainland economy is bound to slow down, and it is also very difficult to guarantee the economy in the fourth quarter.

Generally speaking, the city where the stock exchange is located has symbolic significance of prosperity and importance. Now, a new exchange has finally been set up under the emperor's feet, and the Beijing Stock Exchange officially opened yesterday.

Trading, which lasted only 74 days, is also a leading myth in the financial sector! The turnover of Beijiao Exchange on the first trading day exceeded 9.5 billion yuan, and the share prices of many new shares listed on this exchange generally doubled. The establishment of the North Stock Exchange celebrates Hong Kong stocks,

In addition, the leaders of China and the United States will break the deadlock and hold summit talks by telephone for the first time today. The market is relatively positive, and the Hang Seng Index rose 0.25% to close yesterday. Pay attention to the interest rate policy of central banks in Europe and become the performance of the stock market.

Crucially, the market told the UK to raise interest rates early, and the UK FTSE 100 index fell by 0.24%. On the contrary, European Central Bank President Lagarde reiterated that it is unlikely to meet the conditions for raising interest rates next year, and still believes that inflation will slow down next year, the euro zone

The stock market rose, and the CAC index in Paris, France rose by 0.33%; Germany DAX index rose by 0.05%.

New york stock market opened higher and closed lower. The market expects Biden to sign a $1 trillion infrastructure bill. In addition, Biden will hold a video conference with Chinese President Xi Jinping this morning, local time, to discuss US-China trade relations and Taiwan Province issues.

When bilateral talks were held, investors responded positively to the opening of the market, pushing up the initial performance of the stock market. However, the 30-year interest rate of the United States rose above 2%, which affected the choice of investors. The three major Wall Street indexes fell within a narrow range, Dow Jones index and Standard & Poor's 500.

The index fell by 0.04%; Nasdaq index also fell 0.04% to close. Yesterday, the price of gold once rose above $1,870. However, the market worried that sustained inflation would provoke the Federal Reserve to intervene, and the gold market did not dare to expect too much from both long and short positions.

Obviously, it saw up and down at $1,860. The highest price of gold was $1,870, and the lowest price was $1,856, closing at $1,862, ending the seven-day rising trend in a row and falling by $2 under the pressure of the rising yield of long-term US Treasury bonds.

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



Previous Article Next Article