Weekly

November 18th

Today's volatility range:

Officials of the Federal Reserve intervened in export for only one day, but the deterioration of the economy became the focus of the market again. Investors bet that the Federal Reserve could not take action to suppress the "temporary inflation" caused by the shortage of supply, but only intervened with "mouth".

Investors also regard the opening of crude oil storage in the United States as a signal of rising inflation, which has contributed to the rising trend of gold price. On the other hand, the unexpected drop in the number of new housing starts announced by the United States last night has affected the performance of the US stock market and the US dollar index.

It has dropped from the high point since July 2020, causing more funds to flow into the gold market to avoid risks. After two days' adjustment, the price of gold will try again to reach this week's high. Today's suggested volatility ranges from $1863 to $1877.

China is speeding up the implementation of the plan to replace the technologies of the United States and other countries. Since 2016, a working committee called Information Technology Application Innovation has been set up in a low-key manner to provide advisory services to the government, and now it has been accepted by Beijing.

And entrust to formulate industry standards, train employees, help review and approve local suppliers in sensitive technology fields from cloud storage to semiconductor chips, and also choose trusted suppliers. It seems that the state has upgraded its technology.

At the same time, the de-aestheticization is also obvious, so that the development of high-end technology in the future will not be controlled by others. After the first video interview between China and the United States ended, Hong Kong ended its 6-day upward trend and fell downward. During the Asian session yesterday, the US dollar index

At one point, it rose above 96 points, the highest since July last year, and investors became cautious when entering the market. The Hang Seng Index fell by 0.25% yesterday, and the daily turnover of the market was less than 109.8 billion yuan, the lowest turnover in more than a week.

The European Central Bank issued a semi-annual financial stability report, saying that under the stimulus measures of ultra-low interest rate environment and huge liquidity increase, the euro zone economy continued to recover from the epidemic, but the central bank also warned of asset bubbles in the property market and financial markets.

It means that the valuation of many assets is on the high side, or the risk of adjustment will increase greatly. The three major European indexes developed individually, and the German DAX index rose by 0.06%. Paris CAC index rose 0.02%; Britain's FTSE 100 index fell by 0.49%.

Last night, the number of new housing starts announced by the United States unexpectedly dropped, and the market worried about inflation. The haze of the Fed's early interest rate hike lingered. The US stock market was under pressure yesterday, and the Dow Jones index fell below 36,000 points. Overall,

All three major Wall Street indexes suffered losses yesterday, with Dow Jones index falling 0.58%; Standard & Poor's 500 Index fell 0.26%; The Nasdaq index also fell 0.33%.

The soaring price of crude oil pushed other prices up, and the oil group countries refused to increase production. The United States had to open up strategic crude oil storage to suppress the unlimited rise of crude oil, but this policy of the United States could only be temporary and could not meet the real market.

Need. Investors regard the opening of crude oil storage in the United States as a signal of rising inflation, which has contributed to the rebound of gold prices. In addition, the unexpected drop in new housing starts announced by the United States last night has affected the decline of the US stock market, and the US dollar index has changed from 2020 to 2020.

The high point since July has dropped, causing more funds to flow into the gold market to avoid risks; Yesterday, the gold market showed a unilateral upward trend, and it rose at the opening of the market, reaching the highest of $1,868. The price of gold closed at $1,867, which was close to the all-day high, rising by $17.

The daily chart shows a candle with no hands or feet.

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