Weekly

On March 21

Today's range:

The war in Russia and Ukraine will continue to haunt investment markets in the short term. Global inflation continues to heat up, and gold is traditionally an effective investment tool to hedge against inflation. If inflation remains high in the long run, it can still be optimistic in the long run.

The gold price of the last two weeks of Yin and Yang candle inverted hammer and hammer respectively, indicating that the big market has ended. Gold last week after the worst try at $1,900 after a sharp bounce, appears to have stabilized and entered a consolidation period, the gold market is expected

It oscillates between 1900 and 1950. Today's recommended range is $1915 to $1934.

The trend of Hong Kong stocks last week can be used to describe the impact of the epidemic from hell to earth by the mainland, and the EXPULSION of us stocks from China is getting longer and longer, Hong Kong stocks in the first two trading days of last week fell more than 10%, the lowest fell to

18235 points! But last Wednesday, Vice Premier Liu He, who presided over a Financial meeting of The State Council, said that the Chinese government would support domestic companies to list overseas and was working to communicate with U.S. regulators to make it easier to list in the United States

Listed Chinese companies can comply with US audit rules and requirements. The Public Company Accounting Oversight Board, an American regulator, responded that it was actively seeking a cooperative agreement with China to end the audit dilemma.

The crisis of Chinese companies being forced to delist in the US has been eased. The hang Seng index rose by more than 9% and 7%, respectively, for two consecutive daily sessions, bringing it back to 21,000 points by 4.18% over the week.

The news media reported on Wednesday that the talks between Russia and Ukraine were moving in a positive direction, and Russian Foreign Minister Sergei Lavrov said yesterday that the two countries were close to an agreement. The mood reflected optimism, with all three major European stock markets falling sharply

Although news of the talks was later denied by the Russian side and pressure from the European Central Bank to raise interest rates earlier this year narrowed the gains. All three major European stock markets rose last week, with Germany's DAX up 4.24%.

In Paris, France, the CAC index rose 5.1%; Britain's FTSE 100 index rose 3.48 percent. The Federal Reserve officially started raising interest rates early Thursday morning, as the market had expected a 25-point increase in interest rates

News of China's State Council's support for overseas listings of Chinese companies and a video call between the two presidents last week, when Biden reiterated that the United States does not seek a new cold war with China, gave the two countries a chance to ease tensions and spurred Chinese stocks

One step up, didi Chuxing is troubled by delisting even more sharply up 50%, the US technology stocks are also good, driving the market atmosphere.

In addition, U.S. manufacturing sales rose strongly last week, while initial jobless claims fell and Wall Street's three major indexes had their best week since November 2020, with the Dow up 5.5%. standard

The S&p 500 rose 6.1%; The Nasdaq rose 8.1%. As inflation picked up in the US, the Fed raised interest rates by 25 points, as the market expected, and the news was quickly digested.

Fed governor Bullard, however, played hawk, arguing that the Fed should raise rates 12 times this year to convince the public they are serious about fighting inflation, and was the only official to vote against the 25-point rate hike at the last meeting

A member of the right; Another official, Mark Waller, said later that although he voted for the president this time, he would consider raising rates by 50 at the next few meetings. The Fed has voices opposing a flatter path

In the gold market, the price of gold is clearly under pressure at the high level. Last week, gold reached a high of $1988.5 and a low of $1895.1 before closing at $1920.6, down $67.9 for the week.

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