Weekly

pay the price

2022-04-06

On April 6

Today's range:

Brainard, one of the Fed's usual doves and a nominee to become vice chairman of the Federal Reserve, turned suddenly hawkish. He said yesterday that U.S. inflation is too high and risks are to the upside, saying the Central bank's inflation is too high and risks to the upside

The Fed will also need to raise interest rates at a steady pace, starting as soon as next month to accelerate the rapid reduction of its balance-sheet. U.S. 10-year Treasury yields rose as high as 2.56% on the news, while the dollar index rose to 99.6

In recent years half high, gold pressure down. Gold is bearish in the short term, with a recommended range of $1908 to $1928 today. This week is light on key economic data, but keep an eye on last month's Federal Reserve meeting due out today

Minutes, last month's meeting is the Federal Reserve since 2018 to restart the interest rate environment began, the content of the federal Reserve board about the movement; And other Fed officials' comments on the outlook for the U.S. economy have implications for the next rate meeting

Role.

Hong Kong stocks were closed yesterday for the Tomb-sweeping day holiday. The European Union has proposed new sanctions against Russia, including a ban on imports of Russian coal and coal, following media Revelations that Russian troops were massacred civilians as they withdrew from the Ukrainian town of Bucha

To lock up outbound ships in Russian ports and impose a total ban on transactions between EU members and four major Russian banks. Eu President Von der Leyen pointed to a new wave of sanctions against Russia, Russia can cut one of them

The main source of revenue, as Russia exports coal in 2020, mainly to European Union countries, this involves a 4 billion euro a year transaction. The European Union has imposed sanctions on Ukraine's atrocities, but it's also paying a price

Earlier, a member of the European Central Bank said that the recent rampant inflation in the euro zone, the European Central Bank may need to end this year or early next year,

Ending eight years of negative interest rates to curb worsening inflation in Europe.

And last night, the UK and the eurozone respectively released the latest service sector purchasing index, data again broke the peak, the three major European stock markets were under pressure. Germany's DAX index fell 0.68%; In Paris, the CAC index fell 1.28%; The ftse

The 100 index fell 0.69 percent. Brainard, one of the Fed's usual doves and a nominee to become vice chairman of the Federal Reserve, turned suddenly hawkish, saying yesterday that U.S. inflation is now too high and risks to the upside

The Federal Reserve will start shrinking its balance sheet at a faster pace as soon as next month, and the Fed will need to raise interest rates at a steady pace. The stock market took the fright and immediately reversed its gains, with the three major Indexes on Wall Street Posting Monday's gains,

The Dow was down 0.8%; The STANDARD & Poor's 500 index fell 1.26%; The Nasdaq fell 2.26%. As Brainard turned hawkish, 10-year Treasury yields surged as high as 2.54% and the DOLLAR index rose to near 99.6

The price fell as low as $1918 and as high as $1944.6 before closing down $9.40 at $1923.3.

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