Gold market analysis

2021-03-25

March 25 th Today's volatility range: The trend of gold price is still subject to this week's downward pressure line. The yield of US Treasury bonds has no effect on gold price, but gold price is sensitive to the strength of US dollar. U.S. Treasury Secretary Yellen and Federal Reserve Chairman Powell are optimistic about the economic prospects of the United States, stimulating the pursuit of the US dollar, and the price of gold will continue to be under pressure. Today, the proposed amplitude is between 1725 and 1741. The SARS-CoV-2 epidemic can't be driven away in Hong Kong. The year-long epidemic prevention struggle has made people tired of fighting against the epidemic. The epidemic often rebounds after the government relaxes social measures slightly. Group infections have occurred many times. This time, "fitness group" is the origin of fatigue in The 5th Wave. When will the epidemic be over? And one of the programs to control the epidemic is vaccination program. Unfortunately, both vaccines purchased by the Hong Kong Government have died after vaccination, which scared the public and immediately cracked down on the vaccination rate. But yesterday, some people who wanted an injection came back disappointed. Because of the packaging problem, Fubitai vaccine announced that it would suspend its vaccination, but most people were not informed, and the staff in charge of the vaccination center failed to explain. It was not until 10: 00 a.m. that the Hong Kong government made an announcement, which was 1.5 hours behind Macao. The efficiency of civil servants, which the Chief Executive is proud of, was once again compared! Due to the vaccine accident, investors feared that the epidemic would hit the progress of economic recovery, and the north continued to flow out. The local stock market opened lower and closed lower yesterday, and the Hang Seng Index was almost at the lowest level yesterday It fell below the 28000 mark and closed down by 579 points or 2.03%. The European epidemic has deteriorated again, and Germany has extended social restrictions. German Chancellor Angela Merkel said that the suspension of the Easter blockade is A mistake, because this kind of plan can not be implemented, and she apologized to the public for the government's arrangement. Europe's three major stock markets developed individually, and Germany's DAX index fell 0.35%. While British and French stock markets rebounded, with French CAC index rising 0.03% and British FTSE 100 index rising 0.20%. Yesterday morning, the article mentioned that consumers will soon be able to buy with Bitcoin Tesla's tram, unexpectedly this morning, has become a reality. Tesla founder and CEO Musk said yesterday that he immediately accepted customers in the United States to pay for their trams in bitcoin. Outside the United States, customers will accept the same payment arrangements later this year. However, the new payment method does not help Tesla's share price. Perhaps investors are more worried that the bitcoin exchange price will affect the stability of the company's revenue. Tesla's share price plummeted by 4.8%, becoming a locomotive for the decline of technology stocks. And led the overall stock market in new york to fall, the three major indexes reported losses and closed, and the Jones index fell 0.01%; The Standard & Poor's Index fell 0.53%; Nasdaq index fell 2.01%. US Treasury Secretary Yellen and Federal Reserve Chairman Powell continued to speak in the US Congress, and both expressed optimism about the US economic recovery, while Standard & Poor's also raised its forecast for the US economy this year, predicting that the US GDP will grow to 6.5% in 2021. The US dollar is supported, and the US dollar index is close to 92.5 points. The gold price reached a minimum of US$ 1,723 per ounce yesterday, and then gradually rebounded. With the decline of US stocks, capital hedging supported the gold price, reaching a maximum of US$ 1,738 per ounce. It closed at $1,734 per ounce, up $7. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-24

March 24 th Today's volatility range: The price of gold is now weak. The decline in the yield of US Treasury bonds has no effect on the price of gold. On the contrary, the price of gold is sensitive to the strength of the US dollar, and Federal Reserve Chairman Powell once again downplayed the United States The inflation risk makes the trend of gold price weaker, and the trend of gold price falls below the rebound support level in early March. If the range from 1728 to 1732 cannot be stabilized in recent days, the psychological barrier of USD 1,700 will be tested. Selling gold is more favorable. Today, the proposed amplitude is between 1715 and 1732. The unemployment rate in Hong Kong is high, with the latest figure of 7.2%. The Secretary for Labour and Welfare, Law Chi-kwong, said in a radio interview yesterday that the worst time of unemployment in Hong Kong may have passed. I believe that the unemployment rate coming out next month will have a lower chance of rising. By the way, he defended his previous speech advocating "job sharing", saying that according to the survey, compared with the dismissal of employees, Generally, wage earners prefer to take unpaid leave. Director Luo is known for his high IQ in politics. He can't think of one person working in the government, and the logic is so one-way. This binary answer is asked when he is robbed It's the same as "asking for money or killing me", so the statistical answer must be misleading! Compared with civil servants who work at home for a long time, Treatment is like heaven and earth, so I hope Secretary LAW will stop fooling the public with such remarks. Yesterday, someone took the vacant change shop as the contact address, and cheated a citizen who planned to invest in Bitcoin of HK$ 3.85 million. I hope the police can solve the case as soon as possible and repay the victim's losses. Yesterday, Bitcoin closed at about 54,000 US dollars each, starting from the beginning of this year, the increase was close to 90%; Bitcoin is gradually accepted by the market, and different fund companies and insurance companies will also use Bitcoin Included in its investment portfolio, there are commercial groups issuing Bitcoin credit cards. Even Musk, the founder of Tesla, the world's richest man, revealed that consumers will soon be able to use Bitcoin to buy Tesla trams. And bought bitcoin worth $1.5 billion in February this year. It is conceivable that bitcoin will attract more people's attention because of the attractive rate of return and the popularization of cryptocurrency. In fact, there are different ways to invest in cryptocurrencies, and our company also provides trading methods, and we don't need to set up our own electronic wallet and worry about losing the password. Please inquire. Yesterday, Hong Kong's stock market was first high and then low, and the 29,000 mark was lost and recovered. The Hang Seng Index closed down 387 points or 1.36%. The balance sheet of the European Central Bank expanded by 0.3% in the past week. It reached a record 7.16 trillion euros, and it is expected that the emergency epidemic assistance fund has been used to divert water to save the market. However, the European Central Bank announced earlier that it planned to accelerate the pace of buying bonds, and the epidemic situation in Europe worsened again. The three major European stock markets have developed individually, among which the German stock market closed high for two consecutive days, the German DAX index continued to rise by 0.03%, while the British and French stock markets fell, and the French stock market fell for three consecutive days. French CAC index fell 0.39%, while British FTSE 100 index fell 0.40%. The U.S. stock market took on the worsening atmosphere of the epidemic in Europe and opened down. In addition, the sales volume of new houses in the United States last month announced yesterday was very unsatisfactory. The month-on-month drop of 18% became an excuse for the market decline. The three major indexes of the new york stock market opened lower and the Dow Jones index fell 0.94%; The Standard & Poor's Index fell 0.74%; Nasdaq index fell 1.14%. Gold price was weak again yesterday, and the epidemic situation in Europe worsened again. Funds flowed out of the stock market and were placed in the US dollar, and the US dollar index went up. Gold price also digested the influence of the yield of US Treasury bonds, and did not benefit from the rising price of Treasury bonds yesterday. On the other hand, Federal Reserve Chairman Powell once again played down the inflation risk in the United States, causing the gold price to fall below 1,730 US dollars per ounce. The highest price of gold in US dollars was 1,742 US dollars per ounce yesterday, and the lowest price was 1,724 US dollars per ounce. It closed at $1,727 per ounce, down $12. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-23

March 23 rd Today's volatility range: Gold price returns to consolidation pattern. The yield of U.S. treasury bonds has been checked, and the market has reached a consensus on the trend of the yield of treasury bonds for 10 years. The recent performance of gold price seems to be digesting the influence of the change of yield of treasury bonds. In addition, there is no significant data in the market recently, so it is expected that the gold price will continue to consolidate in a narrow range. Today, the proposed amplitude is between 1729 and 1748. HSBC Central Head Office was listed by the government for compulsory inspection last Tuesday because three employees were diagnosed with SARS-CoV-2 earlier. HSBC senior management took the initiative to close the whole bank for cleaning and disinfection. The head office reopened yesterday after stopping its operation for 5 days. Although some employees returned to their work places, they may have gone back to carry the burden; It was reported that HSBC held a staff meeting by video. Announcing a new round of layoffs, HSBC's layoffs follow the layoffs of 40 Hong Kong employees in September last year. Although the number of layoffs in this round is unknown, a person familiar with the matter said that, There will be more retrenchments in Hong Kong than last time, and some vacancies arising from retrenchment will be taken over by mainland authorities. The slogan HSBC is the Bank of Hong Kong people has become a thing of the past in July last year. But in the face of cruel facts, it still hurts. In addition to layoffs from large organizations, Hong Kong's economy has been hit by an epidemic in the past year. Even the "kings" in prosperous areas such as Causeway Bay and Tsim Sha Tsui, which used to be hot in the past, have suffered a great decline in business due to the decrease in tourists. As a result, the overall vacancy rate has risen. According to the information released by the Rating and Valuation Department yesterday, the rental value of a building in Russell Street, Causeway Bay has dropped by nearly 40% year on year! You know, the king who holds the purse strings is usually a powerful person. Unless they are forced to do so, they would rather empty the premises than reduce the rent, so as not to affect the valuation. Nowadays, they do not know when to bury their tails in the face of the The 5th Wave epidemic. It may be the new normal for the owners to face the reality. The trend of the local stock market was repeated yesterday. After the turnover was reduced to a new low of 134.2 billion yuan this year, it once again fell below the 29,000 mark and closed down by 105 points or 0.36%. There is a dispute between the EU and the UK on the export of vaccines made in EU countries, and the authorities seek to break the deadlock with the UK on AstraZeneca vaccines. As a developed country, the supply of vaccines is so tight, The epidemic situation may be as pointed out by the British Ministry of Health officials, and it will be necessary to wear masks for a long time in the next few years. The three major indexes of European stock markets developed individually, and the German DAX index rose by 0.29%; The French CAC index fell 0.49%, The FTSE 100 Index rose 0.27%. Yesterday, the yield of US 10-year government bonds fell. Investors returned to high-tech shares and led the overall new york stock market to rise. The Dow Jones index rose by 0.32%; The Standard & Poor's Index rose by 0.70%; Nasdaq index rose 1.23%. The price of gold was weak yesterday, which did not benefit from the falling yield of US Treasury bonds. The highest price of gold was $1,743 per ounce yesterday. The lowest price was $1,727 per ounce, and it closed at $1,739 per ounce, down $6. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-22

March 22 nd Today's volatility range: Last week, the price of gold fluctuated inversely with the yield of 10-year US Treasury bonds, and the market also agreed that the yield of 10-year US Treasury bonds would rise to about 2%. The recent performance of gold price also seems to be digesting the pressure of rising debt interest. And slowly get rid of the decline brought by February, as long as the inflation in the United States comes again, the real interest rate will be pushed down, which will benefit the performance of gold price. There is a good chance to try this month's high of $1,761 per ounce this week. Today, the proposed amplitude is between 1730 and 1752. Chinese and American high-level officials held a strategic dialogue in Alaska, USA on Thursday. In the first meeting, the two sides launched a scolding war over the issues of Xinqiang, Hong Kong and Taiwan Province, and the whole audience was full of gunpowder. To sum up the three meetings held in two days, both sides stated that they had not made any progress on substantive issues, and had not paved the way for future meetings between the top leaders of the two countries. Recently, the United States paid close attention to China in Asia, and held leaders' talks with Japan, India and Australia in the "Four-Party Security Dialogue", which was tougher than Trump's China policy. This may not be what the President of the State has budgeted for by officials who are close to each other. On the same day that the talks between China and the United States ended, Chinese Vice Premier Han Zheng delivered a speech at the China Development Forum. He said that China is willing to strengthen coordination with other countries and promote the world economy. At the same time, he said that China's development pattern is a more open international and domestic double cycle. Apart from being self-reliant in science and technology, It will adjust and optimize the import tax policy, further reduce the negative list of foreign investment access, and promote the orderly opening of the service industry to attract more foreign-funded enterprises. Han Zheng's speech is remarkable, showing neither weakness nor loss in the world's largest economy on the economic level, but his speech clearly proves that China still has shortcomings in science and technology. If you want to be strong, you must catch up. The mainland Kexing vaccine and the German Fubitai died after vaccination in Hong Kong, and the COVID-19 vaccine developed by AstraZeneca and Oxford University also went wrong. People around the world have been vaccinated one after another AstraZeneca vaccine resulted in severe allergy or thrombosis, and one person died in Italy after receiving Oxford vaccine. Several European countries announced the suspension of AstraZeneca SARS-CoV-2 vaccine. The vaccine accident will definitely slow down the control of COVID-19 epidemic in various countries and slow down the economic recovery. The Japanese government officially announced that it would refuse foreigners to enter the Olympic Games, Raw materials, a four-year sports event, will bring prosperity to Japan's tourism industry, and it is unexpected that Japan will bear a lot of economic losses; Germany has announced the extension of social isolation measures. The British government has even warned that people should be prevented from bringing the variant virus back to China after traveling abroad, and said that they will still wear masks to spend the day in the next few years! Last week, as a result of the US Federal Reserve's interest rate decision, Fed officials voted unanimously to keep 0-0.25% unchanged. Federal Reserve Chairman Powell made a speech after announcing the results of interest rate decision, and his performance was still dovish. With the re-opening of the economy, prices are expected to rise relatively moderately, and a model of moderate growth has been established, but the strongest growth has yet to come, and 10 million people are still unemployed. We will consider collecting water only when the comprehensive data is good. At this stage, the Fed still maintains the current form of asset purchase. However, when talking about the rising yield of US Treasury bonds, He only responded with free financial and economic speech. His Powell's gentle wording condoned the rise in the yield of US Treasury bonds, and the yield of 10-year Treasury bonds rose to 1.72% in one fell swoop Last week, the price of gold was affected by the yield of U.S. treasury bonds. The yield of 10-year treasury bonds rose from 1.62% to 1.7% and then fell. However, Powell's mild wording on the yield of treasury bonds caused the price of treasury bonds to fall again. The yield of 10-year treasury bonds rose to 1.72% in one fell swoop, which caused the gold price to fluctuate reversely. Last week, the highest price of gold was $1,756 per ounce, and the lowest price was $1,719 per ounce, closing at $1,745 per ounce. It rises by 18 dollars a week. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-19

March 19 th Today's volatility range: Gold price was riding a roller coaster yesterday. The soaring yield of US 10-year treasury bonds pushed down the price of gold, and the price of gold closed below $1,740 per ounce, possibly continuing to consolidate between 1720 and 1740. Today, we will use this position to make today's suggested amplitude. Ocean Park has applied to the Legislative Council for a new grant of about 6.8 billion yuan, which is more than the 5.4 billion Hong Kong dollars allocated by the government last year. Whether the rescue operation in Ocean Park is effective is still unknown. But the Hong Kong government is no different from drinking poison and quenching thirst; The reason why Ocean Park fell into financial difficulties was that the number of visitors decreased and the income decreased due to the epidemic situation. However, in the past, the park management focused on mainland tourists. Poor management and abundant culture in the Mainland provide Hong Kong people with special experience. For example, the hygiene of toilets is more frightening than that of "hello", and the charges are not cheap. Many Hong Kong people have been deterred. The Ocean World, which is operated in Hengqin across a bridge, is more competitive in terms of facilities and charges. Besides, Hong Kong has successfully transformed into a mainland city recently. At the same time, the attraction to compatriots in the Mainland has declined. It is difficult for Ocean Park management to imagine that tourists will return to the peak after the epidemic. Hang Seng Index continued its upward trend on Wednesday. It rose by 500 points yesterday, but the price of US Treasury bonds fell before the market closed, limiting the increase, and finally closed up by 371 points or 1.28%. Yesterday, the Bank of England announced the interest rate decision, keeping the benchmark interest rate unchanged at 0.1%, and keeping the bond purchase scale of 895 billion pounds unchanged, both of which met market expectations. According to the statement on interest rate, Members of the Bank of England pointed out that the economic outlook is still uncertain, and they do not intend to tighten monetary policy until significant progress is made in achieving the 2% inflation target. European Central Bank President Lagarde called on European Union governments to start operating the 750 billion euro recovery fund without delay before the Bank of England announced the results of interest rate decision. It is stated that only by improving the economic prospects of enterprises and families can the effect of monetary policy measures be strengthened. Lagarde also expressed his views on the recent rise in the yield of national debt in the European Parliament. I don't want to see any increase in the yield of government bonds that may hinder the recovery. If the yield of government bonds leads the economic recovery, the European Central Bank will prevent the yield of government bonds from rising. Lagarde's remarks against the yield rate stimulated European stock markets, and the three major indexes of European stock markets rose, and the German DAX index rose by 1.23%; French CAC index rose by 0.13%, while British FTSE 100 index rose by 0.25%. Under the same problem, Federal Reserve Chairman Powell and Lagarde's responses were quite different. When Powell was asked by reporters about the yield of US Treasury bonds when he announced the interest rate yesterday, He responded with free speech in finance and economy. His reply implied that the Federal Reserve would not intervene at this stage, and Powell's mild wording connived at the rising yield of US Treasury bonds. The yield of 10-year government bonds rose to 1.72% in one fell swoop, and the new york stock market fell first, and the Dow Jones index fell 0.46%; The Standard & Poor's Index fell 1.48%; The Nasdaq index was even worse, falling more than 3%. Yesterday, the price of gold was riding a roller coaster. The highest price of gold was $1,756 per ounce. The yield of US 10-year treasury bonds soared to 1.72%, pushing the price of gold down to $1,719 per ounce. However, the attraction of the national debt price also caused the stock market to fall, and funds flowed into the gold market to avoid risks, closing at $1,735 per ounce, up $3. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-18

March 18 th Today's volatility range: The Fed's interest rate decision remains unchanged, and Powell's dovish wording makes the US dollar lower, which leads to the gold price. However, the rising yield of national debt will affect the performance of gold price. Suggested volatility is between $1740 and $1758. A total of seven people died in Hong Kong after being vaccinated with Kexing vaccine. Even though some experts reported that they believed that the incident was not directly related to vaccination, they could not confirm that it was related to vaccination. However, the vaccination rate is still low in recent days, and a large number of people have fallen to the bottom. Even if the government lowers the requirements of vaccinators, it cannot reverse the situation. The Hong Kong government twisted all the six unions, and the expectation of kindness and prestige was improved; Chen Zhaoshi, the former Secretary for Health, warned by scare, saying that if the epidemic situation in Hong Kong rebounds and the vaccination rate is not satisfactory, it may be necessary to tighten the epidemic prevention measures again, while Chief Executive Carrie Lam plays the role of a good person. When she attended the Legislative Council yesterday, she said that she would consider providing incentives to attract people to vaccinate, including customs clearance and relaxing social restrictions. She also said that she had proposed with the relevant departments of the central government, If Hong Kong people are vaccinated with two doses, can they relax some restrictions on entering the Mainland? According to the online booking system provided by the government, the number of booking people has indeed improved. According to the latest global financial center index compiled by a British think tank and Shenzhen Comprehensive Development Research Institute, Hong Kong ranks fourth among 114 regions in the world. The Hang Seng Index rose by 0.02% yesterday. The European epidemic seems to be showing signs of slowing down. The EU is considering introducing vaccination certificates to allow vaccinated people to have greater freedom of movement in EU countries, thereby saving tourism and considering The Vaccine Passport Scheme was extended to other countries with extensive vaccination. However, it was revealed yesterday that the European Union did not recognize the COVID-19 vaccine developed by China. In terms of data, the consumer price index of EU last month increased by 0.9% as expected. After the German carmaker Volkswagen announced its tram plan, its share price rose by 16% yesterday and closed up by 13%. The market value of Volkswagen became the heaviest share in DAX index. Leading the German DAX index to rise by 0.28%; While the French and British stock markets failed to keep up, the French CAC index fell by 0.01%, and the British FTSE 100 index fell by 0.57%. Last night, in the early hours of the morning, Fed officials voted unanimously to keep 0-0.25% unchanged. Federal Reserve Chairman Powell delivered a speech after the announcement of the interest rate decision, and the wording was still dovish. It is said that with the re-opening of the economy, people will start to increase consumption, which means that a relatively moderate increase is expected, and a moderate growth model has been established, but the strongest growth has not yet arrived, and 10 million people are still unemployed. We should consider collecting water only when the comprehensive data points out well. At present, the Fed still maintains the current form of asset purchase, and will not raise interest rates until 2023. Dove speech warmed the market, and the Dow Jones index rose by 0.58; The Standard & Poor's Index rose by 0.29%; , Nasdaq index rose 0.40%. Gold prices continued to consolidate in Asian markets yesterday, rising and falling in the range of $1,733 to $1,738, and expanding in European markets. Yesterday, the lowest price of gold was $1,724 per ounce, and Powell's dovish words made the dollar lower, which led to the highest price of gold, reaching $1,745 per ounce and closing at $1,732 per ounce, up $13. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-17

March 17 th Today's volatility range: Gold price continued to consolidate yesterday, and the yield of U.S. 10-year treasury bonds and the trend of the U.S. dollar continued to cut the price of gold, while investors were observing the results of the Federal Reserve's interest rate decision announced this morning. Gold will still consolidate in a narrow range during the Asian market. Maintain the suggested volatility between $1720 and $1740. Yesterday, the Executive Council approved the fare increase applications of four franchised bus operators, with an average increase rate of 8.5% to 12%, which was the largest approved increase rate since the introduction of the franchise bus fare increase or decrease mechanism by the Government in 2006. In fact, in the past, the public has become sick of the government mechanism, and derided it as a "mechanism that can be added" no "but reduced", and no bus operator has ever reduced the price. Representatives of guild members explained that the arrangement had taken into account the affordability of the public, but the unemployment rate in Hong Kong reached a 12-year high, rising to 7.2%, and the epidemic continued to drag down the economic performance of Hong Kong. However, the members of the guild who are specially expensive have lost their hearts in lard, and they don't keep their prices down as usual. They directly approve the grant for the whole amount, which means they are firmly off the ground? Or indifferent to the sufferings of the people? . Hang Seng Index rose 0.66% yesterday due to shrinking turnover. Volkswagen, a German carmaker, announced plans to build six battery factories in Europe and invest in charging stations worldwide, apparently planning to take a share in the tram market. Volkswagen is exploring the market with a brand-new design, or using classic models, such as "electric beetles" to capture powder and stir-fry, which attracts attention and expectation! The German ZEW economic prosperity index announced yesterday was better than market expectations, leading the three major indexes of European stock markets to rise, and the German DAX index rose by 0.66%; The French CAC index rose by 0.32%, The British stock market was not afraid of people demonstrating on the streets in London, and the FTSE 100 index rose 0.17%. It is said that US President Biden intends to increase taxes to keep the dollar strong. But this is to be expect, Imagine that after launching the $1.9 trillion bail-out case, it plans to invest heavily in infrastructure projects. Where does the money come from? You can't just live on credit, so it is inevitable to increase taxes. In addition to economic needs, tax increase is also a political task for the Democratic Party of the United States, which controls the US Congress. It was analyzed as early as the US presidential election. If you are interested in Batasida, you can look for it yourself and revisit it. Tax increases directly cut corporate profits. In addition to the appalling US retail data released last night, the core retail sales index of the United States last month showed a negative growth of 2.7%. It was the worst performance since the Great Depression in 1929, except the first quarter after the outbreak of COVID-19 last year. News and data hit investor sentiment, and the Dow Jones index ended seven consecutive rises. Down by 0.39; The Standard & Poor's Index also broke the cable, down 0.63%; Technology stocks remained supportive, with the Nasdaq index up 0.09%. Gold prices continued to consolidate yesterday, with volatility and no increase. The yield of U.S. ten-year treasury bonds and the trend of the U.S. dollar continued to cut the price of gold, reaching a minimum of $1,726 per ounce. Except for the appalling retail sales data released last night, Gold price fluctuated greatly and rose to the highest level of $1,741 per ounce and dropped rapidly. Most of the gold price fluctuated in the range of $1,730 to $1,735 throughout the day, closing at $1,732 per ounce, even yesterday's closing price. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-16

March 16 th Today's volatility range: Gold price fluctuated within a narrow range yesterday, and the fall in the yield of U.S. 10-year treasury bonds and the rise of the U.S. dollar cut the price of gold, because the yield of U.S. 10-year treasury bonds returned to 1.60%, which made gold go up. However, the pursuit of the US dollar limits the increase of gold price, and gold may still fluctuate in the range at this stage, trying to reach 1,740 dollars. Tomorrow, the Federal Reserve will discuss interest rates, and the suggested volatility will remain between $1,720 and $1,740 until the results are available. A total of seven people died in Hong Kong after being vaccinated with Kexing vaccine. After evaluation, the expert Committee said that it believed that the incident was not directly related to vaccination, while the other two cases of facial paralysis occurred after vaccination. Nor can it be determined that it is related to vaccination; Even though some experts reported blessing, the death caused panic among the public, and the vaccination rate was low recently. Secretary for Health Chen Zhaoshi warned that if the epidemic situation in Hong Kong rebounds, The vaccination rate is not ideal, or the epidemic prevention measures should be tightened again. The Hang Seng Index rose by 1.4% based on mainland economic data. Secretary Chen's speech shocked Hong Kong stocks, and the closing price of the Hang Seng Index narrowed significantly to only 0.3%. In addition to the accident of Kexing vaccine in the Mainland, the COVID-19 vaccine developed by AstraZeneca and Oxford University is also out of order. People around the world have suffered from severe allergy or thrombosis after receiving AstraZeneca vaccine. In Italy, one person died after receiving Oxford vaccine, and the authorities are waiting for detailed examination results to determine whether the cause of death is related to receiving Oxford vaccine. World Health Organization officials said, There is no evidence that the vaccine is related to thrombosis, and it is recommended that countries continue to vaccinate this vaccine; Unfortunately, contrary to expectations, many European countries announced the suspension of AstraZeneca SARS-CoV-2 vaccine. Investors are worried that the European economic recovery will be blocked. The three major indexes of European stock markets will rise first and then fall, and the German DAX index will fall by 0.28%; French CAC index fell 0.18%, while British FTSE 100 index fell 0.17%. Leonhardt, chief economist of the World Bank, said that rising food prices and inflation have different impacts on countries. Because the global economy is in an unbalanced state, funds will flow out of emerging markets to strong economies. It may be seen that there will be interest rate hikes in emerging markets in the near future to fight against currency depreciation and suppress inflation. The key is whether the rising interest rates in these emerging market countries will lead to a global interest rate hike. The market continued to have full confidence in the performance of the US economic recovery, and funds poured in, pushing up the new york stock market. The Dow and the benchmark index broke the top again, and the Dow Jones index rose for 7 days, up 0.53; The Standard & Poor's Index also rose for five consecutive days. Up 0.63%; Technology stocks were driven by Tesla to reverse last week's decline, and Nasdaq index rose 1.63%. Gold price fluctuated yesterday, and the yield of U.S. ten-year treasury bonds fell and the dollar rose, which cut the price of gold. Gold price fluctuated within a narrow range yesterday, with the highest price reaching $1,734 per ounce and the lowest price reaching $1,722 per ounce, closing at $1,732 per ounce, up $5. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-15

March 15 th Today's volatility range: The price of gold fluctuated last week, which was obviously influenced by the yield of US 10-year treasury bonds. However, we should pay attention to the drop in the price of US treasury bonds last Friday, and the yield of US 10-year treasury bonds exceeded 1.62%. However, the price of gold has repeatedly tried $1,700 without breaking, and the trend seems to have gradually strengthened. At present, gold may still fluctuate in the range, trying to reach $1,740. Today's proposed volatility is between $1720 and $1740. The COVID-19 epidemic in Hong Kong reversed again. As of Sunday evening, there were 24 new cases in Hong Kong, of which 10 were unknown cases, and 109 people were infected in the fitness group. Hang Seng Index opened last Friday and rose higher on Thursday. However, as soon as the interest rate of the epidemic was cleared, investors feared that the epidemic would turn into The 5th Wave, regardless of the old and new economic sectors, they would still sell goods. The Hang Seng Index finally fell below the 29,000 mark, closing down 2.4%, turning the whole week's increase into pollution in one day. Contrary to the situation in Hong Kong, the epidemic situation in Europe seems to be slowing down. The EU is considering introducing vaccination certificates to allow vaccinated people to have greater freedom of movement in EU countries, thereby saving tourism. On Thursday, the European Central Bank announced that it would keep the central bank interest rate unchanged. After that, European Central Bank President Lagarde made a speech on the prospects of monetary policy. She said that although the European epidemic showed signs of easing, However, it called on EU countries not to stop the epidemic assistance too early to stimulate the economy, and reiterated that the European Central Bank will help ensure that enterprises and families get the necessary funds. At the same time, there is no need to worry about premature tightening of financing conditions. The three major indexes of European stock markets went up last week, the German stock market reached a new high, and the German DAX index rose by 3.4%; French CAC index rose 2.21%, while British FTSE 100 index rose 1.97%. Last week, the data released by the United States was rather uneven, and the number of people applying for unemployment benefits for the first time in the United States decreased to 712,000 last week, indicating that the US labor market has passed the worst time. U.S. Treasury Secretary Yellen told the media that the $1.9 trillion epidemic relief plan would help the U.S. economy recover, and did not think that the plan would lead to high inflation. He also said that he was confident that Biden administration could push the American labor market back on track next year at the latest. The three major indexes of the new york stock market rose, and the Dow and the Standard Index broke the top in one week. Dow Jones index rose 4.1%; Standard & Poor's Index rose 2.7%; However, technology stocks were soft, with Nasdaq index falling 3.2%. Gold price fluctuated last week, and it opened on Monday under the pretext that Saudi Arabia was attacked. However, the price of gold is obviously influenced by the yield of US ten-year treasury bonds. The yield of US treasury bonds rose to 1.6% before the epidemic last Monday, and the price of gold fell to a low of 1676 US dollars per ounce in April last year. After that, the US House of Representatives passed the $1.9 trillion COVID-19 epidemic rescue plan, and the yield dropped to 1.5%. The gold price failed to hit $1,740 per ounce, but with the fall of US Treasury bond prices, On Friday, the price of gold repeatedly tried $1,700 per ounce without breaking, and finally closed at $1,727 per ounce, rising by $26 a week. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-12

12 March Today's volatility range: The price of gold rose first and then fell yesterday, and the yield of US ten-year treasury bonds rose again. In addition, the strengthening of the US dollar hit the upward trend of gold prices. However, after the opening of gold yesterday, the price of gold continued to rise. And try to rush to 1740 US dollars per ounce, which may exert strength after the market outlook. At present, gold may still fluctuate in the range, trying to break through yesterday's resistance. It is expected that today's proposed volatility will be between $1,720 and $1,740. Yesterday, one more person in Hong Kong died after being suspected of being vaccinated with Kexing vaccine, which is the fourth case since the vaccination program started. A series of vaccine accidents caused panic in the whole city. It caused a large number of people who had made an appointment for injections to "drop the bottom" and caused a chain reaction, involving the imported Fubitai vaccine, which was launched on the 10 th of this month. According to media reports, 10% of the citizens "let off the plane", and the Department of Health hastily reissued the injection guidelines. In fact, it is not only Hong Kong that has been hit by the Kexing epidemic, but the cumulative number of people vaccinated with Kexing vaccine worldwide is about 44 million. Only 56 of them died, accounting for 0.00013%; In Hong Kong, about 120,000 people were vaccinated with Kexing vaccine, and 4 of them died, with a mortality rate of 0.003%, 230 times higher than the global figure. However, it is possible that Hong Kong people are physically weak, and the Chief Executive deliberately requested to go to Beijing without happiness. The motherland is also concerned about Hong Kong, and the vaccines were hurriedly delivered before the third clinical report of Kexing Vaccine was completed. Hong Kong stocks rose continuously for the third day yesterday, leading the Hang Seng Index to rise by 1.6% with the success of technology stocks. The European Central Bank announced the results of interest rate decision yesterday, and all interest rates remained unchanged. Meet market expectations. European Central Bank President Lagarde made a speech on the prospect of monetary policy after the interest rate was announced, saying that inflation is likely to reach 2% by the end of this year. It has also been noted that the yield curve of national debt has risen, but the ECB will not control the yield curve for the time being and will keep the policy previously decided by the ECB unchanged. But she reiterated her appeal, Although the epidemic situation in Europe is showing signs of easing, EU countries should not stop the epidemic assistance too early to stimulate the economy. The three major indexes of European stock markets went up, the German stock market reached a new high, and the German DAX index rose by 0.26%; French CAC index rose by 0.72%, while British FTSE 100 index rose by 0.20%. US President Biden signed and implemented the $1.9 trillion COVID-19 epidemic relief plan early last night, one day earlier than originally planned. Coupled with the ideal employment data, the number of people claiming unemployment benefits for the first time in the United States last week was 712,000, which was better than the market expectation. Two news stimulated investor sentiment, and the three major indexes of new york stock market rose. The Dow and the Standard Index broke the top, and the Dow Jones index rose 1.46%; Standard & Poor's Index rose by 0.61%; However, technology stocks were soft, and Nasdaq index fell 0.04%. Gold prices rose first and then fell yesterday. After the gold market opened yesterday, the price of gold continued to rise, but it failed to hit $1,740 per ounce and began to soften. The US employment data was ideal, which stimulated the dollar to rise. The yield of the ten-year treasury bonds in the United States also rose to 1.54%, forcing the gold price to fall further. Yesterday, it closed at $1,722 per ounce, down $5. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-11

March 11 th Today's volatility range: Gold price continued to rebound yesterday, the yield of US 10-year treasury bonds was lowered, and the US$ 1.9 trillion of the epidemic relief plan was about to enter the market. The new supply pushed down the US dollar index and contributed to the increase of gold. However, the earlier increase in yield actually reflected that the market expected inflation to come, which would benefit the performance of gold price. On the other hand, the economic recovery momentum in the United States will depress the price of gold, so gold has not yet confirmed its turn at this stage, and it is testing the downward trend of rising through two days, and it is expected that it will still struggle between 1700 and 1740 dollars in the short term. Today's proposed volatility is between $1719 and $1732. Title: Wrong abacus Cathay Pacific announced its results, and SARS-CoV-2 hit the global aviation industry, resulting in a total loss of HK$ 21.648 billion in 2020. Cathay Pacific laid off employees in October last year in order to tighten spending, and announced the end of its Dragonair operation. The Hong Kong government borrowed money and shares in private companies for the first time, pumping nearly HK$ 30 billion to save Cathay Pacific. However, judging from the transcript, it seems that some people in the Hong Kong government miscalculated. Will Cathay Pacific delay or even walk away in the end, and finally fail to recover taxpayers' money? I hereby appeal to the rich man to be careful! It's not just the Hong Kong government that has miscalculated. Cathay Pacific suffered such a huge loss. First, the aviation industry was sluggish and its income was greatly reduced. However, the fuel hedging loss appeared in Cathay Pacific's donation statement for a long time. In the past year alone, it lost more than HK$ 3 billion. In the past 10 financial years, the accumulated net loss of fuel hedging was about HK$ 28.5 billion. Cathay Pacific's analysis and investment direction on international oil prices may be worse than that of Batroxobin here! Or Cathay Pacific can also consider giving back to the people of Hong Kong, and announce every hedge, which will scare everyone. The epidemic situation in Europe continues to ease. French Finance Minister lemerre told the media that France's economic recovery is strong, and it is estimated that France's GDP will increase by 6% in 2021. The news stimulated the stock market in the euro zone to rise. Germany and France rose for three consecutive days, the German stock market reached a new high, and the German DAX index rose by 0.71%; French CAC index rose by 1.11%, while British FTSE 100 index fell by 0.07%. The yield of US Treasury bonds fell to 1.5%, and the US House of Representatives finally passed the $1.9 trillion COVID-19 relief plan. President Biden will formally sign the implementation plan on Friday. The Biden administration is studying to increase investment in national infrastructure. Investors are worried that the US economy will accelerate its recovery from the epidemic, and cyclical stocks will lead the market, with the Dow Jones index rising 1.46%; Standard & Poor's Index rose by 0.61%; However, technology stocks were soft, and Nasdaq index fell 0.04%. Gold price continued to rebound yesterday, with the yield of U.S. 10-year treasury bonds lowered to 1.5%. In addition, the US$ 1.9 trillion of the epidemic relief plan is about to enter the market, and new supply pushed down the US dollar. The US dollar index fell below 92 points to 91.8, which contributed to the increase of gold. The lowest price of gold was US$ 1,708 per ounce yesterday, and the highest price was US$ 1,727 per ounce yesterday, rising by US$ 11. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator Https://t.me/mingtakchat [https://t.me/mingtakchat]

2021-03-10

March 10 th Today's volatility range: Earlier, the gold price did not fall below the US$ 1,675, which was greatly supported. Yesterday, the gold price rebounded sharply by lowering the yield of US ten-year treasury bonds to 1.53%. However, the trend of gold has not yet been confirmed at this stage. It is expected to fight for $1,700 in the short term. Today's proposed volatility is between $1702 and $1722. Hong Kong stocks rebounded yesterday, and the Hang Seng Index once rose above 29,000, closing at 28,773 points, up 0.81%. Refer to that performance of Hang Seng index in the past year, The Hong Kong stock market has taken the lead in recovering or even surpassing the pre-epidemic level even after the COVID-19 epidemic was not controlled, and the financial industry has obviously won the market. According to the online information of the Stock Exchange, The average daily turnover in the first two months of 2021 was 240.1 billion yuan, up 119% from 109.5 billion yuan in the same period last year. Compared with February last year, The market value of listed companies rose from HK$ 36,207.4 billion to HK$ 52,941.6 billion, a significant increase of 46.2%; The number of listed companies has also increased from 13,964 to 18,491, and the amount of funds raised last year reached HK$ 397.5 billion. The market is booming, and the edible cake is big, which naturally attracts more merchants to enter the market and hopes to get a share. According to the communication between the officials of the Treasury Bureau of Hong Kong and the media yesterday, the amount of funds raised in Hong Kong ranked second in the world last year. There are about 1450 licensed corporations engaged in securities trading in Hong Kong, and the number has also increased compared with last year. Some people missed the night and rushed to the science field, and some people resigned and returned to their hometown; Si Yiyi, Japan's largest online brokerage (SBI Holdings) plans to withdraw its business from Hong Kong in accordance with the National Security Law of the Port Area. Its chief executive, Kitaomi Yoshio, said, "Without freedom, there would be no financial business. 」 We should know that with the rise of China, Hong Kong is close to the mainland and facing the international community. It is a good place for financing and one of the best places for stock brokers to do business. Is it foolish or daring to withdraw funds now? Earlier, the EU considered introducing vaccination certificates to allow vaccinated people to have greater freedom of movement in EU countries, thereby saving tourism. Yesterday, he even said that the scheme would be extended to other countries that have been widely vaccinated, including China and Russia. As long as residents in the region can produce vaccination certificates, they will be awarded EU vaccination certificates. The three major European stock markets rose for two days, mainly driven by the technology stocks, but the cyclical stocks took profits, among which the decline of mining stocks limited the market increase, and the German DAX index rose by 0.4%; French CAC index rose by 0.37%; Britain's FTSE 100 Index rose 0.17%. The Biden administration's $1.9 trillion epidemic relief plan is just around the corner, just short of the last level in the House of Representatives. However, the market is looking forward to great opportunities. The U.S. dollar index fell slightly yesterday, but the yield of U.S. 10-year treasury bonds was lowered by 40 points, with technology stocks leading the market. The three major indexes of new york stock market rose across the board, and the Dow Jones index rose by 0.1%; Standard & Poor's Index rose by 1.36%; Nasdaq index retaliated greatly, soaring 3.69%. Gold prices rebounded strongly yesterday, Earlier, the gold price did not fall below the US$ 1,675, which was greatly supported. Yesterday, the yield of US ten-year treasury bonds was lowered to 1.53%, reaching a high of US$ 1,720 per ounce, and finally closed at US$ 1,716 per ounce. Up 33 dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-09

March 9 th Today's volatility range: With the soaring yield of treasury bonds and the rise of the US dollar, gold prices returned to the falling track. Fortunately, they did not fall below the support level of 1675, but they were still weak. Today's proposed volatility is between $1674 and $1701. UA Cinema announced the closure of the whole line yesterday. It was founded in 1985. It has shown countless excellent films and provided fantasy entertainment for Hong Kong people. It also has an organization that gave birth to the golden age of Hong Kong movies. Finally, he lost to the impact of COVID-19, and was ordered by the government to suspend business for many times under the long epidemic situation. He still had to pay huge rent and other expenses while he had no income, which ended abruptly yesterday. In Hong Kong, the land price is high, and the cost of operating cinemas is low. UA can withstand the low tide of movies that are copied into the city. However, in the face of competition from more entertainment platforms, it is only necessary to add a little audio equipment at home. If you apply for a Netflex account, you can enjoy good movie quality at home, so cinemas will always be eliminated in Hong Kong. Perhaps this epidemic has only advanced its steps. By the way, a warning sign is issued for real estate merchants. Pursuing high returns is like killing the goose that lays the golden eggs. Today UA is closed, and other cinemas are also in the cold winter. If they all choose to end, it will be the disappearance of an industry! Hong Kong stocks rose first and then fell yesterday. Although financial stocks rose with the support of the national policy, other Hang Seng Index constituent stocks went worse, and Beishui continued to flow out. The Hang Seng Index finally fell below the 29,000 mark yesterday. It closed down 1.9%, but its decline was only dwarfed by the Hang Seng Science and Technology Index. The soaring yield of US Treasury bonds made technology stocks with high P/E ratios bear the brunt. Yesterday, the Hang Seng Science and Technology Index fell by 3.81%, which was more than 26% higher than the all-time high set at the beginning of last month. There are signs of a decline in the number of people infected with COVID-19 worldwide. The United States recorded 42,000 new cases yesterday, while Britain had only 4.7 new cases, which is the country with the least new cases in Europe. Looking forward to the European economy overcoming the epidemic and getting back on the road, Investors sought after cyclical shares and drove the atmosphere of the whole market to improve. Yesterday, all three major European stock markets rose sharply, and the German DAX index rose by 3.31%; French CAC index rose by 2.08%; The FTSE 100 Index rose 1.34%. U.S. Treasury Secretary Yellen told the media that the $1.9 trillion epidemic relief plan would help the U.S. economy recover, and did not think that the plan would lead to high inflation. He also said that he was confident that Biden administration could push the American labor market back on track next year at the latest. Investors bet on old economic stocks and reduce their holdings of technology stocks with high price-earnings ratio. The three major indexes of new york stock market developed individually, and the Dow Jones index rose by 0.97%; Standard & Poor's index fell 0.5%; Nasdaq index was the worst, down 2.41%. Gold prices rose first and then fell yesterday. The price of gold rose this morning under the pretext of Saudi Arabia's attack, reaching a high of $1,714 per ounce. However, due to the US bond yield rising to 1.61% again and the recent strengthening of the US dollar, The U.S. dollar index is close to 92 points, and the gold price returns to the falling track. The lowest price is $1,676 per ounce, with a fluctuation of $38, and finally closes at $1,683 per ounce, down $18. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-08

March 8 th Today's volatility range: The gold price can still regain the $1,700 mark even when the US non-agricultural employment data is better than expected. In the early morning speech, Federal Reserve Chairman Powell has noticed the recent soaring yield of national debt. Although there will be no action in the near future, the market has been warned to a certain extent. Gold prices may rise this morning under the pretext of Saudi Arabia's attack. The suggested amplitude is between $1697 and $1714. The 14th National People's Congress of China was unveiled in Beijing after Friday. Premier Li Keqiang read a report on government work, pointing out that the main objectives and tasks of the 13th Five-Year Plan were successfully completed. He said that in the past year, faced with multiple severe impacts such as the sudden COVID-19 epidemic and the deep recession of the world economy, China's epidemic prevention and control achieved significant strategic results. The annual gross domestic product grew by 2.3%, making it the only country in the world with positive economic growth. Li Keqiang also pointed out at the meeting that the main expected goals of this year's development are, Increase GDP growth to more than 6%; More than 11 million new jobs were created in cities and towns, and the surveyed unemployment rate in cities and towns was about 5.5%. Consumer prices rose by about 3%. Following last week's mini-stock market crash, the north water flowed out. Hong Kong stocks were weak this week, and the Hang Seng Index fell 1.3% again. Hong Kong stocks are like a roller coaster on Friday. They plunged more than 700 points in the early stage. However, as the National People's Congress mentioned supporting banks to increase loans by 50%, the six major state-owned banks soared by 1.8% to 4.4%, leading the Hang Seng Index to recover most of the lost land, and still lost 0.47% in a single day. On Sunday night, there was a huge explosion in dhahran, a major oil town in Saudi Arabia and the headquarters of Saudi Aramco, the largest oil company in the world. Afterwards, Saudi officials said that they were attacked by drones. Fourteen drones have been shot down, and no human life or property has been donated. The US Embassy and Consulate in Saudi Arabia issued an early warning to local American citizens. The news of the attack will cause the market to pay attention to the tight supply of crude oil. Prices have the opportunity to fluctuate. The soaring yield of US Treasury bonds caused the stocks with high P/E ratio and high valuation to suffer. Tesla, an electric vehicle manufacturer with high P/E ratio, stalled and its share price closed below US$ 600 last Friday. The Nasdaq, which is dominated by technology stocks, fell by 1.86%. On the contrary, the expectation of economic recovery and the US non-agricultural employment data released on Friday were better than the market expectation. Support Dow Jones index and Standard & Poor's index to rise by 1.82% and 0.8%. The gold price remained weak last week, which was affected by the US bond yield rising to 1.5% again and the recent strengthening of the US dollar. The US dollar index is close to 92 points. The gold price fell below the US$ 1,700 mark last week, with a minimum of US$ 1,687 per ounce, but finally closed at US$ 1,701 per ounce, regaining the US$ 1,700 mark and still losing US$ 33 a week. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-05

March 5 th Today's volatility range: Gold price remained weak yesterday, and the yield of national debt rose again yesterday, which hit gold price. Federal Reserve Powell hinted that gold price would remain weak without intervention in the short term, with 1674 as the key position. There are non-agricultural data tonight, and it is expected that gold prices will fluctuate downward in Asian markets. Suggested volatility is between $1684 and $1695. The Heritage Foundation, an American think tank, and the Wall Street Journal jointly announced the new Global Economic Freedom Index yesterday. Hong Kong lost its first place last year, only to Singapore. This year is even more remarkable, and Macao was removed from this year's ranking. The editorial department of Wall Street explained that because the policies of the two Special Administrative Bureaus of Hong Kong and Macao that returned to China were "ultimately controlled by Beijing", Therefore, it was removed from the ranking list. Foner, the founder of the foundation, described Hong Kong's political freedom and autonomy as lost in the past two years. Hong Kong is in many ways related to major Chinese businesses such as Shanghai and Beijing The center is almost the same. Since the establishment of the Global Economic Freedom Index in 1995, Hong Kong has topped the list for 25 consecutive years. It's a pity to be excluded from the ranking list! But patriots can look at it from another angle. Ranking is just an empty title, which is in line with all of China, giving you honor! EU leaders will hold a video conference at the end of February to discuss border arrangements under the new pneumonia epidemic, and consider launching vaccination certificates to allow people who have received vaccination to have in EU countries Greater freedom of movement to save tourism, but German Chancellor Angela Merkel has indicated that epidemic prevention is more important and will not support it. The Eurozone announced yesterday that the number of unemployed people in the region increased by 8,000 and the unemployment rate 8.1%. Although it is better than expected, some institutional studies pointed out that during the epidemic period, because enterprises can keep their jobs by making false reports without pay, the actual number of unemployed people should be even larger. Employment data plus the UK Northern Ireland misunderstood the EU on the issue of Brexit. All three major European stock markets fell, and the German DAX index fell by 0.18%; French CAC index fell 0.01%; Britain's FTSE 100 index fell 0.35%. Speaking early in the morning, Federal Reserve Chairman Powell said that he noticed the recent surge in the yield of government bonds. He reiterated that the Federal Reserve will continue to maintain a loose monetary policy, saying that the Federal Reserve will constantly review the overall financial situation. Until the U.S. economy reaches its target. The market expects Powell to announce measures to lower the long-term debt interest rate in this speech, including the possible use of "Twist Operation" again. That is to reduce short-term national debt and increase long-term national debt. However, Powell told everyone to be patient, suggesting that the Federal Reserve will not take immediate action to limit the rise of the yield of government bonds, which is relatively weak The yield of US 10-year government bonds rose again, rising above 1.5%, the stock market did not run, the three major indexes of new york stock market closed low across the board, and the Dow Jones index fell 1.11%; Standard & Poor's index fell 1.28%; Nasdaq index fell 2.11%. The gold price was still weak yesterday. In the early period, the highest price of gold was US$ 1,723 per ounce. The yield of national debt rose again and the US dollar went up recently. The gold price fell below the US$ 1,700 mark. The worst was $1,690 per ounce, but it finally closed at $1,698 per ounce, down $14. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-04

Today's volatility range: Gold price remained weak yesterday, and the yield of national debt rose again yesterday, which hit gold price. The Federal Reserve stated that it would not raise interest rate before 2022 and Chicago welcomed 2% inflation to guarantee interest rate. Gold prices are expected to fluctuate today. The suggested volatility is between $1705 and $1723. Biden's administration tightened incentives to help cheque recipients qualify, The annual salary of individuals has dropped from $100,000 to $80,000. Under the new arrangement, Americans with an annual salary of more than $80,000 cannot receive a $1,400 aid check. Some people are disappointed by this arrangement, or do not understand the red line set by the Biden administration, but on the whole, American residents have received much better relief assistance than Hong Kong people can only receive HK$ 5,000 in coupons. The Census and Statistics Department of Hong Kong released the provisional statistics of retail sales in January yesterday. The data fell by 13.6%, which was a further decline from the 13.3% decline in December last year. The data of retail sales have been falling for 24 consecutive months, which shows that the retail industry has become riddled with problems under the double blow of social movements and the new crown epidemic, and the retail industry is one of the important pillars of the Hong Kong economy. Many wage earners depend on them for their livelihood, but it seems that the government has adopted the laws of nature and left them to fend for themselves. Financial Secretary Chen Maobo's $5,000 coupon is self-mouthing, Last year, it was said that consumer vouchers were ineffective in stimulating the economy, but this year, they were launched in five months. In order to distribute consumer vouchers, an additional HK$ 600 million will be allocated for administrative expenses to benefit the government, so as to seriously "shrink"! Recently, many officials of the Bank of England talked about the feasibility of the negative interest rate policy, saying that there is no evidence that the negative interest rate will affect the achievement of monetary policy objectives, and their remarks seem to be a warning. Investors believe that the probability of interest rate reduction will increase and the reduction of borrowing costs will benefit venture capital; In addition, the media reported that in order to strengthen the competitiveness of banks after Brexit, Britain is evaluating the reduction of bank tax. And it will be replaced by additional tax on bank profits. The news stimulated a number of banking stocks to rise and drove the atmosphere of the whole market to improve. Yesterday, all three major European stock markets rose, and the German DAX index rose by 0.29%; French CAC index rose by 0.35%; The FTSE 100 Index rose 0.93%. The number of non-agricultural employment in the United States increased by 117,000, which was worse than expected. The data hit the investment climate. The three major indexes of new york stock market opened lower and closed lower. Dow Jones index fell 0.38%; Standard & Poor's index fell 1.30%; Tesla founder Musk's SpaceX sounding plan was blocked. Yesterday, he planned to launch his rocket Starship. But the engine stopped launching for some reason after ignition. I don't know if it was a dead fire. Tesla fell nearly 5%, dragging down a series of tram stocks, and Nasdaq index fell 2.70%. Gold price was still weak yesterday. In the early period, the highest price of gold was 1,737 US dollars per ounce, which went down, and the lowest price was 1,702 US dollars per ounce after the data of non-agricultural employment was released. But it also rebounded to $1,724 per ounce, and finally closed at $1,712 per ounce, up $27. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-03

March 3 rd Today's volatility range: Gold price reversed its daily decline yesterday. Biden's $1.9 trillion economic stimulus plan will eventually stimulate inflation. Whether the US dollar turns first will affect gold price. Pay attention to the Fed's decision and remarks on raising interest rates. Coupled with the non-agricultural figures in the United States this week, gold prices are expected to fluctuate within a narrow range today. The suggested volatility is between $1728 and $1743. When interviewed by foreign media yesterday, Financial Secretary Chen Maobo said that increasing stamp duty would not affect the competitiveness of the Hong Kong stock market because stamp duty only accounted for a small part of the cost. And pointed out that the increase in stamp duty was moderate. However, stamp duty on stocks in Hong Kong is already the biggest cost in the whole stock trading process, so I don't understand the remarks made by Financial Secretary Chen. The market even interpreted it as an opportunity to increase stamp duty and immediately turned around and fell. Although Chen Maobo later clarified that there was no plan to withdraw stamp duty, the market did not sell accounts. The Hang Seng Index fell nearly 500 points. The whole day fell 356 points, and it narrowly kept 29,000 levels. Although the epidemic situation in Europe has not subsided, it has gradually relaxed the quasi-social restrictions. German Chancellor Merkel pointed out that it is necessary for Germany to partially lift the blockade. France plans to reopen the campus, and investors are eager to revitalize the economy. Yesterday, all three major European stock markets rose, and the German DAX index rose by 0.19%; French CAC index rose by 0.29%; The FTSE 100 Index rose 0.38%. Valensky, director of the US Centers for Disease Control and Prevention, warned that variant novel coronavirus may lead to the fourth wave of outbreaks in the United States, saying that about 70,000 confirmed cases were added every day last week, which is a very high number. Remind people not to relax. Yesterday, the United States began to vaccinate its citizens against Johnson & Johnson's single dose of COVID-19 vaccine, while the US government announced that Merck will assist Johnson & Johnson in producing and packaging vaccines to speed up the production and supply of vaccines. The fourth wave of epidemic affected investor sentiment. In addition, Fed official Daley paid attention to the rise of assets, and the three major indexes of new york stock market rose first and then fell, and the Dow Jones index fell 0.46%; Standard & Poor's index fell 0.81%; Nasdaq index was the worst, down 1.69%. The nominee for the chairman of the US Securities and Exchange Commission said at the hearing of the US Senate, It is necessary to ensure that cryptocurrencies are free from fraud and manipulation. The market is worried that Gaenssler will supervise cryptocurrency after taking office, which will drag down Bitcoin from rising to falling, and Bitcoin will lose the $50,000 mark again. Yesterday, the price of gold reversed its daily decline. In the early period, the lowest price of gold fell to US$ 1,707 per ounce, but the US dollar weakened, and the price of gold gradually recovered during the US market. Gold reversed its daily decline. Finally, it closed at an all-day high of $1,739 per ounce, rising by $14. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-02

March 2 nd Today's volatility range: Gold price is weak recently, regardless of the yield of U.S. treasury bonds, the rise or fall of the stock market dollar and even cryptocurrency, the price of gold is declining, and has been falling for five consecutive days. Although it is difficult to push up inflation in the current sluggish labor market in the United States, Biden's $1.9 trillion economic stimulus plan will eventually stimulate inflation, which will inevitably push down real interest rates. Gold is still promising in the medium and long term. However, the recent weakness of gold price should be high, and the suggested volatility is between 1717 and 1733 US dollars. Last weekend, the US Food and Drug Administration officially approved the emergency right to use the novel coronavirus vaccine developed by Johnson & Johnson. Johnson & Johnson said they had a single dose of vaccine. It can provide more efficient protection for vaccinators and start shipping immediately. It is estimated that 20 million doses of vaccines will be supplied to the United States in March, and vaccination will start in the next few weeks at the earliest. Although many countries around the world have started vaccination programs, WHO said that the number of confirmed SARS-CoV-2 in the world rose last week, the first time in the past seven weeks. WHO Director-General Tan Desai expressed disappointment but was not surprised, and said it was unrealistic to think that the epidemic could end by the end of this year. Kind of, the battle is not easy to get. Yesterday, the international oil price dropped, which more or less reflected that the epidemic had the opportunity to mutate again and again, resulting in the next wave. This battle was really difficult. The war crisis broke out again in the Middle East. The media reported that Israel fired several missiles at Damascus, the Syrian capital, yesterday, and most of the missiles were successfully intercepted by air defense systems. The geopolitical conflict between the two countries begins with each other's religion, but if they are really involved in the war, not only the residents of the two countries will suffer, but also the global economy will suffer. As people with power, Never abuse power. Yesterday's article mentioned that when the balance sheet of the United States swells, its liabilities will also increase. In order to convince other countries that the United States has the ability to bear debts, She will also hope that the US dollar will continue to dominate the world, which will inevitably attack potential competition. By the way, who is the primary target? China, of course, is being dug up! Burns, who has just been nominated by U.S. President Biden as director of the CIA, bluntly pointed out that China poses the greatest geopolitical test for the United States. Winning the competition with China will be the key to China's national security in the coming decades. EU leaders will hold a video conference last week to discuss border arrangements under the new pneumonia epidemic, consider issuing vaccination certificates, In order to allow vaccinated people to have greater freedom of movement in EU countries, so as to save tourism. Unde that market atmosphere led by tourism and leisure unit, Yesterday, the three major European stock markets ended their two-day decline, all rising by more than 1.5%, and the German DAX index rose by 1.64%; French CAC index rose by 1.57%; The FTSE 100 Index rose 1.62%. The yield of US debt dropped from a high level, and many American companies took advantage of the favorable market atmosphere to issue corporate bonds. Market competitiveness has put pressure on the price of long-term national debt, and the yield of 10-year national debt has been reported to be around 1.4%, which has stopped the upward trend at the high of 1.6% last week. Johnson & Johnson's single-dose vaccine and the US economic stimulus plan were successfully fermented yesterday. Coupled with good manufacturing data, the three major indexes of the new york stock market were greatly improved. The Dow Jones index rose by 1.95%; The Standard & Poor's Index recorded the best performance in the past three quarters, with an increase of 2.38%; The Nasdaq index is even more spread, rising 3%. The price of gold fluctuated sharply yesterday. In the early stage, the price of gold rebounded to 1760 US dollars per ounce due to the geopolitical conflict in the Middle East, but it was unsustainable. In the US market, the stock market soared and the US dollar strengthened. The price of gold fell further, with the lowest price falling to $1,719 per ounce, with a fluctuation of $41, and finally closed at $1,725 per ounce, down $9. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-01

March 1 ST Today's volatility range: After the gold price lost the psychological barrier of 1800, the yield of US 10-year treasury bonds rose, which triggered a global stock market crash and further dragged down the performance of gold prices. Although it is difficult to push up inflation in the current sluggish US labor market, However, Biden's $1.9 trillion economic stimulus plan can stimulate inflation, and the US Federal Reserve officials will not allow the yield to rise excessively. If necessary, they will definitely take action, which will inevitably push down the real interest rate. Gold is still promising in the medium and long term. Today, the gold price is expected to rebound, and the suggested volatility is between $1733 and $1753. Last week, a small global stock market crash broke out, and Hong Kong had the honor to participate in it and become the driving force of the stock market crash. It was because Financial Secretary Chen Maobo announced in the budget on Wednesday that he was going to submit a bill. It is planned to increase the stamp duty rate of shares from 0.1% to 0.13%. The news caused Beishui to flow out of Hong Kong immediately, and the market fell by about 3% today, which became the first decline in Asian stock markets and took the lead in driving stock markets in other regions to fall. But in his message, Secretary Chen should never be complacent, thinking that he has the influence of turning his hands into clouds and covering water with rain, and that his policies can shake the whole world. Because the real cause of this mini-stock market crash was the sharp rise in US debt rates in the latter part of last week, The price of 10-year US Treasury bonds fell, and the yield climbed to 1.6%, hitting a new high in one year, which caused the three major indexes of US stocks to plummet and dragged down the global stock market crash. However, will the yield of US Treasury bonds continue at this level or even rise? This can be inspired by Federal Reserve Chairman Powell's attendance at the House Financial Services Committee last week, because he restated his position. The US interest rate will remain low, and the Fed will continue to buy bonds to support the US economy. On the issue of raising interest rates, Powell also pointed out that the Fed must meet the following three conditions before raising interest rates: 1) the inflation rate has reached 2%; 2) It can be predicted that the inflation rate will remain stable at this level or higher; 3) All economic indicators can show that the employment market is at the maximum intensity. Powell's speech has hinted that he does not want to see the real interest rate too high until the economy returns to normal level. Although the inflation rate is difficult to increase in the short term because the unemployment rate in the United States is still high, the only remaining tool is the nominal interest rate. Referring to the operation in 2011 when the U.S. government implemented large-scale quantitative easing for the first time due to the collapse of Lehman Brothers and the financial tsunami in 2008, The Federal Reserve has successfully intervened in the price and yield of treasury bonds without printing silver paper. They bought long-term treasury bonds in the market through Operation_Twist(OT), which is called Twisting Operation in English. And the same amount of short-term treasury bonds were sold to control the yield of treasury bonds, which caused the rare phenomenon of upside-down treasury bonds in the market. Although the reason for the volume difference caused by COVID-19 this time is different from that in 2008, However, in fact, officials of the Federal Reserve Bureau of the United States have never been vegetarian, and they will never look at all the newly printed silver papers, but only invest in the national debt. It can be estimated that they will not allow the yield to rise excessively, and they will definitely take action if necessary. Of course, when the assets and liabilities of the United States are expanding, the liabilities will also increase. In order to convince other countries that the United States has the ability to bear debts, she will also hope that the US dollar will continue to dominate the world, which will inevitably crack down on potential competition. Who is the first target? It goes without saying! The price of U.S. 10-year treasury bonds fell, and the yield climbed to 1.6%, hitting a new high in one year. The rising yield triggered a global stock market crash, which further dragged down the performance of gold prices. The highest price of gold was $1,775 per ounce, and the lowest price in the US market fell to $1,717 per ounce, and finally closed at $1,734 per ounce, falling by $50 a week. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-02-26

February 26 th Today's volatility range: After the gold price lost the psychological barrier of 1800, the yield of US 10-year treasury bonds rose, attracting conservative funds into the bond market. Although the current sluggish US labor market is difficult to push up inflation, However, Biden's $1.9 trillion stimulus plan will soon be released. Besides distributing cash, it will raise the minimum wage in policy. With American consumption habits, it will inevitably push down the real interest rate. Gold is still promising in the medium and long term. Today's suggested volatility is between 1760 and 1790 US dollars, with 1759 as the watershed, falling below the target of 1754. The Financial Secretary, Chen Maobo, announced in his budget that he was going to submit a bill to increase the stamp duty rate on stocks from 0.1% to 0.13%. The market immediately dropped by about 3% yesterday, reflecting the negative factor of the increase in technology cost. It is estimated that the Financial Secretary Chen Maobo's view on yesterday's stock market decline is naturally that the stock market rises and falls, which is common. Otherwise, he will not mention the capital gains tax. If the capital gains tax really works, Not only Hong Kong stocks, but other investment markets are bound to shrink. But what is even more outrageous is that, when attending the radio broadcast of beacon smoke yesterday, Financial Secretary Chen Maobo revealed that during the preparation of the Budget, he had considered increasing salaries tax and profits tax. However, the idea was postponed with compassion for the public. Thinking of raising taxes in a counter-cyclical way, it can be said that the Financial Secretary is really creative and is not affected by the objective environment, which is commendable! EU leaders will hold a video conference yesterday to discuss border arrangements under the new pneumonia epidemic. As the COVID-19 epidemic is still severe, European Commission President Ursula von der Leyen said that EU people are getting tired of the epidemic. However, we should not relax at this stage. EU leaders will maintain the restrictions on non-essential tourism, but will continue to study and introduce vaccination certificates. In order to allow vaccinated people to have greater freedom of movement in EU countries, so as to save tourism. French President Mark Long admitted that the epidemic situation deteriorated due to the new variant virus. EU residents' travel can be considered, and there must be a mechanism, and it should not be too loose. All three major European stock markets fell, and the German DAX index fell 0.68%; French CAC index fell 0.24%; Britain's FTSE 100 index fell 0.11%. Yesterday, the United States announced that the GDP in the fourth quarter of last year increased by 4.1% quarter by quarter, slightly lower than the market expectation of 4.2%, but contracted by 3.5% for the whole year, the worst record in 75 years, reflecting the impact of the epidemic on the American economy. Coupled with the increase in the yield of government bonds in 2 years and 10 years, which hit risky assets, the new york stock market immediately fell when it opened, and the three major indexes opened lower and closed lower. The Dow Jones index finally broke the cable on the seventh day and fell 3.52%; The Standard & Poor's Index fell 1.73%; Nasdaq index fell 2.43%. The US dollar index weakened yesterday, once falling below the 90-point level. The weakness of the US dollar was beneficial to the upward trend of gold prices, but the price of US 10-year treasury bonds fell. The coupon rate has climbed to 1.6%, hitting a new high in one year. The rising coupon rate has weakened the attractiveness of gold hedging. In addition, the US core durable goods order announced last month and the first application for unemployment benefits last week, The number of people was better than expected, which further hit the performance of gold price. The highest price of gold was $1,804 per ounce, and the lowest price dropped to $1,765 per ounce when entering the US market, and finally closed at $1,770 per ounce, down $33. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat