Gold market analysis

2020-08-12

黃金昨日暴跌，最大跌幅曾見每盎司損失了126美元!金價在亞洲開市不久便開始下跌，至進入歐市前已跌穿2000美元，美市加大跌幅， 最低跌至每盎司1901美元，最後以每盎司2012美元報收市，下跌了115美元或5.7%。先從技術層面說，黃金大牛市，經過連續九個星期的上升， 最高峰時在8月7日所創的歷史高位每盎司2075美元，已預期會有調整，而走勢上更出現大型頭肩頂，引申一波又一波的跌浪，昨日保住1900水平， 不然會向下一支持位1880進發。再來分析這次牛市的出現。這次升市的遠因是是中美兩國的貿易戰而起，地緣政局緊張，投資者分散風險， 黃金是其中一項傳統投資選擇，而最終又因中美兩國關係持續惡化，成為金價上升的催化劑。而黃金大牛市另一因素是源於2019年出現的新型冠狀病毒在全球肆虐，   它不但侵害人類健康，全球已有累積感染人數超過2千萬人，確診死亡人數超過至少74.3萬人，更曾令全世界經濟幾乎停擺，各國央行無不施行低息政策甚至負利率去舒緩企業借貸成本， 而各國政府亦為刺激經濟而加大量化寬鬆，不斷印銀紙去加大流通性，造成了大量資金進入投資市場，在企業盈利未有保證前，黃金便成為投資者的避險工具， 在近月更多次創歷史新高。但有云飄風不終朝，金價始終要向下調整的，只是大部份投資者沒有預計這跌得不急，卻單日下跌超過126美元如此大的幅度！ 回來說這次跌市，據媒體報導全球最大黃金交易所買賣基金─SPDRETF，該基金在上週五錄得3.82億美元的資金淨流出，為本年三月以來最大流出，原來早有大戶偷步獲利。 加上市場傳出俄羅斯研發的新冠疫苗已穫衛生部通過，俄羅斯總理普京的女兒已然接種。若消息屬實，這意味新型冠狀病毒已不再是威脅，金價頓時失去一項有利支撐，下跌也是必然。   如欲了解詳細分析及操作建議，歡迎CLICK以下連結入群及向管理員查詢 https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg  

2020-08-11

Sino-U.S. relations are bad. According to the Hong Kong Autonomy Law signed by US President Trump, the U.S. Treasury Department announced sanctions against 11 Chinese and Hong Kong officials last Friday, including Hong Kong Chief Executive Carrie Lam. The bill came into effect immediately, prohibiting named officials from entering the United States and freezing their assets in the United States. What's more, the bill also restricts all financial institutions from doing business with people on the list. Many officials on the sanctions list said they were not afraid of sanctions. Earlier, the Hong Kong Monetary Authority also issued a statement to its supervised institutions in response to the US sanctions plan, saying that foreign governments unilaterally imposed sanctions, It is not part of the international targeted financial sanctions system adopted by the United Nations and has no legal effect in Hong Kong. However, it is the bank itself that opens the door to do business. If it really ignores the sanctions scheme, it will eventually be implicated and punished by the United States. Being fined or even stopping the bank's business in the United States will not set fire to itself. The most paradoxical thing is that if banks in Hong Kong follow the direction targeted by the United States and cooperate with sanctions against these people, they may be suspected of treason and may violate the national security law. By then, the property will be confiscated, and the loss may be more serious. Banks can be said to be pigs looking in the mirror now, not people inside and outside! But perhaps this is exactly what the United States is trying to do, opening up psychological warfare before the financial war. However, it has been reported that American-funded banks in Hong Kong are taking measures to actively contact some sanctioned persons in the hope that the other party can actively close their bank accounts. There are also Chinese banks that are studying the risks they will face and their own affordability. Looking at the enterprise laws and regulations, we are also seeking legal advice and evaluating the measures that need to be taken, which shows that they will not completely ignore sanctions. China imposed the same sanctions against the US sanctions plan yesterday. The announced sanctions include 11 American people, including Senator Lu Biao and Cruz, in retaliation for the US sanctions against Beijing and Hong Kong officials for safeguarding national security. However, the Chinese Foreign Ministry did not mention any specific form to sanction the 11 Americans. Interestingly, Lu Biao and Cruz were named and sanctioned by the Chinese side for the second time within one month, and the first time was due to Xinjiang Autonomy. US Health Secretary Aza led a delegation to visit Taiwan for three days since yesterday. Since 1979, the highest-ranking US official has visited Taiwan. Although Aza was interviewed before leaving, stressing that the purpose of this trip is only related to public health issues, this high-style move is often mentioned in China under the principle of adhering to the one-China principle. It is tantamount to provoking a dispute, and China is naturally angry and protesting. Yesterday, investors still focused on the development of the US fiscal stimulus plan, but it was expected to pass. Optimism pushed up the US dollar, and the gold price dropped by US$ 8 to close at US$ 2,027 per ounce. It is expected that gold has entered an adjustment period. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-10

The second round of American epidemic relief plan, which was originally announced on August 5, was deadlocked. The media reported that the Democratic Party's sales of $3 trillion was too far behind the figures of the White House and the Republican Party. Last Friday, a consensus was reached, and US President Trump threatened to exercise his presidential power to issue an executive order to pass the plan for the rescue of the epidemic. Before that, U.S. Treasury Secretary Mitch warned lawmakers, If the three parties failed to reach an agreement last Friday, the second round of epidemic relief plan will be pulled down. It is estimated that this plan will eventually be passed, because the demands of the people obviously put pressure on members of both parties. Due to the huge number of new funds involved, it is expected that the market will pay close attention to the development of this scheme this week. The cumulative number of infected people in novel coronavirus is close to 19,800, and the number of confirmed deaths has increased to over 729,000. The United States has accumulated more than 5.14 million infections yesterday, and continues to be the country with the most infections in the world. Sino-US relations continued to deteriorate, and the United States opened a new front. US Secretary of State Pompeo put forward the "clean network" action. In response to Chinese telecom companies and Chinese-funded programs, the other party stopped obtaining personal data and monitoring of American citizens through programs, and even once again named and accused Chinese-funded programs TikTok and WeChat. US President Trang even issued an executive order to complete the removal of the two programs within 45 days. TikTok has sought to sell in the United States, and WeChat may hit even harder. In fact, WeChat is not only social media. Penguin applet has become a part of the life of most overseas Chinese, and WeChat payment is a software that once threatened the payment system of traditional banks. In an age when network information is so developed, the harm caused by American network strategy, More powerful than sending troops to lock the country. According to the Hong Kong Autonomy Law signed by US President Trump in mid-July, the US Treasury Department announced sanctions against 11 Chinese and Hong Kong officials last Friday, including Hong Kong Chief Executive Carrie Lam. Pompeo even said that sanctions against Hong Kong will come one after another. Recently, Trump mentioned Hong Kong's financial market many times, which obviously kicked off the financial war. Many officials on the sanctions list said they were not afraid of sanctions, even denounced the US position and threatened to support the motherland's counter-measures against the United States. Thanks to the geopolitical warming and the threat of epidemic, the US dollar index hovered at a low level. Gold price continued last week? ? Rose to a record high of $2,075.3 per ounce last Friday, although the US market closed down to $2,035 per ounce. The price of gold has risen for nine consecutive weeks, and the bull market has not retreated. It is now entering an adjustment period, and it may still reach a new high after consolidation. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-07

Sino-US relations continue to deteriorate, and bilateral relations are gradually breaking off. From the very beginning of the trade war, there is still room for bargaining between the two countries because of their economic interests; As for the Hong Kong version of the National Security Law, both sides began to take a tough stance, and China and the United States did not lose time to scold the war, trying to win over international public opinion and stop each other's legislative actions. But in the end, two such important bills were passed by the legislatures of both countries. Later, US President Trump officially signed the Hong Kong Autonomy Act and an executive order in mid-July, which removed Hong Kong's preferential treatment and triggered the nerves of the Chinese Communist Party. The competition between China and the United States has been in vain and intensified. China also tried to show its military strength in the South China Sea and showed its mentality of not fearing war. The United States immediately sent an aircraft carrier to perform a joint military performance with the Philippines. Later, the United States frequently ordered China to close its embassy in Houston. China also immediately asked the United States to close the US embassy in Chengdu; The two sides are in a tit-for-tat manner, giving way to each other, and trying to defeat their opponents until the other side's head of government declares itself. Yesterday, the United States opened a new front. U.S. Secretary of State Pompeo put forward the "Clean Network" action, saying that Chinese telecommunications companies were unreliable and would pose a threat to the national security of the United States, and announced that they would revoke the operating licenses of four Chinese telecommunications companies in the United States. Make it unable to connect with American telecommunication network; He also once again named and accused the Chinese programs TikTok and WeChat of harming the personal data of American citizens, and asked American mobile application stores to remove the untrusted mobile applications in China. To protect the data of Americans and enterprises from censorship and monitoring by the Chinese Communist Party. Pompeo said that the State Council will cooperate with the Ministry of Commerce and other departments to restrict Chinese cloud service providers in the United States from collecting, storing and processing sensitive data. The United States also indicated that it is ensuring that the Communist Party of China cannot influence the data transmission of submarine optical fiber cables. In the era when network information is so developed, the harm caused by this digital network strategy of the United States is more powerful than sending troops to lock the country. I wonder if there are any counter-measures in the motherland besides criticizing others. The cumulative number of infected people in novel coronavirus is close to 19,200, and the number of confirmed deaths has increased to over 716,000. The United States has accumulated more than 5 million infections yesterday, and continues to be the country with the most infections in the world. Last night, it was announced that the number of Americans who applied for unemployment benefits for the first time last week was 1.168 million, which was better than the market expectation of 1.415 million. However, the favorable economic data is not as good as the threat of geopolitical warming and epidemic, and the US dollar index continues to hover at a low level. Gold price continues? ? Up, and hit a record high of $2069.8 per ounce. As we said yesterday, reaching new heights has become the new normal, and the only difference is time. Yesterday's price closed at $2063 per ounce, up $25. Gold investors should pay attention to the non-farm payrolls of last month to be announced in the United States tonight. Yesterday's price closed at $2038 per ounce, up $19. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-06

全球新型冠狀病毒累積感染人數接近1.9千萬人，確診死亡人數增超過至70.9萬人。而美國昨日再有約5萬人確診新型肺炎， 累積感染個案逾4.96百萬宗繼續蟬聯全球最多感染病例國家。 被批評抗疫不力的美國總統特朗普，仍然努力淡化當地疫情，為總統選舉工程而漂白自己。他接受新聞媒體訪問時表示美國疫情正在退卻， 重申要求學校為復課而努力，並聲稱兒童對新型冠狀病毒幾乎免疫！他又建議較年長老師在疫情過後才回校上班， 這與香港要求學校復課但不能面授有異曲同功之妙！無視數據，厚着臉，睜大眼說大話的政治人物彼彼皆是，不分本土外國！   回說昨晚公布的美國多項數據，各項數據表現參差。美國上月非農業就業人數變化預計為增加1.5百萬，實際公布數字僅增加0.167百萬個職位， 遠差於市場預期。而美國供應管理協會非製造業採購經理人指數則比6月多1點升至58.1點。 最後美國上週原油庫存減少7.37百萬桶，大幅低於市場預計的減少3百萬桶。數據顯示企業及勞工市場仍受疫情困擾，但美國人可能已將新型病毒疫情當作新常態， 加上預期有第二輪疫情紓困措施，以美國人先使未來錢的性格，迅速回復個人消費及消閑活動，促進了服務業人手及原油需求。 但原定昨日公布的美國第二輪疫情紓困方案陷入僵局，媒體報導因民主黨的推銷3萬億美元份額與白宮及共和黨的數字差距太大，未能達成共識， 需要更多時間遊說及討論。有傳美國財長姆欽警告議員，如三方在本週五未能取得協議，第二輪疫情紓困方案將會拉倒。估計這個方案最終會獲得通過， 因國民的要求明顯給與兩黨議員壓力。上周美國原油庫存大幅減少740萬桶，刺激油價上升，紐約期油昨日升1.2%，收市報每桶42.19美元。 因預期國會將擴大發債規模去刺激美國經濟，加上昨日美國數據表現參差，美元指數曾迫近兩年低位的92.5。金價繼續颷升，又創歷史新高的每盎司2055.9美元。 再創新高已成新常態，差的只是時間。昨日價收報每盎司2038美元，升19美元。   如欲了解詳細分析及操作建議，歡迎CLICK以下連結入群及向管理員查詢 https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg  

2020-08-05

First, follow up the acquisition of TikTok. US President Trang asked TikTok to complete the equity transfer with American companies before September 15, but he showed his true nature as a madman. Refers to most of the transaction amount, which should be transferred to the US Treasury. Dangdang's speech by a country's president is really confusing! The Chinese Foreign Ministry criticized that the United States used "unwarranted" charges to suppress Chinese enterprises. Warn the US not to take advantage of political manipulation, or you will suffer the consequences. New viruses continue to wreak havoc around the world. As of yesterday, the cumulative number of infected people in novel coronavirus exceeded 186.5 million. The number of confirmed deaths increased to over 702,000. The United States continues to be the country with the most infections in the world with 4.9 million cumulative infections. The U.S. Treasury Department will announce the scale of treasury bond bidding in the next three months later today. However, it still needs the Democratic Party and Republican Party of the United States to narrow their differences and reach a consensus on the second round of epidemic relief plan. However, it is estimated that this plan will be passed, because the demands of the people obviously put pressure on members of both parties, which is attributed to the real democratic election system. There are indications that the scale of issuing bonds this time will break the record again. To make up for the current deficit of each federal government in the United States. On Monday, the Ministry of Finance said that it expects to issue bonds of up to 947 billion US dollars from July to September, which is 270 billion US dollars more than the expected scale in May. The market expects that the bond issuance in August will hit a historical record of 108 billion US dollars. Due to the flooding of the market, the yield of five-year treasury bonds in the United States fell to 0.2%, the lowest ever recorded. The US dollar index fell below 93.5 level again yesterday, with the lowest drop to 93.26, due to the expectation that Congress will expand the scale of issuing bonds and abundant market funds. Gold price broke the record high again last night! Up to $2,020 per ounce, With the epidemic plaguing the economies of various countries, while the central banks of various countries maintained low interest rates, they loosened monetary policies in a large amount, and the political situation between China and the United States was tense, which created a wave of record-breaking events of gold prices this year. Yesterday, it closed at $2019 per ounce, up sharply by $43! It is expected that it will continue to hit a record high in the short term. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-04

  Global new viruses continue to wreak havoc. As of yesterday, the cumulative number of infected people in novel coronavirus exceeded 18.38 million, and the number of confirmed deaths increased to over 692,000. The United States continues to be the country with the largest number of infections in the world with 4.85 million cumulative infections. American President Trang, who originally intended to block TikTok, an overseas version of Chinese social media "Vibrato", once again showed his erratic character. Ben threatened to take TikTok off the shelves in the United States this Saturday as soon as possible, but yesterday he changed his tune and said TikTok would be driven out of the American market unless TikTok could sell its business in the United States before September 15. And it is best to sell to American buyers. It is said that TikTok's parent company "Beijing ByteDance" intends to sell TikTok's business in America to Microsoft. Experts estimate that Trump's remarks will contribute to this single acquisition. It's lucky that "Beijing ByteDance" got away with it! Microsoft's share price rose by 5.6% yesterday, reflecting Microsoft's bargain hunting. Once again, the market reported that Chinese science and technology network enterprises would be sanctioned by the United States. I don't know if it's relevant. Zoom, a new online conference founded by Yuan Zheng, a Chinese, announced earlier that it would stop providing services directly to Chinese users. The effective date is August 23rd. Zoom was criticized for leaking customer information and meeting content to China because it was found that the software had a back door and had mistakenly transmitted the information in the data operation center in China. Another potential target is wechat, because wechat is a branch network enterprise once criticized by US Secretary of State Pompeo. If WeChat is really banned from being used in America, the blow will be fatal! In fact, WeChat is not only a social media, but Penguin applet has become a part of the life of most Chinese, and WeChat payment is a software that once threatened the payment system of traditional banks. It seems that no matter whether China is strong or prosperous, Is strong (barely), the road ahead is definitely a rugged and full of thorns. Yesterday, many countries published the PMI of manufacturing industry, and all the relevant data were at the expansion level above 50 points, which showed that even under the threat of novel coronavirus, all countries had taken the epidemic as the new normal to re-enter economic activities. As PMI improved, the US dollar index rebounded from the low level and returned to the 93-point level. Yesterday morning, the price of gold broke the record high of $1986.8 per ounce, but was squeezed by the strength of the US dollar and fell. The price of gold closed at $1976 per ounce. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-08-03

Global new viruses continue to wreak havoc. In the past week, the cumulative number of infected people in novel coronavirus exceeded 18,200, and the number of confirmed deaths increased to over 692,000. The United States continues to be the country with the most infections in the world with 4.8 million cumulative infections. Members of the White House Anti-epidemic Team even described the local epidemic situation in the United States as getting out of control. After the successful launch of novel coronavirus vaccine in Britain and America, it is said that Russia has also developed a vaccine and wants to launch it as early as August. The tearing between China and the United States has become a turning point, until one side obeys. In addition to uniting with the five-eyed alliance countries to monitor China's every move, the United States and China have not budged in military affairs. Last week, First, the Chinese People's Liberation Army announced that it would start live-fire exercises in the waters west of Leizhou Peninsula for two weeks. Australia, one of the five-eyed alliance countries, opposed China's claim of sovereignty over the South China Sea by means of nine-dash line, and sent an aircraft carrier to cruise in the South China Sea. Recently, the United States also wooed Japan as the sixth eye, and reiterated that the Diaoyutai Islands belong to Japanese waters. After Huawei, more countries began to join the ranks of blocking the overseas version of TikTok, a Chinese social media. TikTok's parent company "Beijing ByteDance" originally intended to sell TikTok's business in the United States to Microsoft, but it was said that Microsoft had shelved the acquisition because US President Trump threatened to remove TikTok from the United States as soon as possible this Saturday. Last week, the Federal Reserve announced the results of interest rate decision, and decided that the target range of the federal funds rate should be maintained at 0-0.25%, which was in line with market expectations. The Federal Reserve pointed out that novel coronavirus caused disasters in the United States and around the world, The Federal Reserve promised to take all tools to support the American economy until it can recover from the blow of novel coronavirus. The Federal Reserve reiterated that the speed of economic recovery in the United States depends on disease control. In addition to the resources available to the Federal Reserve Board, it still depends on the health policy of the federal government. Last Friday, the United States announced the second quarter GDP, which was terrible, with a sharp decrease of 32.9% compared with the previous quarter, which was the worst quarterly performance in history. However, the number of initial jobless claims is still high, with the latest figure of 1.43 million, indicating that the US labor market is weak. The market expects the Federal Reserve to maintain low interest rates and quantitative easing policies, and the poor performance of US economic data. The US dollar index continued to be weak last week, with the worst drop to 92.5 points and closing at 93.5. Due to abundant market funds, weak US dollar and tense geographical situation, the price of gold broke the record high twice last week. They are $1981.4 per ounce on Tuesday and $1983.1 per ounce on Friday. Gold price has been rising for eight consecutive weeks, and it is expected to peak again. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-31

全球新型病毒持續肆虐，截止昨日為止，全球新型冠狀病毒累積感染人數突破1.74千萬人，確診死亡人數增超過至67萬人。 而美國以累積感染個案4.6百萬宗繼續蟬聯全球最多感染病例國家。 由於美國當地疫情失控，引發外界大量批評美國總統特朗普，指責他處理新型肺炎疫情失當及使經濟急速變差。 跟據民意調查，特朗普民望落大幅落後於他的競爭對手，代表民主黨出選總統的前副總統拜登。   特朗普昨日提出，因應疫情關係，將推遲原定今年11月的總統大選。 但輿論認為，向來要面子的特朗普無法接受連任失敗，為延遲大選尋找藉口，以時間換空間，期望民望逆轉。 但有報告指出，根據美國憲法，除非得到美國國會通過，否則總統及各州州長皆無權更改大選日期。   無獨有偶，香港亦傳出香港特區政府考慮市民出席投票活動時帶來的健康風險，考慮延遲今年九月的立法會選舉， 但香港預計能順利執行，因政府可以透過中央對基本法作出有關選舉解釋。 但有本地聲音說，政府擔心立法會選舉會像早前區議員選舉一樣兵敗如山倒，才找藉口延期； 但這只是市民過慮，君不見有太多不合符資格的報名人士參選嗎？ 但香港政局趨勢會否換來美國的更大的關注，這有待商榷； 美國早前已透過《香港自治法案》去除香港的優惠待遇，是次立法會選舉安排會否加快或加重美方的制裁，並再次加深中美雙方的芥蒂？ 要知中美角力已成全球經濟兩大最不穩定的因素其中之一，另一因素最是新型冠狀病毒大流行。   美國昨晚公布第二季國內生產總值，數據慘不忍睹，比上季大幅減值32.9%，略為好過預期的減值34.1%。 而初次申領失業金人數為143萬，比市場預期的145萬為少，但數字仍然高企，明顯表現美國勞工市場疲弱不堪。 受不利數據影響，道瓊斯指數跌225點，收市報26,313點。 美元疲弱，美元指數昨日曾跌至92.9低位，黃金先升後回， 金價一早攀至1,971美元旋即回落，最低見1,939美元，最後以每盎司1,956美元收市，跌15美元。 結束了連續第九個交易日上升的記錄。 美國昨晚公布第二季國內生產總值創為大蕭條以來最差記錄，原油價格下跌，紐約期油跌1美元，收市報每桶40.3美元。   如欲了解詳細分析及操作建議，歡迎CLICK以下連結入群及向管理員查詢 https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-30

全球新型病毒持續肆虐，截止昨日為止，全球新型冠狀病毒累積感染人數突破1.68千萬人，確診死亡人數增超過至66萬人。 而美國以累積感染個案4.5百萬宗繼續蟬聯全球最多感染病例國家。繼英美將成功推出新型冠狀病毒疫苗後，傳俄羅斯亦研發出疫苗，並欲搶先在最早八月推出。 今日淩晨美國聯儲局公布議息結果，決定聯邦基金利率目標範圍維持在0至0.25厘，合乎市場預期。聯儲局指出新型冠狀病毒對美國和全世界各地造成了災難， 美國經濟在三月急劇下跌後，近期就業人數及經濟活動已有所改善，但仍遠低於年初水平，聯儲局承諾將會採取所有工具支持美國經濟，直至美國經濟能從新型冠狀病毒的打擊中復甦。   聯儲局重申，美國經濟復甦的速度取決於病情的控制，除了聯儲局所能獲得的資源外，這仍有賴聯邦政府的衛生政策。議息結果溫和，美股繼續受到支持。 道瓊斯指數收市報26539點，升160點。聯儲局重申維持低息及將會採取所有工具支持美國經濟，市場預期未來數年將繼續推行量化寬鬆政策，不利美元。 美元指數昨日最低曾見93.2點。美元疲弱，黃金受益，金價曾一度迫近1981美元的紀錄高位，但又被力壓至最低1941美元，最後以每盎司1,971美元收市，升12美元。 已是連續第九個交易日上升!美國能源資料署昨晚公布原油庫存量，上周原油庫存大幅減少1.06百萬桶，市場預估的增長40萬桶好，並打破自2019年12月以來最大減幅。 數據顯示原油需求有所改善，紐約期油上升23美仙，收市報每桶41.27美元。 如欲了解詳細分析及操作建議，歡迎CLICK以下連結入群及向管理員查詢 https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg  

2020-07-29

Global new viruses continue to wreak havoc. As of yesterday, the cumulative number of infected people in novel coronavirus exceeded 16,600, and the number of confirmed deaths increased to over 655,000. The United States continues to be the country with the largest number of infections in the world with 4.43 million cumulative infections. Last night, the US announced that the Consumer Confidence Index of the Consultative Conference was 92.6, which was worse than the market expectation of 94.5. It shows that consumers are pessimistic about the economic prospects and tend to reduce spending, while 50% of US GDP comes from local consumption. If the situation continues, it will hit the income of enterprises, and enterprises will cut spending or lay off employees. As a result, it will be more difficult for the economic recovery to become a vicious economic whirlpool. Affected by the data and the uneven performance of American companies that announced their results yesterday, the Dow Jones index fell 194 points to close at 26,389 points. Shanghai and Shenzhen stock markets closed up yesterday, up 0.7% and 1.3% respectively. President Xi Jinping delivered an online speech at the annual meeting of the AIIB Council yesterday, saying that China will strive to implement and support multilateralism. With an open and win-win attitude, we continue to promote "de-economic integration" with AIIB member countries, and seek cooperation with more partners, so as to make globalization more inclusive and develop in a mutually beneficial and balanced direction. He also called on all countries to face the new pneumonia epidemic, and the whole world should work together to fight the epidemic, put aside the contradictions brought about by economic globalization, and promote active cooperation and mutual support with a more inclusive and effective multilateral mechanism. Describe unity and cooperation as the "right way". However, the opposites between the Chinese and Western camps have been formed. To improve the relationship, one party must first release goodwill, otherwise the opponent will only feel that it is a mouthful of words, and the final result will still be that it is inevitable that the first world war will be won by all the winners. The price of gold soared wildly when it opened in the Asian market yesterday, reaching a record high of US$ 1,981.4 per ounce, but immediately after breaking the peak, it triggered a large number of long-term gold investors to take profits and pushed down the price of gold in one fell swoop. The lowest price is $1,907 per ounce, which is shocking, with fluctuation of $74. It finally closed at $1,958 per ounce. The geographical situation is tense and the number of confirmed cases of pneumonia in the United States is rising. Coupled with the weak consumer confidence index announced by the United States last night, the price of new york oil futures fell, closing at $41.1 per barrel, down 5 cents, or 1.3%. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-28

Global new viruses continue to wreak havoc. In the past week, the cumulative number of infected people in novel coronavirus exceeded 16,600, and the number of confirmed deaths increased to over 655,000. The United States continues to be the country with the largest number of infections in the world with 4.43 million cumulative infections. The epidemic could not be stopped, and the number of people gathered in Hong Kong was reduced to two, and all restaurants were prohibited from eating at the same time. Since the requirements are so harsh, why didn't the Hong Kong Government directly declare the ban? Is lack of courage to bear? Or lack of vision? Or both? On the contrary, investors with long positions in gold will get generous returns with their eyes and guts! They have insight into the weather, geography and people, and have a cup when gold breaks through the historical high. (I) Timing: The outbreak of novel coronavirus has hit the world economy badly, and the performance of enterprises has been affected. When funds are reallocated, they flow into the gold market, which increases the demand. (B) Geography: China and the United States have had bad relations. Since the start of the trade war, they have changed from mutual benefit to mutual competition, and the relationship between the two sides has gone further and further. Until the United States used the Hong Kong Autonomy Law to accuse Beijing of forcing the implementation of the "National Security Law of the Port Area" in Hong Kong as a catalyst, China and the United States each asked each other to close their consulates in the two countries, and their relations fell to the freezing point since Nixon's visit to China in 1972. The political situation is unstable, and gold has once again become a safe-haven investment tool. (3) People's harmony: long-term low interest rates, unlimited easing policies of central banks of various countries, and weakness of the US dollar against currencies of various countries. The cost of holding gold has dropped, which has covered some shortcomings of gold not paying dividends. Due to the flood of funds in the market and the tense geographical situation, the US dollar index once fell to 93.5, and the gold price in the early Asian market hit a new high this year, breaking the record of US$ 1921.18 set in September 2011. The highest price was $1945.6 per ounce, and it closed at $1,942 per ounce. It is expected to break the peak again today. However, breaking the top may trigger a large number of long-term investors to close their positions. Profit taking will have the opportunity to push down the price of gold significantly. Moderna, an American pharmaceutical company, announced that the vaccine against novel coronavirus has entered the final trial stage, which is another unfavorable news for gold prices, and investors should pay attention to it. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-27

Global new viruses continue to wreak havoc. In the past week, the cumulative number of infected people in novel coronavirus exceeded 16,200, and the number of confirmed deaths increased to over 648,000. The United States continues to be the country with the most infections in the world with 4.3 million cumulative infections. Following the announcement in mid-July that Pfizer Pharmaceuticals and German Biotechnology, two major pharmaceutical companies listed in the United States, have made good progress in research and development of anti-COVID-19 vaccine and are expected to launch the market at the end of the year, Last week, Oxford University announced that it had developed a vaccine with a pharmaceutical factory, which would help the immune system to fight against this new epidemic virus. The market has abundant funds. After a four-day marathon meeting last week, the leaders of the 27 EU countries finally reached an agreement on a "recovery fund" of 750 billion euros; At the same time, the meeting also approved the budget of 1 trillion euros for the next seven years. The market is telling us that the United States has to take relief measures for enterprises and people all over the country again in response to the epidemic. Some experts estimate that the new bail-out measures need about $1.5 trillion to stimulate the weak US economy. The United States announced that the number of people applying for unemployment benefits for the first time last week was 1.416 million, the first increase in four months. It shows that the labor market is still weak and enterprises have not really recovered. The competition between China and the United States has heated up and intensified. On July 24, the US State Department officially announced that Hong Kong will no longer enjoy the special status treatment provided by the United States from the moment of announcement, based on the Hong Kong Autonomy Law and an executive order signed by President Trump. Including entry visas and tax treatment, the United States will also stop exporting sensitive technologies to Hong Kong. Aft that United states request the closure of the Chinese consulate general in Houston, China also took equivalent countermeasures, Inform the United States to close the Consulate General in Chengdu. The Chinese People's Liberation Army announced that it would begin live-fire exercises for two weeks in the waters west of Leizhou Peninsula on July 25, and still conduct military exercises under such sensitive circumstances. Is it a demonstration or is it really an internship war rehearsal? However, whatever the motive, it is extremely provocative and dangerous. Australia opposes China's claim of sovereignty over the South China Sea by means of the nine-dash line, and sends aircraft carriers to cruise in the South China Sea waters. At the same time, it will hold a ministerial meeting with its ally, American Trade. Due to the flood of funds in the market and the tense geographical situation, the US dollar index fell below 95, and the gold price hit a new high this year for six consecutive trading days since last Friday. It is getting closer and closer to the historical high of $1,920.30 per ounce set in September 2011. The highest price was $1,901 per ounce at $1,906.6, and it is expected to peak again today. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg  

2020-07-24

The US State Department announced in the early hours of this morning that since President Trump signed the Hong Kong Autonomy Law and an executive order last week, from the moment of announcement, Hong Kong will no longer enjoy the special status treatment provided by the United States, including entry visas and tax treatment, and the United States will stop exporting sensitive technologies to Hong Kong. The Hong Kong Autonomy Law is the responsibility of the United States to investigate Beijing for forcing Hong Kong to implement the National Security Law of the Port Area. Since Hong Kong returned to China in 1997, Hong Kong has been the external window of China and the world. Whether in financing or importing science and technology, it has played a positive role in the country, and many Hong Kong people have been proud of it! Now the motherland is rich and strong, and its strength is enough to compete with the world powers. Hong Kong, a small island that once created many economic miracles, has to retire. The competition between China and the United States has been in vain and intensified. After the United States ordered China to close the Chinese embassy in Houston within 72 hours the day before yesterday, the United States considered closing more Chinese embassies in various parts of the United States. Because the other side secretly collects the data of American nationals and steals American high-tech data, China criticizes the US behavior as political provocation, and accuses the US of demolishing the friendship bridge between the two sides. The new Cold War has taken shape, but will the Taiwan issue turn into a military issue? Issues are debatable! In fact, at the beginning of this month, the Chinese People's Liberation Army conducted naval gun shooting training in the Xisha Islands. The United States also sent two aircraft carriers to conduct military exercises with the South China Sea in the Philippine Sea, which may become more common in the future. Just yesterday, Australia, one of America's allies, also sent an aircraft carrier to cruise in the South China Sea. The United States is also uncomfortable. Nowadays, the United States is facing the impact of new viruses. The number of infections in the United States keeps rising. The cumulative number of confirmed cases has exceeded 4 million yesterday, which has severely hit the local economy and employment. Last night, the United States announced that the number of people applying for unemployment benefits for the first time last week was 1.416 million, which was worse than the expected 1.3 million. It was the first time in three consecutive weeks that it recorded an increase, indicating that the epidemic caused the economic recession. U. S. Treasury Secretary Mchin plans to pay another $1,200 cheque to Americans who have paid taxes in the United States as early as August, which does not rule out that salaries tax will be lowered. Crude oil prices fell yesterday, and too many bad news dragged down oil prices. Including unsatisfactory employment data, serious epidemic spread, large increase in US crude oil inventories and geopolitical tensions, new york oil futures closed at US$ 41.1 per barrel, down 2%. With the same factors, the performance of gold price and oil price is quite different. Gold once again broke this year's new high by inertia yesterday, reaching the highest level of $1,890 and closing at $1,887 per ounce. As long as the price of gold does not fall below $1810 today, it will rise for seven consecutive weeks. It may also be another record of the top one or two gold prices in history. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-23

Sino-US relations have worsened, and the United States has ordered China to close its embassy in Houston within 72 hours. The United States accuses China of using its embassy to collect information about American nationals and stealing high-tech information from the United States. Coincidentally, there was a fire in the embassy, which was suspected of burning the evidence. China responded immediately, accusing the United States of falsifying the facts and completely tearing up the diplomatic relations established for many years, expecting the United States to correct them. On the other hand, the meeting between US Secretary of State Pompeo and British Prime Minister Johnson not only discussed the strengthening of business cooperation between the two countries, but also involved China's ambitions, such as Huawei, and repeatedly mentioned the autonomy of Hong Kong. It is an inevitable fact that China is isolated by western countries. Although the dream of becoming a brother in the world is magnificent, it is fraught with obstacles! Following the successful coordination of the "Recovery Fund of 750 billion euros" among the 27 EU countries, To relieve the impact of new viruses and revitalize the euro zone economy. The market is spreading that the United States has to take relief measures for enterprises and people all over the country again in response to the epidemic. The first round of stimulus measures in the United States amounted to US$ 2 trillion, while experts estimated that the new bail-out measures needed about US$ 1.5 trillion to stimulate the weak US economy. This estimate is hundreds of billions of dollars more than many congressmen expected. No matter how much money the US Congress will approve this time, it is almost certain that the Federal Reserve will keep the interest rate at the current level. That is, in the range of 0 to 0.25 pct. The bolder assumption is that there will be a third or even more bail-out measures. Funds are filled in the investment market, the dollar hedging function declines, and the dollar index continues to fall, only reaching above 95. When the gold price opened in Asia, it was bullish, reaching $1,865.8, breaking the high level this year first. During the US market, it rose by relay due to geopolitical tensions, and closed at the highest level of $1,872 per ounce yesterday, with a fluctuation of nearly $31 yesterday. Yesterday, the United States announced last week's crude oil inventories, which reported a big increase of 4.9 million barrels, which was worse than the expected decrease of 2 million barrels in the market. In addition, the oil price fell in a narrow range due to the continued bad relations between China and the United States. New york oil futures closed at $41.9 a barrel, down slightly by 2 cents. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-22

After a marathon meeting in Brussels for four days, the leaders of the 27 EU countries made efforts to coordinate the distribution of the "recovery fund of 750 billion euros" in various ways, and finally achieved results. All agreed to reduce the initial plan from 500 billion grants to 390 billion euros, while the low-interest loans increased from 250 billion euros to 360 billion euros. At the same time, the meeting also approved the 1 trillion euro budget for the next seven years, and the condition attached to this budget is that the EU has the right to prevent countries that violate the so-called "rule of law" from receiving relief funds. Compared with this clause, countries that are pro-CCP, including Poland and Hungary, first threatened to oppose it, and finally made compromises on the premise of their own interests. Stimulated by the news of the Recovery Fund, Major stock markets in the euro zone rose in an all-round way, among which Germany's stock market performed best, and Germany's DAX index closed up about 1%, the highest in five months. The rest generally increased by 0.2% to 0.5%. The FTSE 100 Index also rose by more than 0.1%. Benefiting from the vaccine effect of COVID-19, coupled with the optimistic outlook of liquidity; The new funds that have been formed in the euro zone, and the market is spreading, the United States has to take relief measures for enterprises and people all over the country again in response to the development of the epidemic. Yesterday, the global stock market was hot. The Dow Jones index once broke through the level of 27,000 points and finally closed at 26,840 points, up 0.6%. Oil prices rose sharply yesterday, driven by vaccine progress and the expectation of EU recovery fund. Although the cumulative number of infected people in novel coronavirus exceeded 4 million yesterday, investors are not afraid that many countries will tighten epidemic prevention measures and geopolitical tensions again, and continue to focus on the optimistic economic prospects. New york oil futures closed at $41.96 per barrel, up $1.15 or 2.8%. Gold has also performed well. Affected by the epidemic, the market expects central banks of various countries to continuously increase fiscal stimulus, and the stock market is hot. The weakening of the U.S. dollar index led to the rise of gold price, which hit a new high in more than eight years yesterday. It rose repeatedly during the opening hours in Asia, and when it broke through 1,825 dollars, it broke through 1,840 dollars and reached the highest level of 1,843.5 dollars. It closed at $1,842 per ounce, up $25, or 1.3%. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-21

歐盟領袖因應拯救歐元區經濟忙得不可開交,為了尋求「復甦基金7500億歐元」之分配方式，已連續三天在布魯塞爾舉行會議， 並將初時計劃以贈款5000億的規模減少到4000億歐元，但仍有部分成員國反對而未能達成共識。而通過撥款需要歐盟27國代表完全同意。 原定兩天完成的會議將進入第四天，基於該基金主要是提振歐元區經濟從新型病毒中走出來，是對整個歐元區經濟有利的計劃， 預計可能再度下調贈款規模，才能在各方面達成妥協。受「歐盟復甦基金」消息刺激，歐洲主要股市個別發展。德國DAX指數升約1%， 法國CAC指數亦全日升近0.5%，脫歐的英國未有受惠，英國富時100指數下跌28點，下跌差不多0.5%。雖然英國股市見紅， 但英國仍有好消息傳出；繼早前美國上市的兩大藥廠宣布研發抗新冠疫苗進度良好，有望在年底推出市場後，英國牛津大學與藥廠研發出一款疫苗， 有助人體的免疫系統去對抗這新型流行病毒。雖然該研究仍需更多臨床報告去證明疫苗本身安全有效，但英國政府已經預訂一億劑這款疫苗。   由年初以來,全球受新型病毒所肆虐，經濟活動幾近停擺，讓各國央行不得不大舉降息及加大發債規模救去拯救經濟。各種投資工具除債券外， 無論是股市或商品市場，俱有不俗回報，從上星期兩間宣布業績的投資銀行──摩根士丹及高盛的盤房收入可見一班。黃金亦是表現特出的主要商品之一， 金價昨日美市時段再創八年來新高，最高曾升至每盎司1820.6美金，從歷史回望，金價目前只低於2011年9月創下的每盎司1,920.30美元的歷史高點！ 要打破記錄可能困難，但已為黃金持有人帶來可觀回報。金價收市報每盎司1818美元。油價昨日窄幅上升，疫苗進展及歐盟復甦基金的樂觀預期， 做就了油價上升，可惜全球疫情繼續嚴峻，多個國家再度收緊防疫措施，連香港政府也少有如此效率地宣布可能頒布禁足令，加上地緣政治緊張關係， 拖累油價升幅。紐約期油收市報每桶40.8美元，上升22美仙，升幅0.5%。 如欲了解詳細分析及操作建議，歡迎CLICK以下連結入群及向管理員查詢 https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg  

2020-07-20

IN THE PAST WEEK, THE THIRD WAVE OF COVID-19 PNEUMONIA BROKE OUT IN HONG KONG. IN JUST ONE WEEK, 416 PEOPLE WERE DIAGNOSED, AND THE CUMULATIVE TOTAL NUMBER OF LOCAL INFECTION CASES INCREASED TO 1885, WHICH REACHED 108 CASES OVER 100 YESTERDAY. THE NUMBER OF CONFIRMED DEATHS HAS INCREASED TO 12, AND YESTERDAY, CARRIE LAM, THE CHIEF EXECUTIVE OF HONG KONG, ANNOUNCED BELATEDLY THAT HE WOULD TIGHTEN THE EPIDEMIC PREVENTION MEASURES AGAIN. HOWEVER, SOME EXPERTS CRITICIZED THE GOVERNMENT'S SLOW RESPONSE, DESCRIBING THE APPOINTED EXPERT GROUP AS NOMINAL. IS IT BECAUSE THESE EMPLOYED MEDICAL EXPERTS HAVE FAILED IN THEIR EFFORTS, OR IS OUR AUTHORITARIAN GOVERNMENT ALREADY BIASED TOWARDS HARD IMPLEMENTATION? HOWEVER, AT THIS STAGE, EVERYONE IS IN DANGER! THE WHOLE WORLD IS ALSO SHROUDED BY THIS NEW VIRUS. AS OF YESTERDAY, THE CUMULATIVE NUMBER OF INFECTED PEOPLE IN NOVEL CORONAVIRUS EXCEEDED 14,400, AND THE NUMBER OF CONFIRMED DEATHS INCREASED TO OVER 600,000. THE UNITED STATES CONTINUES TO BE THE COUNTRY WITH THE MOST INFECTIONS IN THE WORLD. BECAUSE OF THE SPIRIT OF FREEDOM AND DEMOCRACY IN THE UNITED STATES, AMERICAN CITIZENS YEARN FOR FREEDOM OF MOVEMENT. AFTER THE OUTBREAK IN THE UNITED STATES, MORE THAN 3.83 MILLION PEOPLE HAVE BEEN DIAGNOSED. IT HAS SET A NEW HIGH FOR CONFIRMED CASES OF NEW INFECTIONS FOR THREE CONSECUTIVE DAYS, AND NEARLY 140,000 PEOPLE HAVE DIED FROM THE VIRUS; HOWEVER, THE EPIDEMIC IS AS SERIOUS AS SILK, AND THERE IS STILL NO WAY TO PREVENT AMERICAN YOUNG PEOPLE FROM GOING OUT FOR SOCIAL ACTIVITIES. AMERICAN OFFICIALS WARNED THAT IF THE NEW VIRUS CONTINUES TO SPREAD IN THE COMMUNITY, SOCIAL MEASURES WILL BE TIGHTENED AGAIN, INCLUDING IMPOSING HOME RESTRICTION ORDERS AND SUSPENDING ALL UNNECESSARY ECONOMIC ACTIVITIES. TREASURY OFFICIALS IN THE UNITED STATES HAVE SAID MANY TIMES THAT THE RECOVERY OF THE AMERICAN ECONOMY DEPENDS NOT ONLY ON MORE FINANCIAL COOPERATION FROM THE GOVERNMENT, THE MOST IMPORTANT THING IS TO CONTROL THE EPIDEMIC. LAST WEEK, IT WAS REPORTED THAT THE VACCINES AGAINST NOVEL CORONAVIRUS FROM PFIZER PHARMACEUTICALS OF THE UNITED STATES AND GERMAN BIOTECHNOLOGY WERE QUICKLY APPROVED BY THE FOOD AND DRUG ADMINISTRATION OF THE UNITED STATES, AND THERE WAS A BETTER CHANCE TO REPORT THAT 100 MILLION DOSES OF VACCINES WOULD BE LAUNCHED BY THE END OF THIS YEAR. AND WILL BE ABLE TO PRODUCE VACCINES AT THE SAME YIELD EVERY MONTH THEREAFTER. THE NEWS STIMULATED THE US STOCK MARKET TO RISE. THE DOW JONES INDEX ONCE BROKE THROUGH 27,000 POINTS AND FINALLY CLOSED AT 26,672 POINTS, UP 1% LAST WEEK. LAST WEEK, CHINA'S NATIONAL BUREAU OF STATISTICS ANNOUNCED THAT THE GDP OF THE SECOND QUARTER INCREASED BY 11.5% QUARTER BY QUARTER, WHICH WAS BETTER THAN THE MARKET EXPECTATION OF 9.6%. THE FIGURES NOT ONLY REVERSED THE DECLINE CAUSED BY NOVEL CORONAVIRUS IN THE FIRST QUARTER, THE ANNUAL INCREASE OF 3.2% IS FAR FROM THE DECREASE OF 6.8% IN THE SAME QUARTER OF LAST YEAR. THE DATA CLEARLY REVEALS THAT CHINA'S ECONOMY HAS GRADUALLY RECOVERED FROM THE SHADOW OF THE NEW CROWN VIRUS, BUT THE STOCK MARKETS OF SHANGHAI AND SHENZHEN STILL FELL BY 0.5% LAST WEEK. THE UNITED STATES ANNOUNCED LAST WEEK THAT THE US CRUDE OIL INVENTORY DECREASED BY 7.5 MILLION BARRELS, WHICH GREATLY EXCEEDED MARKET EXPECTATIONS. THE NEWS STIMULATED THE RISE OF OIL PRICES, BUT THE MARKET SAID THAT OPEC＋+INTENDED TO REDUCE THE PRODUCTION REDUCTION AGREEMENT FROM AUGUST, WHICH CAUSED BUYERS TO PAY A LITTLE. NEW YORK OIL FUTURES CLOSED AT $40.6 A BARREL LAST WEEK, UP 0.9%. LAST WEEK, THE EPIDEMIC WEAKENED THE US DOLLAR INDEX, WHICH ONCE FELL BELOW 96 AND REACHED A ONE-MONTH LOW OF 95.8. THE HIGHEST PRICE OF GOLD ROSE TO US$ 1,815. HOWEVER, NEWS OF VACCINES IN THE MARKET LIMITED THE INCREASE OF GOLD PRICE. IT FINALLY CLOSED AT $1,810 PER OUNCE, STILL RISING BY $12. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-17

Investors are afraid that the Hong Kong Autonomy Law will drag down China's economic prospects, although mainland and Hong Kong officials have accused the law of being unreasonable, violating international practices and interfering in the internal affairs of other countries! However, officials from both China and Hong Kong said that the bill had little impact on China and Hong Kong, and because China is now fearless, the US side unreasonably suppressed it and injected positive energy into the market. However, the mainland stock market was sold off yesterday afternoon and its decline increased. The Shanghai and Shenzhen stock markets plunged by more than 4%, while the Hang Seng Index fell by 2%. The performance of Chinese stock markets also dragged down Asian stock markets by 1-3%. Yesterday, China's National Bureau of Statistics announced the second quarter GDP. The quarterly growth rate was 11.5%, which was better than the market expected growth rate of 9.6%. The figure not only reversed the decline caused by novel coronavirus in the first quarter, but also increased by 3.2% year-on-year, which was far from the decrease of 6.8% in the same quarter last year. The data clearly reveals that China's economy has gradually recovered from the shadow of the new crown virus, but the stock market is still falling. While some international organizations have announced that they are considering leaving Hong Kong and moving to South Korea or Singapore. It's a mystery where the confidence of Hong Kong officials comes from! In the past two days, two major investment banks in the United States announced their second-quarter results. Goldman Sachs announced that its second-quarter earnings increased by 2% to US$ 2.247 billion. Morgan Stanley, another investment bank, announced that the net profit in the second quarter increased by 45% year-on-year to US$ 3.2 billion, and the performance of both investment banks was better than market expectations. Interestingly, the income from the trading department of the two investment banks both recorded a cross-increase, and the income from flat sales doubled and 68% respectively. Hong Kong people are often inferior to gambling because their business is weak. The performance of the two big William Thomas Mercer just confirms this statement! Last night, the United States announced that core retail sales increased by 7.3%, better than the estimated 5%. The number of people applying for unemployment benefits for the first time is 1.3 million, which is more than the market expectation of 1.25 million. The cumulative number of people applying for unemployment benefits is still higher than 17.38 million. It shows that unemployment in the United States is still serious. After the data was released, the price of gold was still contending around $1,805 at the beginning. Under the upward pressure of the US dollar index, the price of gold was forced to fall, and finally it failed to hold this support point and fell sharply. At the worst, it fell to $1794, and finally closed at $1797 per ounce. OPEC＋+will reduce the scale of production reduction from next month, and the number of newly diagnosed pneumonia in the United States will continue to increase, which will cause the oil price to fall. new york oil will drop 45 cents and close at 40.75 US dollars per barrel. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-16

US President Trump officially signed the Hong Kong Autonomy Act and an executive order on Tuesday local time in the United States to remove Hong Kong's preferential treatment. It also imposed sanctions on people and officials who assisted Beijing in rudely implementing the National Security Law of the Port Area and oppressed Hong Kong's human rights and freedoms. The act came into effect immediately, However, before implementation, the State Department of the United States should submit a report to Congress within 90 days, listing those who "actually assisted China in violating its responsibilities" and related institutions, and should submit a report every year. So as to assess the situation in Hong Kong and draw up a new sanctions list. The most powerful thing is that the bill authorizes the President of the United States to impose sanctions such as freezing assets and prohibiting entry into the United States on named officials and institutions. What's more, the bill also restricts all financial institutions that do business with the list. In extreme cases, the United States can prohibit them from using US dollars, not only referring to banks, but also possibly insurance companies. According to informed sources, in order to avoid further escalation of tensions with the Beijing government, Hong Kong Chief Executive Carrie Lam and Vice Premier Han Zheng, who is in charge of Hong Kong affairs, have been removed from the established list of sanctions against Chinese officials. The Chinese Foreign Ministry responded immediately yesterday, strongly condemning the United States for signing the Hong Kong Autonomy Act, grossly interfering in Hong Kong affairs and China's internal affairs, and committing international practices. China will impose corresponding sanctions on the United States. However, the details were not disclosed. Other officials suggested that it was illegal for financial institutions to implement the Hong Kong Autonomy Act in China. The banking industry in Hong Kong bears the brunt, because the two sides caught in the gap are not people. The United States has been the overlord of the financial industry for a long time, and the US dollar is an international trading currency, so it can be easily abandoned. However, according to the attitude of the Chinese side, if the banks comply with the sanctions orders of the US, they may have difficulties in operating in Hong Kong! Affected by negative news, stocks in Shanghai and Shenzhen fell yesterday, down 1.6% and 1.9% respectively. Among the three major note-issuing banks in Hong Kong, only BOC Hong Kong's share price fell. Last night, the United States announced last week's US crude oil inventories. The figure decreased by 7.5 million barrels, which greatly exceeded market expectations. The news stimulated the rise of oil prices, but the market said that OPEC＋+intends to reduce the production reduction agreement from August, from the current daily production reduction of 9.7 million barrels to 7.7 million barrels. The news limited the increase in oil prices, but new york oil futures still reached the highest closing price in more than four months, at $41.2 per barrel, up 91 cents. The gold price rose in a narrow range yesterday, with the US dollar index falling below 96 and reaching a one-month low of 95.8, which made the gold price rise. The highest rose to $1,815, but the market dropped because of vaccine news, and finally closed at $1,812 per ounce, up $2. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg