Gold market analysis

2020-07-15

The third wave of novel coronavirus outbreak occurred in Hong Kong, and 40 more local patients were diagnosed yesterday, among which 24 cases could not trace the source of infection. Affected by the epidemic, the government tightened social measures again, People even panic, snapping up materials everywhere, and supermarkets have to make purchase restriction arrangements for specific goods. Some non-governmental organizations have visited thousands of Hong Kong citizens. The results show that 40% of the respondents are unemployed. This survey is very shocking. Even if the standard deviation is reduced by 50%, 20% of the working population in Hong Kong will still lose their jobs because of novel coronavirus! Not only our rising citizens but also American financial giants are affected by the epidemic. Yesterday, three American banks announced their results. Among them, JP Morgan Chase, the largest bank in China, lost 51% in the last quarter, Citigroup lost nearly 73% in the quarter, and Wells Fargo recorded the first loss since the financial crisis in 2008. It is worth noting that all three banks have made large provisions for bad and doubtful debts; This accounting arrangement conforms to the principle of accounting conservatism, but it does show the current economic weakness of the United States. Affected by the quarterly results announced by three financial public enterprises, the US stock market fell first and then rose. The Dow Jones index closed at 26,642 points, up 556 points or more than 2%. Nasdaq index rose nearly 1%, It closed at 10,488 points, up 97 points. Oil prices rose yesterday, and the market reported that OPEC+' s crude oil production reduction in June exceeded the original agreement. Under the principle of supply and demand, the oil price in new york futures was pushed back to the level of $40, closing at $40.3 per barrel. The endless spread economic measures caused by the outbreak of novel coronavirus and the tense geographical situation, US President Trump has just signed the Hong Kong Self-Governing Law and an executive order to remove Hong Kong's preferential treatment, in order to punish Beijing for its rude implementation of the Hong Kong National Security Law and its suppression of Hong Kong's human rights and freedoms. The price of gold was flat yesterday, and it was announced last night that the core consumer price index of the United States still increased by 0.2%, which was better than the expected increase of 0.1%. The data offset the news of COVID-19 epidemic and geopolitical tension, and the price of gold dropped slightly by 0.7 USD to close at 1,809 USD 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

2020-07-14

昨日滬深兩地股票市場繼續上揚，分別上漲1.8% 及3.5%，投資市場氣勢如虹!而市場傳中央積極考慮人民幣國際化， 以擺脫美國透過《香港自治法案》打擊香港金融業務及融資能力。但中央亦先要明白結果不能一蹴而就， 這取決於國際資本是否有信心人民幣能自由兌換及提供長期穩定滙價，這將會是一條既崎嶇又充滿荊棘的漫漫長路。   繼早前美國宣布已把4名中國新疆的高官及其家人列入禁止入境美國的名單，並凍結該4名中方官員在美國的資產， 也禁止美國人和機構或在美國境內人士與他們進行財產交易後。中國在昨日對此作出反制，宣布即日起對美國三名參眾議員實施相應制裁， 原因是他們經常惡意批評中國，並多番作出干涉中國內政的言論，嚴重損害中美關係。雖然中方並未公布這次制裁的細節， 但預料是禁止他們和他們的家人入境中國，並也將凍結該3名美國議員在中國的資產，如果他們有的話。新型肺炎在全球肆虐之際， 市場傳來令人振奮的好消息，美國輝瑞藥業和德國生物科技的針對新型冠狀病毒的疫苗獲得了美國食品藥品監管局的快速審批。   有報導指這兩間公司將可在今年年底推出1億劑疫苗，以及之以後每月能以同樣產量生產疫苗。消息刺激美國股市早段急升，道瓊斯指數開市急升400點， 及後投資者獲利回吐，收市報26085點，上升僅10點，而納斯達克指數走勢偏軟，早段曾升195點，最終未能受惠於在其上市的德國生物科技傳出的好消息， 跌226點，收市報10813點。昨日油價下跌，由於全球新型肺炎疫情持續，及各地再次收緊社交措施，即使市場傳將有疫苗在年底推出， 投資者仍擔憂原油需求前景不明朗，紐約期油收市報每桶40.1美元，跌45美仙。金價昨日亞市時段試闖1808不果，回至1805整固，至歐市時段終於突破1810阻力升至1813， 但又遇上疫苗消息而輾轉下跌，最終收報每盎司1802美元，升4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  

2020-07-13

There is an uneasy atmosphere all over the world. The cumulative number of infected people in novel coronavirus has exceeded 12,800, a surge of 16% from last week's 11 million. And the number of infections in the United States is increasing, The situation is almost out of control, with more than 3.35 million confirmed cases and a cumulative death toll of more than 137,000. Even the face-saving US President Trump wears a mask in public, and the bad situation can be imagined! Novel coronavirus is also experiencing the third wave in Hong Kong. Virus experts have pointed out that the virus has mutated and spread faster. It is suggested that the Hong Kong government should consider tightening social measures to the level of March as soon as possible. Before we can effectively control the new virus, we can only rely on personal hygiene awareness and government policies to promote the fight against the small people. However, due to the slow administrative efficiency of the Hong Kong government, the Education Bureau announced last Friday that it was a rare and quick administrative decision to take summer vacation ahead of schedule! Last week, the stock markets of Shanghai and Shenzhen became the kings of the stock market! Last week, China announced the domestic consumer price index, and the figure increased by 2.5%, which was even better than the 2.4% before novel coronavirus appeared last year! A better economy stimulates trading, The two major indexes of Shanghai and Shenzhen stock markets have risen for eight trading days in a row, but unfortunately they were slightly fine-tuned on Friday and the cable was broken; The Shanghai Composite Index still rose 6% to 3,383 points throughout the week, while the Shenzhen Composite Index hit a new high since June 15, and rose 9% to 13,671 points last week. But there are hidden worries behind China's prosperity! That is, Sino-US relations have become worse because of the Hong Kong National Security Law. U.S. Treasury Secretary Nuchin said, "The United States promises to make full use of its economic strength to hold accountable those who violate human rights in Xinjiang and around the world. Nuchin's remarks should imply that those who violate human rights in Hong Kong will be investigated. Earlier, the United States passed the Hong Kong Autonomy Act, which allowed the United States to authorize law enforcement agencies to sanction a series of people who harmed Hong Kong's freedom and autonomy, and also to sanction banks that continue to provide services to these sanctioned people. The individual development of the US stock market worries that the epidemic situation in the United States is getting worse, and the whole country may implement a new round of blockade measures, which will drag down the performance of enterprises, especially entities with higher operating costs. Venture investors have left the traditional economic shares and invested in the new economic shares. The Dow Jones index closed at 26,075 points, up only 78 points. On the contrary, the Nasdaq index has a strong trend, hitting a new high for five consecutive days. In the end, it rose 2.5% in a week and closed at 10617 points. The number of confirmed cases of new pneumonia has increased, and investors are looking forward to more relaxation policies of central banks in various countries. The gold price has been supported and broke the eight-year high last week. The highest value was US$ 1,818 per ounce. Later, the weakening of US stocks enhanced the safe-haven appeal of the US dollar, and gold investors took profits. In addition, the number of initial jobless claims announced by the United States was 1.31 million, which was better than expected and last week's figures. The gold price retreated and closed at $1,798 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

2020-07-10

Yesterday, the stock markets in Shanghai and Shenzhen continued to rise! Yesterday, China announced the domestic consumer price index, and the published figure increased by 2.5%, which was even better than the 2.4% before novel coronavirus appeared last year! The good economy stimulates trading, and the two indexes of Shanghai and Shenzhen stock markets have risen for eight consecutive trading days. The Shanghai Composite Index rose 1.39% to 3,450 points, while the Shenzhen Composite Index hit a new high since June 2015, closing at 13,754 points, up 2.6%. But there are hidden worries behind China's prosperity! The Office of Overseas Assets Control under the U.S. Treasury Department announced yesterday that it had put four senior officials from Xinjiang, China and their families on the list of prohibited entry into the United States, and frozen the assets of the four Chinese officials in the United States. It also prohibits Americans and institutions or people in the United States from trading property with them. This sanction is based on the United States' belief that these officials seriously violated the human rights of ethnic minorities in Xinjiang. Including the so-called re-education camps, the essence of which is to arbitrarily detain Uighurs and mistreat them, including forcing them to rebel against the Islamic dogma they believe in, such as forcing Muslims to eat pork or banning them from fasting. The United States claims that the actions taken are based on the provisions of the Global magnitsky Human Rights Accountability Act, which "prevents the property of people who seriously violate human rights or corruption". U.S. Treasury Secretary Nuchin said, "The United States promises to make full use of its economic strength to hold accountable those who violate human rights in Xinjiang and around the world. Whether Nuchin's remarks imply that those who violate Hong Kong's human rights will be investigated is unknown. But what is certain is that Hong Kong is a part of the world. The United state passed that hong kong autonomy act early, which allowed the United States to authorize law enforcement agencies to sanction a serie of self-governing people who harmed hong kong's freedom, Banks that continue to provide services to these sanctioned people will also be sanctioned. It is rumored that the four major state-owned banks with operations in Hong Kong have conducted sand table drills and worked out contingency plans for relevant measures to deal with the sanctions arising from the Hong Kong Autonomy Act. It is said that under extreme circumstances, the inability to repay US dollars to customers will cause a squeeze, at the same time, it will destroy the bank's reputation and create panic, and eventually drag down the banking system, thus plunging China and Hong Kong into financial crisis. However, it is estimated that due to the international application of the US dollar, even if the measures are only aimed at Hong Kong or China, it will inevitably affect the interests of the United States itself; Considering that Hong Kong is one of the most important US dollar trading centers in the world, Burning serial ships may also harm financial centers in other regions. I believe the US will not impose such severe sanctions for the time being. Individual development of the US stock market worries that the epidemic situation in the United States is getting worse and the whole country may implement a new round of blockade measures. As a drag on the performance of enterprises, especially entities with higher operating costs, venture investors have left traditional economic shares and invested in new economic shares. The Dow Jones index closed at 25,706 points, down 361 points. The decline was 1.4%, and the Nasdaq index hit a new closing high for five consecutive days, rising 55 points or 0.5%, and closing at 10,547 points. The weakening of U.S. stocks enhanced the safe-haven appeal of the U.S. dollar, and last night the U.S. announced that the number of initial jobless claims was 1.31 million. Both are better than expected and last week's figures. The gold price was adjusted back yesterday, with the lowest price of $1,796 and closing at $1,801 per ounce, down $7. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-09

Yesterday, the stock markets of Shanghai and Shenzhen continued to rise, rising by 1.74% and 1.84% respectively, showing strong strength, and driving Hong Kong stocks to rise by 153 points or 0.6% to close at 26,129 points. However, it should be noted that the share price of HSBC Holdings has dropped by more than 4%, which is the biggest decline in three weeks, and its performance is much worse than that of other Hang Seng Index constituent stocks. As one of the three largest note-issuing banks in Hong Kong, it was once a proud enterprise of Hong Kong people. Today's performance is really embarrassing! There are reports that the United States is considering taking action to punish HSBC. Wang Dongsheng, chief executive officer of Asia-Pacific region, supported Beijing to implement the national security law of the port area and signed a petition to support it, which destroyed the western democratic values and deviated from Hong Kong people. US Secretary of State Pompeo once criticized his actions as a "fatal blow" to Hong Kong people seeking freedom. The United States has indicated that it will abolish Hong Kong's independent tariff status, and even use the Hong Kong Autonomy Act to crack down on Hong Kong's financial business. The HSBC incident may be just a small test. Although the bill is still on Trump's desk waiting for his administration to implement it, it has been reported that his advisory team once suggested restricting Hong Kong banks from buying dollars. To crack down on Hong Kong's linked exchange rate system as a punishment for China's implementation of the Port Area National Security Law in Hong Kong, but after discussion, it is found that the feasibility is low and may harm the interests of the United States itself. In the end, the plan was not mentioned to the White House high-level meeting for discussion. If the proposal is true and passed, Hong Kong's status as an international financial center will be in jeopardy. Back to the epidemic that plagued everyone, up to last night, a total of 12.13 million people worldwide had been infected with novel coronavirus. As the most confirmed cases in the world, 70,000 new cases were confirmed yesterday in the United States, with a cumulative number of confirmed cases exceeding 3.15 million. Federal Reserve officials warned that if the epidemic continues to grow at this rate, it will endanger the US economy and delay the pace of local recovery. In fact, many states in the United States have tightened social measures and suspended some economic restart plans. It is expected that the Fed will seek additional resources from Congress so that it can buy more assets to stimulate the economy. Last week, crude oil inventories increased by 5.7 million barrels, 3 million barrels less than the market forecast, and oil prices still rose. Perhaps investors believe that since Saudi Arabian National Oil Company has started to raise the official selling price of crude oil, it shows that the oil price may rise further. New york oil futures closed at $40.9 a barrel. The remarks of Fed officials rekindled the market risk aversion, the dollar continued to weaken, and investors hoped that central banks would have more easing policies. The price of gold broke through resistance yesterday, reaching a maximum of 1818 dollars per ounce. Gold price broke the new high in November 2011 and closed at $1,808 per ounce. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg WhatsApp Link： https://api.whatsapp.com/send? phone=85298765137

2020-07-08

Yesterday, there were many confirmed cases of new pneumonia in Hong Kong, 5 of which were imported cases and 14 were locally confirmed cases; In five cases, the source was unknown. Experts say the third wave of epidemic has broken out in Hong Kong communities. It is also pointed out that invisible patients spread the virus in the community, so Hong Kong should strengthen health control as soon as possible, and tighten social epidemic prevention measures to the level in March again, including considering full suspension of classes and some people working from home. To be fair, after experiencing SARS, Hong Kong has reached a very high level of awareness of preventing virus infection and personal hygiene, and still cannot completely prevent the virus from spreading in the community, let alone in other regions. In particular, the western countries with relatively liberal consciousness, including the United States with the most confirmed cases in the world. As of yesterday, 3.08 million people in the United States had been infected with novel coronavirus, with a cumulative death toll exceeding 130,000. In Texas alone, more than 10,000 people were diagnosed yesterday, setting a new record high! However, there is something wrong with the handling of the epidemic by the President of the United States. For example, the epidemic is getting worse and worse, and all schools in the United States were forced to reopen in autumn yesterday! Statistics show that 55% of the respondents in the United States are dissatisfied with President Trump's handling of the epidemic. Perhaps because of the election year, Trump has pointed all the finger at the economy, including the earlier announcement that he will not stop the economy for the epidemic. Policies derived from competing with China for the world's largest economy; Recently, Trump repeatedly criticized the WHO for being partial to China and helped Beijing conceal the new pneumonia epidemic. The United States has informed the United Nations that it will officially leave the WHO. In the stock market, the stock market rose sharply the day before yesterday. Venture investors worried that the new pneumonia epidemic would drag down the economy and withdraw from the stock market. All the world stock markets except the mainland market retreated by 0.5%-1.5%. The Shanghai and Shenzhen stock markets became a wonderful thing against the market, with the Shanghai stock market continuing to rise by 1.3%, while the Shenzhen stock market went up by 2.7%. The number of confirmed cases of new pneumonia has increased, and it is almost out of control in the United States, increasing the demand for safe haven and weakening the US dollar. In addition, investors are worried that central banks will have more easing policies. The price of gold fell first and then rose yesterday. The price of gold broke through an eight-year high, rising to a maximum of 1797 US dollars per ounce and closing at 1795 US dollars per ounce, up 12 US dollars In terms of oil price, the epidemic worsened and worried about the increase of gasoline stocks in the United States. new york oil futures fell yesterday, once falling below US$ 40, reaching a minimum of US$ 39.9, and fell 0.1 US dollar to close at US$ 40.5 per barrel. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-07

There are many problems arising from the competition between China and the United States for the world's largest economy. It is hard to say how the situation will develop, but obviously yesterday, Chinese stocks became the leader, leading the global stock market to rise. Thanks to the strong economic data released by the United States last week, and the expectation that China will effectively control the epidemic and the economy will return to the right track, the mainland stock market has soared, and the Shanghai stock market has reached a new high of two and a half years, closing at 3,333 points. Driven by the mainland stock market, the Hong Kong stock market is also hot. The Hang Seng Index broke through 26,000 points and closed at 26,339 points, up nearly 1,000 points. Other Asian stock markets generally closed high, with an increase ranging from 1.2% to 1.8%. European stock markets also performed well, with the stock markets in Britain, France and Germany rising by 1.7% to 1.8% respectively. U.S. stocks also undertook the upswing of Asian and European stock markets, with Dow Jones index rising 460 points to close. In terms of data, the European and American data released yesterday also performed well. The PMI of the UK construction industry rebounded significantly from 28.9 in May to 55.3 in June, the highest since July 2018. Return to the expansion level above 50. In June, the US ISM non-manufacturing index rose sharply by 11.7 points month by month to a four-month high of 57.1 points, which was higher than the expected 50.2 points and the highest level since February. It reflects that the service industry activities have almost returned to the level before the outbreak of new pneumonia. Back to the COVID-19 outbreak, the virus is still raging all over the world, and the cumulative number of people infected with novel coronavirus in the world has exceeded 11 million. At least 530,000 people died from new viruses. In the United States alone, more than 2.85 million people have been infected with novel coronavirus and nearly 130,000 people have died. Drugs for novel coronavirus are still in the research and development stage. In addition, clinical trials take time, and experts point out that they will not have the opportunity to launch the market until the end of the year. The new pneumonia epidemic and the implementation of Hong Kong's National Security Act have led to the continuous tension between the United States and China. Liberation warships and American aircraft carriers, At the same time, they carried out military exercises in the South China Sea with live ammunition. If the gun goes off accidentally, the consequences will be disastrous. As for the political attitude, of course, the two countries expressed their respective opinions, and China accused the United States of demonstrating force and hegemony; The United States stated that it is only to ensure that all countries can sail freely in accordance with international law and to promote prosperity and peace for the Indo-Pacific region. Crude oil futures performance deviated from favorable data yesterday and fell. The U.S. economic data has performed well, and it is also reported that Saudi Arabian National Oil Company has raised the official selling price of crude oil, which will increase the official selling price of crude oil to Asian customers by one dollar per barrel. It will also increase the official selling price of European and American customers, but the price has not been announced. However, these two good news eventually lost to the negative impact of the newly confirmed cases of new pneumonia in the United States; New york oil futures closed at $40.63 a barrel, down 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

2020-07-06

Last week was the Super Data Week in the United States, and a number of favorable economic data were released before July 4th holiday, which increased the happy atmosphere of American citizens. First, the Federal Reserve decided to keep the interest rate between 0% and 0.25%, which was in line with market expectations. ISM manufacturing data showed that the manufacturing index rose to 52.6 in June. Returning to the expansion level above 50%, there are already signs that the growth of enterprise investment will drive the labor market. Otherwise, the number of non-agricultural employment surged by 4.8 million in June, which was announced early last Thursday, and the increase was a record high. Not only is it further improved than May, but it is also 60% higher than the market estimate of 3 million people, and the unemployment rate has dropped from 13.3% in May to 11.1% in June, a sharp drop of 2.2%; The fly in the ointment is that the number of people applying for unemployment benefits for the first time last week was 1.43 million. Slightly better than the last published figure, but worse than expected. Another concern is that the cumulative number of people infected with novel coronavirus in the world has exceeded 11 million, and 530,000 people have died due to the infection of new viruses. 220,000 new people were diagnosed all over the world, breaking a new single-day record. However, the number of infection cases in the United States keeps rising, and the situation is almost out of control. Many States in the United States are divided into several States again, and the prospects may not be optimistic. Because of the outbreak of pneumonia in COVID-19, the global economy was forced to almost stop. If the epidemic was not properly handled in one day, the global economy could not return to the pre-epidemic level! Before the new virus can be restrained effectively, we have to rely on personal hygiene awareness and local government policies. The relationship between China and the United States is getting worse, except for the Hong Kong bill of the two countries, that is, the "Hong Kong National Security Law" passed by Beijing And waiting for US President Trump to sign the "Hong Kong Autonomy Act", blaming each other, the plot is getting worse and worse; Last week, the People's Liberation Army (PLA) trained naval guns to shoot at sea in the Xisha Islands for five days. The United States also sent two aircraft carriers to conduct military exercises with the South China Sea in the Philippine Sea. At the same time, the two countries have warships carrying out live-fire drills in the same sea area, which is enough to imagine. Last week, the stock market benefited from the bright data of the United States, and stock markets all over the world recorded an increase. The Dow Jones index rose about 200 points a week to close at 25,827 points. U.S. crude oil inventories decreased by 7.2 million barrels last week due to satisfactory employment data. Oil prices rose, and new york oil futures closed at $40.23 a barrel last week. Gold price hit an eight-year high last week, with the highest value of $1,789 per ounce, subject to favorable risk data and profit-taking by gold investors. The price of gold dropped and finally closed at $1,774 per ounce. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-03

This week is the Super Data Week in the United States. After a number of favorable economic data were announced the day before yesterday, a set of employment data was ushered in again last night. According to the data released by the US Department of Labor, In June, the number of non-agricultural employment surged by 4.8 million, which was a record high. It not only improved further than May, but also was 60% higher than the market estimate of 3 million. The main improvement was that the number of employed people from the private sector increased by 4.77 million. The unemployment rate also dropped from 13.3% in May to 11.1% in June, a sharp drop of 2.2%; In addition, 1.43 million people applied for unemployment benefits for the first time last week. Slightly better than the last published figure, but worse than expected. However, the number of people who continue to apply for unemployment benefits is even worse, not only worse than expected, but also higher than the 19.23 million announced last week, with the announced figure of 19.29 million. The newly announced number of non-agricultural employment shows that the unemployment situation in the United States has greatly increased, but whether it can be continuously improved is the challenge. The increase of the unemployment rate this time is due to the outbreak of pneumonia in COVID-19, and the one-day epidemic has not been properly handled. Employment can't return to the pre-epidemic level! In addition, the number of non-agricultural employed people was counted from the middle of last month to the middle of this month, and the number of people who continued to apply for unemployment benefits did not decrease significantly last week. Non-agricultural data may not reflect the fact that the epidemic broke out again in several States last week. In addition, some States in the United States have re-implemented social restrictions and blocked some economic activities, so there is still a long way to go before the employment in the United States can be restored to the full employment level. US stocks opened higher yesterday, and Dow Jones index pushed up more than 400 points by bright data, but investors took profits and closed up only 92 points to 25,827 points. Oil prices recorded two consecutive rises, and employment data ideally supported the rise in oil prices. New york oil futures closed at $40.65 per barrel, up 2.1%. The price of gold went up and down in a narrow range in the early part of yesterday. When the market opened, it began to fall from $1,772 to $1,764, with a fluctuation of $8. Because investors focused on the non-farm payrolls data released last night, the results showed that the data was excellent. The gold price dropped from $1,773 to $1,760, and the highest rose to $1,779, closing at $1,775 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

2020-07-02

The number of confirmed cases of pneumonia in Texas and COVID-19, California both hit a single-day high, with a total of 15,300 confirmed cases in the two States. Some experts believe that there is a chance that the number of infected people in the United States will exceed 100,000 every day. It proves that the health situation in the United States is bad. Although US President Trump has indicated before that he will no longer shut down the economy for the epidemic, it seems to be out of control. If it cannot be solved as soon as possible, it will eventually bring down the economy. Yesterday, the United States announced a number of important economic data.  First, we announced the record of the last US Federal Reserve's interest rate meeting, and decided to keep the interest rate at 0.25, which is in line with market expectations. According to ISM manufacturing data, the manufacturing index rose to 52.6 in June, which was higher than the market forecast of 49.8, and also returned to the expansion level of over 50, indicating that the US manufacturing industry first got out of the haze under the epidemic after restarting the economy. There are 2.37 million new jobs that are better than the market expectation in the ADP national employment report of the United States. The data shows that the number of employed people has greatly improved, and the improvement of the employed population can boost the American economy. We should know that the United States is a consumer power, with 50% of its GDP consumed by consumers.  Finally, the U.S. Energy Information Administration (EIA) announced that crude oil is stored in the U.S. crude oil inventory. The dramatic decrease of 7.2 million barrels is far lower than the decrease of 700,000 barrels predicted by the market.  Data stimulated oil prices to rise, and new york oil futures closed at $39.82 per barrel, up 1.4. However, all published data were favorable for venture capital. However, the US stock market developed individually yesterday. The Dow Jones Industrial Average, which represents the traditional economy, fell by 78 points or 0.3, and the Nasdaq index, which represents the new technology economy, rose by 96 points or 1. It shows that the epidemic has absolute influence on the traditional economy.  Yesterday, the price of gold hit a new high of $1,789 since 2012, but the lowest price dropped to $1,759, with a fluctuation of $30, closing at $1,769 per ounce. It is estimated that the market will wait and see, and the number of non-farm payrolls in the United States will be announced early on Thursday. 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

2020-07-01

Yesterday, the Standing Committee of the National People's Congress unanimously passed the National Security Law of the Port Area, which was signed by President Xi Jinping and promulgated to the whole country to take effect on the same day.  The National Security Law of the Port Area was immediately added to Annex III of the Basic Law of Hong Kong. To serve as an entry point for the enactment of this law for Hong Kong, so as to avoid the image of the Beijing Government forcing legislation for Hong Kong.  The Government of the Hong Kong Special Administrative Region gazetted last night that the national security law came into effect at 11: 00 last night. Earlier, the United States announced that due to Beijing's forced implementation of the National Security Law of the Port Area, Hong Kong's autonomy was weakened in disguise. It decided to revoke its special treatment status for Hong Kong and suspend the granting of export license exemption, but allowed some goods to be exported to Hong Kong until August 28. Commodities exported to Hong Kong in the future need to apply for a permit, and commodities that have been waiting for loading at the dock or are in transit can continue to be transported to their destinations.  What worries the market is that the United States will cancel Hong Kong's independent tariff status, It even cracked down on Hong Kong's financial business through the Hong Kong Autonomy Act, and even prohibited Hong Kong from using US dollars for sanctions, because the Act allowed sanctions against individuals or enterprises, as well as banks doing business with them. Last night, the United States announced that the Consumer Confidence Index of the Economic Consultative Conference was 98.1 points, which was better than 85.9 last month and better than the market expectation of 91.8.  It shows that American consumers' confidence in economic activities after the epidemic has greatly increased. It also means that the employment situation may improve.  Dow Jones Industrial Average rose 217 points or 0.85, but Powell poured cold water on it.  This morning, Federal Reserve Chairman Powell continued to deliver a speech. He said that in the second quarter of the United States, the economy may have the biggest decline on record, because the epidemic situation has risen rapidly and the relevant social restrictions of various state governments and the partial suspension of economic restart measures have caused a sharp decline in economic activities. The number of unemployed people may increase significantly, while the production and employment situation of enterprises is still far below the pre-epidemic level.  He concluded that the economic prospects of the United States are still very unclear, and the key lies in whether the epidemic situation can be controlled and the government's support for economic recovery. Affected by economic data and market optimism, it is expected to stimulate crude oil demand to drive up oil prices. new york oil futures closed at 39.6 US dollars per barrel, an increase of more than 1.5 Gold price hit a new high since October 2010, and really broke through 1780 level on the last trading day of June, with the highest price rising to 1786 US dollars per ounce and closing at 1782.   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

2020-06-30

Sino-US relations are still tense, and the Standing Committee of the National People's Congress will end today. According to people who participated in the meeting, it was clear that there were similar laws on Hong Kong's national security. Just wait for the details, including penalties and implementation methods, and express our country's absolute determination to implement Hong Kong's national security law, so as to prevent other countries or organizations from attacking China's integrity and security through Hong Kong. It is expected that the Standing Committee of the National People's Congress will conclude the case today and promulgate it to the whole country.  The United States pointed out that China undermined Hong Kong's one country, two systems granted by the Sino-British Joint Declaration and grossly damaged Hong Kong's autonomy. Last Thursday, the U.S Senate unanimously passed the Hong Kong Autonomy Act, which can sanction people and enterprises that the U.S. believes are damaging Hong Kong's autonomy.  The bill allows sanctions against individuals or enterprises, And the banks with which they do business.  The bill needs to be passed by the US House of Representatives, and then signed by President Trump before it will take effect. Beijing sternly criticized the United States for its intention to interfere in China's internal affairs, and said it would take countermeasures and refuse to issue Chinese tourism certificates to American officials.  However, some business people who are pro-Hong Kong government said that if the United States really implements the Hong Kong Autonomy Act, Hong Kong's economy is bound to suffer a serious blow, and China's counter-attack measures will only be in vain, which will not help Hong Kong maintain its international status.  Last night, the United States released the outstanding housing sales report for May. Data rose by more than 44, the biggest increase in history, far exceeding market expectations.  Venture capitalists ignore the rising number of new cases of COVID-19's illness, and investors expect the United States to introduce more economic stimulus measures. US stocks closed high across the board, with the Dow Jones Industrial Average rising 580 points to close at the highest level of 25,595 points, an increase of 2.3. This morning, Federal Reserve Chairman Powell pointed out at a hearing in the House of Representatives that the economic prospects of the United States are still very uncertain, and the key lies in whether the epidemic can be controlled and the government's support for economic recovery. Powell mentioned that after the end of social restrictions in some areas, it has been observed that enterprises are reopening, speeding up the recruitment of staff and increasing the expenditure of enterprises, and the employment figures have also continued to rise. Consumer spending rebounded strongly last month, and has now entered an important new stage, which is mainly the challenge of controlling the virus.  Affected by economic data and market optimism, it supported the recovery of crude oil demand, which led to the rise of oil prices. New york oil futures closed at US$ 39.7 per barrel, rising more than the 3 yuan index, hovering at 97.4 points, and the gold price also hovered near the seven-and-a-half-year high. The volatility of the gold price narrowed yesterday, rising and falling between 1767 and 1774. It failed to test the new high of 1779 this month, and closed at 1771 dollars per ounce, down one dollar.  As for whether a breakthrough can be made on the last trading day in June to solve the seven-year itch, it is expected! 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

2020-06-30

Sino-US relations are still tense, and the Standing Committee of the National People's Congress will end today. According to people who participated in the meeting, it was clear that there were similar laws on Hong Kong's national security. Just wait for the details, including penalties and implementation methods, and express our country's absolute determination to implement Hong Kong's national security law, so as to prevent other countries or organizations from attacking China's integrity and security through Hong Kong. It is expected that the Standing Committee of the National People's Congress will conclude the case today and promulgate it to the whole country.  The United States pointed out that China undermined Hong Kong's one country, two systems granted by the Sino-British Joint Declaration and grossly damaged Hong Kong's autonomy. Last Thursday, the U.S Senate unanimously passed the Hong Kong Autonomy Act, which can sanction people and enterprises that the U.S. believes are damaging Hong Kong's autonomy.  The bill allows sanctions against individuals or enterprises, And the banks with which they do business.  The bill needs to be passed by the US House of Representatives, and then signed by President Trump before it will take effect. Beijing sternly criticized the United States for its intention to interfere in China's internal affairs, and said it would take countermeasures and refuse to issue Chinese tourism certificates to American officials.  However, some business people who are pro-Hong Kong government said that if the United States really implements the Hong Kong Autonomy Act, Hong Kong's economy is bound to suffer a serious blow, and China's counter-attack measures will only be in vain, which will not help Hong Kong maintain its international status.  Last night, the United States released the outstanding housing sales report for May. Data rose by more than 44, the biggest increase in history, far exceeding market expectations.  Venture capitalists ignore the rising number of new cases of COVID-19's illness, and investors expect the United States to introduce more economic stimulus measures. US stocks closed high across the board, with the Dow Jones Industrial Average rising 580 points to close at the highest level of 25,595 points, an increase of 2.3. This morning, Federal Reserve Chairman Powell pointed out at a hearing in the House of Representatives that the economic prospects of the United States are still very uncertain, and the key lies in whether the epidemic can be controlled and the government's support for economic recovery. Powell mentioned that after the end of social restrictions in some areas, it has been observed that enterprises are reopening, speeding up the recruitment of staff and increasing the expenditure of enterprises, and the employment figures have also continued to rise. Consumer spending rebounded strongly last month, and has now entered an important new stage, which is mainly the challenge of controlling the virus.  Affected by economic data and market optimism, it supported the recovery of crude oil demand, which led to the rise of oil prices. New york oil futures closed at US$ 39.7 per barrel, rising more than the 3 yuan index, hovering at 97.4 points, and the gold price also hovered near the seven-and-a-half-year high. The volatility of the gold price narrowed yesterday, rising and falling between 1767 and 1774. It failed to test the new high of 1779 this month, and closed at 1771 dollars per ounce, down one dollar.  As for whether a breakthrough can be made on the last trading day in June to solve the seven-year itch, it is expected! 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

2020-06-29

According to the statistics of Johns Hopkins University in the United States, the cumulative number of people in the world exceeded 10 million, and novel coronavirus was diagnosed and nearly 500,000 people died.  The United States is the most serious, accounting for one quarter of the global cases. The cumulative number of cases exceeded 2.5 million, and 125,000 people died from novel coronavirus infection.  Last week, there were even more signs of deterioration. Last weekend, more than 40,000 people were newly diagnosed in a single day across the country. Florida alone had more than 9500 confirmed cases over the weekend.  Several states in the United States tightened social restrictions and suspended the reopening of some economic measures to prevent the epidemic from worsening further. Last week, the International Monetary Fund (IMF) warned that if novel coronavirus spreads more widely, re-implements the blockade measures, or the trade tension intensifies again, it may increase the risk of the risky asset market. Because the valuation of some stocks and corporate bonds seems to be too high, it is out of touch with the development of the real economy.  Sino-US relations continue to be tense. The US Senate unanimously passed the Hong Kong Autonomy Act last Thursday. The bill can sanction people and enterprises that the US considers to harm Hong Kong's autonomy.  The bill allows sanctions against individuals or enterprises, as well as banks doing business with them.  Beijing criticized this as a hegemonic act of the United States and intended to interfere in China's internal affairs. It is expected that the bill will be passed in the US House of Representatives after the National Security Law of Hong Kong Edition is passed by the Beijing National People's Congress, and then signed into effect by President Trump. As of last Wednesday, it was obvious that venture capitalists ignored the second wave of COVID-19's illness, and the market was overly optimistic, and continued to push the world stock market upward until the IMF issued a warning last Thursday. And the new cases of epidemic in the United States increased in a double way and reached a record high, which immediately impacted the financial market. The Dow Jones Industrial Average index fell in the first two trading days of the weekend and continuously fell to a two-week low. It closed at 25,015 points, while the Nasdaq index fell below 10,000 points to close at 9,757 points.  The number of people infected with novel coronavirus in the world exceeds 10 million, which puts pressure on oil prices;  At the beginning of last week, new york oil reached the highest post-epidemic record of $41.6 per barrel. It continued to decline, closing at $38.2 per barrel, close to the lowest closing in one week.  However, the US dollar remained strong, and the US dollar index was above 97 points, which once delayed the increase of gold price. After gold futures hit a seven-and-a-half-year high of $1,779 per ounce on Wednesday, the price of gold fell below $1,750 under pressure because the United States considered imposing tariffs on European goods, which boosted the demand for dollars. Finally, it returned to the level of 1770 by the news of the epidemic, and closed at 1772 dollars per ounce, which was the third consecutive week of increase. 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

2020-06-24

U.S. Treasury Secretary Nuchin expressed his expectation that China would fulfill the first-stage trade agreement.  He also said that if the United States can compete with China in a fair environment, it will be a great opportunity for the United States. Because China has a huge and growing middle class market, however, if the United States cannot participate and compete on a fair basis, the economic relations between the two countries will be disconnected. U.S. Treasury Secretary Nuchin said he expected the economic recession caused by the new pneumonia epidemic to end before the end of this year.  He revealed that a new round of stimulus plan may be adopted in July. The mainland stock market fell first and then rebounded yesterday.  In the early stage of the market, Navarro, a White House trade consultant, pointed out that the Sino-US trade agreement had ended. However, after that, President Trump clarified in a social networking post that the trade agreement with China was in good condition, and the index turned from falling to rising.  The American manufacturing managers index rebounded in June, and financial data provider Markit announced that, The initial value of manufacturing purchasing managers' index (PMI) rose to 49.6 in June, up 9.8 month by month, which was better than the market expectation, reflecting that with the economic restart, the contraction of manufacturing and service activities improved. Last month, the construction of new houses rose by nearly 17%, exceeding expectations.  U.S. stocks closed high across the board. In addition to the bright data above, the market also expected more stimulus measures from U.S. Treasury Secretary John Nuchin, and technology stocks continued to be bought. In addition, the tension in international trade eased slightly, pushing up the market, and the Nasdaq index broke its peak again.  The Dow Jones index rose 290 points at most and closed at 26156 points.  The Nasdaq hit a new high in the market and closing. The index once rose by 1.6 to 10221 points, and closed at 10131 points, up 74 points, or more than 0.7. This month, it was the fifth time to generate a new high in the city.  The weakness of the US dollar led to an increase in gold prices, which closed at 1,770 US dollars per ounce. It rose by US$ 15.6, or 0.8, the highest in more than seven and a half years.  It is one step away from the high of 1,773 on October 12, 2012.  Oil prices rose first and then returned, mainly because the market predicted that US crude oil inventories would increase. American petroleum institute announced that US crude oil inventories increased by 1.7 million barrels last week, which was significantly higher than the market expectation of an increase of 300,000 barrels.  New york oil has reached its highest level since the beginning of March, and then turned down. New york oil futures closed at $40.37 a barrel, down 36 cents, or 0.9 For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-06-23

Chinese and European leaders held a video conference. President Xi Jinping met with European Council President Michel and European Commission President Von Draine.  Xi Jinping pointed out that, China is willing to work with the European side to promote Sino-European relations in the "post-epidemic era" and move to a higher level.  Xi Jinping stressed that China wants peace and not hegemony. It is an opportunity rather than a threat. The two sides should respect each other, seek common ground while reserving differences, and make peace while being different, so as to continuously enhance mutual understanding and trust.  Xi Jinping's remarks are obviously in response to last week's EU announcement. The EU is about to launch a series of measures to try to curb Beijing's trade ambitions on the European continent.  Xi's speech at least tried to reduce his opponent outside the United States. As a matter of fact, Europe and China, as the world's two largest economies, currently face great uncertainties in the world. Only by strengthening international cooperation can we meet global challenges and jointly promote the recovery of the world economy. However, this is often the case with state affairs. Politics usually comes before economic interests.  Ishigaki City Council of Okinawa Prefecture in Japan passed a bill calling Japan the Senkaku Islands and China the name of the Diaoyu Islands. From "Den Ye Cheng" to "Den Ye Cheng Jian Ge", the name is expected to be officially changed from October 1.  The Chinese Ministry of Foreign Affairs spoke immediately and Japan passed the so-called "rename" bill. It is a serious provocation to China's territorial sovereignty and firmly opposes it. It has made solemn representations to Japan through diplomatic channels and reserves the right to make further reactions. U.S. stocks fell first and then rose. The market was concerned about the increase in confirmed cases of new pneumonia and the U.S. economic situation. After that, the market turned up again and again, driven by the build-up of technology stocks.  The Nasdaq index climbed 10,000 points again. The Dow Jones index also climbed 26,000 points to close at 26,024.  The dollar fell and the market was concerned about the prospects for economic recovery after the epidemic.  The dollar index fell about 0.7 percent to 97.017. Gold prices rose to a one-month high, driven mainly by the decline in the US dollar.  In addition, the global epidemic situation is still uncertain, and the demand for safe haven also supports the gold price. Gold rose to $1,759 yesterday as nobody entered the market.  Harvest pushed gold back to $1,754 an ounce.  Gold stocks and oil all rose, while crude oil futures continued to rise, closing at $40.3 a barrel. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-06-22

內地過去一日新增26宗新型肺炎確診病例，本土病例佔25宗，22宗來自北京，3宗來自河北。其中有百事公司位於北京的一間工廠有8人確診， 工廠停工停產。這是北京繼新發地市場之後的第二個社區爆發群組，情況令人擔憂。直至昨日統計，全球至少46萬死於新型冠狀病毒， 而確診病例超過884萬宗。疫情從去年12月在中國爆發後，目前已蔓延到196個國家及地區。病毒除了造成傷亡外，更嚴重打擊經濟， 曾一度令全世界經濟幾乎停擺，疫情第二波發展確實令人擔心。美國聯儲局主席鮑威爾上週在參議院聽證會作證時說，雖然近期美國經濟改善， 但由於新型冠狀病毒疫情帶來的較高失業率和小企業倒閉潮，美國經濟仍面臨顯著的長期傷害。除非疫情真正得到控制，否則不太可能經濟全面復甦。 而美國聯儲局在上週亦公布議息維持在0至0.25厘，並將保持利率在目前水平直至2022年底。除了疫情令經濟停滯不前外，世界政局緊張亦加添投資風險。   美國國務卿蓬佩奧和中共中央政治局委員楊潔篪，日前在夏威夷的會面，有美官員形容，中國在會面中的態度不積極，雙方關係緊張。 估計所說的態度不積極就是指北京國安立手法及態度。美國總統特朗普就再次威脅，要切斷與中國的關係。 而昨日美國海軍兩個航母戰鬥群，於菲律賓海面展開軍演。似乎是要向中國傳達信息，就是即使新型冠狀病毒疫情大流行， 美軍將繼續在區內維持強大力量，以震懾中國。此外，中國印度邊境爆發流血衝突，印度據報改變接敵規則，容許印軍在今後中印衝突向解放軍開槍。 北韓宣佈將對韓工作改為對敵工作小股兵力，南韓政府消透露，捕捉到兩韓邊境哨所清除雜草及維修道路，擔心可能會對南韓發動軍事行動。 莫要發展成中印衝突結果，因為北韓下一步行動不可以理性推斷。金價上週再次突破1730美元，最高升至1745美元。 由於疫情,經濟,甚至世界政局都存有不穩定因素，有利金價走勢。紐約原油合約亦創疫情爆發後新高，曽重上每桶40美元水平，後市看疫情第二波發展。   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 【服務內容】 －每月技術分析教學講座 －每週導讀交流班 －whatsapp免費會員交流群組 －收費行情指導群組 －即市策略指導 －數據提示及分析 －每日市況分析及評論 官方網站：www.wemadewealth.com [http://www.wemadewealth.com] 諮詢請INBOX或聯繫WhatsApp：98765137 WhatsApp Link：https://api.whatsapp.com/send?phone=85298765137

2020-06-19

US Secretary of State Pompeo and Yang Jiechi, member of the Political Bureau of the CPC Central Committee, concluded talks in Hawaii yesterday.  After the meeting, both sides expressed that the meeting was effective and achieved certain results.  The Chinese Foreign Ministry said, Yang Jiechi clarified China's position on Sino-US relations and issues concerning Taiwan, Hong Kong and Xinjiang, stressing that China's establishment of the "Port Security Law" is purely an internal affair of China and firmly opposes US intervention in Hong Kong affairs. China's determination to push forward national security legislation in Hong Kong is unshakable.  Later on the same day, the National People's Congress Committee also added the "Port Security Law (Draft)" to its agenda for deliberation. It is estimated that it has been approved to some extent by the United States. However, the US State Department said that Pompeo stressed at the meeting the need for China and the United States to establish comprehensive and mutually beneficial exchanges in the fields of commerce, security and diplomacy, and urged China to remain transparent in the fight against the epidemic. After observing the talks between the two sides, the atmosphere in the public speech was friendly and each should have his own needs. It is expected that Hong Kong's status as a financial center will be preserved.  Major European stock markets fell, ending the gains of the past two days. The increase in new pneumonia cases in China and parts of the United States has triggered investors' worries about the second wave of infection.  However, the stock market in new york has developed individually with limited rise and fall.  According to figures from the US Federal Reserve, As of Wednesday, the balance sheet had a size of 7.14 trillion U.S. dollars, a weekly decrease of 80 billion U.S. dollars, the first contraction since February, representing a decrease in the amount of currency swaps between the Federal Reserve and foreign central banks. As well as other emergency credit arrangements.  Reflects the decrease in international trade, mainly due to the new crown epidemic.  The number of confirmed cases of new pneumonia has increased after several US states restarted their economies. But President Trump reiterated that he would not impose the blockade again.  The number of new claims for unemployment assistance in the United States decreased slightly to 1.51 million last week but still exceeded expectations. The number of continuing claims for assistance also stood at 20.54 million. Reflecting that the road to labour market recovery is still long.  Gold prices are soft and the US dollar index remains strong above 97, weakening gold's safe-haven ability. However, the number of confirmed cases of new pneumonia worldwide has increased, limiting the decline of safe-haven gold. Gold prices surged yesterday to a high of 1,738 US dollars and a low of 1,717 US dollars, closing at 1,722 US dollars.  Crude oil futures prices rise.  Organization of Petroleum Exporting Countries and Allies Hold Ministerial Committee Meeting, He also urged Iraq, Kazakhstan and other countries to better abide by the agreement.  According to the investigation, the implementation rate of the agreement reached 87. 5% in May. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-06-18

U.S. Secretary of State Pompeo met with Yang Jiechi, a member of the Political Bureau of the CPC Central Committee, in Hawaii and met behind closed doors at a military base in Honolulu to seek to ease tensions between the two countries. It is expected that the scope of discussions between the two sides will include the handling of the new crown epidemic, trade issues between the two sides, the peaceful development of the Korean Peninsula, and possible mention of China's military actions in the South China Sea. This is the first meeting between the two countries' top officials since the outbreak of the new pneumonia epidemic.  In the closed-door meeting, it is estimated that the theme will fall on Beijing's approach and rationale for promoting the Hong Kong version of the National Security Law. In addition, the US side will bargain over the sanctions to be imposed and the possibility of countermeasures will be exchanged.  Yesterday, the EU will soon launch a series of measures to achieve a level playing field with China. At the same time, it also tries to contain Beijing's trade ambition in the European continent. This is the first time that the European Union has demonstrated its geopolitical power in a rare way after the United States challenged China.  During their meeting in Hawaii, China has lost another bargaining chip and is temporarily at a disadvantage.  Although the results have not been announced, I hope the two sides can finally make a rational decision to create a win-win situation, benefiting both their own countries and the world. U.S. Federal Reserve Chairman Powell said at a congressional hearing on the second day that the U.S. economy is beginning to recover from the worst of the novel coronavirus crisis, but at present 25 million people are unemployed in the United States. In addition, the epidemic situation continues, requiring more assistance from Congress.  If Congress withdraws its support too soon, the situation is worrying.  He mentioned that economic recovery from recession may take some time. Interest rates may need to remain close to zero for a long period of time, and the Federal Reserve will continue to buy government bonds to lower longer-term borrowing costs.  Crude oil futures prices fell. The number of confirmed new pneumonia cases in China and the United States has increased, and the U.S. Energy Information Agency announced yesterday that crude oil stocks increased last week and have increased for two consecutive weeks, increasing 1.2 million barrels last week, pushing down oil prices. New york Oil closed at US$ 37.96 a barrel, down 42 cents, while 1.1 yuan's exchange rate rose but fell against traditional safe-haven currencies.  The number of confirmed cases of new pneumonia in the United States and China has increased significantly. Triggering the inflow of funds into safe-haven assets.  Gold price trend volatility narrowed again, yesterday's volatility was 1713-1730.  It closed at $1,726 an ounce, up less than $1, repeatedly challenging a high of 1,730 in the gloom. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg  

2020-06-17

The US State Department said that Pompeo and Deputy Secretary of State Bigan met with a delegation headed by Yang Jiechi, a member of the Political Bureau of the CPC Central Committee, on Wednesday at Hickam Air Force Base in Hawaii. It is expected that the scope of discussions between the two sides will include the handling of the new crown epidemic, trade issues between the two sides, and the peaceful development of the Korean Peninsula. The top priority of the discussions will inevitably be Beijing's promotion of the Hong Kong version of the national security law while the US side will first release goodwill. Not only will flights to and from China and the United States be allowed to fly around, but also the ban on doing business with Huawei will be amended, and domestic enterprises will be approved to cooperate with Huawei to formulate 5G network standards.  However, there is no free lunch. If you want to know that Pompeo is a hawk in the United States, and that the people are the first to salute and the second to fight, the Beijing delegation may not have been unaware of this. It has made its own calculations before it set off.  It is expected that the final result will only vary in degree and where the steps are located. U.S. released core retail sales data last night, up 12.4 percent from last month and 5.5 percent higher than expected, confirming U.S. citizens' return to economic activity.  The economy is back on track, with the US dollar index strengthening 96.62. Close to today's high closing.  However, cold water was poured on the data after it was released. US Federal Reserve Chairman Powell testified at the Senate hearing that although the US economy has improved recently, However, the US economy is still facing significant long-term damage due to the high unemployment rate and the closure of small businesses brought about by the novel coronavirus epidemic.  He pointed out that with the recent economic restart, some economic indicators have stabilized or even rebounded. However, the economic output value and employment rate are still far lower than those before the epidemic.  Powell said a full economic recovery is unlikely unless the epidemic situation is truly under control.  The longer the economic downturn lasts, The longer-term damage caused by permanent unemployment and business failure will be more serious.  He finally warned that if the downward trend of the economy cannot be controlled and reversed, the gap between the rich and the poor will widen. It is not only the poor who are forced to live. North Korea blew up the two Koreas' liaison office building in Kaesong Industrial Park and threatened to restart the nuclear test.  The United States immediately urged the Pyongyang government to avoid taking further counter-productive measures. Gold's volatility narrowed yesterday, mostly between 1720 and 1730, closing at $1725 an ounce, still looking for news to break through the gloom.  With the recent economic restart, social activities began to flourish. Oil rose as high as US$ 39 a barrel in new york and closed at 37.87.  Crude Oil Investors Pay Attention to US Oil Inventory Announced Today.    For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg