Gold market analysis

2020-06-16

中方將及時發布。中方不否定傳聞，暗示真有其事。不知美方是否要顯示誠意，預備了手信;路透社報導，美國將會修改禁止美國企業與中國電訊設備商華為有生意往來的禁令， 容許他們在5G網絡建設方面，與華為合作。美國政府去年以國家安全為由，限制向華為出售美國產品及技術。兩國修補關係， 對推動已被新冠肺炎弄得支離破碎的全球經濟絕對有利，股票市場即時作出反應，原本受中美兩國爆發新疫情所影響，亞洲股市全面向下。   但在消息傳開後，美股做好，道瓊斯工業平均指數升0.6%報收25,763點。美元指數昨天先升後跌，跌破97水平，收96.6，以全日低位收市。 現今疫情仍反覆，國際關係未完全明朗，世界經濟形勢更趨嚴峻，更複雜多變，投資者正面臨較多風險挑戰。美元指數昨日走弱，並未惠及另一作為避險工具的黃金。 金價昨日大幅震盪，高低波幅達30美元。金價在亞洲開市時段便開始下跌，最低在美市開始曾跌至1704美元1盎司，收報每盎司1725美元。 市場震盪令黃金小投資者失去信心，但亦無須太灰心，始終各國央行放水救市仍是事在必行，疫情帶來的經濟不穩定亦會有利金價走勢。 紐約期油走高，市場氣氛改善，令油價回升至每桶37美元水平收市。   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

2020-06-15

U.S. stocks pointed to a record high last week, breaking the 10,000 mark for the first time.  However, the Dow Jones Industrial Average is only 8 short of its pre-crash high. In order to solve the market failure and credit freeze, The U.S. Federal Reserve not only provides liquidity to high-quality enterprises, but also benefits the junk bond market. Under the effect of increased liquidity, the stock market has outperformed the real economic growth rate at an extremely fast speed. The U.S. Federal Reserve announced last Wednesday that the interest rate will remain at 0-0.25% and will remain at the current level until the economy passes the test of recent events and is expected to remain at the current level until the end of 2022. However, after the meeting, US Federal Reserve Chairman Powell delivered a speech which looked at the weak prospects of the US economy.  The U.S. stock market fell on Thursday, with the Dow Jones index plunging more than 700 points when it opened, dropping 1907 points at most. The decline had rebounded more than 75% to 25,600.  U.S. President Trump said last week that in response to China's push for the Hong Kong version of the National Security Law, he had indicated that he would begin to terminate the procedures for the U.S. government to maintain a special relationship with Hong Kong. U.S. Treasury Secretary Noumqin added last Thursday that the U.S. may restrict the flow of U.S. dollars through Hong Kong, which is undoubtedly blocking China's fund-raising function in Hong Kong and hitting the nail on the head. It is said that the top officials in charge of foreign affairs of the two countries are preparing to meet in Hawaii. The United States is headed by Secretary of State Peng and China is sending Yang Jiechi, director of the Office of the Central Foreign Affairs Committee. Although the relevant arrangements and the contents of the meeting have not yet been determined, and the United States and China have witnessed new outbreaks respectively, the attitudes of the two countries are especially important to the economic performance of the world.  I hope the two countries can let go of their prejudices and work together to tide over the difficulties. In addition to the difficult treatment of Sino-US relations, the political situation has turned dark again. Relations on the Korean Peninsula have recently become more tense. North Korea announced earlier that defectors should spread anti-North Korea leaflets on the border and change their work against South Korea to work against the enemy. And ordered the complete closure of all communication channels between the two Koreas.  Yesterday morning, Jin Yuzheng, younger sister of North Korean leader Kim Jong Un and first deputy minister of the Central Committee of the Labor Party, said that it was time for North Korea and South Korea to make a clean break. North Korea is about to take the next step.  Suggest that they will use force to achieve their goals.  North Korea is a small economy, but it plays an important role on the world stage. Its big-flowered role is flawless and interspersed between China and the United States. A lot of little tricks, beg for cheap.  However, if this bad child has a mishap, it can lead to disaster in the world, which is inevitable.  Gold prices rose last week as the U.S. stock market opened sharply, reaching a peak of 1,744 U.S. dollars per ounce. At last, it closed at $1730 per ounce on Friday, a rise after a three-week decline and a recovery from last week's losses.  After six weeks of continuous oil increases in the new york period, the cable was finally broken. In the past Tuesday, it was as high as $40.40 per barrel, but due to the news of the increase in crude oil stocks and the sharp drop in the global stock market due to worries about the economic prospect, it closed as low as $36.50 on Friday, down 6.7 in a week. 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

2020-06-12

The number of first-time jobless claims in the United States fell to 1.542 million last week from 1.897 million the previous week, slightly lower than the expected 1.55 million. The original data favorable to the stock market did not cover all bad news. A new outbreak has occurred in Texas, US. The market worries that the US will fail to restart its economy, triggering panic in the market and plunging US stocks.  The Dow Jones index fell more than 700 points when it opened. After that, it expanded its decline and lost 26,000 points, with a sharp drop of 1,907 points at most, before closing down 1,861 points at 25,128 points, a decline of about 7%. On the other hand, US Federal Reserve Chairman Powell made a speech after the interest rate meeting on Wednesday, which looked down on the prospects and pointed out that the road to recovery was still long, adding to market worries about the pace of economic recovery. In fact, in order to solve the market failure and credit freeze, the U.S. Federal Reserve not only provides liquidity for high-quality enterprises, but also benefits the junk bond market. Under the effect of increased liquidity, the stock market has outperformed the real economic growth rate at an extremely fast speed. The U.S. stock market fell sharply this time, hoping to eliminate speculative risks and achieve higher and more sustained growth in the future.  Investors should also learn to strengthen discipline and strike a balance between objectives, capital and risks. Gold rose as the stock market opened sharply, reaching a peak of $1744 an ounce and finally closing at $1737.  The U.S. Department of Energy announced on Wednesday that local oil production fell 10 weeks last week. However, crude oil stocks increased by 5.72 million barrels to 538.1 million barrels, 100,000 barrels higher than the previous record in 17.  The recovery of oil demand is not fast enough, while the pace of supply decline is slower than demand. In addition, the global stock market fell sharply due to worries about the economic prospect, dragging down the pressure on new york oil.  Oil prices fell to 37 U.S. dollars per barrel during the new york period and fell 8.69% to 36.16 dollars on Thursday. 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

2020-06-11

China announced yesterday the Industrial Producer Index (PPI) and the Consumer Price Index (CPI) for May. The ex-factory price of domestic industrial producers (PPI) fell 3.7% year on year last month. The largest decline since March 2016 also exceeded market expectations.  However, CPI rose 2.4% year on year and 3.3% in April.  PPI deflation intensified and CPI inflation slowed down, reflecting the slow recovery of China's economy. Inflation pressure cannot be generated. If this trend continues, CPI will go into deflation, which is not conducive to the development of the country.  The United States also released the core consumer price index (CPI) for May last night. The data is as good as the market expected -0.1%, better than April -0.4%, which proves that the US economy has signs of improvement.  Comparing the two countries with CPI, China's growth is slowing down while that of the United States is improving but still negative. If these two sets of data are used to analyze the degree of economic recovery, it is really difficult to separate yuan from yuan.  Oil prices have changed from falling to rising. According to data from the US Energy Information Agency, US crude oil stocks unexpectedly increased by 5.7 million barrels last week, reaching a record high. Gasoline stocks increased 866,000 barrels, significantly exceeding expectations.  New york oil fell more than 2% before closing up 1.7% and finally closed at 39.6 U.S. dollars a barrel, up 66 cents. Early this morning, the U.S. Federal Reserve announced the results of the interest rate discussion and decided to maintain the target range of the federal funds interest rate at 0-0.25%, which is in line with market expectations.  The Federal Reserve also said it would keep interest rates at current levels. Until the economy has passed the test of recent events and is on track to achieve employment and inflation targets.  It is expected that the interest rate will remain at the current level until the end of 2022. The Federal Reserve has suspended the publication of economic and interest rate forecasts since March this year and resumed this morning. The economy is expected to contract by 6.5% this year, much less than the 2% growth forecast in December last year, and will grow by 5% next year. In addition to sharply lowering the GDP growth rate, the unemployment rate was also raised to 9.3% from the 3.5% expected in December.  Inflation has been adjusted from 1.9% to 0.8%. After the announcement of the interest rate discussion results, the US dollar index fell further to 96.2. Gold prices also continued to rise as the US dollar weakened, closing at a peak of US$ 1740 an ounce at US$ 1737. 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

2020-06-10

The International Monetary Fund (IMF) predicted earlier that there would be zero economic growth in the Asian region this year. Observing the economic and trade activities in various regions, due to the longer-than-expected closure of several regions, Asian economic forecasts will be lowered in the future.  According to the organization's observation, China performed better than other regions in the entire Asian region. The main reason is that its deadline was earliest, even though the economic performance in the first quarter was similar to the IMF's expectation. However, economic activity has shown signs of bottoming out since the second quarter and is expected to have a better pace of recovery than other regions.  The organization said that the import and export of goods and people have been reduced under the epidemic situation, and countries should strengthen cooperation in the future. We also hope that the improvement of international trade relations will help the global recovery.  Finally, it points out that Hong Kong's position as a golden ball financial center is very important not only to China but also to other parts of the world. It is hoped that Hong Kong will maintain its status as an international financial center.  U.S. stocks hit a new high as soon as possible, pushing Hong Kong stocks up 280 points to 25,057 points yesterday, a three-month high and recovering 25,000 points. It rose for 7 consecutive trading days.  A shares also reported a victory, with the Shanghai and Shenzhen indexes rising three times and four times respectively.  Although the stock market is booming, large listed companies are also languishing. Cathay Pacific, which is losing billions of dollars a month, has turned to the government for recapitalization. The Hong Kong government will spend 273 yuan through the Land Fund to assist shareholders in the implementation of the share supply plan.  The group said that capital restructuring was the only way to save the group, and unless it was supported by the government, it would have to close down. U.S. stocks developed individually and technology stocks continued to improve, driving the Nasdaq index to break the top again, breaking the 10,000 mark for the first time.  Dow Jones index and S&P 500 index fell.  In addition, investors are concerned about the Federal Reserve's interest rate meeting. The market is not expected to adjust interest rates, but is concerned about the administration's view on the current economic situation.  Gold prices also continued to climb and returned to 1700 levels as the US dollar weakened, closing at 1714 with a peak of 1721. 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

2020-06-09

The U.S. stock market continued last week's upturn, with the S&P 500 index performing brilliantly, recovering its lost ground from March 23 when the new virus hit a market value of 10 trillion U.S. dollars and was the fastest bear market in history. The Dow Jones Industrial Average is still 8% below its pre-crash high, but the U.S. stock market has performed better than China, which overcame the epidemic first.  China was boycotted by western countries led by Britain and America. Huawei, one of the most proud high-tech companies among the Chinese, is also unable to move forward. Huawei has launched a 5G propaganda campaign in the UK. However, British Prime Minister Johnson criticized Huawei's network as potentially involving security risks that could harm individuals. Commercial organizations and even the country suffered losses.  Bloomberg reported yesterday that the U.S. Department of Commerce announced in May that global manufacturers are prohibited from supplying semiconductors made with U.S. technology or equipment to Huawei without permission. The U.S. ban hit Huawei's heart. Huawei's own inventory of important chips designed for its own telecommunications equipment will be exhausted by early 2021. Sino-US disputes continue. Unless there is a real escalation, investors have already filtered out such noises and will not be affected.  The latest US employment and Chinese export data show that the economy is recovering from the epidemic. Hedge funds continued to flow out of the US dollar, with the US dollar index falling for eight days to 96.7.  Gold prices have rebounded and the market is concerned that the stimulus policies implemented by central banks will continue for a period of time to support gold prices. Gold closed at $1,699 an ounce.  Oil prices fell by more than 3%. OPEC and its allies earlier agreed to extend the cut-off agreement until the end of July to cope with the drop in demand caused by the epidemic. But Saudi Arabia, Kuwait and the United Arab Emirates said they did not intend to extend their voluntary reduction of 1.18 million barrels per day beyond the end of June.  New york Oil closed at $38.19, down $1.36, or 3.4%. 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

2020-06-08

Last week, the conflict between China and the United States remained, but it was only limited to verbal attacks and no concrete actions. It also lifted the ban on flights between the two places and eased market tensions. Violent demonstrations in the United States over the death of black Floyd by white police officers continued, but the U.S. stock market rallied last week, with the Dow Jones Industrial Average returning to 27,000, a 45% rebound from its March low. U.S. economic data performed well, showing that the new virus is gradually getting rid of its economic troubles.  Investors' risk bias increased, with gold falling for three weeks in a row. Gold prices fell sharply after Friday's non-farm employment report. It fell as low as 1,671 an ounce and closed at $1,683 an ounce, down $44, or 2.6%.  The European Central Bank has stepped up its stimulus plan to support the economy, increasing the scale of the emergency anti-epidemic debt purchase plan by 600 billion euros. To 1.35 trillion euros, up more than expected.  The market is watching this week's meeting of the Quad Reserve Board to discuss interest rates.  The US dollar index continued to fall below 97 and hovered at 96.7, a three-month low.  Under the pressure of increasing euro zone debt issuance, It is expected that the interest rate will remain unchanged and the US dollar index is still difficult to recover.  Prior to the OPEC and its allies plan, some countries failed to implement the production reduction plan, triggering a crisis of breakdown in the production reduction talks. Finally, an agreement was reached to restart the ministerial meeting last weekend to discuss the reduction policy.  News of economic recovery and relaxation of travel restrictions have led to a sharp rise in oil prices.  Oil-producing countries have been able to reduce the number of oil-producing countries. It is believed that the oil group will reach an agreement to maintain or even reduce the production reduction in one to two months.  New york oil closed at $39.50 a barrel. This morning Bloomberg even reported that Saudi Arabia has increased the price of crude oil to all regions after OPEC+ oil producers extended their historic production cut by one month.  The price of Asian crude oil will be raised to US$ 7.30 per barrel by US$ 5.60. The news is more favorable to the oil price trend. 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

2020-06-05

On the political front, the market returned to calm without further provocation from both China and the United States. Stock markets around the world reflected economic data yesterday.  The European Central Bank has stepped up its stimulus plan to support the economy. The scale of the emergency anti-epidemic debt purchase plan will be increased by 600 billion euros to 1.35 trillion euros, an increase higher than expected. The market is watching the Federal Reserve's interest rate meeting next week.  The dollar index continued to slide to 96.76. The number of new jobless claims in the United States last week fell to 1.877 million from less than 2 million for the first time since mid-March, but still exceeded market expectations, with stock market investors taking the lead. The Dow Jones index moved repeatedly, dropping nearly 200 points and rising 115 points before finally rising 11 points to 26,281 points, up 4 consecutive days.  Gold fell 1.5% after the day before yesterday's warehouse-washing, thanks to the weakening of the US dollar. Yesterday, the gold price rebounded and recovered half of its lost territory, reaching a high of 1722 and closing at 1713.  New york oil closed at $37.4 a barrel, up 0.1.  Investors should pay attention to the non-agricultural employment report released by the United States tonight. 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

2020-06-04

Asia's leading stock markets rallied yesterday amid growing optimism about a global economic recovery as countries around the world further lifted restrictions and boosted investor confidence, And over sino-American tensions and a crisis of violent protests across the United States. Yesterday's eurozone composite purchasing managers' index rose to 31.9 in May, up from 13.6 in April, Is a rebound from a nearly 22-year low; The final reading of the Institute for Supply Management's non-manufacturing purchasing managers' index rose to 45.4, though it was still some way from the 50 mark that separates expansion from contraction. But there have also been significant improvements. A report by human resources consultants ADP released on the same day showed that the change in non-farm payrolls fell by 2.76 million in May, significantly less than the market estimate of 9 million. The analysis suggests that unemployment may have peaked as business activity resumes. The positive data led U.S. stocks to do well, with British, French and German stocks up nearly 3% to 4% and the Dow challenging 26,000, It closed up 2% at 26,269 points. Gold was the casualty, extending losses in the US session, falling below 1690 to close at 1698. U.S. crude inventories fell by 2.077 million barrels last week, according to the U.S. Energy Information Administration, The market had expected an increase of 3.038 million barrels. But Saudi Arabia and Russia have been tough on cheating on some of their commitments to cut output, Uncertainty surrounds whether the Organisation of the Petroleum Exporting Countries and its Allies will meet as scheduled this month. Oil prices gave up some of their profits, still up 4 percent at $36.8 a barrel in New York. For detailed analysis and operation Suggestions, please CLICK below to join the group and contact the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-06-03

China and the United States have traded blows over the new pneumonia outbreak and the Hong Kong issue. It emerged that Chinese government officials had instructed major state-owned trading companies to suspend imports of some U.S. agricultural products. But U.S. soybean exporters sold several cargoes of soybeans to Chinese state-owned buyers, people familiar with the matter said, meaning some of the trade continues. In Beijing, the foreign ministry was asked how it would respond to the report on the suspension of us agricultural products. He said he was not aware of what the reporter said, adding that China's position on china-us economic and trade issues was consistent and clear. The chairman of the us senate finance committee is also unconvinced that China will not honour the first phase of the trade agreement between the two countries. The agreement has temporarily eased tensions. Russia is an old hand at pushing back against President trump's proposal to expand the size of the group of seven (g7) summit and try to draw Russia in to contain China. The Russian foreign ministry said its participation could not guarantee the summit's full representation, adding that Russian involvement could raise more questions than answers. Neither refuse nor accept. U.S. stocks rose amid massive demonstrations in the United States, but markets remained focused on measures to lift the embargo, restart the economy and signs of recovery, and china-u.s. relations have yet to deteriorate further. The dow closed near its highest level of the day, up 1% at 25,742. Oil prices rose to their highest level in about three months. Markets are anticipating a meeting of the organization of petroleum exporting countries and its Allies this week, Will agree to extend the output reduction agreement until July or August; In addition, economic restarts around the world are expected to lead to increased demand, which is good for oil prices. Separately, the American petroleum institute said U.S. crude inventories fell 483,000 barrels last week, compared with market estimates of a 3 million barrel increase. Futures closed at $36.81 a barrel in New York, up about 4 percent. In a sign of investor optimism, the dollar index and gold prices fell, with gold prices continuing to retreat, closing down 1 percent at $1,733 an ounce in New York For detailed analysis and recommendations, please CLICK the following link to join the group and contact the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-06-02

At the request of the us side, Russian President vladimir putin and US President Donald trump talked over the phone and discussed the epidemic prevention and control and the situation in the global oil market. Mr Trump has indicated he may invite the leaders of Russia, Australia, India and South Korea to the g7 summit. You know, Russia was the big brother of the Chinese communist party before it got rich, Although Russia is not as strong as it used to be, its overall strength, especially its military, cannot be underestimated. If the United States pulls Russia in as a containment ally, the smaller countries of China in eastern Europe may follow Russia's lead, China will become more isolated. The us city of New York has announced a curfew from 11pm to 5am as violent protests intensified. But it didn't affect the stock market. The dow Jones industrial average fell and then rose. The session ended up 91 points, or 0.4%, after a 288-point range, matching the s&p 500's 0.7% gain. U.S. stocks rose amid signs of recovery in the U.S. economy, with a manufacturing index rising from an 11-year low to 43.1 in May for the first time since January, adding to optimism that the economy could restart. It also counteracts fears of mass demonstrations, tensions between China and the United States, and a second wave of the epidemic. China's manufacturing purchasing managers' index, released yesterday, rose to its highest level since February. The return of the expansion level and the rebound in European manufacturing PMI from a low level in the same period led to an improvement in risk sentiment. The dollar has weakened, with optimism that the worst of the covid-19 recession may be over, The dollar index.dxy fell below 98, or 0.4%, to 97.81. Improving risk sentiment sent stocks higher, threatening to block gold's rise, which closed at $10 at 1,739. Gold continues to look good. Oil prices held steady, supported by reports that Opec and Russia are close to reaching an agreement to extend production cuts and are discussing a proposal to extend them by one to two months. In addition, the market is weighing the impact of international geopolitical tensions on future oil demand. Futures closed at $35.44 a barrel in New York. For detailed analysis and recommendations, please CLICK the following link to join the group and contact the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-06-01

US President Donald trump told a news conference on Friday that he had instructed officials to begin the process of revoking Hong Kong's special regional preferences, after the Beijing meeting voted to authorize the standing committee to enact a draft of the law. U.S. democratic presidential candidate Joe biden's top foreign policy adviser, James blinken, said earlier that if President Donald trump imposes sanctions on China over Hong Kong, biden would win the election. These sanctions will also continue to be enforced. Playing the China card has become an essential part of the presidential campaign. Earlier, the vancouver Supreme Court ruled that Ms. Meng's case met the extradition standard of "double criminality," and that the process of extraditing her from Canada to the United States would proceed. The U.S. embassy in Canada criticized the results after they were released, Canada is clearly complicit in the us's efforts to "bring down" huawei and other Chinese tech companies. U.S. President Donald trump, speaking to reporters Friday, said he would postpone the group of seven, or G7, summit, and said he would invite other countries. According to a White House official, Trump wants to talk about China. We explicitly invite more countries to encircle China. As a result of the way Hong Kong's national security law has been enacted, china-us relations have rapidly fallen to their lowest level in many years. These include the economy, science and technology, the military, institutions, even ideology, and even international public opinion. Trade is essentially a two-way exchange of needs and benefits, But China has been the workshop of the world for some time. It is the second largest economy in the world and an indispensable player in driving the world economy. China's economy has been squeezed. The American economy, and indeed the world's, is hardly immune. With the economic outlook fraught, gold will be valued as a safe haven. For detailed analysis and recommendations, please CLICK the following link to join the group and contact the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-05-29

Yesterday, the National People's Congress voted to pass a bill authorizing the Standing Committee to enact the "Port Security Law". It is expected that the Standing Committee will pass the legislation as soon as next month, and the SAR government will be gazetted and take effect. U.S. President Trump said last night after U.S. Secretary of State Pompeo reported to Congress that China has bypassed Hong Kong's legislation and fundamentally undermined Hong Kong's autonomy. Hong Kong may no longer conform to the special status conferred by the United States. A press conference will be held on Friday to talk about China and forecast that some decisions will be made.  White House Economic Adviser Kudla said that Washington may need to treat Hong Kong as mainland China when dealing with trade and other financial affairs. Involving customs duties, financial transparency, stock listing and related matters.  However, China's Ministry of Foreign Affairs responded earlier that China would take countermeasures against any foreign intervention in Hong Kong affairs. At this stage, China and the United States are no longer playing Texas poker and stealing chickens before the end of the game. Instead, they are playing mud wrestling to see which side loses more badly.  Gold price is stable and international geopolitical relations are tense, which brings support to gold price. It was reported to be 1,718 dollars an ounce.  U.S. released a number of important economic data last night. The figures were generally worse than market estimates and the Dow Jones Index closed 147 points lower. Let's look at a few figures first. US GDP showed negative growth in the first quarter -5% compared with the expected negative growth of 4.8%.  The number of new first-time applications for unemployment benefits also exceeded the expected 2.1 million by 120,000.  The most interesting thing is the oil inventory. Crude oil stocks fell 2 million barrels from the forecast, while the report showed an increase of 7.9 million barrels.  However, US gasoline stocks unexpectedly decreased by more than 720,000 barrels last week, indicating increased domestic demand and gradual improvement in refining activities. The news of gasoline stocks stimulated oil prices to rise in the U.S. period, with new york oil closing at $ 33. 7 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

2020-05-28

U.S. Secretary of State Pompeo sent a letter to submit a report to Congress, pointing out that Hong Kong no longer enjoys a high degree of autonomy under China and that Hong Kong is no longer guaranteed the treatment granted by the United States before its return. One of the treatments may mean suspending the zero-tariff special treatment for Hong Kong's exports to the United States, which means that the United States government may impose the same tariffs on Hong Kong's exports as on mainland China. At this stage, the world's two largest economies are playing games, but the two tigers are fighting each other, and one cannot be intact. The removal of Hong Kong's special status by the United States will also affect its own economy!  Therefore, the U.S. moves this time are based on international morality. Whether it is Trump's political show for this election year or not, it has caused market turmoil.  What is even more unfortunate is that Hong Kong has not only become a pawn, but also become a millstone. Its fate has gone wrong.    Hong Kong stocks generally fell in american depositary receipt, but U.S. stocks generally closed higher. Apart from the market's expectation that U.S. stocks will gradually recover after the U.S. economy is unsealed and restarted, the two stocks will rise higher and fall lower. It is also a demonstration that the market is reflecting the current Sino-US rivalry. Who has the upper hand?  Oil prices dropped sharply, mainly because of tensions between China and the United States.  In addition, the market spread that Russia hopes to ease the reduction of oil production from July. New york Oil closed at $32.81 a barrel, down $1.54, or 4.5%.  However, data released by american petroleum institute this morning showed that US crude oil stocks unexpectedly increased by 8.7 million barrels last week, while the market originally estimated a decrease of 1.9 million barrels. Gold prices showed repeated performance, dropping from a high of 1716 to a low of 1694 shortly after the opening of the market, rebounding to close at $1,709 an ounce through a letter from Pompeo to the Congress.    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

2020-05-27

The Hong Kong government announced yesterday that in response to the slowing down of the epidemic in Hong Kong, restrictions will be further relaxed. Four types of restricted premises, Karaoke, nightclubs, bathrooms and party rooms, The time limit for business restriction expires at midnight on May 28 and business can be resumed.  In addition to Hong Kong, countries around the world have gradually lifted the blockade measures that have been in effect for many months. All over the world, epidemic prevention measures have been further relaxed. Bars, cafes, swimming pools and beaches have reopened. The optimism brought to the market outweighed the doubts about tight U.S.-China relations. European and U.S. stock markets both closed high.  The trading hall of the new york Stock Exchange was partially reopened last night. About 100 brokerage representatives, supervisors and exchange employees were allowed to return to the trading hall. The traditional trading method replaces the all-electronic trading operation that started on March 20.  Although last night only accounted for about a quarter of the total number of staff in the past, the symbolic significance is even greater: the United States began to return to work! The rise in oil prices has been accompanied by the release of seals around the world. Economies including China have begun to restart their economies, which has led to an increase in crude oil demand. In addition, oil-producing countries have undertaken to reduce production. Market reports have suggested that Russia's energy minister will discuss with major oil companies to extend production cuts. In addition, the Organization of Petroleum Exporting Countries and its allies will meet again early next month to discuss maintaining the reduction in production. Both support the rise in oil prices.  Meanwhile, International Energy Agency (IEA) Director Fatih Birol said that global energy consumption has not yet peaked. With strong government policies, sustained economic recovery and lower oil prices, global crude oil demand will return to its original or even higher level.  New york Oil closed at $34.35 a barrel, up $1.1 or 3.3% As for gold price, it was affected by a drop in safe-haven demand to US$ 1710 per ounce, down two days in a row. 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

2020-05-26

U.S. National Security Adviser O 'Brien said that Beijing's drafting of the Hong Kong version of the national security law may lead to U.S. sanctions because once Beijing successfully bypasses Hong Kong legislation, a precedent will be set. It seems that Beijing will basically take over Hong Kong and threaten Hong Kong's status as a financial center.  In addition, EU representative borrell said that Asia is replacing the United States as the center of world power. The EU should adopt a firmer strategy towards China.  Borrell said that the epidemic could be seen as a turning point for power to shift from the west to the east. However, the current relationship between the EU and China is not always based on "trust, transparency and reciprocity".  He called on the EU to deal with China with common discipline and to establish better relations with other democratic regions in Asia. Suggested to join the containment of China.  As oil prices rise, the market expects crude oil demand to rise as countries gradually restart their economies, but investors are still focusing on the development of Sino-US relations.  New york oil closed at $33.80 a barrel. Gold prices were subdued, with a full-day volatility of only US$ 7, closing at US$ 1726 up less than US$ 1.  At a time when fears of a pandemic are beginning to fade, rising tensions between China and the United States have increased geopolitical uncertainty. The economy hit hard by the epidemic has finally reopened, and the global market is hesitating under the mutual pull of these two factors.    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

2020-05-25

Relations between China and the United States have become more tense, shifting from the economic field to military facilities. The slight difference in every move between the two countries is enough to shake the global economy. After the US State Department announced last week that it approved the sale of heavy torpedoes and related equipment to Taiwan, China immediately announced an increase in this year's defense spending budget to 1,260 billion yuan, up 6.6% on an annual basis. We will focus on supporting the modernization of national defense and the armed forces.  On Friday, it was reported that the United States was considering resuming nuclear tests.  On the same day, Beijing announced that it would draft the Hong Kong version of the national security law, expecting stricter governance of Hong Kong. The news rapidly deteriorated Sino-US and Western multi-country relations.  A number of European countries, led by Britain, made a joint statement expressing serious concern about the situation in Hong Kong.  The U.S. side even made a reprimand and warned that Hong Kong's special trade treatment would be cancelled. The Hang Seng Index plummeted 1400 after news of the Hong Kong version of the National Security Law came out.  The US dollar index rose 0.4% to 99. 8 thanks to the turmoil and the demand for safe haven. Gold prices dropped back to 1728 after hitting a seven-and-a-half year high of 1,765 US dollars on Monday, following a good experimental report on the development of a vaccine against the new coronavirus by US drug Modernaa. Although the number of new claims for unemployment benefits in the United States was lower than the market expectation on Thursday, the gold price did not rise but fell driven by optimism and briefly fell below 1720. On Friday, the Hong Kong version of the National Security Law increased risk aversion in the market. Gold recovered some of its lost ground and still fell 0.4% to close at $1,734 a week. In the long-term low-interest environment, coupled with increased tensions between China and the United States, the trend of gold prices is favorable.  In the four-hour chart, it can be seen that the trend of gold price has not yet fallen beyond the upward trend line launched in May and can hold the support line of 1725. Gold price is still strong this week, up 1,738 resistance to try to reach 1740.  Oil prices have risen for four consecutive weeks. Of the five trading days last week, only Wednesday saw investors become cautious and drop slightly as they prepared to settle futures contracts. The main reason is the negative oil price haze on April 21.  Only on Friday did oil prices close down 2% due to the impact of Sino-US tensions. The four consecutive increases in the original oil price are partly due to the OPEC agreement to cut production, and also help many countries resume social activities and production in succession.  However, there is no real antidote to the new crown virus, which is still spreading all over the world and has become a hidden worry for the increasing demand for crude oil. As many positive factors have been digested, the tension between China and the United States is rising, and the market has doubts about the recovery rate of fuel demand, crude oil prices are expected to continue to rise this week. Whether they can hold on to $30 a barrel is the key. 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

2020-05-22

Sino-US Financial War Escalates Again!  Following the recent news that the Nasdaq Stock Exchange raised the threshold for initial public offerings (IPO), the US Senate passed the Foreign Company Accountability Act unanimously. That is, foreign companies listed in the U.S. must comply with U.S. auditing and regulatory standards, and the company must prove that it is not owned or controlled by foreign governments;  Otherwise, the bill will prohibit the relevant shares from listing on the U.S. stock exchange. Although the bill applies to all foreign companies, it is an "iron fact" that the United States suppressed China!  Only when the bill is passed by the House of Representatives and submitted to President Trump for signature can it take effect. The Dow Jones Industrial Average fell 101 points as tensions between the United States and China rose. The United States has again seen a large number of people applying for unemployment benefits for the first time. According to data released last night by the U.S. Department of Labor, the number of people applying for unemployment benefits in the United States increased by 2.438 million in the past week. The 2.4 million people higher than the market estimate put the number of people applying for unemployment benefits at over 30 million in the past six weeks.  However, as US Treasury Secretary Manuel Mü nchen had already made a bad speech and the data had fallen for seven consecutive weeks, Before the market is optimistic about the job market due to the deregulation.  Huang lost 1748 positions in the gold market yesterday, moving from wave to wave, and broke 1720 after the first announcement of the data, not excluding the opportunity to touch 1715. New york crude oil futures contract rose another 51%, the reason has been written many times;  Global demand for crude oil slowly increases after unsealing.  Investors should note that Federal Reserve Chairman Powell will make another speech this afternoon. 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 [https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg] WhatsApp Link： https://api.whatsapp.com/send?  phone=85298041193

2020-05-21

Sino-U.S. Relations Rise Again Due to New Viruses.  U.S. Secretary of State Pompeo has once again accused China of responding to the new pneumonia epidemic. He criticized that China's mistakes have resulted in 300,000 deaths worldwide and up to 9 trillion U.S. dollars in global economic losses.   This remark is obviously aimed at President Xi Jinping's speech at the opening of the World Health Assembly video conference two days earlier, when Xi Jinping said, "China has always kept the WHO and relevant countries informed of the epidemic situation in an open, transparent and responsible manner.  "   Will it lead to a new cold war between China and the United States without stopping warming up?  The answer may not be!  However, it has obviously caused more economic instability, including the extremes of trade agreements and sanctions.   Many central banks have indicated that they will formulate unlimited monetary easing policies to cope with the economic impact of the epidemic. Yesterday, Britain issued bonds at negative interest rates for the first time and issued 3.75 billion pounds of three-year government bonds with an average yield of -0.003%.   The U.S. Federal Reserve did not rule out the possibility of further implementation of economic support measures earlier, and the remarks attracted much speculation.  Leading to a slight drop of 0.04% in the US dollar index.   Tensions between China and the United States and monetary policy have given gold price support.  Gold prices rose yesterday.   However, the market's hope for economic recovery has increased and its risk appetite has improved, limiting the rise in gold prices, which closed at 1748 in US market hours.  And as yesterday said, the resistance level set in April 1748, gold seems to be consolidating in this position, waiting for the next wave to erupt.   Crude oil gets rid of negative oil price haze!  Yesterday, the United States released a very encouraging figure for crude oil stocks. The announcement was a big reduction of 500 barrels, which was 6 million barrels lower than the market forecast, because the market forecast that stocks would increase by 1 million barrels.   This is enough to prove that after the gradual lifting of restrictions by the U.S. state governments and the availability of medical doctors, citizens have stepped out of their psychological threats, returned to social activities despite the spread of the epidemic, and businesses have resumed operations, including ignoring government opposition before. Tesla, who has insisted on returning to work.  All signs favor the price of crude oil.  New york crude oil futures rose 5% yesterday.    For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0

2020-05-20

U.S. Treasury Secretary Federal Reserve Chairman Powell attended a Senate Banking Committee hearing last night to assess how to restart commerce and whether to carry out additional policies to improve the economic impact caused by coronavirus. McNuchin expects the unemployment rate to get worse, but the situation will improve in the third and fourth quarters as the states begin to reopen and business activities resume. Powell said that only when the health crisis is resolved, people feel safe to resume normal activities, can society fully recover.  He suggested that Congress, the White House and the Federal Reserve may need more help. However, Powell warned that if the state government is forced to lay off workers in order to achieve a balanced budget, it may slow down the recovery, citing the global financial crisis and the following years. State layoffs and lack of recruitment have indeed put pressure on economic growth. U.S. Congress has previously approved trillions of dollars of fiscal laws to support businesses and aid workers.  But do the two men's comments mean that more money is about to be released?  The answer is expected. As gold prices rose, the market remained uncertain about how the economy would emerge from recession. However, optimism about the development of a new type of pneumonia vaccine limited the rise in gold prices to 1745 US dollars. The trend is still constrained by April's 1748, but 1726 is clearly supported. The June oil price in new york did not repeat the sharp decline to negative value at the end of the May oil settlement.  The June oil settlement price was reported at US$ 32.50 per barrel, up 2.1%. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0