Gold market analysis

2020-05-19

U.S. pharmaceutical companies have announced that the experimental vaccine for novel coronavirus's disease under development has shown optimistic results in initial research.  Investors also turned to optimism and hoped that the Federal Reserve would propose more monetary stimulus measures. The Dow Jones Industrial Average surged 911 points yesterday to rescue the US economy from recession. The market spread that Germany and France called for the establishment of a 500 billion euro recovery fund for Europe and proposed to allow the European Commission to finance the fund from market loans. Add to this the easing of anti-epidemic blockade measures by governments all over the world, and investors are willing to believe that the worst of the epidemic for the world economy has passed and European stock markets surged with global stock markets yesterday. Affected by "good" news, the U.S. dollar's hedging function retreated slightly, with the U.S. dollar index falling 0.7% to 99.62. Gold, another hedge tool, was able to fend off its losses. It lost a seven-year high of 1,765 US dollars and had demonstrated a high dive. At its worst, it fell 40 US dollars to 1,727 US dollars before closing at 1,730. Gold's ability to hit a high level in recent years is based on two horses and chariots: the new virus epidemic has hit the global economy, causing the central banks of various countries to be unlimited in scope, which will definitely devalue currencies and cause inflation. The other is the Sino-US trade war. Recently Sino-US relations have become increasingly tense. Both sides have hit each other with one blow, which is likely to cause the gun to go off accidentally and hinder economic development. Gold is an investment tool that can resist inflation and preserve its value in troubled times. It takes time and a lot of policies to implement to improve the medical economy and international relations. Yesterday's decline only allowed the two horses to rest and could be seen as an adjustment.  As long as it can be bottomed between 1730 and 1740, it can still make a comeback. The trend of crude oil prices has benefited from the resumption of production in various countries and the impact of demand recovery. Oil prices have been rising for three consecutive weeks. If the overall global situation continues to improve, it will support oil prices to continue to rise.  New york crude oil futures rose 7% to $31.70 a barrel. 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

2020-05-18

Last Friday, the U.S. dollar index continued to strengthen, but this did not hinder the gold rally for two reasons. First, the worse the U.S. economic data than the market expected, the better the gold price. Thursday's first jobless claims had been rehearsed. On Friday, the U.S. released retail sales data for April. The difference in performance continued to record the largest monthly decline in history, with a drop of 16.4%, which was much lower than the 12.0% drop expected by the market and doubled from the 8.4% drop last month. Second, the Sino-US trade war continues to heat up, increasing the demand for gold as a safe haven investment tool.  On Friday, the U.S. Department of Commerce proposed new regulations requiring foreign companies to use U.S. chip equipment. Only after obtaining the license issued by the United States can certain chips be put into effect immediately on Friday.    Although the US side is a foreign company, it actually refers to Chinese technology enterprises such as Huawei.  China responded strongly, pointing out that if the United States further suppressed Huawei, China would fight back strongly, including including Apple and other related US enterprises. In the "list of unreliable entities", companies such as Qualcomm, Cisco and Apple may be restricted or investigated, and Boeing's aircraft procurement may be suspended. The Chinese side stressed that the counter-measures were to tell the US side that there was a price to pay to suppress Huawei.  Gold rose to 1752 in the US market, a seven-year high, but unfortunately it was unable to hold on to the 1748 level set on the 24th of last month and finally closed at 1742. There will be no heavy data to be released in the market next week, and gold price is estimated to move up and down within a reasonable range.  Judging from the trend alone, if the gold price can maintain a range of 1730 to 1740, it can be regarded as a healthy consolidation and has the ability to step up again. However, 1726 is especially important. If it falls below this key position, it may return to 1715 support position.  New york's current month crude oil futures continued yesterday's uptrend, rising 2%. With oil-producing countries reaching further agreements to cut production, and countries easing blockade measures one after another, and market data showing that China's daily crude oil consumption rebounded last month as refineries increased production, the market's confidence in improved demand has been strengthened. The slogan of restarting the economy has led to a steady rise in crude oil prices, which also reflects investors' full hope for the prospect of crude oil demand. Crude oil investors should pay attention to short-term risks, including whether the second wave of the new coronavirus broke out, oil stocks and the negative oil price haze that appeared on April 21. The June contract of WTI crude oil will expire on Wednesday, that is, may 20. investors must be psychologically prepared and well managed. 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

2020-05-15

U.S. President Trump said harshly that he didn't want to talk to Xi because China's handling of novel coronavirus was too poor and suggested that in the most extreme case, relations with China could be cut off. His remarks may be a political gesture for the presidential election, but they will definitely heat up the Sino-US trade war. The Dow Jones Industrial Average fell 450 points at one point after the opening and recovered its lost ground in the afternoon. Energy stocks did a good job in driving the index up and ended up 377 points. Oil prices rebounded, and the International Energy Agency predicted that global inventories would decrease by about 5.5 million barrels per day in the second half of this year as demand increased.  According to data from the US Energy Information Administration, Last week, crude oil stocks unexpectedly decreased by nearly 750,000 barrels, the first decline in 15 weeks. In addition, major oil-producing countries have also promised to reduce production one after another, and more countries have relaxed restrictions, all of which have led to a rebound in oil prices. New york crude oil closed at $27.6 a barrel this month, up 9%.  The increase in oil prices is still determined by stocks. The U.S. stock market fell sharply and then rose sharply on Thursday, based on optimism that the market will gradually open up the economy.  However, the number of initial claims for unemployment benefits last week announced by the United States yesterday was exposed The unemployment rate caused by coronavirus and the strong presentation of the US economic situation are still deteriorating. In the week ending May 9, 2.98 million people applied for unemployment benefits for the first time in the United States, down from 3.17 million in the previous week, but more than the 2.5 million expected by the market. This reflects that the market is overly optimistic about the speed of economic recovery brought about by the gradual relaxation of restrictions. First-time data underperformed expectations, becoming a catalyst for higher gold prices.  After the data was released, the gold price could begin to rise, reaching as high as 1737 to close at 1730. A further challenge to April's high 1748 or higher may require consolidation between 1720 and 1730 before it can be realized. 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

2020-05-14

Influenced by Federal Reserve Chairman Powell's remarks that the prospect economy faces significant downside risks, the recent market rise has also pushed stock valuations to a lower attractive level. The Dow Jones Industrial Average fell 500 points yesterday as investors dumped shares. Oil prices fell 2% earlier, and Federal Reserve Powell's pessimistic remarks about the economic outlook once again triggered worries about weak demand for crude oil. In addition, the OPEC report once again lowered its forecast for global crude oil demand this year, predicting a drop of 9.07 million barrels per day and a drop of 6.85 million barrels last month, mainly due to the global economic recession caused by the new pneumonia epidemic. Saudi Arabia and Russia issued a joint statement expressing their willingness to coordinate production. Last night, data from the US Energy Information Agency showed that crude oil stocks unexpectedly decreased by nearly 750,000 barrels last week. For the first time since January, the stock of crude oil in U.S. oil delivery base Kuxin decreased by 3 million barrels. With the support of oil price, new york's current-month futures returned to the level of 25.50 U.S. dollars per barrel, a slight increase of closing. The exchange rate of the US dollar is stable. Federal Reserve Chairman Powell reiterated that the bureau's view on negative interest rates has not changed. This is not a matter for the policy-making committee to consider. The dollar index rose about 0.2% to 100.2.  Gold saw a dramatic increase in the US market last night. After Powell's remarks, investors were affected by panic and fell to 1698 at the worst. However, gold has always been a safe haven for investors, pushing it as high as 1718 to 1715. The higher the risk in the investment market, the greater the value of gold. For example, if gold breaks through 1720, it will try 1730 this month. 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

2020-05-13

The trade war has resumed. Some Chinese officials are reported to be dissatisfied with the recent criticism of China by the United States over the newly crowned epidemic and with China's many concessions to the United States. We are considering abolishing the existing first-stage trade agreement with the force majeure clause in the agreement and renegotiating the agreement that is more favorable to China. China believes that the United States cannot restart the trade war in the election year and the current economic difficulties. It is in China's interest to renegotiate at this stage. Yesterday, China suddenly announced the exclusion list of goods subject to tariff increases on the United States. It may be the first shot fired by China.  Yesterday, four meat producers in Australia were banned from importing meat. Australia, as one of the five-eye alliance to monitor the epidemic situation in China, is also provocative. In an interview, Williams, a former vice chairman of the U.S. Economic Commission and former U.S. President Trump, pointed out: Sino-U.S. tensions are rising due to the newly crowned epidemic. Describing the two sides as having launched a new cold war, they also warned that if not handled carefully, things would become far worse than at present. Before Federal Reserve Chairman Powell was about to make an economic speech, US President Trump was again pushing for the Federal Reserve to adopt negative interest rates, stressing that other countries were enjoying the benefits of negative interest rates. The United States should also accept it.  He also proposed to restrict the investment direction of the US Federal Reserve Fund, that is, not to buy Chinese investment products! With the second wave of possible new virus attacks and the rise of trade wars, gold prices approached 1712 twice in US trading yesterday, returning to 1700 to consolidate and try to move up gradually. After China restarted its economy, it has bought more crude oil and shipped it, while many countries in Britain, the United States and Europe have gradually relaxed social restrictions, and oil-producing countries have agreed to reduce production again, which is beneficial to oil prices. In fact, the world cannot be shut down for a long time due to the epidemic. The demand for crude oil will continue to increase even if it cannot return to before the epidemic. However, investors are observing crude oil stocks at this stage, and new york crude oil futures are vying to hold between US$ 25.50 a barrel. 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

2020-05-12

While the world is eager to lift the ban on the virus, there will be another community outbreak one month after the national blockade is lifted in China, while Germany reports that the number of infected people is also increasing after the initial blockade is lifted. Saudi Arabia, on the other hand, proposed a new agreement in addition to its previous offer to reduce the price, expecting oil-producing countries to reduce another 1 million barrels on the basis of the agreement starting in June. Previously, the agreed reduction was 10 million barrels. The original factor that was good for oil prices was not matched by the second wave of virus attacks. Oil prices dropped to US$ 24.14 a barrel during the new york period, while the Dow Jones Industrial Average fell 110 to close.  Oil prices are affected by short-term oil stocks. The Federal Reserve Bank said last night that it would do its best to ensure that economic activity resumed in a safe situation, but expected the recovery in all sectors to be slower than expected.  He reiterated that the interest rate will remain near zero for a long period of time. In addition, he does not think negative interest rate is the best tool of the Federal Reserve. The market expects negative interest rates not to occur in the short term, but the close level of 0 also strengthened the US dollar, with the US dollar index closing at 100.2 and depressing gold prices.  Gold lost 1,700 yuan and fell to a low of 1,692 to close at 1,698 in U.S. trading. Gold price is entitled to benefit under the support of virus attacking economy and unlimited amount of money. However, investors lose their direction at this stage, which can not reflect their hedging function. 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

2020-05-11

On Friday, trade representatives from China and the United States spoke, saying that the two sides agreed to strengthen macroeconomic and public health cooperation and strive to create favorable atmosphere and conditions for the implementation of the first phase of the Sino-US economic and trade agreement. They also agreed to continue to maintain communication and coordination. The market hopes that Sino-US trade tensions will not escalate for the time being, which will benefit high-risk market products. The Hang Seng Index rose 250 on the same day. The U.S. Department of Labor announced on Friday that the number of non-farm payrolls in April 2020 fell by 20.5 million, the worst on record, but better than the market forecast of 22 million. Unemployment soared 10.3 percentage points to 14.7 percent on a monthly basis, the biggest drop since the Great Depression and less than the 16 percent expected by the market. As the economic data was better than the market expectation and the market had already prepared for it, the unprecedented number did not make a bigger impact. Instead, S&P rose 1.7% to 2,929. S&P has risen 30% from its low six weeks ago when companies failed to provide relative profits. U.S. President Trump revealed in an interview with Khodorkovsky News that in the event of a coronavirus outbreak, some states, including California, may reopen faster. Commenting on the non-farm employment report, he said: "All the lost jobs will come back soon." Gold price is under pressure, and gold has retreated from its high level of 1724 before the non-agricultural figure was released. It is expected that the better figure will impact gold's safe-haven position and eventually fall to 1700, which is the previous level of good and weak competition. Gold is still promising in the medium and long term, but investors' optimism at this stage will not be conducive to the trend of gold price. It is expected that the market will still be volatile this week. However, the market did not respond to the above remarks, with the US dollar index unchanged at 99.83. A White House spokesman revealed that President Trump and Saudi King Salman had a conference call and both sides agreed on the importance of maintaining stability in the global energy market. Earlier, it was said that Saudi Arabia would raise the price of crude oil exports.  Saudi Arabia is the most influential member of the Organization of Petroleum Exporting Countries. It often keeps its share by price advantage. Taking the initiative to raise oil prices means being willing to cut production more cooperatively. Following the US President's hint last Thursday that he agreed to fully lift the ban to stimulate the economy, British Prime Minister Johnson also announced the gradual lifting of the ban on Friday. International oil prices rose 5% to close at US$ 30.97 a barrel on Friday as supply fell and demand for crude oil was stimulated by the unsealing of economies around the world. Oil prices in new york also rose 5% to US$ 24.74 a barrel, a 25% weekly increase.  Looking forward to the trend of oil price, there is still a good prospect. 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

2020-05-08

The Hong Kong government, which is in urgent need of the public, can let me apply for a copper mask yesterday when the public is ready to remove the mask! I wonder when the Financial Secretary Chen Maobo will send us $10,000? The Hang Seng Index ended its two consecutive gains. The market worried about Sino-US relations and spread that China would not set a GDP growth target this year, dragging down major markets, which ended down 156 points. Last night, the United States announced that 3.17 million people applied for unemployment for the first time last week, compared with 3 million expected by Johnson.  Not only did the nuclear data not drag down the stock market performance, the Dow Jones Industrial Average closed up 0.9%. Gold, stocks and crude oil all rose sharply in the US opening session yesterday, except the US dollar index while you are alone and helpless and poor, which fell 0.3% to 99.84.  Finally, the price of crude oil was trampled on. The dollar index didn't feel so lonely until it fell 0.7 dollars a barrel to close. Crude oil futures week went on and on yesterday, rising as high as 4% to $27.8 a barrel.  According to Bloomberg TV, Saudi Arabia is said to increase export prices to stabilize prices. However, China's demand for commodities has increased compared with the previous few months, supporting the rise in oil prices. Saudi Arabia is the most influential member of the Organization of Petroleum Exporting Countries (OPEC). It often uses its price advantage to keep its share. Taking the initiative to raise oil prices means it is willing to cut production more cooperatively. However, it is estimated that investors are profiting from worries about the delivery problem. However, last week's US crude oil storage, just announced the day before yesterday, rose by 1.7 hundred barrels. However, oil tankers full of oil are still moored at the world famous sea surface and have no export destination.  Investors are still haunted by the haze of negative oil prices. Gold soared in U.S. trading hours, reaching 1723 after rising above 1703 resistance.  In an environment where country continue to increase their central bank balance sheets and low inter rates, Holding gold for value preservation is still a golden opportunity at this stage. 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

2020-05-07

The market continues to look forward to a restart of the economy. The Dow Jones Industrial Average finished yesterday and Hong Kong stocks continued to rise yesterday.  The Hang Seng Index opened lower than 1 point and then rose up, up 366 points to 24,235 points and finally closed at 24,137. U.S. announced private market jobs last night. The monthly data released by the American Institute for Automatic Data Processing (ADP) on Wednesday showed that private sector employment in the United States fell by 20,236,000 in April. This figure was slightly lower than the market expected reduction of 20,050,000.  The shocking figures did not hit the stock market, with S&P rising 0.9% at the time of the announcement. The market may have let the relief measures digest the bad news, and S&P closed down 0.7%. On the other hand, President Trump was asked during his tour of the mask production plant whether he would restart the economy in full swing even if the epidemic brought about a high number of deaths. He would also disband the anti-epidemic expert consultants and did not give a positive answer. He pointed out that unsealing may increase the number of infections or deaths, but we cannot wait two or three years.  This means that the United States has already had a better impact on the economy than on the city's health. The relaxation or even lifting of all epidemic prevention measures in all states of the United States is expected to come soon. With the restart of the global economy, the general optimism in the market has put pressure on the gold price.  But trump's loose password dollar index rose, with the dollar index rising 2% to 100.23, dragging down gold prices. Gold fell through 1700 to a low of 1680.  However, gold is the beneficiary of central banks' widespread currency issuance to save the economy. It is also a tool to hedge inflation and currency devaluation. As long as the 1685 support is maintained, the central line is also promising. Oil prices have also reacted negatively to market news. As the United States infected by the new virus has also issued a signal to restart its economy, the demand for crude oil should be increased. However, investors' profits pushed oil prices down. Oil prices once fell below US$ 25 a barrel. However, oil prices did not seize the moment and will eventually reflect their actual value in their prices. 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

2020-05-06

Yesterday, there was no definite diagnosis. The Hong Kong government announced the extension of the restriction order, but it was relaxed from 4 to 8.  The Education Bureau has also announced that classes will resume in an orderly manner in late June. The Census and Statistics Department announced that the provisional estimate of the value of total retail sales in March this year was $23 billion, down 42% year on year.  The Hong Kong Retail Management Association expects retail sales in Hong Kong to decline by 30% to 50% in the first half of the year. It points out that the local economy and unemployment situation are not good enough, and that the retail market will not improve greatly due to the dependence on the local market for business. Yesterday, the Hang Seng Index rebounded 254 percent, thanks to the relaxation of social restrictions. Catering stocks did a good job on the news.  Export stocks are still performing well, which is the hope that after the new crown virus, the national trade will resume one after another. Shenzhen and Shanghai markets are closed for the May Day holiday. The U.S. stock market increased for two consecutive days, with the Dow Jones index rising 209 points to close at a near full-day low of 133, reflecting investors' wariness of the two major potential risks in the market. Tensions between China and the United States are a time bomb, increasing market instability.  However, hit by the new coronavirus, corporate profits will be affected. Reuters reported that United Airlines plans to cut 30% of its management positions in October. Large enterprises have to cut meat to save themselves. The prospect of profit is not optimistic. The market has also heard that more enterprises are asking for government subsidies. U.S. Treasury Secretary Nuchin said that he will not provide assistance to U.S. oil companies because the current sharp drop in oil prices is a typical supply and demand problem and believes that oil prices will rebound. As a matter of fact, the oil price has reached its longest rise in nine months, with 6 consecutive rises. The lifting of the seal in major economies has boosted market sentiment, while oil-producing countries have also implemented their production reduction agreements, easing supply pressure. It is estimated that the oil price rise will continue and the oil price will return to US$ 30 a barrel in the short term. With the restart of some global economies, the general optimism in the market has put pressure on gold prices.  Gold often benefits from extensive stimulus measures by central banks because it is widely regarded as a hedge against inflation and currency devaluation. At this stage, it is still striving for between 1,700 US dollars.  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

2020-05-05

Yesterday, the Hang Seng Index fell 1,000, the biggest one-day drop in Hong Kong's stock market in six weeks.  After the market closed, Financial Secretary Chen Maobo announced that Hong Kong's GDP fell 8.9% year on year this year. This is far more than the 1.5% decline previously predicted by the government, the worst since records began.   Investors are preparing for the negative factors brought about by the escalation of Sino-US tensions and Hong Kong's economic growth data in the first quarter. The stock market is not optimistic.   Asian stock markets generally fell while China's upper and lower markets did well, reflecting that economic activity and performance were still affected by the virus.   The Federal Reserve Bank of new york announced on its website on Monday that it plans to start buying qualified corporate bonds and ETF through the secondary market in early May.  Bloomberg estimates it could buy as much as $750 billion.   This is one of the more than 2 trillion U.S. dollar economic stimulus plans approved by the Federal Reserve Congress. In order to contain the spread of the virus, many enterprises in the United States have closed down. Over 30 million people have applied for unemployment relief in the past six weeks. Pessimistic estimates show that the unemployment rate in the United States will reach 20%.   However, orders for durable goods and factory orders both fell 16% and 10.3% respectively from March. This shows that despite the impact of the epidemic, the economic recovery is still a long way off, regardless of the gloomy outlook of service providers or consumers.   Nevertheless, the US stock market was led by technology stocks, with Nasdaq up 1.23%.  The US dollar also became the target, with the US dollar index rising to 99.5.   Gold rose slightly yesterday, closing at 1,700, with the highest at 1,715 and the lowest at 1,685.  It is worth noting that every time a sell order is pushed to around 1695, there is support for the purchase order, and 1700 becomes a watershed in the struggle between good and bad. In other countries, unlimited QE will cause inflation and interest rates will remain low. Gold price has been supported in the medium and long term.  Coupled with the tense relationship between China and the United States, capital flows into the gold market to avoid risks have also become the reasons for good gold prices.   Bloomberg reported that OPEC Middle East countries excluding Iran's crude oil exports surged to their highest level since at least January 2017 in April.  This is because OPEC and its allies failed to reach an agreement in early March to deepen production cuts. The consequences of the major oil-producing countries abandoning restrictions and increasing their output.   Bloomberg's analysis of oil tankers carrying nearly 43 million barrels of oil from OPEC Middle East countries has yet to show their final destination. Estimates of the flow to various countries may be revised. India was the most recent major market for Middle East oil. However, imports declined slightly in April, but the observed exports of OPEC countries in the Persian Gulf (except Iran) to China surged to an unprecedented level of 4.76 million barrels per day in April. Exports to China from Saudi Arabia and Iraq both soared to their highest levels since Bloomberg began tracking traffic in detail in early 2017.   China was the first country to adopt an epidemic prevention blockade against the new coronavirus epidemic and was also the first country to lift the blockade.  The recovery in economic activity coupled with cheap crude oil has stimulated Chinese people to buy, not excluding that a larger share will be shipped to China.   Crude oil futures rose to US$ 21.17, up 3.8%. As more countries gradually lifted restrictions on new viruses, oil prices gradually showed their value. However, the guidelines of the Futures Exchange for a long period of time have also reduced investment risks and I believe negative oil prices will not recur.   The major oil-producing countries have already started to implement the cut-off agreement in May. Under the balance of supply and demand, it is inevitable that the oil price will return to a reasonable level. Goldman Sachs, the big bank, will raise the WTI crude oil price next year. From $48.50 a barrel to $51.38 a barrel.   In short, there is at least room for oil prices to rise by US$ 25-30 in the coming year, equivalent to a rise in gold prices of 250-300.  But the difference is that oil is a necessity and has its practical value. Gold acts as a safe haven in times of turmoil. After political and economic stability, the introduction of negative/zero interest rates by various countries will inevitably become a rising trend of gold in the future.   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      

2020-05-04

The epidemic situation in Hong Kong is gradually easing, with zero confirmed cases recorded for several days in a row. The public hopes to realize that the day of normal social life as soon as possible is not far away, but the economic recovery may take longer.   Chen Maobo, Hong Kong's Financial Secretary, said Hong Kong's GDP forecast for this year may be further lowered.  Previously, the government predicted that Hong Kong's GDP would shrink by 1.5% this year. The World Monetary Fund expects global GDP to shrink by 3% this year, while Hong Kong is the worst performing region among the four little dragons in Asia.   U.S. released its first GDP on Wednesday, registering a -4.8% growth under the influence of new drugs, the worst since the financial tsunami brought about by the U.S. sub-crisis in 2008.   On the same day, the Federal Reserve also released the latest monetary policy, aware of the worsening economic situation, and the interest rate will remain low at 0-0.25% for a long time. Federal Reserve Chairman Powell stressed that he would maintain the current level until the economy can pass the test of the disease and support the goal of maximizing employment and stabilizing prices, while continuing to buy unlimited quantities of needed government bonds and homes. Commercial mortgage-backed securities, etc., support the operation of the market. U.S. crude oil rose 5% on Friday and the settlement price of U.S. crude oil futures rose to 20 U.S. dollars for the first time in the past four weeks as oil prices recorded a rise in Zhou Du as OPEC and its allies began record production cuts in May. And investors hope that the problem of the sharp drop in demand caused by the new crown virus crisis will be solved, which is also the reason for the rise in oil prices. The gold market fell 29 US dollars last week, reaching a low of 1,670 US dollars. The main reason was that countries showed signs of easing various blocking measures triggered by the new coronavirus.  The epidemic situation is as serious as that in the United States, with more states following Georgia's lead. Gradually relax social restrictions to a limited extent.  Investors' appetite for risk increased, making gold, as a safe haven, the target of selling, with stocks rising and gold prices falling on Thursday. However, US President Trump suddenly announced on Friday that he would levy a trillion US dollars in tariffs on China to punish China for concealing the virus epidemic.  This remark once again disrupted the economic situation, and investors chose to return to the safe haven area, eventually closing at 1,698 US dollars. The value of gold is the beneficiary of low interest rates and monetary easing policies, and it is still worth looking forward to in the medium and long term.  It is expected that the gold price will move between 1696 and 1712 under a good light seesaw when the market opens this week. 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

2020-04-30

The market hopes that the economy will rebound soon, the US dollar and gold prices will continue to suffer setbacks, and gold prices will once again fall below the 1700 mark. However, the Federal Reserve will keep its interest rate unchanged at night and continue to release doves. The price of gold rebounded to its highest level in the day.  In the early days, gold prices and U.S. foreign exchange continued to decline, mainly because the market's risk appetite rose and the stock and other asset markets gradually got rid of worries about the haze of pneumonia. Hedge sentiment cooled, lowering buying in the US dollar and gold markets.  When entering the US market, US economic growth was far below expectations, with US GDP growing 2.1% in the first quarter from the fourth quarter of last year. It slowed sharply to a contraction of 4.8%, the worst performance in nearly 12 years.  However, the market had already digested and the gold price had bounced up for a while. It was only until 1712 that it softened again and fell to 1700 that it began to struggle. Moving through the night, the Federal Reserve announced that it would keep its interest rate unchanged. It also saw the high interest rate announcement that it would adopt all monetary policy tools to support the US economy and promised to continue large-scale overnight and regular repo operations. Boosting the market atmosphere, U.S. stocks eventually rose to their highest level since last month and gold prices also rose to a new high of 1,717 U.S. dollars.   Technically, the gold price did not take off the consolidation trend this week. There was not enough buying support above to make an upward breakthrough. The haze of pneumonia gradually subsided, reducing the hedging function of gold. There was still 1700 buying support below in the short term. This level will begin to be consolidated before a breakthrough is made.  If you need to make a bottom, you can wait until the gold price is at the bottom of the consolidation interval before buying, i.e. above-market and below-market operations are the main operations.   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      

2020-04-29

The price of gold returned as scheduled, but the low price also saw a rebound supported by buying. The price of gold stabilized above 1700 in the late market, and the market risk appetite rose, depressing the pace of gold price rise. In addition to Hong Kong's further easing of quarantine checkpoints, the European epidemic has also begun to ease. The market hopes to weather the worst and British Prime Minister Johnson returns to work. All these have given the market positive messages. European stock markets rebounded in an all-round way, investors' risk appetite rose, funds flowed out of the safe-haven market, the US dollar lost the 100 mark in the early period, and gold prices also softened, once losing the 1700 mark. However, the sharp drop in oil prices has once again become a worry in the market. Without government support, oil companies have not yet passed the critical period. As a result, the US dollar index and gold price are also supported by some safe-haven buying at low prices.   Technically, the gold price fell before rebounding yesterday, and the overall situation has not completely shaken off the recent trend of vomiting. However, after the shock eased back, there was also a better buying position, while the medium-term surge did not change its pattern. However, tonight's interest rate meeting of the Federal Reserve may become an excuse for the market to make a breakthrough. Although the interest rate of the Federal Reserve is close to zero, the interest rate will be as low as possible. The market also expects that the interest rate will not change tonight. However, investors will pay attention to this low-interest environment and whether the QE policy will be changed.  The epidemic situation in the United States is more serious than that in European countries. It is believed that the Federal Reserve still tends to release pigeons, which will stimulate gold prices late at night.   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      

2020-04-28

The Bank of Japan continued to rescue the market. After the meeting, it announced that it would further expand its monetary policy and purchase unlimited quantities of Japanese government bonds, which would benefit the atmosphere of the big market. Funds flowed out of the safe-haven market and gold prices fell for two consecutive days. The Bank of Japan announced that the benchmark interest rate would remain unchanged at minus 0.1%, but increased the amount to replace the current target of buying 80 trillion yen of bonds. The Bank also pointed out that if the new crown pneumonia epidemic spreads, Japan's economy will need more stimulus measures and consider providing further support for small businesses. In the Italian market, the US dollar index has dropped from a high level to the 100 level mark in the early period, and has hovered around this mark repeatedly since then.   Gold prices also fell simultaneously, with capital flowing out of the safe-haven market and oil prices plunging again yesterday, dragging down the performance of the overall commodity market.  Technically, the high price of gold has not broken through. Asian markets have the opportunity to further test the support of US$ 1702, even the psychological level of 1,700, which must be maintained before gold prices can stabilize again.  But if this level falls again, The downward channel will be extended and the target is expected to reach 1680 US dollars.   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    

2020-04-27

We all witnessed an economic event on April 21, 2020!  U.S. Crude Oil May Futures Price Plugged to minus 37 U.S. Dollars Closing, The emergence of negative oil prices has become a hot topic in the entire investment community and has also overturned the imagination of some people who have no concept of investment.   Negative oil price is an abnormal phenomenon with various causes.  Including the failure of crude oil producing countries to reach a cut-off agreement, resulting in overcapacity and the spread of new viruses across the world. Economic activity is approaching a standstill, resulting in a sharp drop in demand, and crude oil storage is nearly saturated, resulting in high delivery and storage costs. Forcing holders of long positions in May to close or change positions at lower prices before the deadline.  However, this does not mean that crude oil is worthless. The June oil price futures can still remain at about 17 US dollars. However, it is still unknown whether the black swan with negative oil price will reappear. Crude oil investors should be cautious and rational before the outbreak of the new pneumonia epidemic and manage risks well.   One stone hit a thousand waves, and the investment market was immediately controlled by panic. Stock markets and commodity prices all over the world followed the fall in oil prices on April 22.   Novel coronavirus is still one of the important factors that dominate the investment market. The global stock market rose on Friday (April 17) due to the availability of medicine. However, last Friday (April 24) the Hong Kong stock market again reported that doubts about the efficacy of drugs contributed to the drop in the market. The Hang Seng Index fell 145 on that day and 670 all week.   The United States is still plagued by new viruses, with more than one-third of confirmed cases worldwide reaching 920,000 cases and more than 52,000 deaths. The latest durable goods orders also fell 14.4% below the market expectation of 11.9%. The Dow Jones Index ended its three-week rally and fell 333% all week. The epidemic control measures have dealt a severe blow to the revenues of the state governments. Georgia has ignored the opinions of the president and his health experts and allowed a series of small businesses, including the personal service industry, to reopen. It is estimated that more states will join the resumption of the market in the future.  However, enterprises are short of funds, the resumption of work is slow, the unemployment rate is high, and the national economy needs a longer time to recover. Quantitative easing is still the most direct relief measure.  The latest news is that Japan is also preparing to join the battlefield of unlimited quantitative easing.   Gold prices fluctuated last week, mainly under the shadow of negative oil prices. Investors also became targets of selling under panic. On April 21, Hong Kong trading session dropped to 1660. However, gold was immediately recognized as the best refuge for investment, and began to rise in European and American trading hours, with another wave of gains reaching 1740 this week. On Friday, Hong Kong closed at 1,730. Although it fell to 1,710 in the U.S. opening session and then recovered to 1,730 left stones, members of the concerned group should have held about 1,670 stocks and closed their positions at about 1,740 to secure profits. Happy weekend!  And another gold search tour will be launched this week.   As far as the trend is concerned, as long as gold stays at 1710 level, it will challenge the high level of 1750 on April 15 first and then 1780. Although it will be achieved overnight, don't forget that the report by Daiichi Bank of America said that gold can rise to 3000 US dollars! Therefore, the medium and long term is still promising. At this stage, the strategy is to lock in profits by selling low and selling high, and to seek opportunities to enter the market and accumulate wealth through every adjustment.   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    

2020-04-24

Investors are worried about the global economic recession. The international gold price has risen for two consecutive days. The gold price has reached a two-week high. If calculated by the closing price, it will reach a seven-year high and buying will continue to emerge. The next wave will be developed.  After a sudden drop at the beginning of the week, the spot oil and oil finally started a stronger rebound. The spot oil doubled to a high of US$ 19. The market recovered from the panic over oil prices.  However, since the outbreak began, U.S. stocks and prime oil have gone through a series of positions washing. The market demand for safe haven is very hot. It supported the recent rise in the US dollar and gold. After a successful bottom-up in the middle of the week, the gold price surged to US$ 1739 again yesterday. It was held back by last week's double-top resistance, but the rise was not reversed.   The World Bank also issued a report saying that gold prices are expected to rise 15% in 2020, which means there is a good chance of hitting the US$ 2,000 mark again.  The World Bank said that in the long run, The epidemic may have a lasting impact on the demand and supply of commodities, affecting commodity exporters and importers.  Falling demand will lead to a 13% drop in metal prices. However, gold is expected to benefit from hedging and hedging needs and become a target for hot money inflows, up 15% this year.  Technically, although gold price was subject to double-top resistance before 1740 yesterday, However, the low rebound is strong and the upward trajectory is healthy. If you vomit back to US$ 1715.50, you can absorb it again. As long as you can stabilize the two-day upward trend before the close of the market tonight, The consolidation is expected to be completed and will see a more drastic increase next week.   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    

2020-04-23

Recently, affected by the sharp drop in oil prices, the market was worried about the financial difficulties of oil companies, and the atmosphere in the big market turned pale. Although US stocks rebounded last night and ended two consecutive falls, However, the demand for safe haven is still keen, with the US dollar and gold firmly supported.  The gold price has made a successful bottom, reaching above 1700 US dollars, and the future market will continue to rise.   The epidemic situation in Europe and the United States seems to have eased recently. Three American states have also announced measures to prevent epidemic and restart the economy. U.S. stocks can rebound. However, the outlook is not necessarily optimistic.  The Spartan Securities Chief Economist even threatened that the US recession and recession were more severe than expected. Now it may be just the beginning of a series of crises. Consumers have lost their willingness to spend in the past, so the rebound in U.S. stocks may peak in the short term.  U.S. dollars and gold have become safe havens for funds. Although the Federal Reserve and the Global Central Bank can keep printing silver paper to support the market, However, gold cannot be "printed". Gold prices will benefit from this unlimited QE.   Technically, the gold price has broken through the consolidation accumulation area and re-passed the 1700 mark. Later on, the market will further test the 1740 mark high last week. The strategy is still carried out in a three-step and one-step way. After breaking through 1750 psychological barrier, it is expected to hit 1800 level in the short term.   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    

2020-04-22

  After Monday's sharp drop in oil prices, the June oil and spot oil also tumbled after yesterday's shift. Spot oil lost US$ 10 once again, triggering market panic. U.S. Dollar Becomes a Refuge of Funds, Supporting U.S. Foreign Exchange Weighted Index Staying Above 100.  Gold prices moved repeatedly yesterday, dragged down by oil price panic. Gold prices also eased back to the psychological level of 1660 for a while. If they were expected to do so earlier, they would have eased back to a lower level of 1660 with substantial support and a sharp rebound. It can be seen that this level is worth absorbing in the medium and long term, but the rebound is restricted by the 1700 mark.  Due to the rising risk factors, the market chose US dollar as a safe haven currency. The rise of gold price is limited, and the short-term US dollar will remain stable. Therefore, it is difficult for gold price to rise sharply in real time.  But the Bank of America issued a report, Raising the gold price target from US$ 2,000 to US$ 3,000 per ounce shows that the market is still happy with the upturn in the future.  Gold price is the market will be consolidated first, investors can bargain for it.   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    

2020-04-21

The market's focus must be on the sharp drop in oil prices, which for the first time ever ended negative, at as low as $40 a barrel, shocking the market. Under the outbreak of COVID 19, the industrial contraction also brought an unprecedented impact on energy enterprises. The demand dropped, but the excess capacity led to the "bursting" of crude oil inventories. Petition "upside down" for the removal of crude oil, negative value that is to subsidize the cost of freight and so on for sale. Another reason for the plunge is that monthly oil contracts need to be rolled over. After they expire, oil contracts need to be settled at the closing price. June oil should be hovering around $20, but may oil has fallen sharply on the back of mandatory rollover, while spot and June oil have not kept pace. At one point, U.S. stocks fell on worries, and money supported gold's return to $1,702, but the upside failed to stabilize. If there is an opportunity to go back to the low, can consider the following bargain hunting. For detailed analysis and Suggestions, please CLICK the link below to enter the group and contact the administrator https://chat.whatsapp.com/Ippy9Pn5hjyEV7gtgCbVo0