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Countries continue to rescue the market, but the market conditions are still mixed, like in the crisis period, the trend is repeated, the market panic has not subsided, investors sell all kinds of currencies, bonds and stocks and hoard US dollars.

U.S.-foreign exchange weighted index rises above 100.  Sterling fell to a low of nearly 26 years and Australian dollar hit a 17-year low. The more central banks let go, the looser monetary policies they have, but the more pressure they see on asset markets.

The Federal Reserve's attempt to rescue the market has failed. The US dollar is regarded as a safe haven by the market, and Asian currencies cannot avoid being sold. In addition to implementing monetary policies, Washington has also launched wealth.

Today, the European Central Bank also launched a 750 billion euro debt purchase plan. News once boosted the market. Gold also benefited from the rise to the US$ 1,500 mark, but then it tried again to reach a near two-week low.

Stock markets in the Asia-Pacific region are also generally under pressure, and the worst is yet to come.

Earlier this morning, the European Central Bank announced a 750 billion euro debt purchase plan for the novel coronavirus epidemic, which will cover private and public securities.

After the announcement of the new plan, it once stimulated the recovery of the euro and the weighted decline of US foreign exchange, which also supported the gold price to rise by nearly US$ 20.  The euro rose to 1.0980 but failed to break the 1.10 barrier.

The price of gold also eased back to US$ 1,463.  The European Central Bank said that the purchase plan will be maintained until the end of 2020. The members of the committee are fully prepared.

The scale of the asset purchase plan will be expanded, and the size and timing of the purchase will be adjusted as needed.  Market volatility remains volatile, but as rescue plans continue to emerge,

The market is just waiting for the stock market to calm down, and safe-haven assets are gradually gaining support.

The market is now inclined to buy US dollars as a hedge. U.S. foreign exchange weighted through the recent high and continued to stabilize after rising above the 100 mark, which also suppressed the upward trend of gold price. However, the low buying price of gold price has already begun to be absorbed.

It is believed that the chance of breaking the low again is not high, but the rise of the US dollar will hardly make the gold price rise sharply from now on. Technically, the gold price needs to be consolidated below 1500 and is expected to stabilize step by step.

After the adjustment is completed, the restructuring is on the rise, and the current trend is still relatively volatile, continuing to take 1450 as the bottom and absorbing at bargain prices.