Daily

Dollar strengthening

2022-07-12

July 12th

Today's amplitude range

Another US Federal Reserve official predicted that the US economy would not be hard hit by the interest rate hike, and supported another interest rate hike of 0.75% in July, although the European Central Bank would also start.

In the early interest rate hike cycle, the US dollar still dominates the interest rate spread. In the volatile market conditions, the US dollar has become the best hedging tool, and the US dollar index has risen above 108 points, approaching a 20-year high.

According to the record, it is expected that the US dollar will still hover at a high level, and the downward pressure on the gold price is still there. This week's focus is on the inflation trend in the United States. Today's suggested volatility is $1,722 to $1,740.

Dollars.


The number of people infected with the virus in Macao continues to rise. The Macao government, which aims at zero clearance, announced on Sunday that it would immediately launch the 7th round of national nucleic acid testing, and on Monday, it would suspend all non-.

Necessary industrial and commercial activities for 7 days, including casinos. Although the Macao government stressed that it was not a city closure, it banned citizens from staying at home unless necessary, and the whole Macao stopped.

Industrial and commercial activities, only a few commercial activities such as subsistence and transportation, are essentially the same as closing the city! On the other hand, Hong Kong's epidemic prevention policy is gradually approaching the mainland, with new doctors.

The Secretary for Health, Lu Chongmao, revealed to the media that he was studying to "travel with peace of mind" in real-name registration system, and adding "red, yellow and green codes" as in the Mainland to restrict the travel of confirmed patients.

And the whereabouts of relevant quarantine personnel.

Although the Secretary explained that health code collection is only for the convenience of law enforcement, it is not to track down individuals. However, the public is still worried that the information will be misused, and it will become like the mainland to control people's exit.

With a new tool, Hong Kong people may become unable to move for different reasons. The reason for the epidemic, gambling stocks and mainland catering stocks, plus the mainland government issuing fines to online enterprises,

The performance of the three sectors was worse than the overall market, falling by 5% to 8%! Yesterday, Hong Kong stocks opened lower by 255 points, with the worst drop of 724 points. The Hang Seng Index went down after seeing a low of 21,001 points, but it still fell at the close.

Fell 601 points or 2.77% to close at 21,124 points.

Due to the situation in Russia and Ukraine, Europe is facing the crisis of recession, but inflation continues to deteriorate, which seems to be gradually stagflation. The European Central Bank is also faced with the dilemma of raising interest rates.

Situation, although the intention of raising interest rates early is obvious, it is most likely to raise interest rates by testing the water temperature. The market expects the first rate increase to be only 0.25%. Although the rate hike is relative to

The United States is still moderate, but its policy is also tightened. The three major European stock markets parted ways, and the German DAX index fell by 1.4%. Paris CAC index fell by 0.61%; Be forced

Although the British Prime Minister Johnson resigned, he promised to be the caretaker prime minister until a new prime minister was elected, which temporarily stabilized the political situation in Britain, and the FTSE 100 index in Britain.

Close to flat, up 0.01%.

Bostic said that he is confident that the economy can bear higher interest rates, and the goal is to raise the neutral interest rate. He revealed that the neutral interest rate in his mind is 3%, and he supports

In July, the interest rate increased by 0.75% again. A number of Fed officials voted for a 75-point interest rate increase, and the market also raised the probability of another 0.75% interest rate increase in July to over 90%. There are investments.

Deploying cash as the king strategy, the three major indexes of Wall Street fell across the board, and the Dow Jones index fell by 0.52%; The S&P 500 index fell by 1.17%; The Nasdaq Composite Index fell 2.26.

%。 Last week, the economic data of the United States performed well, especially the growth of non-farm payrolls was much better than expected. Compared with the recession crisis in Europe, the US dollar became the best.

As a hedge tool, the US dollar index rose above 108 points yesterday, approaching a 20-year high, and the gold market was under pressure. After the highest gold price reached $1,744.6, the lowest price reached $1,731.3.

Finally, it closed at $1,734, down $8.3.

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