Daily

Fly high

2023-01-25

January 25th
Today's amplitude range
The US purchasing managers' index exceeded the market expectations, and the market's expectations for the continued interest rate increase of the Federal Reserve Board increased. The US dollar fluctuated rapidly, and the gold price fluctuated upward. The gold price has gained good support at US $1900, and is now consolidating at US $1930, with the target of 2000. Today, the recommended range is $1928 to $1945.
Hong Kong shares are closed for the Lunar New Year holiday.
Inflation in the euro area has grown moderately, and the European Central Bank's interest rate increase has gradually been implemented. The purchasing managers' index of manufacturing and service industries released by the European Central Bank and the Bank of England slightly exceeded expectations, indicating that the inflation threat still exists. The data helped the European Central Bank members raise interest rates by 50 points. The market was full of instability. The three major European stock markets developed independently, and the German DAX index fell 0.05%; The CAC index in Paris, France, rose 0.26%, while the FTSE 100 index in Britain fell 0.33%.
The market is digesting the expectation that the Federal Reserve will raise interest rates by 50 points next week. The newly released purchasing managers' index is still growing modestly. The market is tense. The Dow Jones index, reflecting the traditional economy, fell first and then rose, ending up 0.31%, rising for three days in a row. Google's share price fell after being sued by the United States Department of Justice for abusing its dominant position in advertising business, which caused the Standard&Poor's 500 Index to drop 0.07%, and the Nasdaq Composite Index to drop 0.27%.
The gold market continued its early rise and hit a new high of this year, with a maximum of US $1942.6. The newly released purchasing managers' index of manufacturing and service industries in the United States exceeded market expectations, and the market's expectation of the continued interest rate increase of the Federal Reserve Board increased. The dollar fluctuated rapidly. The dollar index rose to 102.4, and the gold price fell below 1920 dollars, with a minimum of 1917.2 dollars. However, the dollar later softened, fell below 102, and the gold price rebounded, and finally closed at 1937.3 dollars, up 6 dollars.
For detailed analysis and operation suggestions, CLICK is welcome to join the group at the following links and check with the administrator
https://t.me/mingtak [Service content]



Previous Article Next Article