Daily

turning point

2020-11-20

The dollar continued to slump, closing at 92.26 points. Yesterday, the price of gold still fluctuated in the range, with the highest price of $1,874 per ounce and the lowest price of $1,853. However, it rebounded rapidly after hitting the bottom, and it became a low-sucking opportunity near $1,850.

It finally closed at $1,866 per ounce, down $6. It is expected that the price of gold will only fluctuate between 1850 and 1900 before the official name of the US president. The virtual currency "bitcoin" has continuously risen above 14,000, 15,000 and 16,000 in less than three weeks.

Just broke the 17,000 mark on Monday, and broke the 18,000 mark several times yesterday. Yesterday, the highest price was $18,190 per piece, but unfortunately it still failed to stabilize. The lowest price was $17,346 per piece, and finally it closed at nearly $17,800 per piece.

I believe Bitcoin will still hover around 18,000 in the short term.


Former new york Mayor Giuliani, a personal lawyer of US President Trump, said that the campaign team decided to withdraw the lawsuit against Michigan's controversial voting results. But he stressed that the votes of every legitimate voter should be counted.

Instead of counting illegal votes, he said that after investigation, they found that there were repeated and unified violations in several states. It seems that Trump will change his strategy and join the investigation of election fraud to prolong the election war.

In addition, the Wisconsin Election Commission announced that it would recount the votes of two local districts that are closer to the voting results, and finish it before December 1. Although Biden, the Democratic Party of the United States, claimed to win the election,

However, the General Administration of the United States has not yet signed a document recognizing the new president-elect. The uncertain factors in the US election results will always cause political troubles and affect the efficiency of administration.


The novel coronavirus epidemic in the United States continued to deteriorate, and more than 180,000 cases of infection occurred yesterday. The US Centers for Disease Control and Prevention strongly advised people not to travel during the Thanksgiving holiday next week.

It is also suggested that people avoid gathering with people who do not live together. It is expected that the virus pandemic will still pose livelihood and economic problems before the vaccine is launched in the market. However, it is said that US House Speaker Pelosi and Senate Majority Leader McConnell will return to the negotiating table.

And reached a consensus on the scale of the stimulus plan, the new round of aid program of the US government is expected to pass. The news stimulated the new york stock market to rise, and the Dow Jones index rose by 0.2%; The Standard & Poor's 500 Index rose 0.4%; The Nasdaq index rose 0.9%.

Last night, the data released by the United States were mixed. Last week, 742,000 people applied for unemployment benefits for the first time in the United States was worse than expected, while the manufacturing index of Philadelphia Federation last month was 26.3 better than expected. The U.S. economy is facing an inflection point,

Investors should pay close attention to the news of the Federal Reserve Board meeting in December.

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