Daily

12 March

Today's volatility range:

The price of gold rose first and then fell yesterday, and the yield of US ten-year treasury bonds rose again. In addition, the strengthening of the US dollar hit the upward trend of gold prices. However, after the opening of gold yesterday, the price of gold continued to rise.

And try to rush to 1740 US dollars per ounce, which may exert strength after the market outlook. At present, gold may still fluctuate in the range, trying to break through yesterday's resistance. It is expected that today's proposed volatility will be between $1,720 and $1,740.

Yesterday, one more person in Hong Kong died after being suspected of being vaccinated with Kexing vaccine, which is the fourth case since the vaccination program started. A series of vaccine accidents caused panic in the whole city.

It caused a large number of people who had made an appointment for injections to "drop the bottom" and caused a chain reaction, involving the imported Fubitai vaccine, which was launched on the 10 th of this month.

According to media reports, 10% of the citizens "let off the plane", and the Department of Health hastily reissued the injection guidelines. In fact, it is not only Hong Kong that has been hit by the Kexing epidemic, but the cumulative number of people vaccinated with Kexing vaccine worldwide is about 44 million.

Only 56 of them died, accounting for 0.00013%; In Hong Kong, about 120,000 people were vaccinated with Kexing vaccine, and 4 of them died, with a mortality rate of 0.003%, 230 times higher than the global figure.

However, it is possible that Hong Kong people are physically weak, and the Chief Executive deliberately requested to go to Beijing without happiness. The motherland is also concerned about Hong Kong, and the vaccines were hurriedly delivered before the third clinical report of Kexing Vaccine was completed.

Hong Kong stocks rose continuously for the third day yesterday, leading the Hang Seng Index to rise by 1.6% with the success of technology stocks. The European Central Bank announced the results of interest rate decision yesterday, and all interest rates remained unchanged.

Meet market expectations. European Central Bank President Lagarde made a speech on the prospect of monetary policy after the interest rate was announced, saying that inflation is likely to reach 2% by the end of this year.

It has also been noted that the yield curve of national debt has risen, but the ECB will not control the yield curve for the time being and will keep the policy previously decided by the ECB unchanged. But she reiterated her appeal,

Although the epidemic situation in Europe is showing signs of easing, EU countries should not stop the epidemic assistance too early to stimulate the economy. The three major indexes of European stock markets went up, the German stock market reached a new high, and the German DAX index rose by 0.26%;

French CAC index rose by 0.72%, while British FTSE 100 index rose by 0.20%. US President Biden signed and implemented the $1.9 trillion COVID-19 epidemic relief plan early last night, one day earlier than originally planned.

Coupled with the ideal employment data, the number of people claiming unemployment benefits for the first time in the United States last week was 712,000, which was better than the market expectation. Two news stimulated investor sentiment, and the three major indexes of new york stock market rose.

The Dow and the Standard Index broke the top, and the Dow Jones index rose 1.46%; Standard & Poor's Index rose by 0.61%; However, technology stocks were soft, and Nasdaq index fell 0.04%. Gold prices rose first and then fell yesterday.

After the gold market opened yesterday, the price of gold continued to rise, but it failed to hit $1,740 per ounce and began to soften. The US employment data was ideal, which stimulated the dollar to rise.

The yield of the ten-year treasury bonds in the United States also rose to 1.54%, forcing the gold price to fall further. Yesterday, it closed at $1,722 per ounce, down $5.

For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator
https://t.me/mingtakchat