Daily

May 25 th
 
Today's volatility range:

In the eighth consecutive trading day, the cryptocurrency market continued to fluctuate greatly and the US dollar continued to be weak, which benefited the gold market. However, the easing of the epidemic and the ceasefire agreement in the Middle East limited the performance of gold prices.

This week, we can refer to the US housing sales, the core consumer price index and the US gross national product in the first quarter to assess the direction of the US dollar. The price of gold is at a high level, and the volatility begins to narrow to be changed.

Yesterday, I finally kept the market rising, which is already accounted for. Today, the proposed amplitude is 1872-1884.
 

The situation in the Middle East is slowing down. After two weeks of fighting between Israel and Palestine, a cease-fire agreement was finally reached under the mediation of the United States. Both sides abide by the agreement and no longer attack each other with artillery fire, but there are still sporadic conflicts on the border.

US Assistant Secretary of State blinken left for Israel yesterday. The first task of blinken's trip is of course to ensure that the ceasefire agreement between Israel and Palestine is maintained. Besides, according to the White House statement,

Blinken's visit also hopes to rebuild the relationship between the United States and Palestine by providing assistance to the people of Gaza. India's COVID-19 epidemic continues, with more than 200,000 newly infected people every day.

The cumulative number of infection cases is about 27 million, accounting for the second largest number of patients in the world, second only to the United States; However, after the outbreak of the new variant virus in India in February this year, Mumbai, which reflects the performance of the local stock market, is sensitive

After a 10% downward adjustment, the 30 Index has stopped at the end of April and started to rebound. The Indian government also expects that the peak period has passed. With the support of other countries, it will at least not set a record of more than 800,000 people infected in a single day!

 
The new crown epidemic in many European countries has gradually eased, and the European economy has recovered. The European stock market has been built well, and the CAC index in Paris, France has risen by 0.35%; Britain's FTSE 100 Index rose 0.48%, while Germany's stock market was closed for holidays.

Wall Street stock market also went up, and cruise stocks reflecting economic recovery performed strongly. In addition, technology stocks continued to rebound, leading the overall stock market atmosphere. The three major indexes in new york reported overall gains, and the Dow Jones index rose by 0.54%.

The Standard & Poor's 500 Index rose 1.01%, and the Nasdaq Index rose 1.41%. The cryptocurrency market continues to fluctuate greatly. Since China announced the ban on cryptocurrency last week, Bitcoin has fluctuated by more than 10% every day.

Tesla founder Musk made great efforts again yesterday, saying that he negotiated with Bitcoin miners in North America to promote renewable energy and cryptocurrency Big bounce. Bitcoin had approached the 40,000 mark and closed up 11% yesterday.

Although the Fed showed the minutes of the Fed meeting in April last week, many officials mentioned that if the economy continues to grow rapidly, it will cause the general account to heat up, and they will discuss the reduction of debt purchase scale at "some time"; however

The attitude of Fed officials failed to reverse the weakness of the US dollar, at least the invisible hand of the market just shows this point. The US dollar index continued to fall yesterday, closing at 89.84 points.

The cryptocurrency market continued to fluctuate greatly and the US dollar continued to be weak. The gold price rose to the highest level of US$ 1,887 yesterday. However, the easing of the epidemic and the ceasefire agreement in the Middle East limited the performance of the gold price, with the lowest price of US$ 1,875.

Finally, it closed at $1,882, rising by $1, maintaining its upward trend for the eighth consecutive day.

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