Daily

Proceed with caution

2021-06-16

June 16 th
 
 
Today's volatility range:
 
Last night, the United States released retail sales data and producer price index. The two sets of data were positive and negative, which did not cause a big impact on the gold market. On the contrary, investors became cautious about the Fed's interest rate decision tonight.

The decline of gold price ended. It has been analyzed earlier that the Federal Reserve will not raise interest rates in the middle of next year. It is expected that there will be more trends in the bitmap showing officials' views on reducing the purchase of government bonds. Inflation is still not targeted,

Scholars and experts expect that the interest rate will remain unchanged tonight, and the market may be more sensitive to the wording of Federal Reserve Chairman Powell. However, the gold market is getting worse, and the price of gold has fallen many times and has been digested since May

Accumulated upward force, and showed a change in the trend, forming a top-bottom inversion at the 1870 position, or testing the support of $1844. Today, the proposed amplitude is 1844-1866.
 

The Hong Kong Centre for Health Protection announced that there were two new imported cases in Hong Kong yesterday, both of which were foreign domestic helpers arriving from Indonesia. Experts have recently reminded the Hong Kong Government that Indonesia should be listed as a very high-risk area and it is forbidden to stay

It took more than two hours for local people to board the plane to come to Hong Kong. The Hong Kong government admitted yesterday that the local epidemic continued to be unstable, but it tightened Indonesia as a very high-risk area. From Monday to next week, people arriving from Indonesia need to accept 21+7

Isolation measures. As for the 17-year-old girl infected with variant Covid-19 in Tin Shui Wai recently, Professor Yuan Guoyong, an expert consultant of the government, pointed out that there is no community infection or outbreak in Hong Kong for the time being, which is "good luck".

Social distance and input prevention measures should be examined. Nowadays, people who govern Hong Kong do not have the concept of governing the country like cooking a little fresh food. They measure their intentions everywhere and reach out to manage everything. Earlier, the Education Bureau had a curriculum content for general education

Pointing and pointing, following the revision of the electricity inspection regulations, he restricted every minute of what color clothes he wore to the public, but treated the virus that burned to his body loosely. The result was not proved by strength, but only by providence!

Is there a doctor in Hong Kong?


 
Hong Kong stocks kept falling, falling for six consecutive trading days, and the Hang Seng Index fell 0.71% again yesterday. US President Biden left for the EU headquarters in Brussels, Belgium, and prepared to attend the EU summit. The participants also included the EU

Ursula von der Leyen, Chairman of the Committee, and Michel, President of the Council of Europe. The outside world believes that Biden's trip will emphasize the relationship between the two sides as a firm ally, in order to repair the Trump administration period and "the United States is great again."

As a slogan, a big trade war was waged against the world, causing enemies everywhere, including the tense relations within the EU. In addition, I believe that they will also discuss cooperation on geopolitical and economic and trade issues and discuss ways to deal with China's utilization

The rise of unequal advantages. Before the start of the meeting between European and American giants, they were friendly and sent an olive branch; The two sides issued a joint statement on the air subsidy dispute between the European Union and Boeing and Airbus of the United States.

Means that both parties will suspend retaliatory tariffs on each other for a period of five years. The estimated total amount involved is $11.05 billion. Both sides hope to find a solution to the dispute through negotiations in the next five years.

Biden sent an e-mail after reaching an agreement, saying, "Based on this model, we can deal with other challenges brought by China's economic model. 」


 
The three major European stock markets closed higher, with the British stock market rising for four consecutive days. The market waits and sees the interest rate decision of the Federal Reserve Board, limiting the market's increase. The German DAX index rose by 0.36%; The CAC index in Paris, France rose by 0.35%;

The FTSE 100 Index rose 0.36%. The U.S. Federal Reserve will announce the results of interest rate decision in the morning of June 17. Investors have become cautious, with U.S. stocks opening higher and closing lower, Dow Jones index falling 0.27% and Standard & Poor's 500 index falling 0.71%.

Nasdaq index fell 0.16%. The market is worried that runaway inflation in the United States will lead the Federal Reserve to raise interest rates earlier. Last night's retail data showed that the core price rose slightly compared with last month, but it still did not reach the expected positive growth.

While the producer price index continued to rise, because the shortage of supply affected the price of plateau materials and the increase of import price. Two sets of figures are positive and negative, the market reaction is dull, and the US dollar index fluctuates at 90.5 level.

The gold market fell again yesterday. Last night's retail data and producer price index did not have any impact on the market after the data were released. The gold price reached a high of 1869 US dollars yesterday, but investors became cautious about the Fed's interest rate decision tonight.

The price of gold fell to a minimum of $1,852, and finally closed at $1,859, down $7.

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



Previous Article Next Article