Daily

July 15 th
 
Today's volatility range:

After the gold market fell sharply in mid-June, it was revised and consolidated for nearly a month. After it started to hold steady at $1,800 last week, it finally exploded yesterday and successfully reached a new high this month. Inflation in the United States has risen sharply as the epidemic has slowed down.

And hit a record high in more than ten years. Gold is basically one of the anti-inflation tools, and the central bank's printing of silver paper is conducive to the performance of the gold market. This morning, US Federal Reserve Chairman Powell released a pigeon, saying that it will maintain a loose monetary policy.

The message brought the Wangjin market up. The price of gold fell sharply in the middle of last month, like a free fall, and there may be no resistance when it rises; If the price of gold stabilizes at $1,820, the short-term target will fall in two hours on June 17

The bottom of the first stick is $1835. Today's proposed amplitude is between 1818 and 1832.

 
Earlier, the Hong Kong government announced that it would implement? With regard to rent control measures, government officials said that the major principle of legislation is to ensure that property owners will not leave the market, but also to protect them. Rent households to avoid their displacement. The reality is Hong Kong

There are many small people, and the long-term imbalance between supply and demand makes the housing at an expensive level for a long time, which makes it difficult for many shellless snails to get on the bus. They only have to rent a house for a long time, and there is a trend that the more they live, the more expensive they are, and the more they live, the more remote they are.

According to a survey report, due to the stabilization of the epidemic and the low interest rate environment supporting the property market in Hong Kong, the property market atmosphere is quite hot, and the property price in Hong Kong is approaching the historical high in 2019, indicating that the property price in Hong Kong has risen by 3% in the first half of this year.

It is expected that property prices will continue to rise, and then property prices will have a chance to peak. In the face of rising property prices, the rate of return alone is used to calculate, and the rising tide lifts the boat. It seems that in the future, tenants can only continue to get expensive rents!

Hong Kong stocks opened higher and closed lower. Yesterday, the market opened slightly higher by nearly 2 points, which was already a full-day high. After that, financial stocks led the decline, and finally the Hang Seng Index closed down by 0.63%.

 
In June, inflation in the UK rose above the Bank of England's target of 2%. Yesterday, the UK announced the June consumer price index, which rose by 2.5% year-on-year and 0.5% month-on-month, both of which were also higher than market expectations. According to the Bank of England,

With the economic recovery from the epidemic prevention blockade, the inflation rate is expected to continue to rise, but it is considered that inflation is only temporary and the central bank will not cut stimulus measures. The epidemic hit European stock markets, and the three major indexes of European stock markets fell for the second consecutive day.

The German DAX index and the French Paris CAC index fell less than 1 point; Britain's FTSE 100 index fell 33 points or 0.47%. After the consumer price index recorded a big increase, another inflation data in the United States, the producer price index also accelerated in June

Rising trend, rising and exceeding market expectations. Last night's June production price index rose by 1% month by month and 7.3% year by year, among which the year-on-year increase was the biggest since November 2010. As production costs rise, businessmen will

If new costs are passed on to consumers, they will eventually push up prices and affect inflation.

 
Federal Reserve Chairman Powell attended the hearing of the Financial Services Committee of the House of Representatives at 0: 00 this morning, saying that the US economic recovery has not yet reached the level that can enable the Federal Reserve to start reducing the scale of debt purchase. It is appropriate to maintain a high degree of monetary policy easing at present.

He also noted that the newly released inflation data exceeded expectations, but still believed that high inflation was temporary. He reiterated that if high inflation persists and may undermine inflation expectations, the Fed will definitely change its policy at its discretion.

And there will be tools to deal with it. Powell stressed that one of the conditions for raising interest rates is that the US economy is in the maximum employment situation, and the US job market continues to improve, but the road to recovery has not yet been completed. Finally, Powell said that the Federal Reserve is considering reducing its debt buying.

Discussions will continue at future meetings on interest rates, and this month's meeting will discuss the timing of reducing the scale of debt purchase. Inflation data greatly exceeded expectations, but it did not scare investors as early as two days ago; Because Federal Reserve Chairman Powell yesterday,

When attending the hearing, he pointed out that inflation is temporary and will maintain a loose monetary policy. Dove speech supported traditional economic stocks. The three major Wall Street indexes developed individually yesterday, with Dow Jones index falling 0.13% and Standard & Poor's 500 index falling 0.12%.

The Nasdaq index fell by 0.22%. After a sharp fall in mid-June, the gold market was revised and consolidated for nearly a month. After it started to hold steady at $1,800 last week, it finally exploded yesterday, successfully hitting a new high this month, with a maximum of $1,830.

It finally closed at $1827, up $19.

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