Daily

On March 17

Today's range:

Russian Foreign Minister Sergei Lavrov said yesterday that Ukraine is close to reaching an agreement, the market is looking forward to the russia-Ukraine war can end in a peaceful way under certain terms, hedge demand reduced, adverse to the gold market;

The Fed's 25-point rate hike yesterday was in line with market expectations, and the rate-setting statement released later indicated that the Fed's rate hike path for this year and next remains moderate, with inflation back on track to the Fed's target

2% takes longer and is good for gold. Gold tried $1,900 yesterday, but the sudden jump, seems to have stabilized and entered a consolidation period. Today's recommended range is $1914 to $1935.

Hong Kong stocks staged a spectacular rally yesterday, with the Hang Seng index up 1672 points and back above 20,000 points. Hang Seng technology index more sharply up close to 20%! Vice Premier Liu He presided over a Financial meeting of The State Council yesterday

The Chinese government will support Chinese companies to go public overseas. In particular, it mentioned that it has good communication with US regulators and has made positive progress. It is committed to forming concrete cooperation plans to enable Chinese companies to go public in the US

Compliance with US audit rules and requirements. The news eased the threat of delisting Chinese stocks by the US securities regulator, and hong Kong-listed tech giants surged by 30-40%, pushing the Hang Seng index to 20,087

Closing, 9.08%, more rapid turnover of more than 300 billion Hong Kong dollars.

The talks between Russia and Ukraine are positive, Russian Foreign Minister Sergei Lavrov said yesterday that the two countries are close to reaching an agreement stage, the market mood reflects optimism, the three major European stock markets rose, Germany's DAX index rose 3.79%;

France's Paris CAC index rose 3.68%; Britain's FTSE 100 index rose 1.74 percent. The Fed raised rates by 25 points, as expected, and the dot plot shows officials leaning toward a total of seven rate increases in 2022,

Interest rates will end the year at 1.9%; By the end of next year it will be 2.8%. The Fed's path toward raising interest rates is modest at a time when U.S. inflation is nearing 8 percent a year, and China's State Council supports overseas listings of Chinese companies

Among them, Didi Chuxing, which has been troubled by delisting, rose more sharply by 50%, stimulating the rise of American technology stocks, and at the same time driving the market optimism, the three major indexes on Wall Street all rose, the Dow Jones index rose 1.55%;

The S&P 500 rose 2.24%; The Nasdaq rose 3.77%.

The gold market fell first and then rose, with the Russian and Ukrainian sides reserved to continue talks next Tuesday, the market hopes that the Russian and Ukrainian war can end peacefully under some terms, gold has been under pressure, but the market to observe the Move of the Federal Reserve, bears did not

Gold plunged $20 to a session low of $1895.1 before falling back to a high of $1929.6 and a low of $1927.4, up $9.70.

For detailed analysis and suggestions, please CLICK the link below to join the group and contact the administrator
https://t.me/mingtakchat