Weekly

Try high again.

2023-01-09

January 9th

Today's amplitude range

The US labor data is good, showing that the labor market is tight, but the salary survey has unexpectedly dropped, which is conducive to alleviating the Fed's expectation of raising interest rates, as long as the price of gold

It's only a matter of time before it hits $1,900 if it stays above $1,845 and has the ability to try this year's high again. There is always pressure above 1870. See you today.

$878 for the trial, with 4 mosquito gold to stop erosion and 20 mosquito gold in return. Today's suggested volatility is $1858 to $1878.

As the customs clearance between China and Hong Kong is just around the corner, investment sentiment is becoming more optimistic. It is hoped that inbound tourism after customs clearance will have a positive effect on Hong Kong's economy, and investment banks will improve Hong Kong's economy this year.

Economic growth forecast, coupled with the continued rise of RMB, approaching the high level since August last year, shows that funds are reinvested in China, and there is just a need for RMB, and financial assets are also

Benefit. Since China officially announced its opening to the world at the end of last year, Hong Kong stocks have risen for three weeks in a row. The Hang Seng Index successfully broke through the 250-day moving average of the bull-bear index, and this week it is tired.

Rose by 1210 points or 6.12%, and closed at 20991 points last Friday.


Europe is having a relatively warm winter, while alleviating the energy shortage crisis. At the same time, the international oil price still falls below $80 even though Russia announced the reduction of production, which is beneficial.

Resolving the global inflation tension. The Russian army failed to conquer Ukraine militarily in a short time, and whether the war can be prolonged depends entirely on whether the economy can support it.

However, the weather was not as expected, which disrupted Russia's plan to use energy as a threat to European countries to reduce their support for Ukraine. Putin heart for heaven, he was in hell! Europe

The three major stock markets rebounded strongly last week, and the German DAX index rose by 4.93%; The CAC index in Paris rose by 5.98%, while that in the United Kingdom threatened by strikes rose less. The United Kingdom

The FTSE 100 index also rose by 3.32%.

Last week, a number of labor data were released in the United States. The number of farmers outperformed market expectations, while the unemployment rate continued to be close to the lowest level in history. In addition, the initial request

The number of jobless claims dropped by nearly 200,000, but the salary survey unexpectedly dropped, which helped alleviate the Fed's expectation of raising interest rates. In a week, the three major stock indexes on Wall Street

Across the board, the Dow Jones index rose 1.46%. The S&P 500 index rose by 1.21%, and the Nasdaq Composite Index rose by 0.71%. Since March last year, the United States has stepped into raising interest rates.

Since the cycle, due to the rising interest rate, the price of gold has been under pressure many times, but it reached a half-year high at the end of 2022. Although it still dropped slightly by $5 per year, the market is looking forward to it.

The interest rate of the US Federal Reserve Fund will peak this year, when the gold price will be more effective. Coupled with the expectation of RMB appreciation, the gold price reached the highest of $1,869.9 last week.

The lowest price of gold was 1825.1, closing at 1866.1 USD, with a cumulative increase of 42.3 USD per week.

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