Weekly

Long-short struggle

2023-04-19

April 19th

Today's amplitude interval

The BRICS countries trade in each other's legal national currencies, threatening the dominance of the US dollar in global transactions. Yesterday, it was announced that China's GDP is increasing.

Speed, coupled with the weakening of housing data in the United States, the dollar fell, and the price of gold returned to the level of 2000 yuan, which is also the key to long and short struggles. Today's suggestion wave

The range is from $1998 to $2018.

The epidemic situation in the Mainland has become a thing of the past, and consumers have made profit and retaliated consumption, which has stimulated rapid economic growth. Yesterday, China announced the first quarter GDP, reaching.

4.5%, the growth is better than the market expectation, and it is the fastest growth in four quarters; However, the market is also concerned about the exposed social phenomena, including the polarization between the rich and the poor.

Serious, youth employment rate, local government debt problems and the erratic economic policies of the central government lead to the outflow of foreign capital and so on. Hong Kong stocks rose and fell for three consecutive days.

Cable, low opening and low closing. The Hang Seng Index opened 139 points lower, down 223 points at most, and finally closed at 20,650 points, down 131 points or 0.63%, and the turnover was reduced to HK$ 109.7 billion.

The chief economist of the European Central Bank said that the credit problems in the European banking industry have eased some of the pressure due to the acquisition, and the data shows the supply of natural gas.

The impact subsided and the price of natural gas fell, which helped to reduce the annual inflation rate. He added that the European Central Bank still needed to raise interest rates in May, but failed to determine the rate of increase. Europe

The three major stock markets continued to hover at a high level, and the German DAX index rose by 0.52%; The CAC index in Paris, France rose by 0.47, hitting a record high; British FTSE 100

The index rose by 0.37%.

Former US Treasury Secretary Summers expressed pessimism about the economic prospects. He said that because the Federal Reserve's monetary policy lags behind the situation, he predicted that the US economy will be in a year.

The possibility of falling into recession reaches 70%. However, Brad, president of the Federal Reserve Bank of St. Louis, said that recent data showed that inflation remained high.

The Federal Reserve should continue to raise interest rates; He also stressed that it seems that now is not the time to predict that the economy will fall into recession in the second half of this year. The three major stock indexes on Wall Street have different trends.

Dow Jones index fell 0.03%, Standard & Poor's 500 index rose 0.08%, and Nasdaq composite index fell 0.04%.

China's economic growth accelerated in the first quarter, which contributed to the prospect of dollarization in the BRICS countries. The dollar softened yesterday and returned to the level of 101 points. In addition,

Last night, it was announced that in March, the number of building applications and new housing starts in the United States fell at the same time, indicating that rising interest rates inhibited the confidence of citizens in home ownership, and the price of gold rebounded, reaching 2000.

Dollar mark, recovered, the lowest price of gold was 1991.3, the highest was 2011.9, and finally closed at 2005.1, up 10 dollars.

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