Weekly

Sharp angle of flag

2023-04-20

April 20

Today's amplitude interval

The inflation data in the UK is high, and investors are worried that the United Nations Reserve may also extend the interest rate hike cycle. The gold price tested $1,970 yesterday, and the low level supported the return.

1990 level. The gold price is 2,000 yuan, which is a battleground for long and short positions. Yesterday's test was held at the flag tip of $1,970 mentioned in Tuesday's article. I believe it has been established.

See adjusting the depth. Today's suggested volatility ranges from $1983 to $2005.

The exchange rate of the Hong Kong dollar triggered the weak exchange guarantee several times this month, and the HKMA has undertaken a total of nearly 27.8 billion Hong Kong dollars in selling. Last Thursday, the aggregate balance of the banking system fell to 492.3.

In addition to showing that foreign investors lack confidence in Hong Kong's economic prospects, it also highlights Hong Kong's relations with the Mainland after the change of political destiny.

As a result of integration, Hong Kong stocks fell for two days in a row, and the turnover was reduced to less than 100 billion yuan, which was the lowest turnover in more than two months. permanent

It opened 17 points lower, with a maximum drop of 313 points, and finally fell 282 points or 1.37% to close at 20367 points.

The consumer price index in Britain rose by 0.8% month by month in March, which is expected to rise by 0.5%. Although the annual rate dropped slightly compared with that in February, it still stood at 10.1% of both figures.

In addition, the consumer price index in the euro zone rose by 0.9% month-on-month and 6.9% year-on-year, in line with market expectations, and the three major European stock markets continued to hover at a high level.

Germany DAX index rose by 0.08%; The CAC index in Paris, France rose by 0.21, hitting a record high; Britain's FTSE 100 index fell 0.13%. British inflation data is high.

Enterprises and investors are worried that the U.S. Federal Reserve may also extend the interest rate hike cycle. The yield rate of the 10-year U.S. Treasury bonds is above 3.6%, and the risk market lacks direction.

Yesterday, the trend of the three major stock indexes on Wall Street continued to be divided. The Dow Jones index fell by 0.23%, the Standard & Poor's 500 index did not rise or fall, and the Nasdaq Composite Index rose by 0.03%.

Inflation in Britain is higher than expected, and the market expects that the Bank of England will keep raising interest rates to curb inflation, and this forecast may also be extended to the United States United Nations Reserve.

Worried about the interest rate hike cycle, after the British inflation data was released, the lowest price of gold was inserted to $1,969.3. At the same time as the US market, the international oil price plummeted, helping the price of gold to rise.

Step by step to recover lost ground, and finally closed at $1994.8. The highest price of gold was $2008.3, which fell by $10.3 yesterday.

For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator.
https://t.me/mingtak



Previous Article Next Article