Jiangsu Zhongsu Chen Yinzhuohan:4month8Reminder for daily precious metal trading

　  Market Review


On the previous trading day, spot silver prices continued to rise after the opening of the Asian session, and reached a daily high during the European session15.36The US dollar was subsequently suppressed by upward pressure levels, and silver prices briefly fell in the US market15.20Below, final closing15.19US dollars. Last night's initial unemployment claims slightly exceeded expectations, putting slight pressure on the US dollar once again.


Thursday(4month7day)goods in stockgoldZhouya City opened in the morning session1223.00dollar/After a slight drop in ounces, it recorded an intraday low1222.90dollar/After an ounce, it fluctuated upwards. The European market is increasing its gains, and gold prices are on the rise. Bulls are showing off their strength, with Changyang rising and continuously breaking new highs. The US market continues to rise, with continuous upward momentum, reaching an intraday high1240.50dollar/The ounce rose and fell later, but soon rebounded and continued to gain momentum. With multiple control measures, it eventually closed higher than1240.50dollar/Near the high ounce mark.
Future Market Forecast


Friday(4month8day)In the early trading session of the Asian market, international gold prices opened high and closed low, with current gains0.2%to1240dollar/Trading around ounces. Overnight, European and American stock markets generally fell, the USD/JPY crash, increased risk aversion, and gold prices closed1242dollar/Ounces, increase1.47%. Economic data from multiple European countries and wholesale inventory data from the United States will be released within the day, which may affect short-term fluctuations in gold prices.


The data release during Friday's European session was quite intensive, including Switzerland3Monthly unemployment rate andCPIFrance's business prosperity index and manufacturing data, trade accounts between the UK and Germany, UK industrial production, etc. Canada will announce during the US period3Multiple employment data such as monthly unemployment rate and employment numbers will be released by the United States2The concentration of monthly wholesale inventory data and non US data within the day may bring fluctuations to the US dollar index, thereby affecting the trend of gold prices.


Financial events focus on Friday in the US session, with Vice Chairman of the Federal Reserve and Chairman of the New York Fed, Dudley(William Dudley)We will give a speech on the region and the US economy at the University of Bridgeport. Federal Reserve's number three figure, Dudley, hasFOMCPermanent voting rights, their statements will be followed by investors.


economic data


SwitzerlandCPI


The abbreviation for Consumer Price Index isCPI, is a price change indicator based on the prices of products and services related to residents' lives, usually used as an important indicator to observe the level of inflation. Because the level of the Consumer Price Index indicates the purchasing power of consumers and also reflects the economic situation, if the index falls, it reflects an economic recession and will inevitably be unfavorable to the trend of currency exchange rates.


But if the consumer price index rises, will the exchange rate necessarily be favorable?Not necessarily, it depends on the magnitude of the increase in the consumer price index. If the increase in the index is moderate, it indicates an upward trend in economic stability, which is beneficial for the currency of the country. However, if the increase in the index is too large, it has a negative impact because the price index is inversely proportional to purchasing power. The higher the price, the lower the purchasing power of the currency, which is inevitably detrimental to the currency of the country. If considering the impact on interest rates, then this indicator has an impact onforeign exchangeThe impact of exchange rates is more complex.


Important data to pay attention to on Friday:


13:45 Switzerland3Unemployment rate after quarterly adjustment


14:00 Germany2End of month and quarterly adjustment of trade accounts


14:30 France3Monthly Business Prosperity Index


15:15 Switzerland3monthCPIMonthly rate


16:30 britain2Monthly commodity trade account


16:30 britain2Monthly industrial output rate


20:30 Canada3Monthly unemployment rate
The market situation can fluctuate at any time, and I have written some strategies and methods for various types of investors in various situations. Of course, if you want a suitable investment method for yourself, you can also consult Teacher Chen Yinzhuohan σσ：1690960915。VIPYour esteemed guest, Yang,462096392, input:66. We will provide you with comprehensive financial services and investment planning. I hope it can be helpful. Of course, the method is that the dead are alive and should be flexibly applied according to the situation at that time, and risks should be controlled according to the size of one's own warehouse.