As an international capital investment market, the foreign exchange market is an endless gold mine, but it is developing at an alarming rate. Today, the daily transactions in the foreign exchange market have reached 6 trillion US dollars. Its scale far exceeds the stocks, futures and other financial commodity markets, and has become the largest market in the world today. It has always been exclusive to a small group of people with technology, experience and capital. How can ordinary investors share a piece of cake in this huge financial market? This will bring huge wealth to those who know how to grasp it. All experiences and lessons must be purchased with real money and time. There is a saying that "What you learn on paper will only be shallow in the end, but you will never know that it is done in practice. You must learn to learn from every experience and gain wisdom. No investment is a shortcut to getting rich!
On March 22, the Federal Reserve announced interest rates. Resolution, this is the finale of March and the first major global risk event in the first half of the year! Regardless of the success or failure of non-agricultural products, it has become a thing of the past. Even if you make money, you must have an empty cup mentality and look at the market outlook; friends who have not made money, We must work harder to catch up! Next week will enter the countdown period for interest rate hikes, which is the interest rate hike cycle on March 22. According to past trends, gold will not see a strong surge before interest rate hikes, and institutions will also choose to wait and see. , will not forcefully push up the price of gold before the news of interest rate hikes comes to light. Before the Fed raises interest rates, we need to know why the Fed will raise interest rates.
What news will affect gold? Trend
Since U.S. President Trump took office early last year, dollar bulls have been on tenterhooks all the time, always worried about what trouble this restless big shot will cause. Apparently, such worries were revived overnight. became a reality, with the U.S. dollar losing momentum against most major currencies on Tuesday as former U.S. President Donald Trump fired Secretary of State Rex Tillerson and replaced him with CIA Director Pompeo. The most significant adjustment of the cabinet.
On Tuesday (March 13), spot gold turned from falling to rising, with the US market reaching an intraday high of $1,328.39 per ounce, and fluctuating significantly during the day, with the low hitting 1,314.00. U.S. dollar/ounce. It closed at $1,326.44/ounce, up $3.35, or 0.25%. The U.S. dollar fell after news that U.S. President Trump fired Secretary of State Rex Tillerson and U.S. inflation data softened. p>
1. Is the EU starting to retaliate against the United States? Will the trade war escalate further?
The EU trade representative said on Saturday that after meeting with the US trade envoy, the specific steps for US tariff exemptions were not immediately clear. Discussions with the United States on new tariff exemptions will continue until next week, and he expressed hope that the EU will be excluded from the blame. Then Trump posted on social media that the EU has treated the United States very badly on trade, but they have. Trump is complaining about the US imposing tariffs on steel and aluminum products. If the EU first lifts its terrible trade barriers and tariffs on US products, the US will be exempt from taxing the other side. Trump also criticized the US's huge trade with the EU. deficit, he said that if the situation does not change, the United States will tax EU cars, etc. This is only fair!
2. The relationship between the United States and North Korea has cooled, and we need to pay attention to the follow-up
Last Tuesday , Yonhap News Agency reported that North Korea promised not to use nuclear weapons against South Korea and suspended nuclear and missile activities during the dialogue between North Korea and the United States! News On Thursday, local time, after US President Trump agreed to hold an unprecedented summit with Kim Jong-un, he praised North Korea. Negotiations have made "significant progress." Trump tweeted on Thursday night local time, "Kim Jong Un and South Korean representatives talked about denuclearization, not just a freeze. "After the news came out on Tuesday, gold began to fall, and it did not start to rebound until Friday night due to the non-farm payrolls report.
3. The interest rate hike in March is getting closer and closer. How should gold behave?< /p>
Last Friday, the U.S. non-farm payrolls report for February triggered a huge shock in the market: the number of employed people surged by more than 300,000, and wage growth slowed down, suggesting that inflation is still a risk! Less than expected: The average hourly wage in the United States increased by 0.1% monthly in January, which was expected to increase by 0.2%. The previous value was revised to an increase of 0.3%. However, the average hourly wage in the United States increased by 2.6% in December, which was expected to increase by 2.8%. The previous value was revised. It rose by 2.8%. However, the report did not reveal many clues about raising interest rates. The wage data in the non-farm payrolls report was less than expected, and the employment population increased significantly, suggesting that inflation will rise less than expected.