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Yunnan Jinningtong Bulk Commodity Trading Center investment hotline, real-time market analysis, market trends, professional investment solutions, accurate online orders, sincere recruitment of personal agency agents ddd -rd/ ----d: International Spot Gold Wednesday (Monday) Asia The market continued to hover near the U.S. dollar in early trading, with spot silver consolidating near the U.S. dollar. During the day, the market will not only face the test of small non-farm payroll data, but Federal Reserve Chairman Yellen will also take the stage to give a speech. Many institutions expect Yellen to blow the whistle on the monthly interest rate hike and give some reasons for the increase. This means that gold and silver may then further pressure.
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ddd -rd/ ----d On Tuesday (Monday), as the U.S. manufacturing data fell to the level when the United States launched the first round of quantitative easing, the Federal Reserve this month Expectations of interest rate hikes have cooled slightly, and the U.S. dollar index has fallen back below and pushed gold and silver to rebound slightly. Gold prices earlier hit .USD/oz. Daily high silver prices hit a maximum of .USD.
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ddd -rd/ ----d:< ddd The U.S. manufacturing industry is unsatisfactory! The U.S. dollar fell and gold and silver gained respite
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ddd -rd/ ----d The U.S. manufacturing industry shrank for the first time in three years in March, the U.S. dollar strengthened and energy companies sharply Spending cuts are weighing on manufacturing but strong auto sales suggest the economy's fundamentals remain solid.
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ddd -rd/ ----d Data released by the U.S. Institute for Supply Management on Tuesday (July 2) showed that the monthly manufacturing contraction was at the lowest level since March. At that time, the U.S. economy was still in a certain degree of recession.
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ddd -rd/ ----d means that the national manufacturing activity index dropped to . for the first time since March. A lower index means a contraction in the manufacturing sector. Data are often used to observe the overall economic situation in the United States. The index briefly fell below the level in 2011 but the economy did not enter a recession at the time.
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ddd -rd/ ----dAt the same time, the data released by r showed that the final value of the U.S. manufacturing industry for the month was. The initial value of the largest decline in the month was recorded. The end of month value is... Higher readings indicate expansion in economic activity.
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ddd -rd/ ----dA well-known financial blog commented that the last time the manufacturing industry recorded such a poor performance, the Federal Reserve (D) had just started first round.
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ddd -rd/ ----d However, analysts said the manufacturing industry has been hit by the strong dollar and weak global demand, but the other % of the economy continues to perform well. This will not prevent the Fed from raising interest rates at its mid-month meeting.
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ddd -rd/ ----d After the data was released, gold climbed up again around the US dollar and once again stood above the US dollar per ounce. Gold has been fluctuating widely below after setting a high of US$/ounce in early Asian trading on Tuesday. The gold market rebound is still limited and there is limited room in the upward direction. Spot gold closed Tuesday at .USD, up .%. Spot silver closed at .USD or .%.
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ddd -rd/ ----d:< dddD takes the lead as the most important non-agricultural data is approaching
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ddd -rd/ ----d On Wednesday (Month), the market will usher in the U.S. monthly D employment data, known as the small non-farm payrolls report. This data is also a key job market indicator before the release of the monthly non-farm payrolls report. . Current market expectations are that employment is expected to increase by 10,000, slightly higher than last month's 1,000, suggesting that the non-farm payrolls report, even if it is not as strong as last month, will be enough to provide a reason to raise interest rates.
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ddd -rd/ ----d Of course, the market is still paying more attention to the monthly non-farm payrolls report released on Friday because the report is the Federal Reserve’s monthly meeting. Last important report before. The market generally expects the Federal Reserve to raise interest rates at its monthly meeting as long as the non-farm payrolls report is solid.
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ddd -rd/ ----d Bloomberg economists wrote that the monthly non-farm payrolls report is the most important data this week. In fact, it is the only data that may prevent the Fed from raising interest rates this month. However, the monthly increase in non-farm payroll employment and the monthly data of 10,000 people will have to be extremely weak to reverse the situation.
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ddd -rd/ ----d Some analysts pointed out that even if the non-farm payroll data is somewhat disappointing, considering that it is close to full employment, the Fed is expected to Interest rates will still be raised at the March-Sunday meeting, when the focus of the debate may turn to the pace of future interest rate increases rather than short-term actions.
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ddd -rd/ ----d The head of currency strategy at Deutsche Bank (D) noted that money markets will focus on the monthly employment report this week. Most believe the Fed will tighten monetary policy next month unless the employment data is very weak. It also pointed out that if the data exceeds 10,000, it will not only mean that the Federal Reserve will raise interest rates, but also indicate that it will be enough to boost expectations for an annual interest rate hike.
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ddd -rd/ ----d Westpac Bank pointed out that the U.S. monthly non-farm payrolls report is expected to add 10,000 people and the monthly unemployment rate is expected to remain unchanged from the previous value. of%.
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ddd -rd/ ----dCanada's Bank of Montreal () said that even if Friday's U.S. non-farm payrolls data ends up falling short of expectations, it does not mean that the Federal Reserve The first interest rate hike will not be implemented in September.
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ddd -rd/ ----d Analysts said that our research in recent weeks concluded that the non-farm payrolls data remains for the precious metals market Tendency to suppress. If the non-farm payrolls perform well, the US dollar will inevitably rise, and gold, which has maintained a negative correlation with the US dollar recently, will definitely be hit. But if the non-farm payrolls performance is poor, it does not mean that the Fed will not raise interest rates at its monthly meeting. Therefore, it is difficult for gold to gain support and rebound.
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ddd -rd/ ----dThe bank believes that if the monthly non-agricultural employment number eventually records below the level of 10,000 people. The possibility that the Federal Reserve will raise interest rates this month still exists.