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Jiangxi Guanghong Commodity Trading Center Account Opening KouKou---Real-time Market Analysis of Jiangxi Guanghong Commodity Trading The end. On the other hand, the U.S. interest rate policy still gives the U.S. dollar an advantage over the Japanese yen and the euro. Currently, U.S. Treasury bonds are still high-yield bonds, while some Euro and Japanese government bonds already have negative interest rates. The previously unsatisfactory U.S. employment report for April dampened market hopes for the Federal Reserve to raise interest rates. The U.S. election is approaching this month and the Fed's next actions this year will be greatly affected by political factors. Whether this is positive for stocks and junk bonds remains to be seen, but a slowdown in the U.S. economy will affect global growth expectations and ultimately asset prices. The minutes of the U.S. Federal Open Market Committee's March-Sunday meeting will be released at 0:00 a.m. Hong Kong time on Thursday.
Last week, many regional Fed chairs said that it is possible for the Fed to take action in May or May. However, neither Fed Chairman Yellen () nor Fed Vice Chairman Fisher () have made any recent announcements. Public speech. Yellen will speak at Harvard University on October 1, and Fisher is scheduled to speak in New York on Thursday. The May-June meeting decided to keep the benchmark interest rate unchanged but removed the global economic and financial situation from the risk factors mentioned in the policy statement. There was no post-meeting press conference for the March meeting. The Federal Open Market Committee has so far kept its target for the federal funds rate unchanged at .%-.% after raising interest rates for the first time in nearly a decade last month. Officials predicted in March that they would raise interest rates twice this year, but investors expected just one. Financial markets remain volatile, especially in the first three months of this year, when global economic growth forecasts have been lowered. Under the influence of global central banks, investors' ability to build diversified portfolios to cope with economic fluctuations has been greatly reduced, ultimately leading to less risk-taking in private investment. As a result, gold has become a safe haven favored by investors. Optimism about gold also reflects the market's disappointment with major central banks. Gold holdings have experienced the fastest growth since the beginning of the year and have reached the highest point since the beginning of the year. Gold holdings have seen their fastest growth since the beginning of the year. Data compiled by Bloomberg show that gold holdings have climbed sharply since January this year, hitting a seven-year low of 1.4 tons. In the past two weeks, gold holdings have risen by 1.5% a day, even as gold prices have fallen. The total increase was . tons.
Gold is considered a reliable asset and the price of gold will rise during times of crisis due to increased demand for gold. China’s gold purchases per month increased 2-tons a year ago and gold purchases have doubled since the middle of last year. According to reports, Russia and China have been actively expanding their gold reserves for several months, fearing a sharp depreciation of the U.S. dollar in the near future. Beijing's gold reserves increased by 1% in recent months to reach 1,000,000 tons. Moscow also increased its reserves by 1% to tonnes. Moscow began actively increasing its gold reserves at the beginning of the year amid falling oil prices. China and Moscow are buying gold to reduce their dependence on the U.S. dollar. Recently, ICBC Standard Bank (D), a subsidiary of the Industrial and Commercial Bank of China, has agreed to acquire Barclays Bank’s precious metals storage business, including the bank’s top-level vault in London. The location of Barclays' London vault, which is currently a secret, can store tons of gold and other precious metals. Calculated based on the current gold price, this vault can hold
Data released by the Japanese Cabinet Office in the morning showed that in the
month
as of
Japan’s gross domestic product (D)< br/>Annual growth rate of .%
Much higher than the median growth rate of .% expected by economists surveyed by foreign media
The revised data for the previous quarter was a contraction of .%
. Specific data shows that Japan's first quarter D
initial value of quarterly rate.%
better than the previous value -.%
same as expected in the first quarter
initial value of quarterly rate.%
Better than the previous value -.%
And expected value.%
First quarter D
Initial annualized quarterly rate.%
Better than the previous value -.%
and expected value.%
. However, the initial value of the D
annual rate in the first quarter was disappointing, with only .%
lower than the expected value of .%
and the previous value of .%
. On the eve of the release of the data, Koichi Hamada, advisor to the Japanese Prime Minister, said that Japan's economic fundamentals are solid and low oil prices are good for the Japanese economy. In addition, he also said that Japan should not raise the consumption tax as scheduled next year.
In addition, in a speech distributed by Assistant Chairman of the Reserve Bank of Australia (
) Debelle at the foreign exchange conference held in Beijing this morning, he pointed out that the Bank of International Settlements (
)
each year
/>The annual
foreign exchange market transaction survey will likely confirm that the RMB is firmly at the top of the trading volume rankings
The ranking of major currencies may approach the Australian dollar. De Bell pointed out that the Reserve Bank of Australia has spoken to Australian companies doing business with China and they have repeatedly mentioned a concern that limited hedging space inhibits the wider use of the yuan. In this regard, Debel said
It is good to see that the RMB hedging instruments and market are growing rapidly.
De Bell further pointed out that in view of the close ties between the two major economies, Australia is currently paying close attention to China's ongoing opening of financial markets and the internationalization of the RMB. De Bell also said
We welcome these measures that have been taken, which have significantly enhanced the status of the RMB in the global financial market.
The data that need attention today include the UK
monthly unemployment rate, the UK
monthly
unemployment rate, the Eurozone
monthly
annual rate final value and the United States
/>Month
Crude oil inventory changes for the week
day. In addition, the Federal Reserve will release the minutes of its monthly monetary policy meeting at 0:00 tomorrow morning, which deserves everyone's attention.