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European Union finance ministers met again over the weekend to prepare for new situations that may arise in Greece after next week's election. At the same time, more macroeconomic data released by China on Sunday continued to show that the macroeconomy is facing downward pressure. The above situation has further increased investors' doubts about whether the Federal Reserve will raise interest rates this week. The U.S. dollar index remains somewhat under pressure as a result.

Overview of major market trend fluctuations

The U.S. dollar index continued last week's decline on Monday and continued to open lower on Monday (Month), stabilizing slightly after hitting the bottom. Many news show that the Federal Reserve is likely to take into account the impact of the external market environment led by China at this week's meeting, so it is still unknown whether it will raise interest rates at that time, forcing investors to continue to sell their long positions in the US dollar. At the same time, non-U.S. currencies had mixed trends. The euro fell slightly against the U.S. dollar after hitting a high of more than a week. At the same time, the U.S. dollar against the yen also moved higher after opening lower. Among commodity currencies, the Australian dollar and the Canadian dollar both strengthened slightly at the beginning of the session, showing signs of recovery in market confidence

Spot gold prices still hovered in a narrow range above the US dollar, continuing a narrow consolidation trend. Investment Investors are waiting for the Federal Reserve's decision on Thursday. Before that, the gold price trend lacks effective driving force. The Federal Reserve's decision will ultimately determine whether gold prices will choose to go north or south after breaking through the consolidation box.

Crude oil prices were little changed below the dollar in early trading on Monday. Over the weekend, bullish analysts in the industry believed that oil prices are expected to rise back to US dollars per barrel. However, in contrast to this, Goldman Sachs believes that crude oil prices may bottom out further below the US dollar. China's economic activity data remains sluggish, which is still limiting the rise in oil prices.

Weekend news at a glance

Economic data released by China on Sunday (Monday) showed that the annual growth rate of industrial added value above designated size was .%, although compared with the .% has accelerated, but is still lower than the .% expected by industry experts. At the same time, the monthly growth rate of industrial added value above designated size was .%, which was better than the monthly growth rate of .%. China's monthly urban fixed asset investment annual rate increased by .% month-on-month, lower than the previous month's .%, and the market expected the value to be .%. In addition, monthly retail sales increased by .% year-on-year, slightly higher than the market expectation of .%, and also higher than the monthly increase of .%.

The Central Committee of the Communist Party of China and the State Council issued the "Guiding Opinions on Deepening the Reform of State-owned Enterprises". This is a programmatic document to guide and promote the reform of state-owned enterprises in the new era. It proposes state-owned enterprise reform goals and measures from overall requirements to classified reforms, improving modern enterprise systems and state-owned assets management systems, developing mixed ownership economies, strengthening supervision to prevent the loss of state-owned assets, etc.

International Standard & Poor's confirmed Greece's rating of + with a stable outlook on March 1. S&P expects the Greek economy to decline by 20% this year and believes that Greek government debt may not be sustainable.

The Eurogroup meeting is continuing to discuss the latest situation in Greece. If the political situation in the country deteriorates again, whether the Eurozone can release 100 million euros in aid to Greece as scheduled in March will again Doubtful. Disselbloem, chairman of the Eurogroup, pointed out at the meeting that although there are still uncertainties in the political prospects of Greece, the process of aid to the country will continue. He said that it is very important to continue to prepare for aid to Greece, and all parties in the Eurozone should try their best to make more progress on the Greek aid issue