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Abstract: The economic data released on Tuesday had little impact, and officials from the Federal Reserve and the European Central Bank each sent easing signals. In contrast, investors paid more attention to the Fed's moves, so the dollar exchange rate fell. However, spot gold and spot Qingdao International Nonferrous Metals remained indifferent to this benefit, and a rebound did not occur. Technically, gold Qingdao International Nonferrous Metals is still within the downward channel, and will maintain a short-selling mentality before it breaks through the upper track.
Fundamental Analysis
In the United States, the United States did not release any data that had a major impact on the market yesterday. However, it is worth noting that the data showed that labor costs in the United States decreased in the third quarter, which may help employers increase the number of employees. , which has an impact on the job market that the market is concerned about. Federal Reserve Chairman Ben Bernanke made remarks overnight saying that the Federal Reserve will maintain ultra-loose monetary policy as long as necessary. The Fed will only begin to reduce bond purchases if it ensures continued improvement in the job market. These are the same old tunes, but he emphasized that even if the unemployment rate drops below .%, interest rates will not necessarily be raised. In response to Bernanke's dovish remarks, the US dollar exchange rate continued to fall, but the reaction of precious metals was dull and indifferent.
European data shows that the Eurozone’s monthly Z economic sentiment index has improved, especially Germany’s Z economic confidence index, which rose to . Investors' confidence in the economic engine of the Eurozone has further increased, but the author believes that Germany has always reassured investors. The situation in Germany does not mean that investors have confidence in the entire Eurozone economy. The euro zone's monthly construction industry production rate fell sharply. It seems that real estate investors are not optimistic about the euro zone's economy. European Central Bank officials once again conveyed the message that they may adopt more loose policies. Asmussen, a member of the bank's executive committee, said that negative deposit interest rates are an option.
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