On Wednesday (April 11th), the gold price in the Asian market was above $1340, reaching a maximum value of 1342.70 yuan / ounce, now reported 1341.60 U.S. dollars / ounce. This night, the United States will announce the March CPI report and the minutes of the Federal Reserve meeting. This is the two most notable thing this week. The "super night" is coming, and it is expected that the market will fluctuate.
Spot gold 60 minutes K line map
The Fed meeting minutes or the hawk hawk market need to be cautious.
Wednesday to Thursday morning is the most exciting day of the week in the financial market, as the US will announce the March CPI report and the minutes of the Fed meeting, which is the two most important event for investors, which is expected to make the market fluctuate sharply.
After Federal Reserve Chairman Powell supported further incremental interest rate support last week, the latest inflation figures are particularly important. The minutes of the Fed meeting will reveal the latest clues for the pace of interest rate increase during the year. The two events are related to the Fed's interest rate increase, which has an important guiding role in the direction of US dollar and gold. If the CPI data is strong or the Fed meeting is hawkish, then the price of gold may be suppressed, otherwise, it is a gold carnival.
The overseas authoritative media survey shows that the overall CPI rate in the US is expected to rise 2.4% in March, up from 2.2% last month, and the core CPI annual rate in March is expected to increase by 2.1%, and the former value is 1.8%.
An analyst at the Bank of Australia said that only one member of the FOMC did not suggest an increase in interest rates every quarter, and the Fed's March conference summary, to be announced in the early morning of Thursday in Beijing, could further show the central bank's more hawkish, and will eventually provide further support for the rise in the dollar.
Before the coming of super night, investors need to watch carefully.
US stocks or high prices will be weighed down.
In April 10th, Chinese President Xi Jinping advocated global integration when he attended the Boao forum for Asia, and declared that China would further open to the outside world. President Xi Jinping said that this year China will substantially reduce import tariffs on cars, while reducing import tariffs on some other products.
On Tuesday, local time, Trump said he was very grateful to the president for his friendly speech on Tariffs and automobile (trade) barriers, and he also had an enlightening comment on intellectual property rights and technology transfer. The two countries will make great progress together.
The tension in trade war has cooled sharply, and global stock market has generally risen. The Dow rose over 400 points, the S & P rose 1.6%, the NASDAQ rose 2%.
John Hussman, a big Wall Street, said, "enjoy this day, because the huge fluctuation of US stocks just proves his pessimistic view. He believes that the US share will experience at least 60% decline, and ten years or even zero return to negative return.
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