US Dollar High Fall To Raise Gold Price Or "Very Hurt"
Rising from the risk aversion and the rise of the US dollar, the international spot gold is once again on the top of the 1200 pass. Although the gold price is very limited, there is a strong demand for rebounding from the recent trend of gold prices, but the gold price is limited by the strong dollar. Especially the two major financial events this week are likely to constitute a heavy blow to gold.
The crisis in the euro zone has lifted the short-term demand for risk recovery, but has expanded the time. The impact of the crisis is bound to gradually weaken or even disappear. The euro has further weakened in the relaxed environment and even under the influence of the crisis, which has helped to increase the dollar's popularity.
Monday's impact on global stock market decline Gold price It has risen more than 1% and has returned to the level of 1200 US dollars / ounce. Gold prices fluctuated near $1204 / ounce after the Asian market opened on Tuesday.
The rising demand for hedge is the main reason for the rise in gold prices on Monday. As the market worries about Greece and its euro zone status and worries about the price of crude oil, it has led to a sharp decline in global stock market, which has brought risk demand and pushed gold prices up.
Greece's radical left wing alliance may win in the presidential election in January 25th, adding to the risk of Greece's tearing up the aid agreement and its withdrawal from the euro zone, and even rumors that Germany is ready to deal with the withdrawal of Greece from the euro zone.
The German government believes that if the leftist radical coalition party wins the Greek general election, it is almost inevitable for Greece to withdraw from the euro area, and Germany is ready for it. However, German Deputy Prime Minister Gabriel (Sigmar Gabriel) subsequently rumours that the German government wants Greece to stay. Euro There is no contingency plan for Greece to withdraw from the euro zone.
Europe and America equity market Generally, the European Storck 50 index broke the largest single day decline in three years. The three major U.S. stock indexes continued to decline on Friday, the Dow fell 1.84%, the S & P 500 index fell 1.82%, and the NASDAQ dropped 1.56%.
On Wednesday, the minutes of the FOMC meeting of the Federal Reserve were a major focus of the market. In addition, the US non-agricultural data were of course, and the impact of US stocks on gold prices was also important.
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What's the pros and cons of RMB devaluation for outbound tourism and overseas study? Xie pointed out that the depreciation of the renminbi is now directed against the US dollar. However, in terms of Singapore dollar, the total value of the renminbi still appreciates, and the 2015 trend will still be maintained. So from this perspective, it should not have much impact.
Xia Huasheng believes that although the renminbi has depreciated, it still has an appreciation relative to Real, so it has no bad influence on China's students in Brazil, but reduces the cost of living for foreign students.
Lombardi pointed out that if the RMB entered a short-term depreciation channel in 2015, overseas Chinese students would face the pressure of RMB depreciation. But at the same time, this will encourage more international tourists to travel to China.
Yan Xiaozhe, executive director of the Iowa Chinese Association, said that the depreciation of the RMB has an impact on studying in the US. Now the overseas students' families are taking some measures to counteract the effect of RMB devaluation, for example, students' parents buy real estate including houses, land and companies, and stocks in the United States, so as to preserve their assets in the country.
Is it still a good choice to hold Renminbi? Analysts generally believe that the renminbi is relatively strong compared with other major currencies other than the US dollar, and is still worth holding.
Xie Dongming believes that the return of the renminbi is still relatively high, and that compared with other currencies such as the euro and yen, the value of the currency is relatively stable and is still worth holding.
Lombardi believes that investors should pay attention to their volatility in the short term. In the long run, the renminbi is definitely worth buying.
Deutsche Bank said in its report that it is still optimistic about the yuan. After the initial speculative liquidity weakened the value of the renminbi, the focus of attention now shifted to supporting economic growth. China is expected to use monetary policy as a means to enhance liquidity, attract capital inflows or at least curb capital outflows.
Deutsche Bank pointed out that the current market sentiment towards the renminbi is generally more optimistic, mainly for two reasons: first, the strong rebound trend of China's trade surplus will continue; two, the market expects the Chinese government to take more measures to stimulate domestic demand. Therefore, the current choice of long-term bullish RMB.
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Stock Allocation Needs To Be Improved And Regulatory Gaps Need To Be Cautious.
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