US Dollar Embarked On A Bull Market And Central Banks Threw Big Debts.

The central bank outside the United States is selling U.S. Treasury bonds, and China and Russia have joined the sell-off. This contrasts sharply with the strong rise in the US dollar and the buying of US debt by investors.

One reason for the global central bank's sell-off of US debt is that, in order to avoid a big drop in the exchange rate against the US dollar, they have sold some positions and exchanged US dollars for local currency, which is equivalent to transferring the proceeds from the sale to China.

SMBC Nikko Securities Inc. Hiroki Shimazu, a senior market economist in Tokyo, said: "developing countries are facing currency depreciation and they have to sell dollars to buy local currencies."

Peng Bo reported that China and Russia may also have to adopt this strategy to avoid inflation of domestic currencies and investors to transfer funds to foreign countries.

　　 U.S.A The central bank outside the region is the largest buyer of US Treasury bonds. And according to Federal Reserve According to data released on Thursday, the size of treasury bonds held by these central banks has been reduced to $2 trillion and 920 billion, a record low since March 2014.

At the same time, US Treasury bonds are now being pursued by investors outside the central bank. As of Thursday, US bond prices rose four days.

The report shows that this reflects higher demand for investors, because the yield of US debt is higher than that of Europe and Japan. The yield on US debt in 10 years is over 2.1%, while Germany and Japan are in the same period. National debt The yield is only 0.25% and 0.39% respectively.

The 30 - year US bond yield on Thursday was 2.681%, compared with 0.684% for the same period.

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Us COMEX 4 gold futures prices closed up 0.50 U.S. dollars on Friday (March 13th), at 1152.40 U.S. dollars / ounce, announces that the trend of nine consecutive trading days has come to an end, because the market has seen a mild short supply.
But this week (March 14th week), gold futures fell by about 1%, as gold bulls continued to worry about the prospect of raising interest rates in the US Federal Reserve (FED), and the dollar went up to 100 near the expectation and there was a further strong gap.
Meanwhile, the US COMEX 5 silver futures price closed down less than 0.01 U.S. dollars, at 15.51 U.S. dollars / ounce, this week, a total decline of 1.9%.
Technically, on the daily chart, gold futures prices do not have significant technical support in the near future. For gold bulls, we must try to recover the US $1200 / ounce mark, in order to improve the technological prospects, and then measure the average daily position of 100 US $1211.92 / ounce, the 50 day average position of 1226.11 US dollars / ounce, and the 200 day average position of 1243.65 US dollars / ounce.
As for the Asian Euro era rally in the futures market, George Gero, RBC, vice president and precious metals strategist of the Royal Bank of Canada, said that there was a moderate shortage in the gold market. However, the recent rebound in gold prices is not enough to reverse the current decline in the gold market. Gold prices need to rise to $1200 / ounce to improve the technological outlook.
Frank McGhee, Chicago's Alliance Financial LLC trading director, said in a telephone interview that gold prices are still in a downward trend, and that gold prices are likely to further fall to $950 / ounce; the question being discussed is when the Federal Reserve (FED) will start raising interest rates, not whether the Federal Open Market Committee (FOMC) will raise interest rates; the improvement in the US job market has not even slowed down in winter, highlighting the fact that the US economy has been able to perform well, and many investors are not paying much attention to other "noise" data.
Steven Scacalossi, global metals sales director of TD Securities, believes that the gold market is rising day by day, or that gold prices are at the bottom. Gold prices are expected to rebound to 1170-1175 when the Fed's interest rate increases. However, the flow of ETFs funds highlights the glamour of the city.
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