Zhenjiang Commodity Trading Center is looking for first-level agents: Gold guards the US dollar to welcome the non-agricultural baptism
International spot gold stabilized near the US dollar at the beginning of the Asian session on Friday (Monday). Draghi revealed that there would not be one this year. The EUR/USD had a short-term surge, but then Draghi stated that the central bank would not buy gold, which frustrated many gold prices. The gold price randomly gave up its gains and consolidated. At present, the market's focus has turned to the U.S. monthly non-agricultural data released tonight, which is expected to cause considerable fluctuations in the gold market.
Draghi enthuses and bullies gold for a while
The European Central Bank (B) announced on Thursday (June 2) that it would keep interest rates unchanged, and Central Bank President Draghi (rr) Although he lowered his economic and inflation expectations at the subsequent press conference, his dovish stance softened. He pointed out that the central bank will not evaluate the stimulus policy until the first quarter of next year, implying that it will not take action within the year. Subsequently, the rebound momentum that the EUR/USD had accumulated for a long time finally broke out. The exchange rate rebounded strongly by more than 100 points after hitting the lowest level, and hit the highest level, setting a new intraday high. It also helped gold prices to test the US dollar.
Draghi said in his speech that the asset purchase plan will last for at least 20 years and the balance sheet will rise to its original level. Asset purchases and R will have a huge impact on balance sheets.
He also revealed that the European Central Bank will re-evaluate the current stimulus policy in the next quarter. The central bank will adjust the scale and speed of stimulus measures early next year, but it may not take new easing measures next month. This also means that the European Central Bank will not launch new stimulus policies during the year.
Draghi subsequently announced a downward revision of the Eurozone economic forecast, lowering the Eurozone economic growth forecast for 2020 from % to %, and lowering the Eurozone economic growth forecast for 2020 from % to %. The economic growth forecast was lowered from % to %.
He also announced a reduction in the euro area inflation expectations, lowering the annual euro area inflation expectations from % to %, lowering the annual euro area inflation expectations from % to %, and lowering the annual euro area inflation expectations from %. to%.
However, when taking questions after the meeting, Draghi confirmed that the European Central Bank's asset purchase plan does not include gold.
Are you ready for the non-agricultural night?
The U.S. Department of Labor is scheduled to release the monthly non-farm employment report on Friday, Beijing time (Monday). The market expects monthly non-farm employment to increase by 10,000 people, and the monthly non-farm employment population to increase by 10,000 people. The rate is expected to remain at % or drop to %. Average hourly earnings will increase by %.
So far this year, the average employment growth in the U.S. labor market has reached 10,000 people, making the country's job market set to have its best year since the beginning of this year.
On Thursday, the number of people filing for unemployment benefits in the United States fell by 10,000 to 10,000 in the seasonally adjusted week, hitting a two-week low, indicating that the country's labor market continues to gather momentum. As one of the forward-looking indicators of the employment report, the initial jobless claims report was solid, indicating that the U.S. monthly employment report will perform well.
The deadline for the U.S. Department of Labor to compile non-farm employment data is the middle of each month. The data shows that the number of initial jobless claims in the United States in the week of March was 10,000, down from 10,000 on March. Although the number increased to 10,000 people in the following week, the increase in 10,000 people also declined compared with the same period last year.
Zhenjiang Commodity Trading Center is recruiting first-level agents
Zhenjiang Commodity Trading Center recruits agents: Gold guards US$1,200 to welcome non-agricultural baptism