Fed rate hike slowed down momentum, gold prices continue to rebound-www.xinkebiao.com.cn

The Fed rate hike slowed the pace of Tim power gold at the price of gold is expected to continue to rebound in the continuation of a rebound in Financial Institute of Finance Xie Mingfu stands – Kun this week international gold prices continue strong pattern last week, the lowest reach $1115.16 an ounce, the highest reach $1157.9 an ounce. After the opening of negative interest rates in Japan’s central bank unexpectedly last week, this week the overall U.S. economic data renewed weak, investors in the global central bank easing monetary policy is expected, especially after Fed officials released the dovish remarks, the market generally expected the Fed rate hike will slow down the pace, the dollar index fell to 97 points, adding impetus to the upward price. The recent U.S. economic recovery momentum remained weak, especially the shrinking manufacturing sector, inflation remained low, which weighed investors the fed to raise interest rates during the year is expected to. The United States in the fourth quarter of 2015 GDP annualized rate of initial value of 0.7%, less than expected and the previous value, reflecting the slowdown in the U.S. economic recovery. The United States in December PCE price index -0.1%, less than expected and the previous value, the U.S. December PCE data lack of inflationary pressures, which provides a basis for the Fed’s interest rate hike in March. The U.S. Markit Manufacturing Purchasing Managers’ index (PMI) was 48.2 in January, slightly higher than the estimated 48.1, compared with 48 in December. Despite a slight increase, the data is the worst level in the last two years, indicating that the manufacturing sector is in trouble. U.S. economic data recently released as a whole weak, suggesting that the pace of the Fed interest rate hike or slow down, the dollar index fell back, pushing up the gold price trend. In order to stimulate economic growth, the Central Bank of Japan has implemented a negative interest rate policy to deposit part of the central bank’s deposits in financial institutions. The Bank of Japan cut interest rates to -0.1%, and postponed the 2% inflation target again, becoming the first negative interest rate country in asia. The BoJ said it might cut interest rates further. In addition, the money market will be operated to expand the base currency at the rate of 80 trillion yen per year. After the introduction of Japan’s central bank easing policy, the yen has a risk of devaluation, the U.S. dollar, gold, silver hedging position has risen. Faced with the global economic difficulties, China, the euro area, emerging market countries to expand the probability of easing has improved, pushing up the strength of gold prices. Bloomberg statistics of global gold ETF position data show that since January, gold ETF positions increased by 50 tons. Gold holdings of SPDR Gold Trust, the world’s largest gold traded fund, rose to 660.3 tons, setting a new high of two months. The continued growth of gold ETF holdings shows signs of improvement in demand for gold investment. Short back leads to a significant increase in net head size of gold futures. At the end of January, CFTC gold futures non commercial net long positions scale the cumulative increase of nearly 40000 hands, a monthly increase of more than 210%. Therefore, from the current international gold futures bull position changes, short positions closed back is the main force to push up the price of gold. Multifortune Financial Institute believes that the recent U.S. economic data generally weak, especially in the manufacturing sector to shrink to maintain low inflation data, the market is widely expected the Fed will slow down on

美联储加息步伐放缓添动力 金价望延续反弹   金价有望延续反弹   ■ 理财看台   □明富金融研究所 谢堃   本周国际金价延续上周的强势格局,最低触及1115.16美元 盎司,最高触及1157.9美元 盎司。在上周日本央行意外开启负利率之后,本周美国经济数据整体疲软,重燃投资者对全球央行宽松货币政策的预期,尤其是在美联储官员放出鸽派言论之后,市场普遍预期美联储加息步伐将放缓,美元指数回落跌至97关口,为金价上行添加动力。   近期美国经济复苏动力持续疲软,尤其是制造业不断萎缩,通胀维持低位,这打压了投资者对美联储年内加息的预期。美国2015年四季度GDP年化季率初值0.7%,不及预期和前值,反映美国经济复苏放缓。美国12月PCE物价指数月率-0.1%,不及预期和前值,美国12月PCE的数据缺乏通胀压力,这为美联储3月不加息提供了依据。美国1月Markit制造业采购经理人指数(PMI)为48.2,略高于预估的48.1,12月为48.0。尽管小幅提升,但该数据为过去两年来最差水平,表明制造业面临困境。近期公布的美国经济数据整体疲软,暗示美联储加息步伐或放缓,美元指数受压回落,推升金价走势。   为刺激本国经济增长,日本央行对金融机构存放央行的部分存款实施负利率政策。日本央行将利率下调至-0.1%,并再次推迟实现2%通胀目标的时间,成为亚洲首个实行负利率的国家。日本央行表示,可能进一步调降利率。另外,会进行货币市场操作,以每年80万亿日元的速度扩大基础货币。在日本央行宽松政策出台后,日元存在贬值风险,美元、黄金、白银的避险地位有所抬升。面对全球经济困境,中国、欧元区、新兴市场国家扩大宽松的概率有所提升,推升金价走强。   彭博统计的全球黄金ETF持仓数据显示,1月以来黄金ETF持仓增加50吨。全球最大的黄金上市交易基金SPDR Gold Trust的黄金持仓量增至660.3吨,刷新两个月新高。黄金ETF持仓量的持续增长显示出黄金投资需求出现改善迹象。空头回补导致黄金期货净多头头寸大幅增加。截至1月底,CFTC黄金期货非商业净多头头寸规模累计增加近40000手,月度增幅超过210%。因此,从目前国际黄金期货多头头寸变化看,空头的平仓回补是推升金价的主要力量。   明富金融研究所认为,近期美国经济数据整体疲软,尤其是制造业萎缩,通胀数据维持低位,市场普遍预期美联储将放缓加息进程,打压美元指数,推升金价走强。1月大量资金流入黄金市场,黄金投资需求出现改善迹象,下周金价有望震荡走强。技术上看,日线图均线系统维持多头排列,已形成一条震荡上行的通道,投资者可把握逢低做多机会。本周白银价格维持震荡,但上行趋势良好。日线图MACD指标快慢线在零轴上方走平,红色动能柱减弱,白银上行动力有所减弱。明富金融研究所认为,白银处于重要支撑位之上,后市有望延续震荡上行,投资者可把握逢低做多机会。 进入【新浪财经股吧】讨论相关的主题文章: