After a week of adjustment, this cycle refers to a slight stabilization. Tuesday's strong rally led to a leading effect, but on Wednesday the market again looked weak. Closed on Wednesday, the csi 300, Shanghai 50 and has 500 index price - 0.05%, 0.13% and 0.13% respectively, and the corresponding period refers to the contract price that month were 0.13%, 0.21% and 0.13% respectively, liter discount - 17.9, 0.1 and 45.2 respectively. IF the basis difference between IH and IH is not large, IC water is significantly expanded, indicating that investors are more cautious.
OPEC's meeting tomorrow has raised concerns that the deal may not be expected.
Spot gold three (November 29) fell to negative area, the city lowest intraday dip to $1282.18 an ounce, gold short-term platform diving, has dropped below 1290 mark, further test average of one hundred days, but rebounded after bottoming out. Days out of the U.S. in the third quarter GDP revised is very strong, and growth of 3.3%, higher than the 3.0% expected, hit a new high since the third quarter of 2014, and this is the first time since 2014 for two consecutive quarter of growth above 3%. This shows that the us economy is growing strongly and has absorbed the damage caused by the hurricane. Federal reserve chair janet yellen testified before congress on Wednesday that the U.S. economy would continue to expand, and that the fed believes the path of incremental rate hikes is appropriate; There is no need to adjust the scale of the contraction, which is expected to rise to 2 per cent in the next year or two. Ms yellen's testimony further put pressure on gold.
The dollar index fell after a brief binge, but the dollar's bulls were still weak, despite the three positive fundamentals. Analysts say the flattening of U.S. Treasury yields is sending a clear signal to sell dollars. The dollar's bullish sentiment has been weighed down by uncertainty over the U.S. congress's push for tax reform.
Crude oil futures fell on Tuesday, as uncertainty over the outcome of the OPEC meeting this week weighed on oil prices, which will discuss whether to extend a deal to support oil prices.
On Friday, the euro was stronger than the rest of the G7 currencies, having climbed from 1.1850 to 1.1943, up 93 points, ending at 1.1929. While the U.S. market has been thin due to the Thanksgiving holiday, analysts say the dollar bears are still mulling the next attack. If investors believe that the dollar will depreciate, the quickest and easiest way to make a profit is to do the euro, as the euro accounts for more than 50 per cent of the basket of currencies in the dollar index.
Gold is healthy and healthy at the end of the year and early 2018 to $1,300. Factors underpinning the gold rally include a pullback in the dollar, consolidation in U.S. stocks and political and fiscal instability in the United States, as well as other European political turmoil. The next repair and consolidation of gold is also orderly.
On November 1, the federal reserve released as soon as possible the meeting record to determine its still keep raising interest rates in December, and identify the good momentum of economic development at the same time, expressed in financial markets "imbalance" lead to the concerns of the possibility of rapid retreat in asset prices. In after the release conference contents to carry on dollar, the dollar index yesterday fell 0.73% to 93.16. Other currency and commodity prices generally higher, the euro rose against the dollar, 83 points to 1.1822, the dollar against the yen fell 122 points to 111.22, gold soared to $11, 1292.18. And the outside by the fall in the dollar and U.S. crude oil inventories of crude oil to reduce influence rallied, American WTI crude oil prices rose 2.1% to $58.02 a barrel.