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J&T Express (01519.HK) rebounded in the afternoon, narrowing its losses to 5.01%; the company responded to the investigation: J&T Express China attaches great importance to this matter, sincerely accepts it, and will resolutely obey and fully cooperate with the relevant authorities in carrying out various investigations in accordance with laws and regulations.On June 11th, J&T Express responded to the State Post Bureaus investigation into the company, stating that J&T Express China attaches great importance to the matter, sincerely accepts, and will resolutely comply with and fully cooperate with the relevant authorities in carrying out all investigations in accordance with laws and regulations. J&T emphasized that safe production is a red line that the company cannot cross. J&T China has deeply reflected on its practices in light of important instructions regarding safe production, and deeply feels that as the brand headquarters, it has fallen short in fulfilling its unified management responsibility for safety assurance for some companies operating under the "J&T Express" trademark, trade name, and waybills. The lessons learned are profound. J&T China sincerely accepts supervision.The yield on Japans 5-year government bonds fell 1.5 basis points to 1.920%.The yield on Japans 40-year government bonds rose 3.0 basis points to 3.765%.June 11th - Analysts at BMO Capital Markets stated that some members of the European Central Banks (ECB) Governing Council may be thinking, "Weve waited long enough. Lets act!" And they will indeed act, meaning they will raise interest rates on June 11th. Since the outbreak of the Iran-Iraq war, several other central banks, such as the Reserve Bank of Australia and the Norwegian central bank, have tightened monetary policy. But the ECB will be the first G7 central bank to do so. The ECB previously stated that the Eurozones inflation rate and monetary policy were "in good shape," but now the situation is quite different. Concerns about the duration of the Iran-Iraq war and the sustainability of a potential peace agreement, and how these factors will affect inflation expectations and wage demand, are prompting the ECB to shift towards a tighter policy. Eurozone inflation has not eased since the last meeting. Adding to the woes, the risk of economic stagnation is increasing. The ECB must proceed cautiously, but the risk of further rate hikes remains, potentially as early as July.

Forecast for the price of gold: Gold Markets Give Up an Early Gain

Daniel Rogers

Jul 13, 2022 10:57

 截屏2022-07-12 下午5.37.37.png

 

Tuesday's trading session saw a little rally in gold prices, but those gains were quickly erased. Given that there have already been a few instances of sellers entering the market, it is more probable than not that the market will continue to drop lower. The $1750 level should continue to generate some noise. In the end, I believe that this market will continue to exhibit a lot of choppy behavior, mostly as a result of how strong the US dollar has been. That will continue to have a significant impact on both the gold markets and other commodity markets.

 

It is expected that the gold will decline and maybe approach the $1700 level if we break below the candle's bottom. The $1700 level has to be closely monitored because, based on all I can tell, a breakdown below it will trigger much more ferocious selling. In the end, I do not think this market has the momentum to change things anytime soon, at least not until we go well beyond the $1800 barrier, and it would almost probably have to do with a significant change in the bond markets.

 

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Considering this chart, it is likely that there will be a lot of commotion going forward, so pay attention to the size of your investment. You don't want to be overexposed in this market because, despite what the next move is, it's probable that we will have excessive noise and danger. This market, in my opinion, continues to experience a lot of harmful noise.


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