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Gold Price Shouldn’t be Excessively Bearish

Gold Price Shouldn’t be Excessively BearishIndependent Analyst: Zhen QuanxiOn Monday, the price of gold continued to fall, and the bottom point was difference about $75 ounces from the recent high point at last week. If the analysis of the graphic technology has been obviously shown double top fell, the Candlestick chart language is pointing to the market for short-selling operation.However,...

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State Administration of Foreign Exchange had removed the QFII & RQFII investment quota and it will benefit Hang Seng Index HK50

State Administration of Foreign Exchange had removed the QFII & RQFII investment quota and it will benefit Hang Seng Index HK50Independent analyst: Zhen QuanxiThe biggest highlight of the global financial market on Tuesday was decision of the State Administration of Foreign Exchange to remove the Qualified Foreign Institutional Investor (QFII) and the Renminbi Qualified Foreign...

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EURGBP may suffer retaliatory decline

EURGBP may suffer retaliatory declineIndependent analyst: Zhen QuanxiThe market has no doubts about the decision of the European Central Bank to cut interest rates and increase quantitative easing to save the economy, and it is also mentally prepared for the fall of the euro.On the other hand, the British Prime Minister Johnson is gradually losing control of the situation. The rebel...

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Yen appreciation appears when hedging is needed. Paying attention to USDJPY and seeking rebound short

Yen appreciation appears when hedging is needed. Paying attention to USDJPY and seeking rebound shortIndependent analyst: Zhen QuanXi On September 6th, China, as the world's second economy country,  she was stretching her muscle before the fourth quarter interest rate cut (Reduction - lowering the deposit reserve ratio of commercial banks), which is equivalent to the market...

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The trend of euro is negative before the European Central Bank’s interest rate decision on Thursday

The trend of euro is negative before the European Central Bank’s interest rate decision on ThursdayIndependent analyst: Zhen QuanXiThe non-farm payrolls released last Friday showed that the US employment situation in August was less than expected, but the average hourly earnings was positive. After that, Fed Chairman Powell stated the Fed is not forecasting a US recession, and this remark...

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