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Gold Spot

Gold prices hovering below a near five-month peak hit the previous session, as U.S. Treasury yields pulled back, while investors awaited key economic data this week that will shed light on the outlook for inflation.

Technical Resistance: 1916/1925

Technical support: 1895/1882

Market headlines:

  • Amid hiring troubles, rising prices, U.S. growth gains speed -Fed
  • Fed says it will start unwinding its corporate bond holdings
  • Japan’s service sector shrinks for 16th month as health crisis hits demand -PMI
  • USDMYR traded at 4.1208

Economic data:

  • 3 June 2021 Malaysia time 09:45am – China Caixin Services PMI (May)
  • 3 June 2021 Malaysia time 04:30pm – United Kingdom Composite and Services PMI (May)
  • 3 June 2021 Malaysia time 08:15pm – United States ADP Nonfarm Employment Change (May)
  • 3 June 2021 Malaysia time 08:30pm – United States Initial Jobless Claims
  • 3 June 2021 Malaysia time 10:00pm – United States ISM Non-Manufacturing PMI (May)
  • 3 June 2021 Malaysia time 11:00pm – United States Crude Oil Inventories

 

Amid hiring troubles, rising prices, U.S. growth gains speed -Fed

The U.S. economic recovery accelerated in recent weeks even as a long list of supply chain troubles, hiring difficulties, and rising prices cascaded through the country, noting the positive effects of increased vaccination rates and relaxed social distancing measures, said Federal Reserve. The United States this year is expected to register the strongest annual growth in gross domestic product since the early 1980s, yet hiring in April was tepid, a May jobs report to be released on Friday may not be much better, and there are concerns inflation may be on the horizon.

Fed says it will start unwinding its corporate bond holdings

The Federal Reserve will begin to unwind the corporate bond holdings it acquired last year through an emergency lending facility launched to calm credit markets at the height of the pandemic. The central bank, as part of its monetary policy, is also accumulating $120 billion a month in government securities and will have to decide when to start scaling that back. The Fed said it intends to sell the full portfolio by the end of the year. It will start by selling its ETFs soon and then begin offloading its corporate bond holdings later in the summer.

Japan’s service sector shrinks for 16th month as health crisis hits demand -PMI

Japan’s services sector activity contracted for the 16th consecutive month in May as an extension of coronavirus emergency curbs at home and stricter restrictions in key Asian markets due to a resurgence of COVID-19 cases hit demand. The decline in the services industry dragged overall private-sector activity into contraction, and suggested measures to halt a rise in coronavirus infections were hampering the country’s economic recovery.

Source: Bloomberg, Investing.com, Reuters, CNBC

 

 

黄金现货

由于美国国债收益率回落,黄金价格在前一交易日触及的近五个月高点下方徘徊,而投资者等待本周将揭示通胀前景的关键经济数据。

技术阻力:1916/1925

技术支持 :1895/1882

主要头条:

  • 在招聘困难、物价上涨的情况下,美国经济依然增长加快——美联储
  • 美联储表示将开始清空其公司债券持有量
  • 日本服务业连续第 16 个月萎缩-PMI
  • 美元兑马币交易 RM 4.1208

 

经济数据:

  • 2021年6月 3日,马来西亚时间 09:45 am – 中国财新服务业采购经理人指数(5月)
  • 2021年6月 3日,马来西亚时间 04:30 pm – 英国综合和服务业采购经理人指数(5 月)
  • 2021年6月 3日,马来西亚时间 08:15 pm – 美国 ADP 非农就业变化(5 月)
  • 2021年6月 3日,马来西亚时间 08:30 pm – 美国首次申请失业救济人数
  • 2021年6月 3日,马来西亚时间 10:00 pm – 美国 ISM 非制造业采购经理人指数(5 月)
  • 2021年6月 3日,马来西亚时间 11:00 pm – 美国原油库存

 

在招聘困难、物价上涨的情况下,美国经济依然增长加快——美联储

美联储表示,尽管一长串供应链问题、招聘困难和价格上涨在全国蔓延,但最近几周美国经济依然复苏加速,并指出疫苗接种率增加和社会疏远措施放松的积极影响。预计今年美国将录得自 1980 年代初以来最强劲的国内生产总值年度增长,但 4 月份的招聘不温不火,周五发布的 5 月份就业报告可能不会好到哪里去,人们担心通胀可能在地平线上。

美联储表示将开始清空其公司债券持有量

美联储将通过一项紧急贷款工具开始清空其去年获得的公司债券持有量,该工具旨在在大流行高峰期平息信贷市场。作为其货币政策的一部分,央行每月还积累 1200 亿美元的政府证券,并将不得不决定何时开始缩减规模。美联储表示,它打算在年底前出售全部投资组合。它将很快开始出售其 ETF,然后在夏季晚些时候开始出售其持有的公司债券。

日本服务业连续第 16 个月萎缩-PMI

日本的服务业活动在 5 月份连续第 16 个月收缩,原因是国内冠状病毒紧急遏制措施的延长以及由于 COVID-19 病例的卷土重来打击了需求而对主要亚洲市场实施了更严格的限制。服务业的下滑拖累了整个私营部门的活动收缩,阻止冠状病毒感染上升的措施阻碍了该国的经济复苏。

资料来源: Bloomberg, Investing.com, Reuters, CNBC