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Gold Spot

Gold came within a hair’s breadth of touching $1,800 an ounce on Wednesday as longs in the yellow metal made their most serious attempt since February to return to the level key to recapturing last year’s price highs. Gold has returned to an upward trajectory as safe-haven flows return to the precious metal on concerns about new Covid flare-ups in major economies India and Japan and growing risks to the U.S. outlook, while Treasury yields appear anchored.

Technical Resistance: 1800/1810

Technical support: 1783/1775

Market headlines:

  • Dow Snaps 2-Day Losing Streak as Reopening Stocks Back in Demand
  • UK inflation edges up as COVID price hit begins to ease
  • Hedge fund assets hit record $3.8 trillion in first quarter
  • USDMYR traded at 4.1118

Economic data:

  • 22 April 2021 Malaysia time 7:45pm – European Union Deposit Facility Rate (Apr)
  • 22 April 2021 Malaysia time 7:45pm – ECB Marginal Lending Facility
  • 22 April 2021 Malaysia time 7:45pm – ECB Monetary Policy Statement
  • 22 April 2021 Malaysia time 8:30pm – United States Initial Jobless Claims
  • 22 April 2021 Malaysia time 10:00pm – United States Existing Home Sales (Mar)

Dow Snaps 2-Day Losing Streak as Reopening Stocks Back in Demand

The Dow rallied Wednesday, as investors resumed bets on reopening stocks, shrugging off a fresh wave of Covid-19 cases that threatens to slow the global recovery. The reopening trade – bets on stocks set to move higher as the economy reopens were back on trading menu. Cruise line stocks led charge higher despite a new wave of Covid-19 infections sweeping across a number of countries including Japan and India that will likely delay the rebound in travel.

UK inflation edges up as COVID price hit begins to ease

British inflation picked up in March as global oil prices rose and retailers scaled back their COVID-driven discounts, and it is expected to keep climbing as the economy reopens from lockdown. Consumer price inflation rose to 0.7% in March after dipping to just 0.4% in February, slightly below the average forecast of 0.8%. The rate of inflation increased with petrol prices rising and clothes recovering from the falls seen in February.

Hedge fund assets hit record $3.8 trillion in first quarter

Global hedge fund assets rose to more than $3.8 trillion in March 2021, driven by the best first-quarter performance in 21 years and more investors putting cash to work with the industry. The trading environment was dominated not only by the new US presidential administration, new stimulus measures, developments in vaccine administration and new virus variants, but also intense volatility in cryptocurrencies and associated with a surge in interest in out of favor, heavily shorted, deep value equities from retail investors and trading platforms. Each of these, as well as evolving macroeconomic and geopolitical dynamics, represent both a risk and an opportunity for specialized hedge funds actively positioning in these areas.

 

Source: Bloomberg, Investing.com, Reuters, CNBC

 

 

黄金现货

金价周三触及每盎司1,800美元,黄金的多头做出了自2月份以来最高峰的阻力,试图重返重新夺回去年价格高点的关键水平。由于人们担心印度和日本等主要经济体出现的新型冠状病毒爆发以及美国经济前景面临风险增加的忧虑,避险资金流回到贵金属,黄金已回到上行轨道,而美国国债收益率似乎已停滞不前。

技术阻力:1800/1810

技术支持 :1783/1775

主要头条:

  • 道指周三连续两日下跌之后反弹,周期性板块领涨
  • 英国通货膨胀率小幅上升
  • 第一季度对冲基金资产达到创纪录的8万亿美元
  • 美元兑马币交易 RM 4.1108

 

经济数据:

  • 2021年4月22日,马来西亚时间 7:45 pm – 欧盟存款融资利率(4月)
  • 2021年4月22日,马来西亚时间 7:45 pm – 欧洲央行边际贷款机制
  • 2021年4月22日,马来西亚时间 7:45 pm – 欧洲央行货币政策声明
  • 2021年4月22日,马来西亚时间8:30 pm – 美国初请失业金人数
  • 2021年4月22日,马来西亚时间10:00 pm–美国现有房屋销售(3月)

道指周三连续两日下跌之后反弹,周期性板块领涨

道琼斯指数周三上涨,美股第一季财报持续强劲。但在今年美股大涨并迭创新高后,企业财报需要达到更高的标准,才足以推动股市继续上涨。此外,大多数分析师都专注于上市公司给出的未来业绩指引。上周五道指与标普500指数均创历史新高,使二者今年迄今的涨幅都在10%以上。

英国通货膨胀率小幅上升

由于全球油价上涨和零售商缩减,英国的通胀在3月份回升。随着经济因封锁而重新开放,预计英国通胀将继续攀升。消费者物价通胀从2月份的0.4%下降至3月的0.7%,略低于0.8%的平均预期。通货膨胀率随着汽油价格上涨以及从2月份的下跌中恢复过来的衣服而增加。

第一季度对冲基金资产达到创纪录的3.8万亿美元

全球对冲基金资产在2021年3月增至超过3.8万亿美元。交易环境不仅由新任美国总统政府,新的刺激措施,疫苗管理的发展以及新的病毒变体主导,而且加密货币的剧烈波动,严重做空,激增来自散户投资者和交易平台的股票。不断发展的宏观经济和地缘政治动态,都对专业对冲基金积极进驻这些领域既构成风险,也带来了机遇。

 

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