FPG:Gold jumps and opens low, beware of sharp fluctuations in the market Latest market news: 1. [The Saudi delegation arrived in Yemen and planned to hold ceasefire negotiations with the Houthis] The Saudi Arabian delegation arrived in Sana’a, the capital of Yemen, on the evening of the 8th, and planned to hold ceasefire negotiations with the leaders of the organization. They will meet with senior Houthis official Mehdi Mashat to discuss the renewal of the ceasefire agreement that expires in October 2022. Saudi Arabia released 13 Houthis in custody on the same day in exchange for the Houthis to release a Saudi. A larger-scale prisoner change operation by the warring parties will take place next week. Comments: The long-stagnation peace process in Yemen has made positive progress recently. 2. [U.S. leaked documents show that its intelligence agencies are monitoring allies South Korea: necessary communication will be carried out] Recently, a large number of Pentagon secret documents appearing on social media show that in addition to Russia, U.S. intelligence agencies have also been monitoring South Korea and other allies. In response to this, the Office of the President of South Korea responded on the 9th that it would explore countermeasures with reference to precedents and the situation of other countries. Similar situations have happened many times in the past, but they have not reached the point of fundamentally shaking the relationship between South Korea and the United States, and the alliance between South Korea and the United States is strong. Regarding the report that the South Korean government indirectly provided arms assistance to Ukraine in the monitoring content, the relevant person reiterated that the South Korean government’s position not providing arms assistance to Ukraine remained unchanged. Comments: The number of leaked documents may reach more than 100, and it is estimated that the damage caused by the incident is very large. 3. [Nearly 60% of Australians oppose paying for the “Ocus” agreement through tax increase] Australia’s plan to buy nuclear submarines will cost 368 billion Australian dollars in the next 30 years. Although the Australian government was decisive in announcing the AUKUS submarine plan, it is not clear how Australia will undertake the project of 368 billion Australian dollars in 30 years. Australians are generally confused about how to pay these fees. Few people want to achieve their goals by increasing taxes. The government still has a lot of work to do to convince voters that nuclear-powered submarines are worth the money. Comments: The AUKUS agreement may make Australia lose its national sovereignty and become a subsidiary ally of the United States. 4. [The German people’s Easter parade calls for the resolution of the Ukrainian crisis through peace talks] Thousands of people across Germany participated in the traditional Easter parade on Saturday (8th), opposing Germany’s provision of weapons and arms expansion to Ukraine, and calling for a peaceful negotiation to resolve the Ukrainian crisis. On that day, about 70 cities in Germany held similar activities, including Berlin, Hanover, Bremen, Munich, Cologne, Leipzig and other places, with scales ranging from hundreds to thousands. Comments: The immediate truce and the start of negotiations “it is a better choice than continuing arms exports and escalating the situation.” 5. [South Korean parliamentarians went to Fukushima to investigate against Japan’s nuclear sewage discharge into the sea!] The “Japan Fukushima Nuclear Power Plant Sewage Countermeasure Group” (hereinafter referred to as the Countermeasure Group) of South Korea’s largest opposition party, the Democratic Party, said that during the visit to Japan, it expressed its deep concern about the Fukushima nuclear sewage discharge to the sea. The countermeasures team visited Japan from the 6th to the 8th, asked Japan’s Tokyo Electric Power Company to provide information about nuclear sewage, and went to the vicinity of the nuclear power plant in Fukushima Prefecture to check the pollution situation. It also talked with local councillors, residents and medical personnel. The countermeasures team considered holding a press conference on the 10th to introduce the results of the visit to Japan. Comments: The coast of Fukushima has the strongest ocean current in the world. Once the nuclear wastewater is discharged, it can spread to more than half of the Taiping Ocean within 57 days, and will spread to the global waters within 10 years. 6. [Is Biden in “big trouble”? U.S. Republicans launched a targeted investigation! According to an internal memo recently shared by U.S. Democrats, James Komer, a Republican and chairman of the House Supervisory and Accountability Committee, has quietly issued subpoenas to four major U.S. financial institutions. According to U.S. media, this is part of a Republican-led investigation into financial transactions against the Biden family. Comments: The Republicans of the committee decided to conduct the investigation under the veil of secrecy, which is contrary to the traditional commitment to transparency and raises serious doubts about the integrity of the investigation. FPG special analyst King’s opinion: The U.S. labor market has cooled but still strong, employment growth is in line with expectations, the unemployment rate has dropped slightly, and the month-on-month growth rate of wages is still high. In terms of subdivision, the growth of non-agricultural employment in the United States in March was mainly driven by the growth of leisure and hotel industries, government departments, professional and commercial services, and health care services. However, it should be noted that in the future, liquidity pressure in the banking industry may trigger further tightening of credit, and the demand for employment of enterprises may accelerate the decline. We expect that under the benchmark, the Federal Reserve will stop raising interest rates by 25bps in May. FPG special analyst Dawson’s opinion: OPEC+’s production reduction has put more upward pressure on oil prices. Just as the energy costs of Western economies have begun to decline, it will complicate the efforts of central banks to curb inflation and cause the Federal Reserve to form antagonism with OPEC+. FPG special analyst Dave’s opinion: Ali Shamhani, Secretary of Iran’s Supreme National Security Council, met with Russian President Putin’s Special Assistant Igor Le Viking at the Iranian National Security Council Building and held talks. Levitin said that Russia is ready to invest in many industries such as Iranian steel, oil and petrochemical products. Shamhani said in the meeting that many countries are accelerating the “dedollarization”, which will reduce the dominance and influence of the US dollar in regional and international economic trade and reduce the dominance of the West in the global economy. FPG special analyst Yue Lin’s opinion: Although the unemployment rate is still very low, the Federal Reserve has reason to be optimistic about the labor market. The overall growth rate of employment is slowing down, and the growth of temporary worker services and average working hours are declining, indicating that the demand for labor is weakening. Wage growth continued to slow down in March, with the year-on-year increase in average hourly wages falling to the lowest level since mid-2021. The wage growth rate in the past three months has fallen below 3.5%, which may be sustainable and in line with the (back) 2% inflation target. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex