US Dollar Stocks Face Perfect Storm

At the moment, gold is only worth a break from 1200 dollars, so investors should pay close attention to Delaki and the two Fed officials.

In addition, Yellen, chairman of the Federal Reserve on Friday, will take the lead in the market.

Data released by the US Department of Commerce (DOC) on Wednesday (March 25th) showed that the US durable goods orders rate fell unexpectedly by 1.4% in February, with an expected growth of 0.4% and an increase of 2% in the previous value.

At the same time, as a barometer of the future investment of enterprises in the US, the United States deducted 2.4% of the monthly orders for non defense capital goods durable goods in February and fell for the six consecutive month, which prompted analysts to further reduce the US economic growth forecast in the first quarter.

After the release of the data, the US dollar index expanded subsequently, and pushed the gold price to the US dollar integer point of attack, finally refreshed the US $1199.60 / ounce's nearly three week high position.

In addition, the US stock market crashed on Wednesday, and the technology and biotechnology stocks were dragged down. The Nasdaq index recorded the biggest one-day drop in nearly a year, and the S & P 500 index fell through several key supporting positions, and also supported the gold price.

The Wall Street journal commented that the durable goods orders were much less than expected, and the orders for defense and civil aircraft declined considerably. The decline in demand for commodities showed that in the context of the global economic slowdown, American enterprises began to take a wait-and-see attitude towards spending, which further inhibited the export sales of American Enterprises, thereby affecting the growth of GDP.

Due to the modest increase in orders for durable goods orders, Morgan chase lowered the US GDP tracking rate from 2% to 1.5% in the first quarter, while Goldman Sachs downgraded its GDP growth forecast from 2% to 1.8% in the first quarter, and Barclays lowered its GDP growth forecast from 1.3% to 1.2% in the first quarter.

What's more, according to the Atlanta fed model, the US economy is expected to grow by only 0.3% in the first quarter, much lower than 2.2% in the fourth quarter of last year.

In addition, Chicago Fed chairman Evans's speech on Wednesday also hit the dollar long. He was worried that the "obvious inflation slowdown pressure" caused by the strong dollar could be deeply embedded in inflation expectations.

At the same time, he said it would make it harder for the fed to achieve its 2% inflation target, and called it "no convincing reason" to rush to raise interest rates.

He called for a delay in raising interest rates in the first half of next year.

At the moment, the international gold price has been grinding at the $1200 mark, and the last two trading days may be the key to its breakthrough.

There are not many economic data that can affect the market on Thursday (March 26th). We can pay attention to the jobless claims in the United States last week and the Kansas Federal Reserve manufacturing index in March.

However, within days, it is a concentrated area of central bank officials' propaganda. Apart from the two Fed officials Brad and Lockhart's speech on monetary policy, the European central bank governor Delaki will also speak for the euro zone's monetary policy.

On Wednesday (March 25th), the New York Times quoted an exclusive interview with Dennis Lockhart, chairman of the Atlanta Federal Reserve, saying that he expected to vote for raising interest rates at the end of September at the latest.

He said it was not "100% sure" that the Federal Reserve would raise interest rates in June, July or September, but I think it is quite possible, probably this year.

At the same time, Friday (March 27th) is even more explosive. In addition to the four quarter's actual GDP value and consumer confidence data, the Federal Reserve Chairman Yellen (Jannet Yellen) will also make a statement on the issue of monetary policy at the meeting of the "new normal monetary policy" meeting of the San Francisco fed, which will become the finale of this week.

In addition, next week, the United States will release non-agricultural data in March, but Goldman Sachs has warned that the non-agricultural data in March will probably cool down.

In the past year, the US job market has been improving continuously, and the low inflation has always been a big weakness in the US economy.

David Mericle, Goldman Sachs economist, said: "in the past six months, the average employment growth rate has reached 293 thousand, and has not been less than 200 thousand since last February.

But this performance seems to be more "abnormal".

In a report to clients on Tuesday (March 24th), Mericle wrote that he expects employment growth to slow slightly down to less than 200 thousand a month until 2016.

Greece on Wednesday (March 25th) requested the euro zone rescue fund to refund its cash quickly to help avoid possible bankruptcies next month, but without success, Athens has seen a sharp rise in pressure, requiring a convincing reform plan in a few days.

Before the Greek government asked the European financial stability Agency (EFSF) to return 1 billion 200 million euros (1 billion 320 million US dollars) to Greece, which was paid much more when it returned to the bank's capital restructuring bonds to EFSF this month.

However, senior officials in the euro zone agreed on Wednesday's conference call that Greece was not legally eligible for the money, but they said they would consider how to resolve the matter in the future.

The decision of the Eurogroup Working Group has frustrated Greek Prime Minister Tsipras, who is trying to get new funds to keep the government from bankruptcy, and to take a comprehensive reform plan and win debt relief.

Speaking to Reuters on Tuesday, a source familiar with Greece's financial situation said Greece would run out of funds in April 20th if it could not get new loans.

EU president Kim is one of the countries that oppose the return of 1 billion 200 million euros to Greece.

After weeks of war between Greece and Germany, Greek Prime Minister Tsipras visited Germany this week to restore relations.

Germany has made it clear that although the Greek Prime Minister Tsipras has improved relations with German Chancellor Merkel, Germany's basic position has not softened.

Soros, a well-known financial predator (George Soros), believes that the probability of Greece's withdrawal from the euro area is 50%, and that the country's economy is likely to go from bad to worse.