Foreign Exchange Sky Eye APP News: Today, April 1, worries about the epidemic are still lingering in the financial market. Investors are worried that the epidemic will severely damage the economy. The Reserve Bank of Australia predicts that the Australian economy will face a very

Foreign Exchange Sky Eye APP News: Today, April 1 (Wednesday), concerns about the epidemic are still lingering in the financial market. Investors are worried that the epidemic will severely damage the economy. The Reserve Bank of Australia predicts that the Australian economy will face a very significant contraction. The US dollar index trembled slightly at 99.00. level, the euro narrowly fluctuated in the 1.100-1.1040 range, the pound encountered resistance at 1.2450 and fell back to below 1.2400, the Australian dollar fell to 0.6100, the US dollar/Japanese yen fell to 107.40, the US dollar/Canadian dollar stopped falling and rebounded to 1.4126, international gold rose slightly to 1587, U.S. crude oil dropped to explore 20.00 again. Pay attention to the US ADP employment data in the evening.

[ stock market closing]

Taiwan stocks: China Taiwan Weighted Index closed down 44.43 points, or 0.46%, on April 1 (Wednesday), at 9663.63 points.

Australian stocks: Australia's ASX200 index closed up 181.80 points, or 3.58%, on April 1 (Wednesday), at 5258.60 points.

Japanese stocks: The Nikkei 225 Index closed down 839.51 points, or 4.44%, on April 1 (Wednesday), at 18077.50 points.

Korean stocks: South Korea’s KOSPI index closed down 69.27 points, or 3.95%, on April 1 (Wednesday), at 1685.37 points.

A shares: China's Shanghai Composite Index closed down 15.77 points, or 0.57%, at 2734.52 points on April 1 (Wednesday); China's Shenzhen Composite Index closed down 10.47 points, or 0.11%, on April 1 (Wednesday). , reported at 9951.84 points; China's GEM Index closed down 7.12 points on April 1 (Wednesday), or 0.38%, at 1864.80 points.

Hong Kong stocks: The Hang Seng Index in Hong Kong, China, fell 581.900 points, or 2.47%, to 23021.580 points before the release of the article on April 1 (Wednesday).

[Financial News]

html On March 31, the State Council executive meeting once again clarified fiscal and monetary policies. The meeting decided to strengthen inclusive financial support for small, medium and micro enterprises. The re-loan and rediscount quota for small and medium-sized banks will be increased by 1 trillion yuan, and targeted reserve requirement ratio cuts will be further implemented for small and medium-sized banks. The news boosted the stock indexes of the two cities in early trading, and then quickly rose higher driven by new energy vehicles and chip concepts. Near midday, the stock index reached an intraday high. Then in the afternoon, as foreign stock markets fell, the stock indexes of the two cities fell significantly, erasing the early gains. Funds entered gold stocks in late trading, and the sector moved abnormally.

During the Asian market on Wednesday (April 1), the Reserve Bank of Australia released the minutes of the unscheduled monetary policy meeting on March 18. The Reserve Bank of Australia first affirmed that monetary policy and fiscal policy play an important role. In addition, the Reserve Bank of Australia also predicts that most countries will face economic contraction, and Australia's economy is expected to face a very significant contraction. The near-term outlook for Australia and the global economy is highly uncertain. The bond market has shown signs of dysfunction, and many investors are looking to clean up their portfolios. The contraction in economic activity is likely to spread into the second quarter and beyond, with the extent of the fall in activity depending on the extent of the impact of "social distancing" measures on demand and potential lockdowns to contain the outbreak. The Reserve Bank of Australia said that after the epidemic is brought under control, the economy is expected to recover for a period of time, but the specific time has not yet been determined.

The U.S. Federal Reserve announced on the 31st that it will establish a temporary repurchase agreement arrangement for foreign central banks and other international monetary authorities to help support the smooth operation of the U.S. Treasury market and ease the pressure on the global dollar financing market. The Federal Reserve issued a statement on the same day saying that this arrangement will allow foreign central banks and other international monetary authorities with accounts at the Federal Reserve Bank of New York to enter into repurchase agreements with the Federal Reserve, allowing them to exchange their holdings of U.S. Treasury bonds from the Federal Reserve for U.S. dollars, providing them to For use by agencies within their respective jurisdictions. The Federal Reserve will provide the above-mentioned temporary repurchase agreement starting on April 6 and last for at least 6 months.

As of press time, Bitcoin was trading at $6,316, a 24-hour drop of 2.12%. Ethereum was trading at $132.35, with a 24-hour increase of 0.20%. Ripple was trading at $0.1731, with a 24-hour increase of 0.31%. Litecoin was trading at $38.616, down 0.17% in 24 hours.

[Foreign exchange market]

In terms of the U.S. dollar, the U.S. dollar index in Asia today fluctuated within a narrow range at the 99.00 mark. Previously, the Federal Reserve launched a temporary repurchase mechanism to continue to release liquidity, and the dollar fell. As the downward pressure on the economy increases, more stimulus measures are expected to be introduced. Wells Fargo predicts that U.S. debt will increase by $2.8 trillion in 2020, nearly three times the previous year's growth rate, which will weaken the appeal of the dollar. In addition to the US manufacturing PMI data, the US ADP employment data will be watched during the day.

[Commodity Market]

Gold In terms of gold, international spot gold rebounded slightly in Asia today by more than 10 US dollars to 1587 levels. The trend of the US dollar limited the increase in gold prices. However, the Federal Reserve launched a temporary repurchase mechanism to continue to release liquidity, and the US dollar may continue to fall in the future. , favorable for gold prices. At the same time, more and more data show that the U.S. economy has fallen into recession, and analysts believe that gold will still be sought after. Gold ETFs data on April 1 showed that as of March 31, the gold holdings of SPDR Gold Trust, the world's largest gold ETF, were 967 tons, an increase of 2.64 tons from the previous trading day.

In terms of crude oil , US crude oil prices in Asia today will explore the 20.00 level again. Concerns about the epidemic combined with the lingering crude oil price war have suppressed oil prices. In addition, API crude oil and gasoline inventory data unexpectedly increased, breaking through and forcing oil prices to test the $20 mark again. The United States has not made progress in mediating the price war between , Saudi Arabia, and Russia. Saudi Arabia's output has increased significantly in March. However, OPEC+’s production in March is still in line with the production reduction agreement. The pressure on the oil market is still huge in the future.

Wells Fargo predicts that U.S. debt will increase by $2.8 trillion in 2020, nearly three times the previous year's growth rate, which will weaken the appeal of the dollar. In addition to the US manufacturing PMI data, the US ADP employment data will be watched during the day.

[Commodity Market]

Gold In terms of gold, international spot gold rebounded slightly in Asia today by more than 10 US dollars to 1587 levels. The trend of the US dollar limited the increase in gold prices. However, the Federal Reserve launched a temporary repurchase mechanism to continue to release liquidity, and the US dollar may continue to fall in the future. , favorable for gold prices. At the same time, more and more data show that the U.S. economy has fallen into recession, and analysts believe that gold will still be sought after. Gold ETFs data on April 1 showed that as of March 31, the gold holdings of SPDR Gold Trust, the world's largest gold ETF, were 967 tons, an increase of 2.64 tons from the previous trading day.

In terms of crude oil , US crude oil prices in Asia today will explore the 20.00 level again. Concerns about the epidemic combined with the lingering crude oil price war have suppressed oil prices. In addition, API crude oil and gasoline inventory data unexpectedly increased, breaking through and forcing oil prices to test the $20 mark again. The United States has not made progress in mediating the price war between , Saudi Arabia, and Russia. Saudi Arabia's output has increased significantly in March. However, OPEC+’s production in March is still in line with the production reduction agreement. The pressure on the oil market is still huge in the future.