FPG：US data falls short of expectations; Gold prices may rebound 1. Former Vice President Pence has testified before a federal grand jury investigating former President Trump and his allies for their alleged attempts to overturn the results of the 2020 U.S. presidential election. The testimony is seen as a significant step in the investigation into Trump, providing a first-hand account of the events leading up to the Capitol Hill riot related to Trump. A federal appeals court denied efforts by Trump's lawyers to prevent Pence from testifying just hours before his testimony. 2. President Biden has declared a national emergency in response to the threat that international drug trafficking poses to U.S. national security, foreign policy, and economy. He has ordered the activation of reserve military personnel to combat drug trafficking and has authorized the Secretary of Defense and the Secretary of Homeland Security with additional powers to deal with the situation. The Army, Navy, Air Force, Marine Corps, Coast Guard, and reserve components are available to be called up if necessary. 3. The U.S. economy is showing signs of a possible recession, with growing concerns over the banking industry's risks and the debt ceiling crisis. The recent significant deterioration of the first-quarter results of First Republic Bank caused the bank's share price to plummet by nearly 50% on April 25. The debt ceiling crisis could result in a long-term economic downturn, and the current political climate could be blamed for the situation. 4. The role of Middle Eastern European countries in the European Union (EU) and the regional order has garnered significant attention recently. Two different views are in conflict, with one arguing that the political ecology of Europe is becoming Middle Eastern Europeanization, while the other claims that the balance of power in the EU is an illusion. Both views have some explanatory power, and the core of the issue lies in the dynamic game between Middle Eastern European countries and the EU amid turbulent changes. 5. Argentina's Economy Minister has announced at a press conference that Argentina will use the Chinese yuan for its imports from China. The value of goods worth $1.04 billion imported from China by Argentina in April will be paid in yuan, and goods worth $790 million imported in May will also be paid in yuan. Many countries, including Brazil, Russia, Saudi Arabia, and France, have announced that they will use the yuan for settlement. Currently, 30 countries worldwide use yuan settlement. China's economy is showing signs of a smooth recovery, which has increased the international credibility of the yuan. The goal of the yuan is not to replace the U.S. dollar but to become an important international currency. To summarize, FPG's guest analysts have shared their views on various topics: - King believes that concerns about the banking industry provide safe-haven support for gold, despite lower-than-expected inflation data. - Dawson expects gold to hit a new historical high after the Federal Reserve pauses interest rate hikes, even if the inflation rate remains high. - Dave thinks that OPEC+ actions are not the only factor affecting crude oil prices, and that the alliance has faced criticism from the IEA and oil-consuming countries. - Yuelin believes that the basic trend for gold is still bullish, and that the US heading towards a recession will prompt the Federal Reserve to ease policy, leading to a permanent upward trend for gold. 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