Internationally:
1. Goldman Sachs: Still expects the Fed to cut rates twice this year.
2. ING: Continued Middle East conflict poses a downside risk to gold.
3. Fitch: If the oil price shock is short-lived, the Fed may cut rates in June.
4. MUFG: The Fed's policy statement was a neutral adjustment, intended to avoid sending any signals.
5. Spartan Capital: The Fed is very cautious; rate cuts may not occur until the fourth quarter.
6. TD Securities: With the Middle East conflict ongoing, the market is closely watching the three-year dot plot forecast.
7. Saxo Bank: If Kazuo Ueda softens his stance, pressure for intervention will increase.
8. Oxford Economics: Expects the Bank of Japan to postpone its rate hike from June to July.
Domestic:
1. CICC: The Fed has limited room for rate cuts in a "stagflation-like" environment.
2. CITIC Securities: Expects 1-2 rate cuts and 1 reserve requirement ratio cut this year.
3. CITIC Securities: The gold sector is expected to reach new highs.
4. CITIC Securities: After Warsh becomes Chairman of the Federal Reserve, there will be one interest rate cut in the second half of the year.
5. CITIC Securities: A stabilizing and rebounding profit margin is a necessary prerequisite for a continued bull market; the focus should shift from valuation to profit margin.
