On Wednesday (October 26), the US dollar index fell below the 110 mark for the first time since September 20, closing down 1.073% at 109.7. Non-US currencies rebounded sharply, and the euro against the US dollar returned to parity for the first time since September 20; the US dollar fell more than 1% against the yen on the day, the New Zealand dollar rose 2% against the US dollar, and the Australian dollar rose more than 1.8% against the US dollar.

📝 Review:The dollar fell more than 1 percent against a basket of currencies on Wednesday, its lowest since Sept. 20, as weak economic data reinforced the view that the Federal Reserve will slow the pace of interest rate hikes, pushing the euro back above parity against the dollar for the first time in a month.

🕵️ Operation suggestion:go long GBP/USD at 1.16286, target price 1.18996

Spot gold rose above 1674, up more than $37 from the daily low, and finally closed up 0.72% at $1664.79 per ounce; spot silver closed up 1.61% at $19.64 per ounce.

📝 Review:Gold prices rose to a two-week high on Wednesday as the U.S. dollar and U.S. Treasury yields fell on expectations the U.S. Federal Reserve would curb its aggressive rate hike stance from December. Spot gold rose 0.8% to $1,665.09 an ounce, after hitting its highest intraday level since Oct. 13.

🕵️ Operation suggestion:go short at 1665.19, the target price is 1616.76

Crude oil rose sharply, without fear of a surge in U.S. inventories, WTI crude oil rose above $89/barrel and closed up 3.87% at $89.04/barrel; Brent crude oil stood at $96/barrel and closed up 2.94% at $96.41 /bucket.

📝 Review:Oil prices surged nearly 4 percent on Wednesday, helped by record U.S. crude exports and U.S. refineries running higher than at the same time in previous years. Added support was a weaker U.S. dollar, whose recent strength has been a factor that has clearly capped gains in oil markets.

🕵️ Operation suggestion:go short at 87.698, the target price is 75.831

U.S. stocks opened lower and closed lower, driven by technology giants to collapse market sentiment. Although the Dow and S&P turned up during the session, the Nasdaq was dragged down by technology stocks and failed to reverse the decline. As of the close, the Dow was close to flat, while the Nasdaq and S&P 500 closed down 2.04% and 0.74%, respectively, ending their three-game winning streak. Technology stocks dragged the market down, with Alphabet and Microsoft closing down 9.14% and 7.76%, respectively.

📝 Review:The S&P 500 ended lower on Wednesday, snapping a three-day winning streak, as gloomy corporate forecasts fueled fears of a global economic slowdown.

🕵️ Operation suggestion:short the Nasdaq index at 11442.900, the target price is 10857.100