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Market News The US Index Regained the 105 Mark, Spot Sold Plummeted by Nearly $30
Markets News
The US Index Regained the 105 Mark, Spot Sold Plummeted by Nearly $30
TOPONE Markets Analyst2022-12-06 09:30:00
Hot spot tracking
- Russia says two military airports attacked by Ukrainian drones
- Tanker jammed near Turkey
- U.S. ISM non-manufacturing PMI unexpectedly rises
Product Hot Comment
ForexAs of 08:00 (GMT+8), the U.S. dollar index rose 0.708% to 105.25, EUR/USD rose 0.113% to 1.04972; GBP/USD rose 0.125% to 1.21901; AUD/USD rose 0.063% to 0.67035; /JPY rose 0.047% to 136.702.📝 Review:The U.S. dollar rose on Monday, better than expected economic data increased the possibility of the Fed raising interest rates, the U.S. ISM non-manufacturing PMI rose to 56.5 in November (market expectations were 53.5), and the business activity index rose to 64.7 from 55.7, all of which are reminders People, the Fed's job isn't done, especially as marginal inflationary pressures are likely to come from the services sector (or more accurately, the sector where inflationary pressures are the slowest to recede right now is the services sector).🕵️ Operation suggestion: short EUR/USD at 1.04971, target price 1.04653
GoldAs of 08:00 (GMT+8), spot gold rose 0.008% to $1768.63/oz, while spot silver fell 0.004% to $22.229/oz.📝 Review:Gold fell back from a nearly five-month high on Monday, down nearly 2%. The U.S. ISM non-manufacturing PMI rose to 56.5 in November. The Fed still has a long way to go on the road to tightening the interest rate hike cycle. The market still believes that the Fed will not cut interest rates in 2023 .🕵️ Operation suggestion:go long at 1768.82, the target price is 1773.94
Crude OilAs of 08:00 (GMT+8), WTI rose 0.068% to $77.464/barrel; Brent fell 3.207% to $83.021/barrel.📝 Review:Oil prices fell by more than 3% on Monday. The ISM non-manufacturing PMI in the United States was better than expected in November, increasing the Fed's interest rate hike expectations. The dollar strengthened, dragging down oil prices. In addition, Saudi Arabia lowered the price of most of its oil sales to Asia in January to a premium $3.25/barrel.🕵️ Operation suggestion:short at 77.495, the target price is 76.947
IndiceAs of 08:00 (GMT+8), the Nasdaq index rose 0.262% to 11808.000 points; the Dow Jones index rose 0.115% to 33987.9 points; the S&P 500 index rose 0.185% to 4004.900 points.📝 Review:Major U.S. stock indexes plummeted across the board, and the latest service sector data was unexpectedly strong. Investors worried that the Federal Reserve may continue to tighten policy until it pushes the economy into recession. Overwhelmed by growth concerns, heavyweight technology stocks such as Microsoft, Apple, Amazon, and Netflix fell, and Tesla's Chinese factory rumored that it would cut production, the stock price plummeted in response, which also brought pressure on US stocks.🕵️ Operation suggestion:Nasdaq index 11808.300 position short, target point 11735.400
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