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Market News This Week, Focus On The Interest Rate Decisions of the Two Major Central Banks
Markets News
This Week, Focus On The Interest Rate Decisions of the Two Major Central Banks
TOPONE Markets Analyst2022-12-05 19:30:00
Hot spot tracking
- U.S. Democrats plan to revise party primaries schedule for 2024 presidential election
- In the first 11 months, the Tarim Oilfield completed an oil and gas production equivalent of 30.16 million tons
- Macron expresses his position on the power supply problem in France in winter, calling on the public not to panic
Product Hot Comment
ForexAs of 17:00 (GMT+8), the U.S. dollar index fell 0.000% to 104.51, EUR/USD rose 0.171% to 1.05511; GBP/USD rose 0.015% to 1.22836; AUD/USD rose 0.031% to 0.68075; /JPY rose 0.727% to 135.283.📝 Review:On the European side, European Central Bank Governing Council member Negel said that exiting the asset purchase program is the best option for quantitative tightening; the market has enough flexibility to deal with quantitative tightening, and quantitative tightening should start in the first quarter of 2023.🕵️ Operation suggestion:long EUR/USD at 1.05489, with a target price 1.05609.
GoldAs of 17:00 (GMT+8), spot gold fell 0.018% to $1797.14/oz, and spot silver rose 0.567% to $22.986/oz.📝 Review:The international gold price hit a new high since early July to 1809.85 US dollars per ounce, facing technical resistance near 1810 US dollars. Despite strong U.S. jobs data, markets still expect the Federal Reserve to slow down its pace of rate hikes in order to achieve a soft landing for the economy. Gold prices were also supported by the LBMA's efforts to close loopholes in sanctions against Russia, which blocked more gold bar transactions.🕵️ Operation suggestion:go short at 1797.49, and the target price is 1793.69.
Crude OilAs of 17:00 (GMT+8), WTI rose 1.159% to $81.076/barrel; Brent rose 0.985% to $86.530/barrel.📝 Review:International oil prices edged higher as the Organization of the Petroleum Exporting Countries and its partners (OPEC+) kept production targets unchanged ahead of the EU ban and Russia's crude price cap policy. However, the outlook for oil prices remains bearish due to the weak economic outlook and the possible inefficiency of implementing the price cap policy.🕵️ Operation suggestion:go short at 80.926, target price 80.584.
IndiceAs of 17:00 (GMT+8), Taiwan's weighted index rose 0.060% to 14915.1 points; the Nikkei 225 index rose 0.523% to 27847.5 points; Hong Kong's Hang Seng Index rose 1.830% to 19470.0 points; Australia's S&P/ASX200 index Up 0.106% to 7336.45 points.📝 Review:Taiwan stocks opened higher, and once rushed to 15,088 points in the intraday session. In late trading, TSMC fell 3.5 yuan, and the final increase converged, closing up 10.06 points, closing at 14,980.74 points, with a transaction value of NT$240.681 billion. Except for TSMC, high-value stocks including MediaTek (2454), Hon Hai (2317) and Largan (3008) all returned to flat in late trading.🕵️ Operation suggestion:short The Taiwan weighted index at 14917.1, and the target point is 14894.0.
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