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Market News Dollar Rallies at Start of New Year But Sentiment Weakens
Markets News
Dollar Rallies at Start of New Year But Sentiment Weakens
TOPONE Markets Analyst2023-01-03 09:30:00
Hot spot tracking
- Germany's hot labor market sparks further euro zone rate hikes
- Ministry of Transport: New Year's Day holiday traffic recovery growth
- Petrobras cuts jet fuel prices by 11.6%
Product Hot Comment
ForexEUR/USD rose 0.050% yesterday to 1.06700; GBP/USD rose 0.105% yesterday to 1.20578; AUD/USD fell 0.004% yesterday to 0.68043; USD/JPY rose 0.021% yesterday to 130.823; GBP/CAD rose 0.125% yesterday to 1.63537; NZD/CAD rose 0.146% yesterday to 0.85719.📝 Review:The dollar was flat on its first trading day of the year, with many countries, including the UK and Japan, closed for holidays. The greenback edged higher against a basket of major currencies on Monday, with the dollar index up about 0.16% to around 103.65, temporarily off its previous hit a near six-month low.🕵️ Operation suggestion:short USD/JPY 130.775 , target price 130.026.
GoldSpot gold rose 0.265% yesterday to $1828.19/oz; Spot silver rose 0.573% yesterday to $24.051/oz.📝 Review:Gold has been under pressure from a hawkish Federal Reserve for much of this year. But by the end of the year, it had bounced back a bit and got a lifeline amid expectations that the Federal Reserve might slow down rate hikes.🕵️ Operation suggestion:go long at 1827.91, the target price is 1834.01.
Crude OilWTI crude oil rose 0.052% yesterday to $80.462/barrel; Brent crude oil rose 2.589% yesterday to $85.803/barrel.📝 Review:The Group of Seven (G7) nations and the European Union, which includes Poland, agreed this month to set a price cap of $60 a barrel for Russian seaborne crude. In response, Russian President Vladimir Putin signed a decree on Tuesday banning the supply of crude oil and petroleum products to countries adhering to the price cap for five months from Feb. 1.🕵️ Operation suggestion:go long at 80.433, the target price is 81.158
IndiceThe Nasdaq index rose 0.201% yesterday to 10959.100 points; The Dow Jones index rose 0.249% yesterday to 33219.3 points; The S&P 500 index rose 0.249% yesterday to 3847.300 points; The Taiwan Weighted Index fell 1.219% yesterday to 14019.0 points.📝 Review:In global markets on Monday, as the U.S. and U.K. markets were closed for holidays, European markets took on the heavy responsibility of kicking off the global stock market in 2023. As of Monday's close, most stock indexes in the European market rose by more than 1%.🕵️ Operation suggestion:go short Nasdaq index 10958.800, target price 10773.800
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