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Market News G7 Considers Setting A Price Cap on Russian Oil, Oil Prices Fall More Than 4%
Markets News
G7 Considers Setting A Price Cap on Russian Oil, Oil Prices Fall More Than 4%
TOPONE Markets Analyst
2022-11-24 09:30:58

Hot spot tracking

  • Fed economist sees 50% chance of U.S. recession next year
  • The official website of the European Parliament was attacked and was once paralyzed and could not be displayed
  • EU countries advance 43 billion euro funding plan, aiming to become a global semiconductor center

Product Hot Comment

  • Forex
    In early Asian trading, the U.S. dollar index traded around 106.11; the U.S. dollar fell across the board on Wednesday after the minutes of the Fed’s November meeting showed that most of the Fed’s policymakers agreed that the pace of interest rate hikes should be slowed down soon.
    📝 Review:The dollar fell across the board on Wednesday after minutes from the Federal Reserve's November meeting showed a majority of policymakers agreed that the pace of rate hikes should be slowed soon. At its Nov. 1-2 meeting, the Fed raised its key interest rate by 75 basis points for the fourth time in a row in an effort to tackle inflation at multi-decade highs.
    🕵️ Operation suggestion:long EUR/USD at 1.04134, and the target price is 1.04816
  • Gold
    Gold prices extended their gains, with U.S. gold futures closing up 0.3 percent at $1,745.6.
    📝 Review:Gold prices rose in relief, the Fed meeting minutes showed no hawkish surprises, and almost confirmed that the rate hike in December will be reduced to 50 basis points. Financial markets are convinced that the Fed is tightening too much, so the interpretation of the meeting minutes is dovish. Given that the Fed There were no real surprises in the minutes of policymakers' speeches over the past two weeks.
    🕵️ Operation suggestion:long at 1751.10, the target price is 1758.48
  • Crude Oil
    Brent crude for January fell 3.3% to settle at $85.41 a barrel. U.S. crude fell 3.7% to $77.94 a barrel.
    📝 Review:Oil prices fell more than 4% on Wednesday as the Group of Seven (G7) considered imposing a price cap on Russian oil above current market levels and as U.S. gasoline inventories rose more than analysts expected.
    🕵️ Operation suggestion:short at 77.393, the target price is 75.598
  • Indice
    The Dow Jones Industrial Average rose 0.28% to 34194.06 points; the S&P 500 rose 0.59% to 4027.26 points; the Nasdaq rose 0.99% to close at 11285.32 points.
    📝 Review:Major U.S. stock indexes ended higher on Wednesday after the release of minutes from the Federal Reserve's November meeting suggested that the pace of interest rate hikes may soon be slowed. At their meeting earlier this month, an "overwhelming majority" of policymakers agreed that a slower pace of rate hikes "may soon be appropriate," the minutes showed.
    🕵️ Operation suggestion:long The Nasdaq index is at 11854.500, and the target price is 12036.200

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