Hot spot tracking

  • Russia suspends the implementation of the agreement on the export of agricultural products from the Black Sea ports
  • Russian Ministry of Defense: The British Navy participated in the planning and implementation of the terrorist attack on the "Nord Stream" pipeline
  • The Bank of Japan keeps its super-easy policy unchanged, emphasizing that it will not hesitate to increase if necessary

Product Hot Comment

  • Forex
    On Friday (October 28), the U.S. dollar index failed to recover the 111 mark, closing slightly up 0.09% at 110.69, a two-week losing streak. After the announcement of the Bank of Japan's decision, the yen fell more than 1% during the session, and the dollar exceeded 147 against the yen. GBP/USD first fell and then rose, closing above 1.1610, up 0.4% on the day. The euro failed to regain parity against the dollar, falling below 0.9930 during the session, down nearly 0.4% on the day, and returned to above 0.9960 at the close.
    📝 Review:The U.S. dollar index fluctuated and adjusted last week, and the expectation of the Federal Reserve to slow down the pace of interest rate hikes put pressure on the U.S. dollar to fall. However, risk-off factors such as geopolitical situations have always supported the dollar. In other non-US areas, the European Central Bank's interest rate hike this week supported the euro, and the Bank of England's expectation of a rate hike next week also supported the pound, but worries about a recession in Europe have always put pressure on the euro and the pound.
    🕵️ Operation suggestion:go long GBP/USD at 1.15966, target price 1.17407
  • Gold
    Spot gold fluctuated lower throughout the day, from a daily high of 1667 to a minimum of 1637.91, and closed down 1.11% at $1644.53 per ounce. Spot silver fell below the 19 mark and closed down 1.63% at $19.26 an ounce.
    📝 Review:Spot gold prices fell again this week, but the downside is limited. Although the U.S. GDP returned to growth in the third quarter and the labor market remained strong, the Federal Reserve decided to raise interest rates by 75 basis points for the fourth consecutive time in November.
    🕵️ Operation suggestion:go short at 1644.17, the target price is 1623.10
  • Crude Oil
    Crude oil was under pressure, with WTI crude oil closing down 0.25% at $89.2 a barrel; Brent crude oil closing down 0.55% at $96.42 a barrel.
    📝 Review:Worries about global economic growth and the coronavirus outbreak weighed on crude prices. NYMEX December natural gas futures closed down 3.25% at $5.6840 per million British thermal units, but rose 3.87% last week, ending a nine-week losing streak.
    🕵️ Operation suggestion:go long at 87.656, the target price is 90.476
  • Indice
    Apple stock attracted a large number of buyers. U.S. stocks opened higher and moved higher. The Dow closed up 2.59%, the Nasdaq closed up 2.87%, and the S&P 500 closed up 2.46%. Apple and Intel closed up 7.56% and 10.66%, respectively. Amazon fell 11% at the opening, and its market value fell below $1 trillion at one point. Meta rebounded and still fell more than 20% for the whole week.
    📝 Review:Big tech stocks such as Microsoft, Alphabet, Amazon and Meta Platforms tumbled after earnings last week, wiping a combined $477 billion off their market value. Apple thriving, with both revenue and profit beating expectations.
    🕵️ Operation suggestion:short the Nasdaq index at 11529.500, the target price is 11191.000
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