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Market News Gold Soared to $1,865 at One Point, and oil Fell More Than 9% in Two Days
Markets News
Gold Soared to $1,865 at One Point, and oil Fell More Than 9% in Two Days
TOPONE Markets Analyst2023-01-05 09:30:00
Hot spot tracking
- Fed December meeting minutes: Inflation risks remain key to policy outlook
- Ukrainian official: Ukraine plans to launch a large-scale offensive in the spring
- EU official: Europe's energy supply may be seriously insufficient in 2023
Product Hot Comment
ForexEUR/USD rose 0.035% yesterday to 1.06065; GBP/USD rose 0.024% yesterday to 1.20554; AUD/USD fell 0.121% yesterday to 0.68310; USD/JPY fell 0.281% yesterday to 132.241; GBP/CAD rose 0.068% yesterday to 1.62558; NZD/CAD fell 0.093% yesterday to 0.84730.📝 Review:The dollar fell on Wednesday after minutes from the Federal Reserve's December meeting offered no surprises or new information on the size of an expected rate hike in February. The Federal Reserve raised interest rates by 50 basis points last month, and Fed officials agreed to slow the pace of rate hikes, which will allow them to continue to increase the cost of credit and control inflation in a gradual approach aimed at limiting risks to economic growth.🕵️ Operation suggestion:go short USD/JPY 132.269, target price 130.524.
GoldSpot gold fell 0.009% yesterday to $1854.15/oz; Spot silver rose 0.240% yesterday to $23.782/oz.📝 Review:Gold prices extended gains on Wednesday, hitting their highest level since mid-June, helped by a retreat in the dollar and U.S. Treasury yields.🕵️ Operation suggestion:go long at 1854.28,the target price is 1863.95.
Crude OilWTI crude oil rose 0.271% yesterday to $73.511/barrel; Brent crude oil fell 5.184% yesterday to $78.033/barrel.📝 Review:Oil prices fell more than $4 a barrel on Wednesday, with Brent suffering its biggest two-day percentage drop since 1991 in the first two sessions of the year, weighed down by demand concerns related to the global economy.🕵️ Operation suggestion:go short at 73.531, the target price is 71.217.
IndiceThe Nasdaq index rose 0.076% yesterday to 10911.000 points; The Dow Jones index fell 0.051% yesterday to 33227.8 points; The S&P 500 rose 0.010% yesterday to 3849.600.📝 Review:U.S. stocks closed on Wednesday, and the minutes of the Federal Reserve meeting showed that no policy makers expected the Fed to cut interest rates in 2023. After the intraday dive, U.S. stocks still closed near the intraday high in late trading.🕵️ Operation suggestion:go short Nasdaq index 10907.100, target price 10767.200
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