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Market News Gold off Recent lows as Concerns Mount Over Global Economic Outlook
Markets News
Gold off Recent lows as Concerns Mount Over Global Economic Outlook
TOPONE Markets Analyst2022-11-23 09:30:00
Hot spot tracking
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Product Hot Comment
ForexThe U.S. dollar retreated on Tuesday, with the U.S. dollar index trading around 107.16, giving back some of the gains made in the previous session, as investors boosted demand for riskier currencies, with stocks, commodities and riskier currencies mostly firming. Concerns about the outlook for the global economy have grown.📝 Review:The dollar retreated across the board on Tuesday, giving back some of the previous session's gains, as investors boosted demand for riskier currencies. Stocks, commodities and riskier currencies mostly strengthened on Tuesday, amid growing concerns about the global economic outlook.🕵️ Operation suggestion:go short EUR/USD 1.03058, target price 1.02184
GoldU.S. gold futures settled little changed at $1,739.9 an ounce.📝 Review:Gold held above the lows hit in the previous session on Tuesday, with a retreat in the dollar and benchmark U.S. Treasury yields largely offsetting gains in equities as investors awaited clues about the Fed's monetary policy path.🕵️ Operation suggestion:go short at 1740.75, the target price is 1731.02.
Crude OilBrent crude futures rose 1% to settle at $88.36 a barrel. U.S. crude futures rose 1.14 percent to settle at $80.95 a barrel.📝 Review:Oil prices rose about 1% on Tuesday after Saudi Arabia, the world's top oil exporter, said OPEC+ was sticking with output cuts and could take further steps to balance the market. However, oil prices pared gains late in the session after reports that the European Union delayed the full implementation of plans to impose a price cap on Russian oil exports and softened key shipping terms, watering down its latest sanctions proposals.🕵️ Operation suggestion:US crude oil 81.228 position short, target point 77.588
IndiceThe Dow Jones Industrial Average rose 1.18% to 34098.1 points; the S&P 500 rose 1.36% to 4003.58 points; the Nasdaq rose 1.36% to 11174.41 points.📝 Review:U.S. stocks rebounded on Tuesday, with the S&P 500 closing at its highest level in 2-1/2 months, as Best Buy's sales forecast dispelled concerns that high inflation would lead to a dismal holiday shopping season, while a rebound in oil prices helped lift energy stocks.🕵️ Operation suggestion:go short Nasdaq index 11713.500, target price 11500.400
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