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Market News International Oil Prices Recovered More Than 1% Decline, And the Euro Regained Lost Ground
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International Oil Prices Recovered More Than 1% Decline, And the Euro Regained Lost Ground
TOPONE Markets Analyst2022-10-26 19:30:00
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ForexAs of 17:00 (GMT+8), the US dollar index fell 0.713% to 109.96, EUR/USD rose 0.735% to 1.00366; GBP/USD rose 1.059% to 1.15906; AUD/USD rose 1.519% to 0.64936; USD /JPY fell 0.763% to 146.946.📝 Review:According to data released by Eurostat a few days ago, the final value of the euro zone's CPI in September was revised down by 0.1 percentage points from the initial value of 10%, and recorded 9.9%, which is only "one step away" from double digits and is the highest value on record. . Among them, the biggest contribution to the annual inflation rate in the euro area is energy, which has raised inflation by 4.19 percentage points. High energy prices are constantly pushing up the inflation level in the euro area.🕵️ Operation suggestion:go short EUR/USD at 1.00349, the target price is 0.98938.
GoldAs of 17:00 (GMT+8), spot gold rose 1.149% to $1672.15 an ounce, and spot silver rose 1.983% to $19.704 an ounce.📝 Review:International gold prices rose, helped by a weaker dollar and lower U.S. Treasury yields. Investors awaited an update on the Fed's policy stance to gauge whether it might slow the pace of rate hikes. While the Fed is widely expected to raise interest rates by a fourth straight 75 basis points at its November policy meeting, it is also likely to discuss how it would be safe to continue borrowing costs going forward.🕵️ Operation suggestion:go long at 1671.91, the target price 1700.16.
Crude OilAs of 17:00 (GMT+8), WTI rose 0.609% to $85.147/barrel; Brent rose 0.381% to $91.576/barrel.📝 Review:International oil prices rebounded, recovering more than 1% decline in early trading. Supply concerns capped losses even as industry data showed a more-than-expected rise in U.S. crude inventories. The Saudis have warned that the U.S. is using the sell-off of its emergency stockpiles to manipulate the market, which could be painful in the coming months.🕵️ Operation suggestion:go short 85.198, the target price 81.022.
IndiceAs of 17:00 (GMT+8), the Taiwan Weighted Index fell 0.130% to 12800.0 points; the Nikkei 225 Index fell 0.120% to 27466.0 points; Hong Kong's Hang Seng Index rose 1.083% to 15301.0 points; Australia's S&P/ASX200 Index It fell 0.278% to 6814.35 points.📝 Review:Taiwan stocks closed higher in shock today, rising 62.93 points at the end, returning to above 12,700 points. The recovery of TSMC (2330) and the strength of financial stocks were the focus of the market.🕵️ Operation suggestion:long the Taiwan Weighted Index at 12796.5, with the target price at 13250.3.
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