English
Market News Japan Is Suspected of Intervening in the Foreign Exchange Market Again, And The Dollar Plummeted More Than 400 Points In the Short-Term
Market Evening New
Japan Is Suspected of Intervening in the Foreign Exchange Market Again, And The Dollar Plummeted More Than 400 Points In the Short-Term
TOPONE Markets Analyst2022-10-24 19:30:00
Hot spot tracking
- Sunak Tweets: Will replace Truss as new UK PM
- Japan's Ministry of Internal Affairs and Communications: Food prices rose to a new high in nearly 41 years in September
- Russian media: Hungary says it will continue to veto new EU sanctions on Gazprom
Product Hot Comment
ForexAs of 17:00 (GMT+8), the US dollar index rose 0.349% to 112.21, EUR/USD fell 0.251% to 0.98371; GBP/USD rose 0.223% to 1.13272; AUD/USD fell 1.203% to 0.63141 ; USD/JPY rose 1.100% to 149.271.📝 Review:The Nikkei newspaper reported earlier on Saturday, citing a source, that the Japanese government and central bank intervened in the foreign exchange market by buying yen and selling dollars. Apparently it was the Japanese Ministry of Finance who sold dollars to buy yen. They are trying to firmly defend their very accommodative policies.🕵️ Operation suggestion:go long USD/JPY at 149.256, target price 150.500.
GoldAs of 17:00 (GMT+8), spot gold fell 0.254% to $1650.96/oz, and spot silver fell 0.498% to $19.167/oz.📝 Review:The international gold price rose to a new high of $1670.68 per ounce in six trading days and then fell back. Although the market is weakly expecting the Fed to soften its aggressive policy stance later this year, the price of gold has not yet come out of the predicament. The market outlook will depend on how the economic data affects the Fed. Slow down the pace of rate hikes.🕵️ Operation suggestion:go short at 1649.88, the target price is 1627.46.
Crude OilAs of 17:00 (GMT+8), WTI fell 1.477% to $83.715/barrel; Brent fell 1.369% to $90.446/barrel.📝 Review:Oil prices were pressured by comments the Federal Reserve is working to slow the economy to fight inflation and will continue to raise its short-term interest rate target. However, the imminent EU ban on Russian oil and the recent agreement by the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance of its allies including Russia to cut output by 2 million barrels per day (bpd) have supported prices.🕵️ Operation suggestion:go short at 83.718, the target price 81.721.
IndiceAs of 17:00 (GMT+8), the Taiwan Weighted Index fell 1.354% to 12841.7 points; the Nikkei 225 Index fell 0.582% to 26944.5 points; Hong Kong's Hang Seng Index fell 7.681% to 15142.2 points; Australia's S&P/ASX200 Index It fell 0.101% to 6757.55 points.📝 Review:Affected by the sharp rise of the four major U.S. stock market indexes on the 21st, and the effect of the financial control commission's ban on empty space, Taiwan stocks opened a red session on the 24th to celebrate, and the index was above the flat. The trend continued to shrink, with a slight increase of 37.78 points at the end, and the index closed at 12,856.98 points, still unable to cross the threshold of 10,000.🕵️ Operation suggestion:short the Taiwan Weighted Index at 12845.2, with the target price at 12651.3.
Bonus rebate to help investors grow in the trading world!
Or try Free Demo Trading
