Hot spot tracking

  • EU still fails to agree on Russian oil price cap
  • OPEC+ to consider further output cuts at December meeting
  • New York Fed President Williams: Need to keep restrictive policy until 2023, no rate cut until at least 2024

Product Hot Comment

  • Forex
    Boosted by hawkish speeches from Fed officials, the U.S. dollar index began to rise sharply after falling to 105.33, reaching a peak of 106.76 and closing up 0.56% at 106.66. Non-US currencies fell under pressure, the Australian dollar fell by 1.5% against the US dollar in the day; the pound fell more than 1% against the US dollar in the day; the US dollar against the Canadian dollar stood at 1.35, a new high since the 10th of this month.
    📝 Review:The dollar recovered from earlier losses on Monday as a hawkish Federal Reserve official made the case for further rate hikes, while the Australian dollar fell on concerns about turmoil from the outbreak.
    🕵️ Operation suggestion:go short EUR/USD at 1.03428, target price 1.02261.
  • Gold
    Spot gold fell from above 1763, losing $1740/oz during the day, closing down 0.67% at $1741.78/oz; spot silver lost the $21 barrier, closing down 2.39% at $20.94/oz.
    📝 Review:Gold prices retreated from more than a week high on Monday as the dollar recovered from an intraday low and Federal Reserve officials made hawkish remarks, reiterating their commitment to fighting inflation. Spot gold was down 0.8% at $1,741.35 per ounce, after hitting its highest since Nov. 18 earlier in the day.
    🕵️ Operation suggestion:go short at 1741.33 , target price 1730.99.
  • Crude Oil
    WTI crude oil rose more than 2% to $77.8/barrel and Brent crude oil stood at $84/barrel during the day. At the end of the day, WTI crude closed down 0.01% at $76.52/barrel and Brent crude closed down 0.69% at $83.21/barrel.
    📝 Review:Global index oil contracts recovered from their lowest levels in nearly a year on Monday, with U.S. crude closing higher as rumors of an OPEC+ production cut offset concerns about demand.
    🕵️ Operation suggestion:go short at 76.643, target price at 73.786
  • Indice
    U.S. stocks closed lower collectively, with the Dow Jones closing down 1.45%, the S&P 500 closing down 1.51% and the Nasdaq Composite closing down 1.58%. Cruise ships, department stores, gold and most other sectors were lower.
    📝 Review:U.S. stocks closed sharply lower Monday as worries about economic growth increased and Apple slumped on fears of a hit to iPhone production. Apple stock fell 2.6 percent, putting a major drag on the benchmark S&P 500 index.
    🕵️ Operation suggestion:go short Nasdaq at 11596.100, target price 11492.100.

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