Hot spot tracking

  • U.S. August durable goods orders rose more than expected, suggesting businesses remained keen to invest in equipment despite rising interest rates, which could keep the economy on a moderate growth path.
  • The World Corporate Research Institute report released on Tuesday showed that the consumer confidence index rose to 108.0 in September from 103.6 in August, beating economists' expectations of 104.5. Household concerns about inflation eased, largely reflecting lower gasoline prices.
  • Data from the U.S. Commerce Department on Tuesday also showed that U.S. new home sales rose 28.8% month-on-month in August, far exceeding expectations for a 2.2% decline, compared with a 12.6% decline in July. The month-on-month increase in new home sales in August was the second largest on record, following the 30.6% increase in June 2020. New home sales in August rose to an annualized rate of 685,000, the highest since March, and were expected to be 500,000, compared with 511,000 in July.

Product Hot Comment

  • Gold
    As of 17:00 (GMT+8), spot gold fell 0.572% to $1619.46/oz, and spot silver fell 1.590% to $18.078/oz.
    📝 Review: The international gold price hit a new low of $1,614.67 per ounce since April 6, 2020, as the hawkish remarks of the Federal Reserve officials triggered aggressive interest rate hike expectations, and the yields of the U.S. dollar and U.S. Treasury bonds climbed to multi-year highs. Continued rises in inflation suggest that restrictive policies may last longer than historical precedents, making the case for more pronounced weakness.
    🕵️ Operation suggestion: go short at 1619.67, target price at 1608.15.
  • Forex
    As of 17:00 (GMT+8), the US dollar index rose 0.280% to 114.42, EUR/USD fell 0.254% to 0.95700; GBP/USD fell 0.537% to 1.06711; AUD/USD fell 0.710% to 0.63887; USD /JPY fell 0.069% to 144.678.
    📝 Review: In addition to the fact that the US dollar index broke through the 114.00 mark and refreshed the 20-year high under the support of multiple positive factors, which was the main reason for the pressure on the euro to fall, the weak economic data in the euro zone also constituted a certain pressure on the exchange rate.
    🕵️ Operation suggestion: go short at 0.95622, target price at 0.95247.
  • Crude Oil
    As of 17:00 (GMT+8), WTI fell 0.41% to $77.604/barrel; Brent rose 0.001% to $84.271/barrel.
    📝 Review: The hawkish remarks of the Federal Reserve officials have kept the US dollar and US bond yields higher, and also exacerbated concerns about the economic outlook and the outlook for crude oil demand. The global stock market has generally weakened, dragging down oil prices; and the sharp increase in API crude oil inventories has also suppressed bulls' morale, short-term Further downside risks remain for oil prices.
    🕵️ Operation suggestion: go short at 77.747, target price at 76.206.
  • Indice
    As of 17:00 (GMT+8), the Taiwan Weighted Index fell 2.255% to 13484.4 points; the Nikkei 225 Index fell 1.141% to 26116.5 points; Hong Kong's Hang Seng Index fell 2.193% to 17191.5 points; Australia's S&P/ASX200 Index It fell 0.461% to 6430.65 points.
    📝 Review: On Wednesday, Asia-Pacific stock markets generally tumbled. The Nikkei 225 and the Korea Composite Index all fell sharply. The Korea Composite Index hit a new low in the past 26 months. The Hong Kong stock market fell sharply, with many real estate stocks down more than 10%, and even more than 20% during the session.
    🕵️ Operation suggestion: go short at 13794.0, target price at 13280.4.
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