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Market News [Market Evening] International Gold Prices Benefit From a Weaker Dollar, But Fed Officials Continue to Consolidate Market Hawkish Expectations
Market Evening New
[Market Evening] International Gold Prices Benefit From a Weaker Dollar, But Fed Officials Continue to Consolidate Market Hawkish Expectations
TOPONE Markets Analyst2022-10-17 19:30:00
Hot spot tracking
- U.S. media: U.S. consumers suffer from inflation and have little discretionary money left
- Japanese media: Japan plans to allocate 10 billion yen to expand corporate exports and promote the return of manufacturing
- Britain's new Chancellor of the Exchequer admits mistakes in UK economic policy
Product Hot Comment
ForexAs of 17:00 (GMT+8), the US dollar index fell 0.318% to 112.85, EUR/USD rose 0.192% to 0.97466; GBP/USD rose 0.633% to 1.12538; AUD/USD rose 0.617% to 0.62466 ; USD/JPY rose 0.026% to 148.642.📝 Review:The dollar continued to rise against the beleaguered yen, hitting a fresh 32-year high of 148.86. It was last up 1.05% at 148.74 yen in New York, with the dollar posting its best weekly performance since around mid-August. Traders were again closely watching for any possible action by Japan's financial authorities to stop the yen's slide.🕵️ Operation suggestion:go short EUR/USD at 0.97464, the target price is 0.96725.
GoldAs of 17:00 (GMT+8), spot gold rose 0.786% to $1655.91/oz, spot silver rose 1.661% to $18.538/oz.📝 Review:The international gold price rose, as the pause in the dollar rally eased some of the pressure on the dollar-denominated gold, and the decline in the gold price ushered in a rebound after showing weakness. However, the Fed is about to further aggressively raise interest rates to limit the upside of gold prices.🕵️ Operation suggestion:go short at 1655.86, the target price is 1620.42.
Crude OilAs of 17:00 (GMT+8), WTI rose 1.261% to $85.881/barrel; Brent rose 1.125% to $91.874/barrel.📝 Review:The U.S. dollar index weakened, most of the world's stock markets rebounded, the U.S. Treasury said the specific price ceiling for Russian oil had not been decided, and the geopolitical tensions between Russia and Ukraine attracted bargain-hunting buying to provide support for oil prices.🕵️ Operation suggestion:go long at 85.733, the target price 86.411.
IndiceAs of 17:00 (GMT+8), the Taiwan Weighted Index rose 0.794% to 12978.8 points; the Nikkei 225 Index rose 0.614% to 26790.1 points; Hong Kong's Hang Seng Index rose 1.914% to 16607.7 points; Australia's S&P/ASX200 Index It rose 0.296% to 6677.85 points.📝 Review:Bank of Japan Governor Kuroda Haruhiko told the Japanese House of Representatives Budget Committee on the 17th that the rise in prices is temporary against the backdrop of soaring raw material prices. In order to achieve the goal of sustained price stability, the monetary easing policy will continue to be implemented.🕵️ Operation suggestion:go short the Taiwan Weighted Index at 12977.3, the target price at 12815.7.
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