We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News [Market Evening] The International Gold Price Has Rebounded From A 30-Month Low, And The Global Central Bank's Radical Hawks Have Shown Side Effects

[Market Evening] The International Gold Price Has Rebounded From A 30-Month Low, And The Global Central Bank's Radical Hawks Have Shown Side Effects

[Market Evening] The International Gold Price Has Rebounded From A 30-Month Low, And The Global Central Bank's Radical Hawks Have Shown Side Effects

TOPONE Markets Analyst
2022-09-26
11963

Group 1000002198.png


Group 1000002188.png

As of 17:00 (GMT+8), spot gold rose 0.325% to $1647.87 an ounce, and spot silver fell 0.584% to $18.735 an ounce.


Comment: The international gold price hit a new low of US$1,626.60 per ounce in early April 2020 due to the strengthening of the US dollar and the aggressive hawkish stance adopted by the world's major central banks to curb inflation. However, the outlook for global economic growth is therefore worrying, and risk aversion has limited the downward pace of gold prices.


Suggestion: short spot gold at 1646.50 position, and the target point is 1628.50.


Group 1000002195.png

As of 17:00 (GMT+8), the US dollar index rose 0.222% to 112.99, EUR/USD fell 0.003% to 0.96916; GBP/USD fell 1.196% to 1.07403; AUD/USD fell 0.067% to 0.65312; USD /JPY was up 0.326% at 143.750.


Comment: European stock markets fell even more, with Britain's FTSE and Germany's DAX closing down about 2% and France's CAC closing down 2.3%. Weak manufacturing and services PMI data from Europe on Friday and the Bank of England's warning on Thursday that Britain was already in recession added to the vicious cycle of the economy.


Suggestion: short EUR/USD at 0.96872 position, target point 0.95568.


Group 1000002189.png

As of 17:00 (GMT+8), WTI fell 0.790% to $78.255/barrel; Brent fell 0.888% to $84.709/barrel.


Comment: US crude oil fluctuated and weakened, continuing the decline last Friday, reaching a minimum of $77.20 per barrel, the lowest since January 6. The September PMI data of the eurozone, Germany, France, and the United Kingdom released last Friday performed poorly, exacerbated the market's worries about a global economic recession, while the prospect of sharp interest rate hikes by most central banks around the world still loomed over the market, and global stock markets generally fell, suppressing the outlook for crude oil demand.


Suggestion: short US crude oil at 78.330 position, the target point is 77.142.


Group 1000002194.png

1. US SEC filings show that BlackRock funds "may be involved" in bitcoin futures;


2. Russia began to develop an international encrypted payment mechanism;


3. Moscow Exchange is preparing to become a cryptocurrency exchange;


4. Japanese banking giant Nomura moved its cryptocurrency division to Switzerland;


5. Data: Grayscale Bitcoin Trust's negative premium rate reached 35.18%, a record low;


6. Messari: Bitcoin is neither a hedge against inflation nor a store of value in the past year;


7. South Korea seized $184 million in crypto assets from suspected tax evaders;


8. The overall network computing power of ETC has dropped to 154.95 TH/s.


Group 1000002196.png

The Taiwan Weighted Index fell 0.923% to 13857.2 points;


The Nikkei 225 fell 0.175% to 26,586.5 points;


Hong Kong's Hang Seng Index rose 0.605% to 17907.2 points;


Australia's S&P/ASX 200 rose 0.406% to 6,499.65.


Group 1000002200.png


20:30(GM+8):


U.S. Chicago Fed National Activity Index Changes in August


22:30(GM+8):


US September Dallas Fed Manufacturing Activity Index


US September Dallas Fed Manufacturing Output Index


US September Dallas Fed Manufacturing Materials Paid Price Index


US September Dallas Fed Manufacturing Employment Index

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free