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
This website does not provide services to residents of United States.
Market News [Market Evening] Worries About Global Economic Slowdown Continue, And The Upside of Oil Prices Is Still Limited!

[Market Evening] Worries About Global Economic Slowdown Continue, And The Upside of Oil Prices Is Still Limited!

[Market Evening] Worries About Global Economic Slowdown Continue, And The Upside of Oil Prices Is Still Limited!

TOPONE Markets Analyst
2022-09-19
8196

Group 1000002198.png


Group 1000002188.png

As of 17:00 (GMT+8), spot gold fell 0.737% to $1660.82/oz, and spot silver fell 1.445% to $19.235/oz.


Comment: International gold prices fell as investors prepare for major central banks, especially the Federal Reserve, to raise interest rates sharply this week to curb high inflation. But further rate hikes by the Fed are unlikely.


Suggestion: short spot gold at 1661.60 position, and the target point is 1654.70.


Group 1000002195.png

As of 17:00 (GMT+8), the US dollar index rose 0.347% to 109.79, EUR/USD fell 0.378% to 0.99747; GBP/USD fell 0.374% to 1.13812; AUD/USD fell 0.470% to 0.66900; USD /JPY was up 0.341% at 143.393.


Comment: The Fed will hold an interest rate decision on September 21. The market generally expects the Fed to raise interest rates by 75 basis points, this time to slow down economic growth and cool inflation.


Suggestion:  short the EUR/USD at 0.997740 position, and the target point is 0.99319.


Group 1000002189.png

As of 17:00 (GMT+8), WTI fell 1.343% to $83.801/barrel; Brent fell 0.980% to $89.706/barrel.


Comment: Oil prices had fallen about $30 since their recent highs in early June, before the Federal Reserve and other central banks began aggressively raising rates to combat runaway inflation. Tighter monetary policy is expected to slow economic growth, while some financial market indicators point to a recession expected, which could slow growth in global oil demand.


Suggestion: Go short US crude oil at 83.868 position, target point is 82.498.


Group 1000002194.png

1. Best Buy starts selling bitcoin hardware wallets in brick-and-mortar retail stores across the US;


2. Even if Bitcoin reaches $2 million in 2040, it consumes less than 1% of the world's energy;


3. Meta will not set up a fixed station for work and re-booking: employees collectively complain;


4. Marathon CEO: Regulators should encourage Bitcoin miners to use renewable energy;


5. NFTs will bring cryptocurrencies to billions of users;


6. FTX still has about $1 billion in cash available for off-market acquisitions of struggling crypto companies;


7. Ethereum will be hit hard by a price correction as Bitcoin, and the stock market weakens.


Group 1000002196.png

The Taiwan Weighted Index fell 0.969% to 14393.7 points;


The Nikkei 225 fell 0.296% to 27,437.1 points;


Hong Kong's Hang Seng Index fell 0.586% to 18560.7 points;


Australia's S&P/ASX 200 fell 0.329% to 6,693.95.


Group 1000002200.png


20:30(GM+8):


Canada's August industrial price index monthly rate (%)


Canada's August raw material price index monthly rate (%)


Canada's August raw material price index annual rate (%)


Canada's August industrial price index annual rate (%)


22:00(GM+8):


US September NAHB housing market index


23:30(GM+8):


US 6-Month Treasury Auction on September 19 - Total Amount ($100 million)


US September 19 6-Month Treasury Auction - High Interest Rate (%)


US September 19 auction of 6-month Treasury bonds - bid multiple (times)

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free