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Market News [Market Morning] Risk Aversion Heats Up, Gold Soars Nearly $50, And Oil Soars 5%
Markets News
[Market Morning] Risk Aversion Heats Up, Gold Soars Nearly $50, And Oil Soars 5%
TOPONE Markets Analyst2022-09-29 09:32:51
Hot spot tracking
- Fed's Bostic: Baseline is 75bps rate hikes in November
- Yellen reportedly ready to remain Treasury secretary after midterm elections
- The U.S. Embassy in Russia advises U.S. citizens living in Russia to leave Russia as soon as possible
- Eighth round of EU sanctions on Russia released
- Bank of England announces temporary bond purchases
Product Hot Comment
GoldOn Wednesday, spot gold rebounded before the U.S. market, rising nearly $50 from the daily low, and finally closed up 1.91% at $1,659.90 per ounce; spot silver rose with the U.S. dollar and finally closed up 2.74% at $18.88 per ounce. .📝 Review:Gold rose about 2 percent on Wednesday as a retreat in the U.S. dollar boosted its safe-haven appeal, but the prospect of sharp interest rate hikes kept non-yielding gold prices near 2-1/2-year lows.🕵️ Operation suggestion:short at 1657.67 position, the target point is 1639.15.
ForexThe U.S. dollar index gave back all its gains and fell below the 113 mark, and finally closed down 1.29% at 112.71; the 10-year U.S. bond yield once exceeded 4% within a day, but plunged sharply before the U.S. market, and finally closed at 3.737%. The 2-year U.S. Treasury yield was close to falling below 4%.📝 Review:The U.S. dollar index was at 112.660 late Wednesday, having hit a 20-year high of 114.79 earlier. While the dollar initially rose broadly, it retreated sharply as the New York session progressed.🕵️ Operation suggestion:short EUR/USD at 0.97157 position, the target point is 0.96646.
Crude OilIn terms of crude oil, the two crude oils rebounded sharply. WTI crude oil rebounded in the European market and recovered the US$80 mark, and finally closed up 5% at US$81.87 per barrel; Brent crude oil approached the US$90 mark and finally closed up 4.14%. At $89.21 a barrel.📝 Review:Oil prices rose for a second day on Wednesday, rebounding from recent losses as the dollar eased from recent gains and consumer demand rebounded after data on U.S. fuel inventories showed a larger-than-expected decline.🕵️ Operation suggestion:short at 81.298 position, the target point is 80.150
IndiceThe Dow ended a six-day losing streak and closed up 1.88%, the Nasdaq closed up 2.05%, and the S&P 500 closed up 1.97%. Most sectors such as silver stocks, gold stocks, and oil and gas stocks rose. Star technology stocks strengthened. Netflix closed up about 9%, Alibaba closed up about 4%, and Amazon closed up about 3%.📝 Review:U.S. stocks ended sharply higher on Wednesday after a recent sell-off, helped by lower U.S. Treasury yields, but Apple fell on worries about iPhone demand. The S&P 500 rose for the first time in seven sessions, closing Tuesday at its lowest level since late 2020.🕵️ Operation suggestion:Short The Nasdaq index at 11466.800 position, the target point is 11198.500
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