Hot spot tracking

  • Fed's September meeting minutes show the need to maintain restrictive policy, at some point it will be appropriate to slow the pace of rate hikes
  • U.S. September PPI provides latest evidence that inflationary pressures are fading
  • A major oil pipeline in Poland that transports crude oil from Russia to Germany has leaked
  • Informal meeting of EU energy ministers still fails to agree on gas price cap

Product Hot Comment

  • Forex
    On Wednesday (October 12), the U.S. dollar index fluctuated in a range of 113, fell after the release of the minutes of the Fed meeting, and finally closed flat; the 10-year U.S. bond yield once rose and pushed up to 3.98% after the release of the PPI data, but It turned lower and lost 3.90% after the minutes were released.
    📝 Review:The dollar climbed to a fresh 24-year high against the yen on Wednesday, holding above levels that prompted Japanese officials to intervene last month, while sterling rebounded after falling sharply in the previous session as investors pondered the Bank of England's next move.
    🕵️ Operation suggestion:go short at 1.10988, target price 1.08346
  • Gold
    Spot gold rose above $1,678 an ounce after the minutes were released, and closed up 0.48% at $1,673.26 an ounce; spot silver barely held the $19 mark, closing down 0.85% at $19.03 an ounce.
    📝 Review:Gold prices firmed on Wednesday, supported by a drop in the U.S. dollar and U.S. Treasury yields following the release of minutes from the Federal Reserve's last policy meeting.
    🕵️ Operation suggestion:go short at 1674.31, the target price is 1654.37
  • Crude Oil
    Crude oil once fell 3% in the day, WTI crude oil closed down 1.82% at $87.19 per barrel; Brent crude oil closed down 1.42% at $93.22 per barrel. The decline in WTI crude oil continued after a sharp build in API crude oil and gasoline inventories. OPEC and the U.S. Energy Information Administration (EIA) had cut their forecasts for global oil demand growth due to recession fears.
    📝 Review:Crude oil futures fell for a third straight day on Wednesday on continued demand concerns, a stronger dollar and expectations of further interest rate hikes by major central banks.
    🕵️ Operation suggestion:go short GBP/USD at 1.10988, target price 1.08346
  • Indice
    U.S. stocks fell collectively at the beginning of the session. After the Fed minutes were released, they rose in a short-term and turned lower in late trading. The Dow closed down 0.1%, the Nasdaq closed down 0.09%, and the S&P 500 closed down 0.33%. The S&P and Nasdaq recorded "six consecutive yin" on the daily line. Cruise ships and aluminum sectors were among the top gainers. Moderna rose more than 8% after announcing that it would jointly develop a cancer vaccine with Merck, and rose more than 4% after a hundred performances.
    📝 Review:U.S. stocks ended slightly lower on Wednesday after a choppy session as minutes from the Federal Reserve's September meeting showed policymakers agreed they needed to maintain a more restrictive policy stance. Minutes from the September meeting also showed that many Fed officials highlighted the cost of not doing enough to reduce inflation.
    🕵️ Operation suggestion:go short The Nasdaq index at 10809.100, the target price is 10395.000

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