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Market News [Market Morning] Spot gold Returned to 1650, US Oil Fell 4% Intraday, the Yen Hit Another 32-Year Low, and US Stocks Collectively Closed Higher After Diving
Markets News
[Market Morning] Spot gold Returned to 1650, US Oil Fell 4% Intraday, the Yen Hit Another 32-Year Low, and US Stocks Collectively Closed Higher After Diving
TOPONE Markets Analyst2022-10-19 09:30:00
Hot spot tracking
- U.S. plans to release another 10-15 million barrels of oil reserves
- OPEC Secretary-General: Energy demand will increase by 23% from 285.7 million barrels per day in 2021
- EU again throws out package of emergency energy measures
Product Hot Comment
ForexOn Tuesday (October 18), the U.S. dollar index fell below 112 during the session, closing slightly down 0.054% at 112.05. The yen hit another 32-year low. The 10-year U.S. Treasury yield was hovering at 4%.📝 Review:The dollar fell 0.06% against a basket of currencies on Tuesday, having earlier slipped to a near two-week low of 111.76. The dollar index fell 1% in the previous session, still 2% from a 20-year high of 114.58 hit in late September, shrugging off some of the previous session's weakness, but gains were limited by a return to risk appetite in global financial markets. limit.🕵️ Operation suggestion:go long GBP/USD at 1.13332, target price 1.15009
GoldThe highest spot gold rushed to 1660.85, the lowest fell to 1645.30, and finally closed up 0.11% at $1651.68 per ounce; spot silver failed to recover the 19 mark and closed up 0.3% at $18.74 per ounce.📝 Review:Gold was flat on Tuesday, giving back gains recorded earlier in the session on a weaker dollar, as the prospect of further massive interest rate hikes by the Federal Reserve continued to weigh on prices.🕵️ Operation suggestion:go short at 1652.53, the target price is 1629.41
Crude OilAs of the close, WTI crude oil closed down 2.37% at $84.02 per barrel; Brent crude oil closed down 1.47% at $91.11 per barrel. U.S. natural gas futures extended losses, extending their intraday losses to 5%. European natural gas futures fell 16% intraday.📝 Review:The decline of WTI crude oil once expanded to 4% in the day, and Brent crude oil fell below US$89 per barrel in the intraday session. The news that the United States will release the strategic crude oil reserve has put pressure on oil prices. European gas prices fell for a fourth straight session as warmer-than-usual weather and high gas inventory levels eased fears of a winter supply shortage.🕵️ Operation suggestion:go short at 82.529, the target price is 78.761
IndiceU.S. stocks opened higher and closed higher after intraday diving. The Dow closed up 1.12%, the Nasdaq closed up 0.9%, and the S&P 500 closed up 1.14%.📝 Review:U.S. stocks closed higher for a second day on Tuesday as solid quarterly results from Goldman Sachs and Lockheed Martin eased concerns about a weak earnings season. Cruise stocks and airline stocks were among the top gainers, while education stocks and chip stocks were partly lower.🕵️ Operation suggestion:go long at the Nasdaq Index is 11279.200, the target point is 11681.700
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