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Market News [Market Morning] The 10-Year US Bond Yield Rose Above 4.2%, Gold and Crude Oil Rose and Fell, and the Yen Fell Below 150
Markets News
[Market Morning] The 10-Year US Bond Yield Rose Above 4.2%, Gold and Crude Oil Rose and Fell, and the Yen Fell Below 150
TOPONE Markets Analyst2022-10-21 09:30:00
Hot spot tracking
- Truss resigns as UK prime minister
- EU may fail to reach consensus on capping gas prices
- 10-year U.S. Treasury yield tops 4.2% for first time since 2008
Product Hot Comment
ForexThe dollar index closed down 0.06% at 112.85; the dollar rose to a maximum of 150.28 against the yen, keeping investors on high alert for further interventions. Sterling rose more than 1% against the dollar during the session, before giving up most of its gains.📝 Review:The dollar breached the symbolic level of 150 yen for the first time since 1990 on Thursday, while the pound turned higher in choppy trade after Truss said she would resign as British prime minister.🕵️ Operation suggestion:go long GBP/USD at 1.12225, target price 1.13351
GoldSpot gold once rose by more than 1% within the day, rising to US$1,645.62 per ounce, then fell rapidly, and finally closed down 0.03% at US$1,627.96 per ounce; spot silver rose 3% intraday, and finally closed up 1.29% at US$18.68 / ounce.📝 Review:Spot gold once rose by more than 1% within the day, rising to US$1,645.62 per ounce, then fell rapidly, and finally closed down 0.03% at US$1,627.96 per ounce; spot silver rose 3% intraday, and finally closed up 1.29% at US$18.68 / ounce.🕵️ Operation suggestion:go short at 1625.90, the target price is 1615.00
Crude OilCrude oil finished higher and fell, with WTI crude oil closing up 0.06% at $85.91 a barrel; Brent crude oil closing down 0.22% at $92.82 a barrel. Continental Europe's TTF benchmark Dutch natural gas futures closed up 13 percent, while ICE British natural gas futures closed up 22.6 percent.📝 Review:Oil prices ended near flat in choppy trade on Thursday, as worries about inflation dampening oil demand were offset by easing concerns about the virus.🕵️ Operation suggestion:go short at 84.266, the target price is 81.683
IndiceU.S. stocks rose by more than 1% at one point, but turned down in the afternoon, and finally closed down slightly. The Dow closed down 0.3%, the Nasdaq closed down 0.61%, and the S&P 500 closed down 0.8%. Tesla closed down about 6% after the results.📝 Review:U.S. stocks closed lower on Thursday as jobs data and comments from Fed officials reinforced expectations that the central bank will raise interest rates aggressively, overshadowing a string of strong corporate earnings.🕵️ Operation suggestion:go short the Nasdaq index is 10954.800, the target price is 10688.900
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