Hot spot tracking

  • Crimea bridge explosion, Ukraine admits responsibility for terrorist attack on Crimea bridge
  • U.S. nonfarm payrolls increased by 263,000 after seasonally adjusted September, better than expected
  • French refineries shut due to strike

Product Hot Comment

  • Gold
    As the U.S. dollar and U.S. bond yields rose together, spot gold fell by $20 in the short-term, once approaching $1,690 per ounce; spot silver fell by 3% intraday. As of the close, spot gold closed down 0.95% at $1,694.52 per ounce; spot silver closed down 2.62% at $20.11 per ounce.
    📝 Review:The market believes that the stronger-than-expected nonfarm payrolls report further pushed the Fed to raise interest rates by another 75 basis points at its meeting in early November. If gold fails to hold the $1690 support, a retest of the $1660 level is likely. Markets will now focus on this week's key inflation data, as well as the minutes of the Federal Reserve's meeting.
    🕵️ Operation suggestion:go long USD/JPY at 145.406, targe price is 147.108
  • Crude Oil
    Crude oil closed up for five consecutive days for the first time in four months. WTI crude oil closed up 4.97% at US$93.54 per barrel; Brent crude oil closed up 3.78% at US$99.48 per barrel. The biggest weekly gain since early March. European natural gas futures fell 14%, falling below $1,550 per thousand cubic meters for the first time since July 21, and have more than halved from their August highs. Traders are factoring in a winter build in natural gas inventories and await more guidance from governments on possible price interventions.
    📝 Review:Oil prices jumped about 5 percent on Friday to hit a five-week high, buoyed by last week's decision by OPEC+ to cut production by the most since 2020 despite fears of a possible recession and rising interest rates.
    🕵️ Operation suggestion:go long at 91.570, target price is 93.965
  • Indice
    U.S. stocks opened lower and moved lower. The Dow closed down 2.11%, the Nasdaq Composite and the S&P 500 closed down 3.8% and 2.8%, respectively. Sectors such as semiconductors and large technology stocks dragged the market down. AMD closed down nearly 14%, while Tesla closed down 6.3%. But thanks to the sharp gains on Monday and Tuesday, especially last Tuesday, the major U.S. stock indexes all rose last week.
    📝 Review:U.S. stocks tumbled on Friday after a good U.S. jobs report for September raised the odds that the Federal Reserve will continue to push ahead with a firm push to raise interest rates, which many investors fear will push the U.S. economy into recession.
    🕵️ Operation suggestion:go short the Nasdaq index at 10946.900, the target price is 10743.900
  • Tight spread
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