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Market News Powell Opened the Door to Restart the 50 Basis Point Rate Hike
Markets News
Powell Opened the Door to Restart the 50 Basis Point Rate Hike
TOPONE Markets Analyst2023-03-08 09:31:39
Hot spot tracking
- Powell's "hawk" sounded loud: ready to accelerate the pace of interest rate hikes if necessary
- Atlanta Fed GDPNow model downgrades US Q1 growth forecast
- G7 group to reassess existing Russian oil price ceiling
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-1.24% 1.05486 1.05501 GBP/USD ▼-1.64% 1.18252 1.18276 AUD/USD ▼-2.17% 0.65861 0.65914 USD/JPY ▲0.90% 137.148 137.096 GBP/CAD ▼-0.62% 1.62634 1.62571 NZD/CAD ▼-0.39% 0.83973 0.83954 📝 Review:The dollar hit a three-month high against a basket of currencies on Tuesday after Federal Reserve Chairman Jerome Powell said the central bank could raise interest rates more than previously expected and warned that it was "a long way" to get inflation back to 2%. to go."🕵️ Operation suggestion:USD/JPY 137.188 Buy Target Price 138.367
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-1.79% 1813.2 1813.04 Silver ▼-4.36% 20.051 20.061 📝 Review:Gold fell nearly 2% on Tuesday, as the dollar jumped after Federal Reserve Chairman Jerome Powell said in testimony to a congressional committee that interest rates could be raised at a faster pace.🕵️ Operation suggestion:Gold 1813.49 Sell Target Price 1805.05
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-4.08% 77.234 77.367 📝 Review:Oil prices fell $3 on Tuesday, weighed down by comments from Federal Reserve Chairman Jerome Powell that heightened fears of rate hikes and a stronger dollar. Powell told U.S. lawmakers on Tuesday that the Fed would likely need to raise interest rates more aggressively than expected in response to recent strong data. That sent most commodity and financial markets down.🕵️ Operation suggestion:WTI Crude Oil 77.261 Sell Target Price 75.984
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-1.23% 12156.55 12164.55 Dow Jones ▼-1.81% 32846.7 32869 S&P 500 ▼-1.63% 3985.35 3989.15 📝 Review:U.S. stocks were dragged down by Powell's hawk. The Dow closed down 1.72%, the Nasdaq closed down 1.25%, and the S&P 500 closed down 1.53%, falling below the 50-day moving average. Most sectors were broadly lower. Popular Chinese concept stocks performed weakly. Xiaopeng Automobile closed down about 8%, Li Auto closed down about 6%, and Weilai Automobile closed down about 4%.🕵️ Operation suggestion:Nasdaq 100 12161.600 Sell Target Price 12004.300
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-1.66% 22027.5 22085.3 Ethereum ▼-1.18% 1543.7 1546.2 Dogecoin ▼-1.62% 0.07288 0.07271 📝 Review:The U.S. Senate Environment and Public Works Committee (EPW) will hold a hearing on digital assets and the environment. This hearing focused almost entirely on the energy use of Bitcoin’s proof-of-work mining process. Bitcoin mining should be hailed as an effective tool for a low-emissions future, not demonized as a monkey wrench at work.🕵️ Operation suggestion:BitCoin 22164.5 Sell Target Price 21460.0
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