Hot spot tracking

  • Fed raises rates by 75bps for 4th straight, hints December may slow pace of rate hikes
  • Russia announces resumption of participation in Black Sea grain export deal
  • U.S. Treasury Department announces fourth-quarter bond issuance of $96 billion in line with expectations

Product Hot Comment

  • Forex
    On Wednesday (November 2), affected by the Fed's interest rate decision, the US dollar index fluctuated violently. After the decision was announced, it fell below 111, but after Powell's speech, it rebounded sharply and exceeded 112, and finally closed up 0.511% at 112.13. The non-US currencies fluctuated with the US index. After the announcement of the decision, the euro fell below 0.99 against the US dollar, the pound against the US dollar fell below the 1.15 and 1.14 thresholds, and the dollar against the yen fell below 146 and rebounded above 147.
    📝 Review:The dollar resumed its gains on Wednesday, and it was too early to discuss a pause in interest rate hikes to combat rising consumer prices because "there is no sense that inflation is falling."
    🕵️ Operation suggestion:short GBP/USD at 1.13766, target price 1.12340
  • Gold
    Spot gold fluctuated in a narrow range before the announcement of the decision. After the announcement of the decision, it rose by nearly 20 US dollars and pushed up to 1670 in the short-term. Then after Powell's speech, it dived and fell to US $1640, and finally closed down 0.68% at US $1636.24 per ounce; spot silver once exceeded 20 The dollar mark, but then fell sharply, and finally closed down 2.14% at $19.23 per ounce.
    📝 Review:Gold rallied on Wednesday, jumping more than 1 percent after the Federal Reserve signaled it may slow the pace of rate hikes, but later turned lower after Fed Chairman Jerome Powell said it was too early to discuss a pause in rate hikes.
    🕵️ Operation suggestion:go short at 1633.10, the target price is 1623.10
  • Crude Oil
    Crude oil stopped falling and turned up in midday trading, with U.S. EIA crude oil inventories falling by more than 3.1 million barrels last week, which supported oil prices. WTI crude oil closed up 0.69% at $89.98 a barrel; Brent crude oil closed up 0.8% at $97.44 a barrel. U.S. natural gas rose more than 8%, regaining the 6-dollar integer. The European benchmark Dutch TTF natural gas December futures rose more than 14% to 133 euros / MWh in late trading, and ICE British natural gas rose more than 15% to a daily high of 323 pence / kcal in late trading.
    📝 Review:Oil prices rose on Wednesday, accelerating gains after the Federal Reserve raised interest rates by 75 basis points for the fourth time this year, although benchmark crude contracts settled in the day's trading range. The market was earlier supported by another drop in U.S. oil inventories as refiners ramped up production ahead of the winter heating season.
    🕵️ Operation suggestion:go short at 88.190, the target price is 86.701
  • Indice
    After the Federal Reserve announced a 75 basis point interest rate hike, U.S. stocks rose first and then fell, extending their losses in late trading. The Dow closed down 1.55%, the Nasdaq closed down 3.36%, and the S&P 500 closed down 2.5%. Star technology stocks closed down collectively, Tesla fell more than 5%, Amazon and Netflix fell more than 4%, and Apple fell more than 3%.
    📝 Review:U.S. stocks ended sharply lower on Wednesday after Federal Reserve Chairman Jerome Powell's speech broke the optimism sparked by the initial Fed policy statement, announcing a 75 basis point increase in interest rates, but hinting that a rate cut may be imminent.
    🕵️ Operation suggestion:go short the Nasdaq index is 10876.600, the target price is 10690.900

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