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Market News The Market Expects the Fed's Hawkish Interest Rate Hike to Heat Up!
Markets News
The Market Expects the Fed's Hawkish Interest Rate Hike to Heat Up!
TOPONE Markets Analyst2023-02-22 09:47:39
Hot spot tracking
- Another stronger-than-expected economic data: The U.S. economy may still be "strong"
- Both 2-year and 10-year U.S. Treasury yields hit their highest levels since November
- Texas Freeport LNG resumes more operations
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.38% 1.06428 1.06476 GBP/USD ▲0.61% 1.21114 1.21048 AUD/USD ▼-0.85% 0.68525 0.68614 USD/JPY ▲0.55% 134.992 134.944 GBP/CAD ▲1.27% 1.63938 1.6382 NZD/CAD ▲0.18% 0.84244 0.84079 📝 Review:The U.S. dollar index held on to modest gains on Tuesday, helped by strong U.S. economic data, but fell against sterling. U.S. business activity rebounded in February, hitting its highest level in eight months, the survey showed. The U.S. Composite Purchasing Managers' Index (PMI), which tracks manufacturing and services, rose to 50.2 in February from a final value of 46.8 in January. A reading below 50 indicates a contraction in private sector activity.🕵️ Operation suggestion:USD/JPY 134.918 Buy Target Price 135.150
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-0.35% 1834.75 1834.13 Silver ▲0.66% 21.821 21.794 📝 Review:Gold prices retreated on Tuesday as the dollar strengthened and U.S. Treasury yields rose, with investors turning their attention to U.S. economic data later in the week for more clues on the Fed's path to raising interest rates.🕵️ Operation suggestion:Gold 1835.40 Sell Target Price 1820.69
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-1.54% 76.168 76.137 Brent Crude Oil ▼-1.23% 82.562 82.535 📝 Review:Brent crude oil fell more than 1% in choppy trade on Tuesday, as persistent concerns about global growth outweighed pent-up supply and prompted investors to take profits after gains the previous day. Broader financial markets are focused on minutes from the Federal Reserve's latest meeting, due on Wednesday, with recent data raising the risk that the central bank will raise interest rates higher and keep them on hold for longer.🕵️ Operation suggestion:WTI Crude Oil 76.213 Sell Target Price 75.378
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-1.68% 12132.3 12074.75 Dow Jones ▼-1.26% 33308.7 33156.4 S&P 500 ▼-1.29% 4014.95 4000.5 ▼-0.75% 15356.6 15350.6 US Dollar Index ▲0.24% 103.83 103.72 📝 Review:As rising yields continue to put pressure on market sentiment, and the latest batch of retail companies announced revenue increased market concerns about consumer conditions, U.S. stocks fell sharply. It fell 2.06%, the Nasdaq closed down 2.5%, and the S&P 500 closed down 2%.🕵️ Operation suggestion:Nasdaq 100 12249.500 Buy Target Price 12072.600
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-2.04% 24167.8 24354.7 Ethereum ▼-3.07% 1634.8 1646.4 Dogecoin ▼-3.67% 0.08408 0.08478 📝 Review:The Bank for International Settlements report pointed out that when the encryption market is turbulent, large investors may cash out at the expense of small investors, and a large number of retail investors suffer losses; on the other hand, the impact on the cryptocurrency market currently has limited impact on the wider financial market.🕵️ Operation suggestion:BitCoin 24369.8 Buy Target Price 24940.8
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