We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
이 웹사이트 미국 거주자에게 서비스를 제공하지 않습니다.
Market News The US Index Plummeted, Gold Soared More Than $40 in Intraday Trading, and US Stocks Hit Their Biggest Weekly Gain in Four Months
Markets News
The US Index Plummeted, Gold Soared More Than $40 in Intraday Trading, and US Stocks Hit Their Biggest Weekly Gain in Four Months
TOPONE Markets Analyst
2022-10-24 09:30:00

Hot spot tracking

  • New Fed News Agency expects rate hike or slowdown in December
  • U.S. may cap Russian oil prices above $60 a barrel
  • German parliament votes to approve 200 billion euro emergency relief fund to tackle energy crisis

Product Hot Comment

  • Forex
    Last Friday (October 21), the U.S. dollar index first rose sharply to 113.97, but reversed sharply after the “New Federal Reserve News Agency” published an article, down nearly 2%, and finally closed down 0.877% at 111.86. The yen staged a major counterattack. After falling below the 152 mark, it rose as high as 2.7% against the dollar to 146.23, the largest increase since March 2020.
    📝 Review:The dollar index was down 0.7 percent after hitting a three-week high of 113.95 earlier in the session. While Fed officials were bracing for another big rate hike in November, some officials expressed greater concern about a sharp hike to fight inflation, a report said. Subsequently, the dollar came under pressure.
    🕵️ Operation suggestion:go short GBP/USD at 1.13153, target price 1.11692
  • Gold
    Spot gold rose sharply from the daily low of 1617.21 and exceeded 1650 US dollars per ounce, reaching as high as 1657.97, and finally closed up 1.89% at US$1657.82 per ounce; spot silver quickly rose above US$19 per ounce, and closed sharply by 4.28% at US$19.41 per ounce. ounce.
    📝 Review:Gold rose more than 1 percent on Friday as reports of a possible debate among Fed officials over the pace of rate hikes sent the dollar tumbling. Gold prices recorded weekly gains.
    🕵️ Operation suggestion:go long at 1658.40, the target price is 1675.54
  • Crude Oil
    The return of speculation helped crude oil rise. WTI crude oil closed up 0.63% at US$86.16 per barrel; Brent crude oil closed up 0.92% at US$93.92 per barrel. U.S. natural gas futures extended losses, falling below $5/MMBtu, hitting a new seven-month low. European natural gas fell more than 10%, and fell more than 20% for the week.
    📝 Review:Oil prices closed higher on Friday as hopes for stronger demand and a weaker dollar outweighed concerns about a global economic slowdown and the impact of higher interest rates on fuel use.
    🕵️ Operation suggestion:go long at 85.058, the target price is 86.919
  • Indice
    US stocks collectively closed higher, the Dow closed up 2.47%, the Nasdaq closed up 2.31%, and the S&P 500 closed up 2.37%. Most sectors were higher, with photovoltaics and vaccines among the top gainers. Large technology stocks generally closed higher, with Netflix closing up nearly 8%. Snap closed down more than 28% after the results, dragging down the social media sector to underperform the market. Last week, the Dow rose 4.89%, the Nasdaq rose 5.22%, and the S&P 500 rose 4.75%, the biggest weekly gains since June.
    📝 Review:U.S. stocks rose on Friday after reports that the Federal Reserve could debate a smaller rate hike in December, raising hopes that the central bank may be ready to take a less aggressive policy stance.
    🕵️ Operation suggestion:Go long the Nasdaq at 11436.000, target price 11635.600

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free