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Market News The US Repurchases Crude Oil to Fill Strategic Reserves
Markets News
The US Repurchases Crude Oil to Fill Strategic Reserves
TOPONE Markets Analyst
2022-12-20 19:30:00

Hot spot tracking

  • European energy ministers reach emergency gas price cap deal
  • US media: White House official says Biden does not plan to visit Kyiv due to 'security risks'
  • EU Council approves new rules to cut methane emissions

Product Hot Comment

  • Forex
    As of 17:00 (GMT+8), EUR/USD rose 0.105% to 1.06188; GBP/USD rose 0.087% to 1.21490; AUD/USD fell 0.571% to 0.66636; USD/JPY fell 3.154% to 132.586 .
    📝 Review:And market data from Germany suggested a recession in Europe's largest economy could be much milder than many economists feared just a few weeks ago. In other words, the European Central Bank continues to raise interest rates, which is still within an acceptable range for the European economic blow.
    🕵️ Operation suggestion:long EUR/USD at 1.06121, with a target price 1.07368.
  • Gold
    As of 17:00 (GMT+8), spot gold rose 0.517% to $1796.81/oz, and spot silver rose 0.732% to $23.136/oz.
    📝 Review:International gold prices rose, as the Bank of Japan expanded its yield target range, leading to a sharp rise in the yen and a sharp drop in the U.S. dollar, which benefited gold prices. However, given the generally hawkish stance of global central banks, there is limited room for gold prices to continue to rise in the short term.
    🕵️ Operation suggestion:go short at 1797.27, and the target price is 1779.26.
  • Crude Oil
    As of 17:00 (GMT+8), WTI fell 0.645% to $75.309/barrel; Brent fell 0.613% to $79.894/barrel.
    📝 Review:If the United States wants to become a net exporter of crude oil, it must either increase production capacity or reduce consumption. The oil demand in the United States next year will increase by 0.7% to 20.51 million barrels per day, which means that the United States can only increase its production capacity to achieve more crude oil than imports.
    🕵️ Operation suggestion:go short at 75.309,target price is 73.519.
  • Indice
    As of 17:00 (GMT+8), Taiwan's weighted index fell 1.381% to 14162.0 points; the Nikkei 225 index fell 2.728% to 26463.0 points; Hong Kong's Hang Seng Index fell 0.646% to 19106.2 points; Australia's S&P/ASX200 index It fell 0.858% to 7050.15 points.
    📝 Review:Taiwan stocks strengthened following the rebound of international stock markets in early trading today, but the intraday gains were somewhat restrained. Fortunately, they pulled up sharply in late trading and closed up more than 150 points. Today, the Taiwan stock market backtested that the 5-day line was stable, officially reversing the decline of the 5-day line, and it is expected to have a chance to rebound. However, it is necessary to carefully observe whether the final increase in the U.S. futures market has converged.
    🕵️ Operation suggestion:go short the Taiwan weighted index at 14158.5, and the target price is 13977.9.

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