On Tuesday (November 1), the U.S. dollar index fell below 111 and closed down 0.036% at 111.56, as the market expected the Federal Reserve to signal a slowdown in interest rate hikes starting in December. The euro rose as much as 0.7% against the dollar and broke through 0.99, but U.S. stocks fell below the mark and gave up all gains. The pound rose nearly 100 points against the dollar at one point, but it turned down and failed to reach the 1.15 mark. USD/JPY fluctuated around 148.

📝 Review:The dollar fell against major currencies on Tuesday, with some expecting the Fed to signal a slower pace of tightening after the meeting to assess the impact of rate hikes on the economy. Investors widely expect the Fed to raise its benchmark overnight rate range by 75 basis points this week to a range of 3.75% to 4.00%, which would be the fourth such rate hike in a row.

🕵️ Operation suggestion:go short GBP/USD at 1.14837, target price 1.13240

Spot gold closed up 0.83% at $1,646.63 per ounce; spot silver stood at $20 per ounce, rising 4.5% at one point, and finally closed up 2.56% at $19.63 per ounce.

📝 Review:Gold rose more than 1% on Tuesday as the dollar and U.S. Treasury yields slipped from session highs, as the focus turned to a key Fed decision to see whether the central bank will soften or maintain an aggressive rate hike stance.

🕵️ Operation suggestion:go short at 1647.22, the target price is 1631.48

The risk of energy supply is still rising, and crude oil prices rose for the first time in three days. WTI crude oil closed up 2.73% at $89.25 per barrel; Brent crude oil closed up 1.7% at $96.42 per barrel. European benchmark TTF Dutch natural gas front-month futures fell nearly 6% in late trading, falling below 117 euros/MWh, further hitting the lowest level since mid-to-late June. ICE British Gas fell 7% to less than 280p/kcal. U.S. natural gas tumbled 10%, falling below $6/million British thermal unit again.

📝 Review:Oil prices rose more than 2.7% on Tuesday, reversing losses from the previous session on optimism about demand, as OPEC+, a group of allies including the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, cut its output target by 2 million bpd Afterwards, both Brent and U.S. crude posted monthly gains in October for the first time since May.

🕵️ Operation suggestion:go short at 88.086, the target price is 86.307

U.S. stocks opened higher and moved lower, turned lower during the session, and closed down collectively. The Dow closed down 0.24%, the Nasdaq closed down 0.89%, and the S&P 500 closed down 0.41%.

📝 Review:US stocks closed lower for a second straight session on Tuesday after data showed the labor market remained strong, dimming hopes that the Federal Reserve might have enough reason to start reducing the size of its rate hikes.

🕵️ Operation suggestion:go short the Nasdaq index at 11311.200, the target price is 11021.500