US Inflation Cools Down Again, But the US Index Pushes Up to 102

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Market News US Inflation Cools Down Again, But the US Index Pushes Up to 102

Markets News

US Inflation Cools Down Again, But the US Index Pushes Up to 102

TOPONE Markets Analyst

2023-01-30 09:30:00

Hot spot tracking

Japan to impose new sanctions on Russia

Indian refiners willing to buy more Russian crude

Peskov: Zelensky is no longer a possible negotiating partner for Putin

Product Hot Comment

Forex

EUR/USD rose 0.051% yesterday to 1.08703; GBP/USD rose 0.070% yesterday to 1.23988; AUD/USD fell 0.006% yesterday to 0.71097; USD/JPY fell 0.015% yesterday to 129.851; GBP/CAD rose 0.003% yesterday to 1.64935; NZD/CAD fell 0.068% yesterday to 0.86333.

📝 Review:The dollar held onto modest gains against the euro on Friday after data showed a drop in U.S. consumer spending and cooling inflation as investors awaited a series of central bank meetings next week.

🕵️ Operation suggestion:go short USD/JPY at 129.843, target price 128.960.
Gold

Spot gold rose 0.100% yesterday to $1928.36/oz; Spot silver rose 0.306% yesterday to $23.615/oz.

📝 Review:Gold was flat on Friday, with gains capped by a stronger dollar, but it was still headed for a sixth straight weekly gain ahead of the Federal Reserve's rate decision this week.

🕵️ Operation suggestion:go short at 1928.61, and the target price is 1916.34.
Crude Oil

WTI crude oil rose 1.206% yesterday to $80.472/barrel; Brent crude oil fell 1.440% yesterday to $86.060/barrel.

📝 Review:Oil prices ended lower on Friday, bringing the week to a flat-to-low end, as signs of robust Russian oil supply offset hopes for better-than-expected U.S. economic growth data, strong middle distillate refining margins and a quick recovery in Chinese demand.

🕵️ Operation suggestion:go short at 80.411, target price 79.134.
Indice

The Nasdaq index fell 0.116% yesterday to 12149.100; The Dow Jones index fell 0.150% yesterday to 33918.7; The S&P 500 index fell 0.118% yesterday to 4063.600.

📝 Review:U.S. stocks fluctuated higher last Friday, with the Dow closing up 0.08%, and a cumulative gain of 1.81% this week. The S&P 500 closed up 0.25%, and has risen 2.47% this week. The Nasdaq closed up 0.95%, up 4.32% this week. Heavyweight stocks such as Tesla and Meta pulled up. A fall in the PCE price index and a continuation of the downward trend in inflation expectations at the University of Michigan helped boost consumer confidence.

🕵️ Operation suggestion:go long Nasdaq index at 12143.100, the target price is 12250.300