Hot spot tracking

  • U.S. retail sales in October rose 1.3% month-on-month, exceeding expectations
  • Goldman Sachs raised the Fed's terminal interest rate forecast to a range of 5%-5.25%
  • Polish President: The missile that fell into Polish territory was probably an "accident" of Ukraine's air defense system

Product Hot Comment

  • Forex
    As the Polish missile bombing incident cooled down, the market demand for hedging declined, and the U.S. dollar index broke through the 106 mark in the intraday session. After the release of the unexpected U.S. retail sales data, it rebounded and returned to above 106. It finally closed down 0.27% at 106.28 .
    📝 Review:The dollar was supported by stronger-than-expected U.S. retail sales data on Wednesday, as investors also looked for clues on the path of interest rates in speeches from Federal Reserve officials. But the euro rose against the dollar and the yen as geopolitical concerns eased after Poland and NATO said on Wednesday that Tuesday's explosion in Poland that killed two people was likely caused by a stray bullet from Ukrainian air defenses and not intentional by Russia hit.
    🕵️ Operation suggestion:go long EUR/USD at 1.03937, target price 1.04560
  • Gold
    The cooling of the geopolitical situation and the fading expectations of the Federal Reserve’s turn to dove, spot gold fell from a three-month high, hitting the $1,770 mark in the intraday session, and finally closed down 0.26% at $1,773.71 an ounce; spot silver approached $22 at its highest, and then fell sharply , closed down 0.47 percent at $21.46 an ounce.
    📝 Review:Gold hovered near a three-month high on Wednesday, as the dollar edged higher and benchmark U.S. Treasury yields slipped as the focus shifted from global tensions to the Federal Reserve's interest rate strategy. Spot gold fell 0.3% to $1,773.13 an ounce.
    🕵️ Operation suggestion:go long at 1773.79, the target price is 1804.01
  • Crude Oil
    Demand concerns in the crude oil market outweighed the impact of geopolitical tensions. WTI crude oil fell 3% in the intraday session, and finally closed down 1.77%, at $85.30/barrel; Brent crude oil once fell below $92, and finally closed down 1.12%, at $92.66 /bucket. European benchmark TTF Dutch natural gas futures fell more than 14%.
    📝 Review:Oil prices settled more than $1 lower on Wednesday after Russia resumed oil shipments to Hungary via the Druzhba pipeline and rising virus concerns weighed on market sentiment.
    🕵️ Operation suggestion:go short at 84.607, target price 81.506
  • Indice
    U.S. stocks collectively closed down, the Dow closed down 0.12%, the Nasdaq and the S&P 500 closed down 1.54% and 0.80% respectively. The department store sector was the biggest loser, and Target closed down more than 13% after the results. U.S. retail sales data exceeded expectations, and key retail stocks such as Target had poor third-quarter reports, putting pressure on the market.
    📝 Review:U.S. stocks ended lower on Wednesday as Target's dismal forecast sparked fresh concerns about retailers heading into the key holiday season, while semiconductor stocks slumped after Micron cut supply. Target slumped 13.1% after the big-box retailer forecast an unexpected drop in sales for the holiday season.
    🕵️ Operation suggestion:go long Nasdaq index at 11734.100, the target price is 11939.300

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