Hot spot tracking

  • OPEC + December meeting to cut production rumors have changed
  • Chevron to ship first crude in Venezuela in late December
  • German CPI slows more than expected

Product Hot Comment

  • Forex
    The U.S. dollar index stopped falling and turned up, closing up 0.12% at 106.79, rising for three consecutive days. The U.S. dollar against the Canadian dollar rose by more than 1% in the day, continuing to hit a new high in the past month; the euro against the U.S. dollar once pushed up to 1.04 and then fell back; the pound against the U.S. dollar once rose above 1.20, but failed to hold; .
    📝 Review:The dollar index fell to 106.82, having hit a 20-year high of 114.78 on Sept. 28. Investors are looking to the Fed to peak interest rates early next year, when inflationary pressures are expected to subside.
    🕵️ Operation suggestion:go short EURUSD at 1.03232, target price 1.02247.
  • Gold
    Spot gold broke through 1758 in the European market, which was more than $20 higher than the daily low, but then fell to the 1750 mark, and finally closed up 0.45% to $1749.57/oz; spot silver closed up 1.5% to $21.26/oz.
    📝 Review:Gold prices rose 1% on Tuesday, helped by a retreat in the dollar and hopes for fewer future rate hikes by the Federal Reserve. Spot gold rose 0.6% to $1,751.21 an ounce.
    🕵️ Operation suggestion:go short at 1748.66, the target price is 1732.76
  • Crude Oil
    The news of OPEC+'s December meeting policy continued to affect oil prices. Crude oil rose more than 3% in the intraday session. It once turned down after rumors that the weekend meeting might keep production unchanged. In the end, WTI crude oil closed up 3.11% at $78.89/barrel; Lent crude oil closed up 2.03% at $84.90 a barrel. European benchmark Dutch TTF natural gas futures rose nearly 5%, approaching 130 euros per megawatt-hour, returning to a more than three-week high. U.S. NYMEX December natural gas futures rose nearly 8 percent to $7.2350 per million British thermal units.
    📝 Review:Oil prices rose on Tuesday as coronavirus fears eased, but concerns that OPEC+ would keep output unchanged at an upcoming meeting capped gains. A weaker dollar also helped boost oil prices. The dollar usually moves inversely to oil prices. The U.S. dollar index fell to 106.65 from a 20-year high, with investors expecting the Fed to peak interest rates early next year as inflationary pressures are expected to ease.
    🕵️ Operation suggestion:go short at 78.643, the target price is 75.255
  • Indice
    U.S. stocks performed weakly throughout the day, and the decline narrowed in late trading. The Dow closed flat, the Nasdaq closed down 0.59%, and the S&P 500 closed down 0.16%. The S&P 500 and Nasdaq fell for a third day in a row.
    📝 Review:The U.S. stock market S&P 500 index closed down on Tuesday, Apple and Amazon fell, and Federal Reserve Chairman Powell is about to speak, which may give hints on the extent of future interest rate hikes. Apple fell 2.1 percent, its fourth straight session of losses.
    🕵️ Operation suggestion:go short Nasdaq index 11478.800 position, target price 11282.600

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