Hot spot tracking
- EU still fails to agree on Russian oil price cap
- OPEC+ to consider further output cuts at December meeting
- New York Fed President Williams: Need to keep restrictive policy until 2023, no rate cut until at least 2024
Product Hot Comment
Forex
Boosted by hawkish speeches from Fed officials, the U.S. dollar index began to rise sharply after falling to 105.33, reaching a peak of 106.76 and closing up 0.56% at 106.66. Non-US currencies fell under pressure, the Australian dollar fell by 1.5% against the US dollar in the day; the pound fell more than 1% against the US dollar in the day; the US dollar against the Canadian dollar stood at 1.35, a new high since the 10th of this month.📝 Review:The dollar recovered from earlier losses on Monday as a hawkish Federal Reserve official made the case for further rate hikes, while the Australian dollar fell on concerns about turmoil from the outbreak.🕵️ Operation suggestion:go short EUR/USD at 1.03428, target price 1.02261.Gold
Spot gold fell from above 1763, losing $1740/oz during the day, closing down 0.67% at $1741.78/oz; spot silver lost the $21 barrier, closing down 2.39% at $20.94/oz.📝 Review:Gold prices retreated from more than a week high on Monday as the dollar recovered from an intraday low and Federal Reserve officials made hawkish remarks, reiterating their commitment to fighting inflation. Spot gold was down 0.8% at $1,741.35 per ounce, after hitting its highest since Nov. 18 earlier in the day.🕵️ Operation suggestion:go short at 1741.33 , target price 1730.99.Crude Oil
WTI crude oil rose more than 2% to $77.8/barrel and Brent crude oil stood at $84/barrel during the day. At the end of the day, WTI crude closed down 0.01% at $76.52/barrel and Brent crude closed down 0.69% at $83.21/barrel.📝 Review:Global index oil contracts recovered from their lowest levels in nearly a year on Monday, with U.S. crude closing higher as rumors of an OPEC+ production cut offset concerns about demand.🕵️ Operation suggestion:go short at 76.643, target price at 73.786Indice
U.S. stocks closed lower collectively, with the Dow Jones closing down 1.45%, the S&P 500 closing down 1.51% and the Nasdaq Composite closing down 1.58%. Cruise ships, department stores, gold and most other sectors were lower.📝 Review:U.S. stocks closed sharply lower Monday as worries about economic growth increased and Apple slumped on fears of a hit to iPhone production. Apple stock fell 2.6 percent, putting a major drag on the benchmark S&P 500 index.🕵️ Operation suggestion:go short Nasdaq at 11596.100, target price 11492.100.
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