Hot spot tracking

  • The Bank of England launches emergency bond purchases to try to turn the tide in the financial turmoil caused by tax cuts
  • UK 30-year bond yields suffer biggest daily drop in 30 years after BoE announces long-term bond purchases
  • U.S. Treasury yields post biggest one-day drop in 13-1/2 years

Product Hot Comment

  • Gold
    As of 17:00 (GMT+8), spot gold fell 1.07% to US$1,641.98 per ounce; the main COMEX gold futures contract fell 1.20% to US$1,650.1 per ounce
    📝 Review:Fears of a global recession and hawkish central bank actions have been the main drivers behind the recent rally in the dollar. However, it is worth noting that rumors of a sharp interest rate hike by the European Central Bank and the unexpected announcement of the Bank of England's bond-buying program triggered gold prices to record nearly 1.9% in the previous day. The biggest one-day gain in six months.
    🕵️ Operation suggestion:go short at 1647.12, the target price at 1614.75.
  • Forex
    As of 17:00 (GMT+8), after hitting a low of 0.9535, the euro rose 1.52% to $0.9739 in late trading. The pound against the US dollar reversed the sharp decline and rebounded and rose on Wednesday, reaching as high as $1.09165 in volatile trading and as low as $1.05390, and rose 1.51% to $1.08921 at the end of the session. USD/JPY dipped 0.55% on Wednesday, again temporarily moving away from the 145 level.
    📝 Review:When the news of Beixi-1 and Beixi-2 was leaked before, the euro against the dollar once fell to 0.9535, refreshing the low in 20 years. Since the Russian-Ukrainian conflict in February this year, high energy prices in the euro have hit the local economy hard. A survey released by S&P Global recently showed that the recession in the euro zone deepened in September, and business conditions deteriorated for the third consecutive month.
    🕵️ Operation suggestion:go short EUR/USD at 0.96628, the target price at 0.95602.
  • Crude Oil
    As of 17:00 (GMT+8), U.S. crude oil fluctuated within a narrow range and was currently trading around $81.63 per barrel, holding on to the sharp overnight gains.
    📝 Review:Overnight, EIA crude oil inventories and gasoline inventories unexpectedly fell, and refined oil inventories fell much more than expected, providing momentum for a rebound in oil prices, and the dollar fell sharply on Wednesday, and European and American stock markets rebounded across the board, which also supported oil prices. It is expected to annex the occupied Ukrainian territory in a few days, aggravating the concerns of the European energy crisis and the geopolitical situation. There are also some signals of bottoming out on the technical side.
    🕵️ Operation suggestion:go short at 80.662, the target price is 78.015.
  • Indice
    As of 17:00 (GMT+8), the Taiwan Weighted Index fell 1.666% to 13442.6 points; the Nikkei 225 Index fell 1.756% to 26226.6 points; Hong Kong's Hang Seng Index fell 3.188% to 17107.2 points; Australia's S&P/ASX200 Index It fell 0.723% to 6509.05 points.
    📝 Review:Asia-Pacific stock markets rebounded, but to a limited extent, with the exception of Australia's stock market, which rose 1.4% and Thailand's stock market, which rose more than 1%, the rest of the market rose less than 1%.
    🕵️ Operation suggestion:short The Taiwan Weighted Index at 13435.1, the target price is 13324.5

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