Hot spot tracking

  • EU signals no cap on gas prices
  • Turkey says it has started paying some Russian gas bills in rubles
  • Germany's net debt to more than double to 45 billion euros next year

Product Hot Comment

  • Forex
    On Tuesday (November 8), as investors welcomed the US mid-term elections and October CPI data, the US dollar index continued to fall, falling below 110 for the first time since October 27, closing down 0.56% at 109.60. The euro against the dollar turned up and returned to the top of the parity level, the pound against the dollar once touched 1.16, and the dollar against the yen fell below the 146 mark.
    📝 Review:The dollar fell on Tuesday as a rise in German bond yields boosted the euro, but a strong U.S. consumer price index later this week could reverse the dollar's losses. Markets are eyeing the U.S. midterm elections, a result that is likely to push Washington into an era of bipartisan congressional government that could thwart Democrats' massive social spending plans.
    🕵️ Operation suggestion:long GBP/USD at 1.15460, target price 1.16476
  • Gold
    Spot gold suddenly rose sharply and broke through the 1710 mark in the US market. It once rose more than 52 US dollars from the intraday low, and successively broke through the four integer marks of 1680 to 1710 US dollars, and finally closed up 2.22% at 1712.58 US dollars per ounce. Spot silver once rose 4% in the day, breaking through US$21.60/oz, and finally closed up 2.68% at US$21.35/oz.
    📝 Review:Gold prices rose more than 2 percent on Tuesday, breaking above the key $1,700 an ounce level, after the dollar and U.S. Treasury yields fell and there was some technical buying as markets remained focused on U.S. inflation data due later in the week.
    🕵️ Operation suggestion:long at 1712.07, the target price is 1729.27
  • Crude Oil
    Although the dollar continued to weaken, oil prices fell for the second day in a row. WTI crude oil closed down 3.49% at $88.67 per barrel; Brent crude oil closed down 2.94% at $95.08 per barrel. NYMEX US December natural gas futures closed down 11.61%, while the European benchmark Dutch TTF natural gas futures rose more than 7%
    📝 Review:Oil prices fell more than $2 in choppy trade on Tuesday, amid mounting fuel demand concerns and nervousness over the outcome of the U.S. midterm elections.
    🕵️ Operation suggestion:long at 88.360, the target price is 91.409
  • Indice
    U.S. stocks turned down several times during the session and recovered in late trading. The Dow closed up 1.02%, the Nasdaq closed up 0.49%, and the S&P 500 closed up 0.56%. Most of the star technology stocks closed higher, Paypal closed up about 4%, Netflix closed up about 2%, and Tesla fell for three consecutive trading days, closing down about 3%.
    📝 Review:U.S. stocks closed higher on Tuesday, ahead of polls in the U.S. midterm elections that will determine control of the U.S. Congress and investors betting there will be a political gridlock that could prevent major policy changes ahead. It was the third straight day of gains for U.S. stocks, with the Dow Jones Industrial Average down less than 10% so far this year.
    🕵️ Operation suggestion:short the Nasdaq index is at 11080.300, the target price is 10738.800

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