Hot spot tracking

  • New Fed News Agency expects rate hike or slowdown in December
  • U.S. may cap Russian oil prices above $60 a barrel
  • German parliament votes to approve 200 billion euro emergency relief fund to tackle energy crisis

Product Hot Comment

  • Forex
    Last Friday (October 21), the U.S. dollar index first rose sharply to 113.97, but reversed sharply after the “New Federal Reserve News Agency” published an article, down nearly 2%, and finally closed down 0.877% at 111.86. The yen staged a major counterattack. After falling below the 152 mark, it rose as high as 2.7% against the dollar to 146.23, the largest increase since March 2020.
    📝 Review:The dollar index was down 0.7 percent after hitting a three-week high of 113.95 earlier in the session. While Fed officials were bracing for another big rate hike in November, some officials expressed greater concern about a sharp hike to fight inflation, a report said. Subsequently, the dollar came under pressure.
    🕵️ Operation suggestion:go short GBP/USD at 1.13153, target price 1.11692
  • Gold
    Spot gold rose sharply from the daily low of 1617.21 and exceeded 1650 US dollars per ounce, reaching as high as 1657.97, and finally closed up 1.89% at US$1657.82 per ounce; spot silver quickly rose above US$19 per ounce, and closed sharply by 4.28% at US$19.41 per ounce. ounce.
    📝 Review:Gold rose more than 1 percent on Friday as reports of a possible debate among Fed officials over the pace of rate hikes sent the dollar tumbling. Gold prices recorded weekly gains.
    🕵️ Operation suggestion:go long at 1658.40, the target price is 1675.54
  • Crude Oil
    The return of speculation helped crude oil rise. WTI crude oil closed up 0.63% at US$86.16 per barrel; Brent crude oil closed up 0.92% at US$93.92 per barrel. U.S. natural gas futures extended losses, falling below $5/MMBtu, hitting a new seven-month low. European natural gas fell more than 10%, and fell more than 20% for the week.
    📝 Review:Oil prices closed higher on Friday as hopes for stronger demand and a weaker dollar outweighed concerns about a global economic slowdown and the impact of higher interest rates on fuel use.
    🕵️ Operation suggestion:go long at 85.058, the target price is 86.919
  • Indice
    US stocks collectively closed higher, the Dow closed up 2.47%, the Nasdaq closed up 2.31%, and the S&P 500 closed up 2.37%. Most sectors were higher, with photovoltaics and vaccines among the top gainers. Large technology stocks generally closed higher, with Netflix closing up nearly 8%. Snap closed down more than 28% after the results, dragging down the social media sector to underperform the market. Last week, the Dow rose 4.89%, the Nasdaq rose 5.22%, and the S&P 500 rose 4.75%, the biggest weekly gains since June.
    📝 Review:U.S. stocks rose on Friday after reports that the Federal Reserve could debate a smaller rate hike in December, raising hopes that the central bank may be ready to take a less aggressive policy stance.
    🕵️ Operation suggestion:Go long the Nasdaq at 11436.000, target price 11635.600

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