Hot spot tracking

  • EU postpones Russia oil price cap talks until Monday
  • Russia drafts decree banning oil sales to parties involved in Russian oil price cap
  • German Chancellor Scholz made it clear that he will insist on imposing a ban on Russian oil at the end of this year

Product Hot Comment

  • Forex
    The U.S. dollar took a breather due to quiet trading during the holidays. The U.S. dollar index rose more than 0.5% on the day to 106.44, but then fell back, and finally closed up 0.41% at 106.06. The U.S. dollar index fell nearly 1% for the week. Non-US currencies generally fell last Friday. The euro fell 0.5% against the dollar at one point, the pound fell 0.4% against the dollar and fell below the 1.21 mark, and the dollar against the yen broke through the 139 mark.
    📝 Review:The dollar was broadly higher on Friday in thin trade following the U.S. Thanksgiving holiday, but remained near multi-month lows, with the prospect of a slower pace of policy tightening by the Federal Reserve still weighing on the pressure.
    🕵️ Operation suggestion:long EUR/USD at 1.03693, with a target price 1.04793
  • Gold
    Spot gold fluctuated with the rise and fall of the US dollar. It fell from above 1760 to 1745 at the intraday session, and then rose back to above 1750. It finally closed down 0.13% at $1753.55/oz. Spot silver closed down 0.25% at $21.45/oz. .
    📝 Review:Gold steadied below a one-week high on Friday on a firmer dollar, but was set for only modest gains this week on expectations that the Federal Reserve's stance on raising interest rates will soften.
    🕵️ Operation suggestion:Go long at 1751.37, the target price is 1768.47
  • Crude Oil
    Crude oil turned from up to down, as the European Union once again postponed negotiations on Russian oil price limits, oil prices wiped out more than 2% of intraday gains and turned down. WTI crude oil closed down 1.81% at $76.53 a barrel, a drop of nearly 5% last week. WTI crude oil has fallen for three consecutive weeks, during which it has fallen by nearly 18%. Last week, it closed at the lowest settlement price since January 3, and the increase this year narrowed to 1.4%. Brent crude oil closed down 1.44 percent at $83.79 a barrel.
    📝 Review:Oil prices fell 2% on Friday in a thinly traded market, a week dominated by demand concerns and Western haggling over a cap on Russian oil prices.
    🕵️ Operation suggestion:go short at 76.093, the target price is 75.208
  • Indice
    The three major U.S. stock indexes diverged. The Dow closed up 0.45%, the Nasdaq closed down 0.52%, and the S&P 500 closed down 0.02%. On Black Friday, the retail sector of the U.S. stock market was the biggest gainer, and Nordstrom closed up 2%. Macy's closed up 1 percent, while Walmart edged up 0.4 percent. Manchester United's ADR closed up 13%, and it rose 62% last week, the largest weekly increase on record. Last week, the S&P 500 rose 1.54%, the Dow rose 1.78%, and the Nasdaq rose 0.72%.
    📝 Review:The U.S. stock market Nasdaq ended lower in thin trading last Friday, with trading hours shortened by the holiday, Apple under pressure, and investors focused on Black Friday sales and the epidemic. Investors focused on retailers, with Black Friday sales kicking off against a backdrop of stubbornly high inflation and cooling economic growth.
    🕵️ Operation suggestion:short Nasdaq index at 11707.000 position, target price 11582.500

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