Hot spot tracking

  • EU governments tentatively agree to $60-a-barrel price cap for Russian seaborne oil
  • DOE seeks moratorium on authorized SPR sales
  • Germany, Poland agree to deepen cooperation to replace Russian oil

Product Hot Comment

  • Forex
    The dollar index fell back below 105, its lowest level since August, and closed down 1.07% at 104.74 amid rising expectations of the Fed's slowdown in rate hikes. Non-US currencies soared. The US dollar fell 2% against the Japanese yen in the day, the euro rose above 1.05 against the US dollar, and the pound rose more than 2% against the US dollar. The U.S. 10-year Treasury yield fell 10 basis points to 3.50%. The U.S. 30-year Treasury yield fell 10 basis points to 3.633%.
    📝 Review:The dollar hit a 16-week low against a basket of major currencies on Thursday after data showed U.S. consumer spending rose at a solid pace in October and inflation moderated, adding to expectations that the Federal Reserve is closer to peaking interest rates.
    🕵️ Operation suggestion:long the EUR/USD position is at 1.05276, the target price is 1.05731
  • Gold
    The sharp drop in the U.S. dollar and U.S. bond yields boosted gold and silver soaring. Spot gold stood above $1,800 an ounce for the first time since August 15. It was more than $30 higher than its daily low and closed up 1.97% at $1,803.04 an ounce. Spot silver closed up 2.51% at $22.75 an ounce.
    📝 Review:Gold rose 2 percent on Thursday, pushing above the key $1,800 an ounce level, as the dollar weakened on the prospect of a slower pace of Federal Reserve rate hikes and signs of cooling U.S. inflation.
    🕵️ Operation suggestion:go long at 1802.53, the target price is 1809.68
  • Crude Oil
    On the eve of the OPEC+ meeting, crude oil rose by more than 3% in the day, and some gains were given up in late trading. WTI crude oil closed up 1.13% to $81.39/barrel; Brent crude oil closed up 0.39% to $87/barrel.
    📝 Review:Oil prices were mixed on Thursday, trading in a tight range, having rebounded earlier in the session, helped by a weaker dollar and hopes of improving fuel demand.
    🕵️ Operation suggestion:go short at 81.389 position, target price 79.887
  • Indice
    On the eve of the non-farm payrolls, the cautious sentiment spread. US stocks closed mixed. The Dow closed down 0.56%, the Nasdaq closed slightly up 0.13%, and the S&P 500 closed down 0.09%. Gold stocks and WSB concept stocks were among the biggest gainers, while most airline stocks pulled back. The fear gauge VIX fell below 20 for the first time since August.
    📝 Review:U.S. stocks ended mixed on Thursday, with a sell-off in Salesforce shares weighing on the Dow, while traders digested U.S. data that the Federal Reserve's interest rate hikes were working.
    🕵️ Operation suggestion:short Nasdaq index at 12022.200, target price 11921.600

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