Hot spot tracking

  • Boston Fed President Collins: 75 basis point rate hike in December remains a possibility
  • G7 may announce price cap on Russian oil exports on Wednesday
  • U.S. existing home sales fall for 9 straight months, longest losing streak on record

Product Hot Comment

  • Forex
    The U.S. dollar index fell below 106.40 in the European stock market in early trading, and approached 107 in the U.S. stock market at noon. However, it failed to recover the mark by the end of the day. It closed up 0.26% at 106.97, rising for two consecutive days and ending a four-week losing streak.
    📝 Review:The dollar edged higher on Friday, notching its biggest weekly gain in more than a month, as investors focused on rising bond yields and continued to place bets on the Federal Reserve's path of rate hikes. As the trade unfolded, the dollar gathered momentum, firming against the euro and yen but inching lower against sterling, which pared some losses and was volatile following the release of Britain's latest budget on Thursday.
    🕵️ Operation suggestion:go long EUR/USD at 1.03296, target price 1.04800
  • Gold
    Spot gold fell below the $1,750 mark in the intraday session, and barely held the mark at the close, closing down 0.55% at $1,750.87 an ounce; spot silver fell slightly by 0.03% to $20.95 an ounce.
    📝 Review:Gold prices fell on Friday and fell for the week as Federal Reserve officials said they would keep raising interest rates to fight inflation. Spot gold fell 0.7 percent to $1,748.84 an ounce, down about 1.3 percent for the week, its biggest drop since mid-October.
    🕵️ Operation suggestion:go long at 1751.70, the target price is 1785.44
  • Crude Oil
    Crude oil fell sharply in the intraday session. U.S. oil fell 5% at one point, breaking the $77 mark, and cloth oil fell below $86/barrel at the lowest level. Then the two oils rebounded. Finally, WTI crude oil closed down 2.33% at $80.14/barrel; It closed down 2.39 percent at $88.67 a barrel. Dutch natural gas futures, the TTF benchmark in continental Europe, closed up 2.62% at 115.509 euros/MWh, up 18.04% last week, ending a six-week losing streak. NYMEX December natural gas futures closed down 1.03% at $6.3030 per million British thermal units, up 7.21% last week.
    📝 Review:Oil prices ended about 2 percent lower on Friday, marking a second straight weekly loss on concerns over falling demand and further rises in U.S. interest rates. For the week, both benchmarks fell, with Brent down about 9% and WTI down about 10%. A stronger dollar weighed on oil prices. Changes in the market structure of the two benchmark contracts reflected easing concerns about supply.
    🕵️ Operation suggestion:short 80.196 position, target price 75.787
  • Indice
    The performance of US stocks was relatively calm, and the expiration of US$2.1 trillion in options did not cause much market volatility. The Dow closed up 0.59%, the S&P 500 closed up 0.48%, and the Nasdaq closed close to flat. The energy sector was the largest decliner, while the public utilities and medical sectors performed better.
    📝 Review:The U.S. stock benchmark S&P 500 ended higher in choppy trade on Friday, as gains in defensive stocks outweighed losses in energy stocks and investors shrugged off hawkish comments from Federal Reserve officials about raising interest rates.
    🕵️ Operation suggestion:long the Nasdaq index at 11679.800, and the target price is 12092.100

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