10/14 Market report

 【Dow Jones】

U.S. Stocks Perform Big Reversal. After the release of higher-than-expected inflation data in September in the United States, the Dow Jones industrial average fell by nearly 550 points at one point before buying emerged, with the Dow Jones industrial average soaring 827 points in the end.

Labor Department data showed that the U.S. consumer price index (CPI) rose 8.2% a year in September and inflation was higher than market expectations, giving the Federal Reserve reason to continue to aggressively raise interest rates. The Dow Jones index was down nearly 550 points in early trading, with the S&P 500 and Nasdaq down more than 2% and 3%, respectively, to their lowest levels since November 2020.

In the daily technical indicators of the Dow Jones industrial average, Alligator shows a dead cross, indicating that the long-term direction of the Dow Jones industrial average is relatively empty, while the short-term KD index shows a gold cross, indicating that the support of the market has reappeared, and the next drop will depend on whether the upward pressure has broken through.

USA30-D1:Downtrend

Price point: 31273

Current transactions:Hold empty orders with targets at 30000 and 29800

Alternatives:Set 32800 and 33200 after the price hit 31273

Comments:The RSI value of 49.25% was wide.

【Euro】

The dollar's exchange rate against most currencies fluctuated in new york on Thursday. It was initially boosted by higher-than-expected inflation in the United States, but then turned down. It is obvious that some investors think the market's initial reaction is excessive. The dollar index, which tracks the dollar against a basket of currencies, fell 0.84%, and the euro also rebounded as a result.

In the technical line of the euro zone's Japan line, the long-term Alligator forms a dead cross, indicating that the euro has fallen in the long run, and the short-term KD index presents a gold cross, indicating that there is a buying order below and the euro has a stop-loss sign for the time being.

EURUSD-D1:Downtrend

Price point: 1.00000

Current transactions:Hold empty orders with targets at 0.97500 and 0.97200

Alternatives:Set 1.00200 and 1.00500 after the price hit 1.00000

Comments:The RSI value of 46.87% was on the short side.

【Gold】

Thursday's data showed that inflation in the United States was stable and rising in September, further reinforcing the expectation of the Federal Reserve to continue to raise interest rates significantly, stimulating the dollar index to expand its rebound since October 5, and depressing the gold price to return to its downward trend since last week.

Specific data show that the US CPI in September was 8.2% at an annual rate, which was still stronger than the expected 8.1% although it was down from the previous 8.5%. Of particular note is that the core CPI's annual rate exceeded expectations by 6.5% to 6.6%, and was higher than the previous 6.3%, refreshing the nearly 30-year high set in March this year.

After the release of the US CPI data, the CME Federal Reserve's observation tool showed that the probability of a 75 basis point rate increase at the November meeting was almost 100%, and even a 100 basis point rate increase bet was once again made.

In the technical line of gold's daily line, the long-term Alligator is tangled, indicating that there is no obvious trend in the gold's long-term trend. the short-term KD index shows a gold crossover, indicating that the strength of gold's short-term buying is getting stronger and stronger.

XAUUSD-D1:Uptrend

Price point: 1614

Current transactions:Hold multiple orders with targets at 1663.8 and 1664.2

Alternatives:Set 1612.5 and 1611.8 after the price hit 1614

Comments:The RSI value of 4a2.81% was wide.

【Crude Oil】

The International Energy Agency (IEA) said last week's decision by OPEC+ to cut oil supplies pushed up oil prices and could push the global economy into recession. According to foreign reports, the IEA pointed out that the continuous deterioration of the economy and the rise in oil prices triggered by the OPEC+ supply reduction plan are slowing down the global oil demand. Under the influence of continuous inflation pressure and interest rate increase, the increase in oil price may push the global economy already on the brink of recession into a deep valley.

The IEA's stern warning underlines its differences with Saudi Arabia. Saudi Arabia is the world's largest oil exporter and the actual leader of OPEC. The actual loss of supply could be around 1 million barrels per day instead of the 2 million barrels per day announced by OPEC+. Capacity restrictions that limit production in other OPEC members mean that Saudi Arabia and the United Arab Emirates will bear most of the burden. 」

In the technical line of crude oil, the long-term Alligator is tangled, indicating that crude oil has begun to be chaotic in the long-term trend, and the short-term KD index is dead and crossed, indicating that the oil price is under pressure from the recent rebound, and the space for the short-term pullback is increased.

USOIL-D1:Uptrend

Price point: 76.52

Current transactions:Hold multiple orders with targets at 89.80 and 91.50

Alternatives:Set 75.2 and 75.8 after the price hit 76.52

Comments:The RSI value of 53.82% was too high.

OnePro Special Analyst

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