11/04 Market report

 【Dow Jones】

US Federal Reserve Chairman Powell warned after a regular meeting on the 2nd that US terminal interest rates may be higher than previously predicted, spurring the US 2-year bond yield, which is more sensitive to interest rates, to break through 4.7%, a new high since July 2007, with the yield surging and the US dollar index surging past the 112 and 113 levels, causing the US stock market to record a four-black streak on Thursday.

A number of data were released on Thursday; The number of first-time jobless claims fell by 1,000 to 217,000 in the week ended October 29, beating expectations of 220,000 and nearing a record low. However, the number of people who continued to apply for unemployment benefits in the week ended October 22 increased by 47,000 to a high of 1.485 million since March, higher than the estimated 1.45 million.

Among the daily technical indicators of the Dow Jones industrial average, Alligator shows a gold cross, indicating that the long-term Dow Jones industrial average has an advantage in buying, while the short-term KD indicator shows a dead cross, indicating that the short-term selling pressure has appeared, and the index has started to fall from the short-term high-end.

USA30-D1:Uptrend

Price point: 30081

Current transactions: multiple orders held with targets at 32000 and 32200

Alternative: Set 30000 and 29800 after the price hit 30081

Comment: The RSI value of 58.19% is too high.

【Euro】

Lagarde, president of the European Central Bank (ECB), warned that the eurozone economy could face a “mild recession”, but that alone would not be enough to stop inflation from soaring.

Lagarde said on the 3rd: “We don't think a recession can tame inflation. ”A week ago, the ECB announced a 3-yard (0.75 percentage point) interest rate hike for the second time in a row to curb persistently high inflation. Despite the energy and inflation crisis triggered by the Russia-Ukraine war in the 19 euro-zone countries, doubts about a recession are growing.

In the euro zone's Japanese technical line, the long-term Alligator is tangled, indicating that in the long run the euro is easy to appear chaotic, and the short-term KD index is low-grade and passive, indicating that the short-term selling pressure appears and the short-term rising market is facing the opportunity to pull back.

EURUSD-D1: Downtrend

Price point: 1.00905

Current transactions: hold empty orders with targets at 0.99000 and 0.99200

Alternative: Set 1.01000 and 1.01200 after the price hit 1.00905

Comment: The RSI value of 42.23% is on the short side.

【Gold】

Jerome Powell, chairman of the United States Federal Reserve, also hinted that the rate hike will slow down in the future if the market expects another 3-yard hike on Wednesday, but the rate spike may be higher than originally expected. The latest electronic offer for new york gold futures fell 0.8% to $1,636.3 an ounce.

Gold holdings in SPDR Gold Shares (GLD), the world's largest gold ETF, fell 1.45 metric tons to 919.12 metric tons on the 2nd, the lowest level since February 2020.

In the technical line of gold's daily line, the long-term Alligator is dead and crossed, indicating that the long-term trend of gold is beginning to empty out, the short-term KD index is showing low-grade deviation, and the short-term buying is appearing. The situation that the gold price starts to support at this position is very high.

XAUUSD-D1: Downtrend

Price point: 1682

Current Transactions: Empty Orders Held, Target at 1628.8 and 1637.8

Alternative: Set 1683.5 and 1684.8 after the price hit 1682

Comment: The RSI value of 41.03% is on the short side.

【Crude Oil】

Saudi Arabia announced a cut in the price of crude oil sold to Asian markets, more than expected, reflecting the impact of the global economic slowdown on demand.

Saudi Aramco lowered the official selling price of Arabian light crude oil sold to Asia in December (OSP) by 40 cents, still $5.45 a barrel above the benchmark price in the Dubai-Oman market. Refiners and traders had originally forecast a 35-cent drop.

In the technical line of crude oil, the long-term Alligator is tangled, indicating that the trend of crude oil in the long-term trend is chaotic, and the short-term KD index is dead and crossed, indicating that the short-term oil price is beginning to fall back.

USOIL-D1:Uptrend

Price point: 82.18

Current transactions: hold empty orders with targets at 89.20 and 90.80

Alternative: Set 81.8 and 81.2 after the price hit 82.18

Comment: The RSI value of 52.79% is too high.

OnePro Special Analyst

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