10/11 Market report

【Dow Jones】

Foreign reports said that before the U.S. inflation data was released, U.S. stocks fluctuated on Monday, with the Japanese line running three times black, as President Biden announced new export controls on chipmakers, which meant that both the U.S. dollar and the U.S. dollar hit their lowest levels in two years.  

According to the Department of Commerce's Bureau of Industrial Safety, the ban will be applied to US chip manufacturers to limit China's ability to acquire advanced computing chips or further develop AI and supercomputers, lest they be used to harm US national security and foreign policy interests.

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, and the short-term KD indicator shows a dead cross, indicating that the rebound in the market has been under pressure and there is a possibility of a pullback in the near future.

USA30-D1:Downtrend

Price point: 31273

Current transactions:Hold empty orders with targets at 29000 and 28800

Alternatives:Set 32800 and 33200 after the price hit 31273

Comments:The RSI value of 37.04% was wide.

【Euro】

The Sentix investor confidence index for the euro zone fell to -38.3 in October, from -31.8 to -34.7. The index fell to its lowest level since March 2020, suggesting a deep recession.  

The continued uncertainty over the winter natural gas and energy situation has not been reduced by the attack on the North Stream pipeline. Besides economic worries, the possibility of an escalation of military conflicts in Ukraine is also increasing. There is little reason for the euro to rise.

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 indicator is low-grade and passive, indicating that at the beginning of the current stage, the main driving force for the market is to switch to the empty side.

EURUSD-D1:Downtrend

Price point: 1.00000

Current transactions:Hold empty orders with targets at 0.97200 and 0.97000

Alternatives:Set 1.00200 and 1.00500 after the price hit 1.00000

Comments:The RSI value of 42.85% was wide.

【Gold】

Chicago Fed President Charles Evans said in a speech at the annual meeting of the National Business and Economics Association on Monday that the Federal Open Market Committee should raise the federal funds rate to above 4.5% by early 2023 and keep it high for a period of time to ease inflation.

According to a report issued by Toyoda Bank last Friday, the overall inflation rate in the United States may fall below 8% in September for the first time since February. Core inflation is likely to fall to 6.6%, the hottest level since 1982. As the dollar rose, gold was again hit.

In the technical line of gold's daily line, the long-term Alligator is tangled, indicating that there is no obvious trend in the long-term trend of gold at present, and the short-term KD index is dead crossing, indicating that gold is under the pressure of falling back at this stage.

XAUUSD-D1:Uptrend

Price point: 1614

Current transactions:Hold multiple orders with targets at 1668.8 and 1669.2

Alternatives:Set 1612.5 and 1611.8 after the price hit 1614

Comments:The RSI value of 43.82% was too high.

【Crude Oil】

Although OPEC+ is about to cut production, several people familiar with the matter disclosed that Saudi Aramco has told at least seven Asian customers that it will still supply all the supplies in the contract in November, which means that it will maintain stable oil supply to Asia. In addition, the price of crude oil sold to Asian customers remained largely unchanged in November.

In the technical line of the Japanese crude oil, the long-term Alligator is tangled, indicating that the crude oil in the long-term trend has begun to be chaotic and the short-term KD index is showing high-grade passivation, indicating that the bulls have begun to have the strength to rise, and then continue to rise to break through the pre-wave pressure. I am afraid the strength to rise will be stronger.

USOIL-D1:Uptrend

Price point: 76.52

Current transactions:Hold multiple orders with targets at 92.20 and 93.50

Alternatives:Set 75.2 and 75.8 after the price hit 76.52

Comments:The RSI value of 57.94% was too high.

OnePro Special Analyst

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This is a personal opinion and does not represent anyopinion of OnePro Global, nor is there any guarantee of reliability, accuracy or originality in the foregoing.

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