09/26 Market report

 【Dow Jones】

Fears of a recession in major economies increased as interest rates rose, causing global stock markets to plunge on the 23rd. Dow Jones fell below the 30,000 mark and was on the verge of a bear market. The dollar hit a 22-year high and bonds were sold off again. Analysts believe that almost all assets will be sold indiscriminately in the short term, and unless the Federal Reserve plots a soft landing, there will be little optimism in the market.

U.S. 10-year Treasury yields stood at 3.69%, the highest since 2010. Bond yields are inversely proportional to prices, with Bank of America reporting that global bond losses could hit their worst since 1949.

Among 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, the short-term KD indicator has entered the low-grade passivation zone, and both the long-term and short-term indicators are relatively short, and the empty side is currently the dominant one.

USA30 Trend: Downtrend

Price point: 31273

Current transactions:Hold empty orders with targets at 29200 and 29000

Alternatives:Set 32800 and 33200 after the price hit 31273

Comments:The RSI value of 25.95% was off the mark.

【Euro】

Economists forecast that consumer prices will rise to an all-time high and inflation in the euro zone could hit another record last month, with a median forecast of 9.7%, putting pressure on the European Central Bank as it considers how to aggressively raise interest rates.

The data of 19 countries in the euro zone will be released on Friday (30th), as the previous data has provided a key impetus for expanding austerity policies in the past two meetings of the European Central Bank, and the new report may be one of the most important factors influencing the next decision.

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, the short-term KD index has entered the low-grade passivation zone, and both the long-term and the short-term are short, with the empty side taking the lead at present.

EURUSD daily trend: Downtrend

Price point: 1.00500

Current transactions:Hold empty orders with targets at 0.96350 and 0.96200

Alternatives:Set 0.99200 and 0.99000 after the price hit 1.00500

Comments:The RSI value of 25.41% was off the mark.

【Gold】

Gold futures fell on Friday (23rd) to close at a two-year low, despite a surge in interest rates from central banks around the world that could trigger a recession, as the dollar rallied against major currencies and short-term bond yields soared in line with the outlook for US interest rates, both weakening the allure of gold.

The Federal Reserve raised interest rates three times this week by three yards (75 basis points) and hinted at higher rates than market participants had expected. Many countries have followed up the interest rate hike, which has made investors more and more worried about the economic outlook.

In the technical line of the Japanese gold line, Alligator of the long line is dead and crossed, indicating that the gold long line is bearish and the short-term KD index goes into low-grade passivation. At present, the long line is bearish and the short line is too many. At present, the support below is not broken, and many parties have begun to fight back.

XAUUSD daily trend:Downtrend

Price point: 1734

Current transactions:Hold empty orders with targets at 1632.8 and 1631.8

Alternatives:Set 1735.2 and 1736.5 after the price hit 1734

Comments:The value of RSI was 29.01% and the market was relatively empty.

【Crude Oil】

American petroleum institute Monthly said that in August, US oil demand increased by 2.2% to 20.2 million barrels per day from the previous month, mainly because oil prices followed the decline in crude oil prices to drive consumption, as well as the impact of improved confidence in industrial production and consumption to revive demand. From January to August 2022, domestic oil demand in the United States increased by 2.9% a year, among which oil refining production has exceeded 16 million barrels per day for six consecutive months, and the utilization rate of oil refinery capacity has remained above 92% for four consecutive months.

In the technical line of the Japanese crude oil, the long-term Alligator shows a dead cross, indicating that the long-term crude oil trend is relatively empty, and the short-term KD index shows low-grade passivation, indicating that short-term selling pressure is also beginning to appear, and the price trend is not too high at present. the market is still dominated by the empty side.

USOIL Japan Trend:Downtrend

Price point: 90.52

Current transactions:Hold empty orders with targets at 78.80 and 78.20

Alternatives:Set 92.5. and 93.8 after the price hit 90.52

Comments:The RSI value of 33.71% was off the mark.

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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