10/21 Market report

【Dow Jones】

U.S. stocks fell on Thursday as concerns about higher interest rates persisted, sending 10-year bond yields to a 14-year high. Interest rates are the main drag on the stock market, and there is no prospect of an environment that would allow the Fed to suspend interest rate hikes.

Patrick Harker, president of Philadelphia's Federal Bank, said the Fed would stop raising interest rates while high inflation continued. U.S. 10-year Treasury yields continued to hit a new high of 4.24% since 2008.

In the daily technical indicators of the Dow Jones industrial average, Alligator is tangled, indicating that the direction of the long-term Dow Jones industrial average is beginning to be chaotic, and the short-term KD indicator is dead and crossed, indicating that the strength of short-term selling has emerged, indicating that the strength of high-end pullback has emerged.

USA30-D1:Uptrend

Price point: 28598

Current transactions: multiple orders held with targets at 30500 and 30800

Alternative:Set 28500 and 28200 after the price hit 28598

Comment: The RSI value of 51.33% is too high.

【Euro】

Eurostat announced on the same day that the final value of CPI in the euro zone increased by 9.9% a year and 1.2% a month in September. Among them, the surge in energy prices contributed 4.19 percentage points per annum to inflation, 2.47 percentage points to food prices and 1.8 percentage points to service prices. Given the high inflation rate, the market expects the ECB's regular meeting next week to raise interest rates by another 3 yards.

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 shows a dead cross, indicating that short-term buying pressure has emerged, both the long-term and the short-term are biased towards short positions, and the chances of further falls are high.

EURUSD-D1:Downtrend

Price point: 1.00000

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

Alternative:Set 1.00200 and 1.00500 after the price hit 1.00000

Comment: The RSI value of 47.00% is on the short side.

【Gold】

COMEX)12 December gold futures closed up $2.6, or 0.2%, at $1,636.8 an ounce on October 20, with the dollar index down 0.04%.

The world's largest gold ETF, SPDR Gold Shares (GLD), saw its gold holdings fall 7.82 tonnes to 930.99 tonnes on the 20th, the lowest since March 2020.

In the technical line of the Japanese gold line, the long-term Alligator is dead and crossed, indicating that the long-term trend of gold is beginning to go empty, the short-term KD index is showing low-grade passivation, and the short-term selling pressure is emerging. The long-term and short-term trends are both going empty, and the chances of continuous decline in the future are very high.

XAUUSD-D1:Downtrend

Price point: 1642

Current transactions: hold empty orders with targets at 1625.8 and 1624.2

Alternative:Set 1683.5 and 1684.8 after the price hit 1682

Comment: The RSI value of 35.51% is on the short side.

【Crude Oil】

Although the Organization of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) are expected to cut production by 2 million barrels per day in November, and US crude oil inventories fell by 1.7 million barrels last week, supporting oil prices; However, in order to combat inflation, the US Federal Reserve was expected to raise interest rates again, so investors weighed the tightening of supply against the global economic recession, causing mixed oil prices in Europe and the United States in the end.

According to official U.S. data, the Strategic Petroleum Reserve (SPR) has fallen to its lowest level since mid-1984. However, this release of 15 million barrels of oil is only part of the previously announced release plan, so the impact on the oil market is limited.

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 a golden cross, indicating that oil prices are beginning to show support in the process of falling back.

USOIL-D1:Downtrend

Price point: 93.70

Current transactions: hold empty orders with targets at 84.80 and 84.20

Alternative:Set 93.8 and 94.2 after the price hit 93.70

Comment: The RSI value of 48.416% is on the short side.

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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