09/28 Market report

 【Dow Jones】

Wall Street digested a new wave of comments from Federal Reserve officials. The economic data were mixed, with 10-year U.S. bond yield approaching 4.00%. U.S. stock index closed mixed on Tuesday (27th). Energy stocks surged as oil prices pulled out of a nearly nine-month low, but utility and essential consumer goods stocks were under heavy selling pressure.

James Bullard, the hawkish general, the president of St. Louis United's quasi-bank, pointed out that the inflation pressure threatened the credibility of the union's inflation target and the union needed to respond appropriately. Neel Kashkari, president of the Minneapolis Fed, said the Fed would need to keep tightening until there was convincing evidence that core inflation was falling.

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-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 24.09% was wide.

【Euro】

Christine Lagarde, president of the European Central Bank, warned on the 26th that the economic winter in Europe is coming, as the war in Ukraine has sent food and energy prices soaring, weakening people's ability to consume, and business activity will slow down significantly. The euro area's economy will have negative growth in the fourth quarter of this year and the first quarter of next year, and 2023 will be a “very difficult” year.

The European Central Bank followed in the footsteps of the United States Federal Reserve and sharply raised interest rates to fight inflation. The inflation rate in the 19 euro-zone countries reached 9.1% in August, far higher than the “ideal” figure of 2%.

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-D1:Downtrend

Price point: 1.00500

Current transactions:Hold empty orders with targets at 0.95500 and 0.95200

Alternatives:Set 0.99200 and 0.99000 after the price hit 1.00500

Comments:The RSI was 22.34% off the mark.

【Gold】

Juan Carlos Artigas, head of global research at the World Gold Council, reported that the dollar's strong momentum continued to weigh on gold prices, with gold futures falling to a two-and-a-half-year low this week and the dollar index hitting a new high in more than 20 years. However, gold's cumulative decline of about 10% so far this year is still better than the performance of the stock market and bond market, especially if the dollar index has risen about 20% so far this year, and the trend of bond yield, in theory, gold should fall about 30%.

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-D1:Downtrend

Price point: 1688

Current transactions:Hold empty orders with targets at 1623.8 and 1622.8

Alternatives:Set 1689.2 and 1689.5 after the price hit 1688

Comments:The value of RSI was 28.75% and the market was on the short side.

【Crude Oil】

With the US dollar soaring and risky assets shrinking, the price of oil began to reflect the result of a severe economic recession last Friday. It is very likely that energy composite products will continue to fluctuate violently, with a greater risk of price downward in the short term.

In the long run, the supply side will remain tight, and even if the market reflects a more severe recession in prices, there is still the possibility of overreaction. Once China restarts its economy, it should offset any demand disruptions caused by the recession and keep the global oil market tight.

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-D1:Downtrend

Price point: 90.52

Current transactions:Hold empty orders with targets at 77.20 and 76.80

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

Comments:The RSI value of 35.19% was wide.

OnePro Special Analyst

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