10/10 Market report

 【Dow Jones】

U.S. non-farm data exceeded expectations in September and the Federal Reserve will maintain its hawkish interest rate hike. Major U.S. stock indexes fell sharply on Friday, with the Dow Jones industrial average plunging 630 points to close. The Fed is expected to maintain aggressive interest rate hikes amid higher-than-expected employment data, but experts believe the non-farm report will not affect the Fed's decision, but only the two inflation figures to be released this week.

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 37.7% was wide.

【Euro】

The weak German retail sales figures have unsettled euro bulls. Retail sales in the eurozone fell at an annualised rate of 4.3%, but were still better than expected at 5.1%. The monthly retail sales rate in Germany fell by 1.3%, lower than expected by 1%.

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 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】

According to the CME Fedwatch tool, the probability of the Fed announcing a 75 basis point rate hike has soared to 82%. The probability of raising interest rates by 75 basis points for the fourth time in a row continues to rise as the US Non-farm Employment Data (NFP) is better than expected. The higher probability that the dollar will continue to appreciate will put a lot of pressure on gold.

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 1697.8 and 1698.2

Alternatives:Set 1612.5 and 1611.8 after the price hit 1614

Comments:The RSI value of 50.46% was too high.

【Crude Oil】

Brent crude and WTI crude both saw strong gains this week after OPEC+ and its allies agreed on Wednesday to cut production by 2 million barrels per day from November.

Colin Cieszynski, chief market strategist at SIA Wealth Management, said: Concerns about the global economic weakness have been depressing oil prices for weeks, but this week OPEC+stood opposite the US and other countries' politics and central banks, indicating to the world that it was prepared to cut production to defend prices, and market sentiment changed accordingly. 」

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 94.20 and 94.50

Alternatives:Set 75.2 and 75.8 after the price hit 76.52

Comments:The RSI value of 60.09% 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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