Norway's largest oil field has resumed production; gold has returned to $2,630!

TOPONE Markets | 2024-11-20 11:39

Abstract：Hot spot tracking Fed's Schmid: Larger fiscal deficits will not cause inflation because the Fed will prevent it, although it may mean higher interest rates. Bullish for the dollar. Putin signe

Hot spot tracking

Fed's Schmid: Larger fiscal deficits will not cause inflation because the Fed will prevent it, although it may mean higher interest rates. Bullish for the dollar.

Putin signed a decree allowing for wider use of nuclear weapons. Ukrainian army used US Army tactical missile system to attack Russian territory for the first time. Russia: The position is that nuclear war will not happen. US: There is no reason to adjust the nuclear posture due to Russia's decision.

The Bank of Japan will defend rate hikes at its policy review next month. Bullish for the yen.

Product Hot Comment

Forex
ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.02%1.059591.05955GBP/USD▲0.02%1.268191.26785AUD/USD▲0.39%0.653450.65344USD/JPY▲0.00%154.647154.596GBP/CAD▼-0.40%1.769831.76936NZD/CAD▼-0.08%0.824880.82529
???? Review:On Tuesday, the US dollar index continued its downward trend, rising to 106.64 in the European session. It then gave up all gains in the US session and finally closed down 0.41% at 106.23. The benchmark 10-year US bond yield closed at 4.4020%; the 2-year US bond yield closed at 4.2910%.
????️ Operation suggestion:USD/JPY 154.643 Buy Target Price 155.612

Gold
ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.77%2632.152632.1Silver▲0.11%31.19331.2
???? Review:Spot gold climbed for the second consecutive trading day as the escalating tensions between Russia and Ukraine triggered a rush for safe-haven assets while investors awaited key signals on the Federal Reserve's interest rate plan. It finally closed up 0.78% at $2,632.11 per ounce. Spot silver finally closed up 0.17% at $31.18 per ounce.
????️ Operation suggestion:Gold 2635.16 Buy Target Price 2653.33

Crude Oil
ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▲0.30%69.26169.223Brent Crude Oil▲0.21%73.04473.007
???? Review:Signs of escalation in the situation between Russia and Ukraine made investors cautious. Meanwhile, the partial resumption of production at Norway's Johan Sverdrup oil field limited the rise in oil prices, and international oil prices rose slightly. WTI crude oil finally closed up 0.29% at $69.25 per barrel; Brent crude oil closed up 0.12% at $73.26 per barrel.
????️ Operation suggestion:WTI Crude Oil 69.288 Sell Target Price 68.195

Indice
ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲0.82%20712.8920703.52Dow Jones▼-0.18%43319.643354.8S&P 500▲0.46%5919.055919.15▼0.00%17559.317559.3US Dollar Index▲0.01%106.04106.04
???? Review:The Dow Jones Industrial Average closed down 0.28%, the S&P 500 rose 0.4%, and the Nasdaq rose 1%. Invesco (NVDA.O) rose 4.89%, Tesla (TSLA.O) rose 2%, and Trump Media & Technology Group (DJT.O) fell 8.8%. The Nasdaq China Golden Dragon Index closed down 0.75%, Alibaba (BABA.N) fell 2.5%, and Xiaopeng Motors (XPEV.N) fell 3.8%.
????️ Operation suggestion:Nasdaq 100 20716.520 Buy Target Price 20865.210

Crypto
ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲1.12%92221.691840.4Ethereum▼-1.82%3092.53093Dogecoin▲3.72%0.389820.38688
???? Review:As of press time, the price of Bitcoin is still fluctuating below 92,000 points and has been fluctuating around the 233 SMA on the 30-minute chart recently. In the smaller time frame, the market has seen multiple reversals, which has led to frequent liquidations of highly leveraged traders. Such frequent fluctuations indicate that there may be larger market movements in the future, so short-term traders need to be extra careful and take appropriate stop-loss measures, whether bullish or bearish.
????️ Operation suggestion:BitCoin 92309.6 Buy Target Price 94077.2