CGOO
2022-10-03

Five things traders need to know today

📉 US stocks resumed the selloff on Thursday as Treasury yields continued to rise on better-than-expected jobless claims and retail sales. Tech and energy sector were the biggest underperformers overnight. European and Asian indices were mostly in red.

🔻 Gold fell below $1,700 and closed at 2.5-year low of $1,664.63. WTI (SpotCrude) lost nearly 4% to $85.19 on worries of global oil demand in Q4. Ethereum plunged by 10% to $1,471 after the network upgrade or Merge was completed.

💲 The US dollar index (USDX) held steady above 109, with the two-year Treasury yield surging to 3.867%. Michigan Consumer Sentiment Index is under spotlight tonight. USDJPY was slightly up to 143.47. FX intervention is likely be discussed on next week’s BoJ meeting.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • fishinglo
    2022-10-03
    fishinglo
    Gold is oversold.I think gold will break out aggressively.
  • YvetteGunther
    2022-10-03
    YvetteGunther
    The high infaltion leads to the drop of gold.
  • Jason1616
    2022-10-03
    Jason1616
    Thanks for sharing.
  • JonLucky
    2022-10-03
    JonLucky
    yes and more
  • GerryLoh
    2022-10-03
    GerryLoh
    good sharing thanks
  • klostany
    2022-10-04
    klostany
    things will get better. Stay positive
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