Fundamentals:
The U.S. dollar index remained strong, hitting a five-year high at one point, while gold prices hit a two-month low and oil prices rebounded slightly. U.S. longer-term Treasury yields rose late on Wednesday, with U.S. 10-year Treasury yields up 5.2 basis points to 2.824%; U.S. two-year Treasury yields up 5.4 basis points to 2.591%; the RMB/USD spot exchange rate, once to 6.656.
Russian President Vladimir Putin said that all tasks of Russia's special military operation will definitely be completed. If anyone wants to interfere in the situation in Ukraine and pose a strategic threat to Russia, Russia will launch a quick and lightning-fast counterattack. Ukrainian negotiators said there was no agreement for a meeting between the Ukrainian and Russian presidents.
Technical:
Dow: U.S. stocks were volatile on Wednesday; the S&P 500 rose 0.21% to close at 4,183.96 points; the Dow Jones Industrial Average rose 0.19% to close at 33,301.93 points; the Nasdaq Composite Index edged down 0.01% to 12,488.93 points. The current Dow bears continue, continue to pay attention to the position near the bottom target of 32222 in the lower range.
U.S. dollar: The U.S. dollar hit a five-year high on expectations that the Federal Reserve will announce a rate hike next week. U.S. dollar index futures rose 0.64% to 102.97. The euro weakened on growth concerns, with Europe and the U.S. briefly hitting $1.0515, its lowest level since March 2017. And it was on track for its biggest monthly drop in more than seven years. The U.S. dollar index keeps hitting new highs. The high opening of the U.S. dollar continues to rise, reaching around 103, the former high-pressure position above. At present, it is necessary to be cautious in chasing more U.S. dollars and pay attention to the head shape of the U.S. dollar and the short-term step back around 102.8.
Gold: Global gold market: The US dollar index continued to rise on Wednesday, standing above the 103 marks for the first time since January 2017, and the 10-year US bond yield rose above 2.8%. Gold prices hit their lowest in more than two months, as expectations for a sharp tightening of monetary policy by the Federal Reserve boosted the dollar. Gold has reached the short-term target position near 1880 in the small band. The current price is cautious in chasing the short-term price, and attention is paid to the small pullback of gold to the vicinity of 1915 above the short-term range.
Crude oil: The market continued to worry about tight global supplies and U.S. gasoline inventories were reduced. Brent crude oil futures in London rose $0.33 to $105.32 a barrel on Wednesday; WTI crude oil futures rose $0.32 to $102.02 a barrel. Crude oil prices pulled back, pay attention to the target near the first pressure position above 105, and pay attention to the 92 positions at the bottom of the short continuation range in the later period.
(The above analysis only represents the analyst's point of view, the forex market is risky, and investment should be cautious)
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