Daily Focus, Signal of Investment

Kashkari’s Hawk Talk, Oil Prices On Bumpy Slide

Don’t miss the opportunity to make a profit, check the USOil trend now>>

Today, Fed official, Kashkari said that Fed should keep executing the contractionary monetary policy if the inflation has not peaked. Oil prices fell under pressure as market recession fears intensified, and Biden released the crude oil reserve. Besides that, he said that United States would release more crude oil reserves during this winter. Although earlier API data showed a decline in crude oil inventories, oil prices may rebound slightly in the short term. But if the Fed continues to insist on its hawkish rate hikes, it will keep dragging oil prices go down in the medium and long term.

The trend of USOil can be paid attention to…

-Latest news on the Russian-Ukrainian war
-22:30 US EIA Crude Oil Inventories for the week ending 10/14
-20:30 US Unemployment Claims for the week ending 10/15
-22:00 US Annualized Total Existing Home Sales (Sept)
-22:00 Conference Board Leading Indicator (MoM) (Sept)
Which will affect USOil trends, and investors must grasp the opportunity of making orders.
Daily Focus allows you to understand the USOil market, increase profit opportunities, and immediately seize the opportunity!!

How to trade USOil on HXFX?

1. First, click here to register an HXFX account for free.
2. Next, download the APP and log in to complete the real-name authentication.
3. Contact customer service to receive your exclusive free trial bonus.
4. Click “Quote”, select “USOil” and click “Trade”. After the quotation page is displayed, you can click “Sell” or “Buy” to trade the product according to the trends.

5 Advantages of Foreign Exchange Trading

1. Leverage system
Investing a small amount of money will bring greater benefits, but may also bring greater risk of loss.
2. Low transaction costs
There are basically no handling fees, government taxes, etc.
3. Two-way transaction
Whether you are buying first and then selling in a bullish trend, or selling first and then buying in a bearish trend, you can get profit.
4. 24 hours trading
It is available in 24 Hours, investors can trade according to their own time.
5. High liquidity
In the foreign exchange market, investors could exchange foreign currency at any time, even complete their transactions in a short time.

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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.

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