
Forex Sky Eye APP News: Today, November 6 (Wednesday), the US dollar maintained a strong consolidation around 98.00, the euro remained at a low of 1.1070, the pound remained at a high range of 1.2880, the Australian dollar was under pressure at 0.6900, and the US dollar/Japanese yen fell back to 109.00 level support. Gold prices remained at a low of around 1484 in the Asian session, and international crude oil fell and consolidated at the 57.00 mark.
[ stock market closes]
Taiwan Stocks: China Taiwan Weighted Index closed up 9.04 points, or 0.08%, at 11,653.07 points on Wednesday.
Australian stocks: Australian ASX200 index closed down 36.90 points, or 0.55%, at 6660.20 points on Wednesday.
stocks: Nikkei 225 index closed up 39.51 points, or 0.17%, at 23,291.50 points on Wednesday.
Korean stocks: South Korea KOSPI index closed up 1.51 points, or 0.07%, at 2144.15 points on Wednesday.
A shares: China's Shanghai Composite Index closed down 12.97 points on November 6 (Wednesday), or down 12.97 points, or down 0.43%, or down 2978.60 points; China's Shenzhen Component Index closed down 77.63 points on November 6 (Wednesday), or down 0.78%, or down 9860.97 points; China's ChiNext Index closed down 10.27 points, or down 0.60%, or down 1703.02 points.
Hong Kong stocks: China Hong Kong Hang Seng Index rose 51.232 points, or 0.19%, to 27734.630 points before issuing the article on November 6 (Wednesday).
[Financial News]
Today, the stock indexes of Shanghai and Shenzhen stock markets opened slightly higher, and then fluctuated all the way down the whole day, and accelerated the sell-off in the late trading. The Shanghai Composite Index failed to continue to attack 3,000 points during the trading session today, and there was no rebound trend. The military industry sector has performed relatively strongly due to the news of AVIC Aircraft restructuring.
For most of the time in 2019, the US dollar index once became a minefield for related trading due to the rotational influence of risk preference and the yield of US bonds. However, as optimism at the trade level heats up over the past few weeks, the correlation between the U.S. dollar and U.S. Treasury yields appears to be reconnecting.
Qimmon Fed President Barkin said on Tuesday that the U.S. Federal Reserve (Fed/FED) should hold its feet temporarily after cutting interest rates last week and assess economic trends.
OPEC updated and released its annual "World Oil Outlook" on November 5, lowering its forecast for the growth of global medium- and long-term oil demand, saying that the market situation is grim, the world economy shows signs of downward trend, and the energy market is facing challenges. The agency predicts that global oil demand will grow to 103.9 million barrels per day by 2023, lower than the estimated 104.5 million barrels per day last year, and predicts that oil demand will grow by 12 million barrels per day to 110.6 million barrels per day by 2040, lower than the forecast of 111.7 million barrels per day last year.
[Foreign Exchange Market]
USD, USD index approached the 98 mark today and maintained a narrow consolidation around this level. Richmond Fed Chairman Barkin said that the Federal Reserve should temporarily remain calm after the rate cut last week and evaluate the economic trend. Barkin said he is closely watching whether several rate cuts this year will have expected impact on the U.S. economy, and he believes that in the next six to nine months, the rate cut will have a significant impact and now sees a boost to the property market and car spending. However, he also pointed out that the increased uncertainty caused by ongoing economic and trade tensions could lead to worsening economic conditions.

[Commodity Market]
Gold In terms of , international spot gold was compiled at a low level during the Asian session today, and the latest trading was around $1,484/ounce. Because the US non-manufacturing PMI was better than expected, and the international trade situation further improved, coupled with the Federal Reserve further expressed the view that interest rate cuts were temporarily suspended, which caused the US dollar to recover the 98 mark at one time, while gold fell below the $1,480 mark at one time, and gold will continue to be under pressure at $1,500 in a short period of time.

Crude oil In terms of international crude oil fell slightly today on the Asian session. Previously, market optimism continued to heat up, and risk appetite sentiment improved significantly, boosting oil prices. OPEC Secretary-General Barkindu said that the oil market outlook may have upward potential next year, which seems to downplay the need for greater production cuts.OPEC and Russia-led allies will meet in December. To boost oil prices, the OPEC+ alliance has implemented a production cut agreement since January this year, cutting production by 1.2 million barrels per day by March 2020. But it should be noted that OPEC is expected to cut market expectations for its oil demand in the coming years amid rapid U.S. shale oil supply.
