We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News 【TOP1 Evening】Crude oil continues to rise, European stocks all rise , gold prices remain stable

【TOP1 Evening】Crude oil continues to rise, European stocks all rise , gold prices remain stable

The U.S. Energy Information Administration (EIA) announced last week that crude oil inventories fell for the fifth consecutive week. Chinese data also showed a surge in crude oil imports. The two major crude oil futures rebounded from the decline on Thursday.

TOPONE Markets Analyst
2021-01-15
419

晚间新闻.jpg


Stock market: Japanese stocks closed lower, while European stocks rose across the board.


The Japanese stock market has fallen from a high in more than 30 years hit the previous day. The Nikkei Index .N225 closed down 0.62% to 28,519.18 points, setting a new high since August 1990 on Thursday. The index rose for the third consecutive week, rising 1.35% this week.


European stock markets closed up across the board, and the British stock market ended its three-day losing streak; German and French stock markets rose for the second day. The London FTSE 100 index closed at 6801 points, up 56 points, or 0.84%; the Frankfurt DAX index closed at 13,988 points, up 48 points, or 0.35%; the Paris CAC index closed at 5681 points, up 18 points, or a percentage Of 0.33.


Crude oil: Crude oil continued to rise sharply.


WTI crude oil fluctuated downward in the European market, hitting a daily low of US$52.23, and then continued to rise, eventually closing up 1.61% to US$53.70/barrel; Brent crude oil closed up 0.79% to US$56.44/barrel. At the beginning of 2021, WTI was at US$47/barrel, and the current increase is close to 20%.


US WTI crude oil February futures closed up 66 cents, or 1.25%, to 53.57 US dollars per barrel; Brent crude oil March futures closed up 36 cents, or 0.64%, to 56.42 US dollars per barrel.


The U.S. Energy Information Administration (EIA) announced last week that crude oil inventories fell for the fifth consecutive week. China's data also showed a surge in crude oil imports. The two major crude oil futures rebounded from the decline on Thursday.


Gold: Gold prices rose slightly on Friday.


Spot gold rose 0.1% to US$1,848.75 per ounce, while US gold futures were flat at US$1,851.


Spot silver fell 0.4% to $25.41 per ounce. Spot platinum fell 1.8% to $1,098.42, but has risen 3% so far this week. Spot palladium fell 1.1% to $2,383.11.


"The stimulus plan will make the asset market bullish, and the Fed chairman has downplayed the possibility of raising interest rates or reducing debt purchases soon, and gold prices have therefore found support," said Jeffrey Halley, senior market analyst at OANDA. He continued that the price of gold was in a consolidation state and did not show any signs of upward breakthrough.


US dollar: The dollar's rebound has stalled.


The US dollar index was basically flat at 90.319 and fell slightly overnight. Earlier this week, the U.S. dollar index fell from a low of 89.206 on January 6 rebounded to 90.73.


The dollar was basically flat against the yen at 103.77, after falling 0.1% overnight.


The euro fell 0.1% to 1.21395 against the dollar, which may have fallen for the third consecutive day.


The momentum of the dollar’s rebound from its lows in the past three years has been suspended, after Fed Chairman Powell said on Thursday that it would not raise interest rates in the near future.


The U.S. dollar index hit its lowest level since March 2018 last week and has risen. The prospect of more stimulus measures suppressed U.S. Treasury prices. The 10-year U.S. Treasury yield rose above 1% for the first time since March.

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free