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Market News Fed's Kashkari sounds ‘Hawkish Alarm,’ and gold defies headwinds to surpass $2,360 mark!
Markets News
Fed's Kashkari sounds ‘Hawkish Alarm,’ and gold defies headwinds to surpass $2,360 mark!
TOPONE Markets Analyst2024-05-29 09:22:32
Hot spot tracking
- Fed's Kashkari says rate hike not entirely ruled out
- ECB Governing Council: Expects two rate cuts this year, up to three
- Saudi Arabia expected to cut crude prices to Asia in July
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.01% 1.08561 1.08579 GBP/USD ▼-0.05% 1.27612 1.2763 AUD/USD ▼-0.09% 0.66518 0.66528 USD/JPY ▲0.18% 157.188 157.149 GBP/CAD ▲0.04% 1.74114 1.74093 NZD/CAD ▼-0.08% 0.83772 0.83785 📝 Review:A Japanese inflation gauge rose more than expected in April, undermining recent yen weakness. Japan's services producer price index rose 2.8% year-on-year in April, above expectations for 2.3% and an upwardly revised 2.4% in March. Tuesday's data showed the biggest increase since March 2015. The Bank of Japan took note of Tuesday's data as they expect consumer inflation to become entrenched so they can begin to reverse decades of ultra-easy monetary policy.🕵️ Operation suggestion:USD/JPY 157.332 Buy Target Price 158.080
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲0.40% 2361.1 2360.9 Silver ▲1.45% 32.076 32.084 📝 Review:Gold attempts to hold above $2,360; silver prices move towards $32.00 as the gold-silver ratio falls back below 74; platinum remains strong despite rising Treasury yields.🕵️ Operation suggestion:Gold 2359.36 Buy Target Price 2372.20
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲2.02% 80.087 80.073 Brent Crude Oil ▲1.84% 84.321 84.315 📝 Review:Despite recent positive market sentiment, concerns about persistently high U.S. interest rates could limit further sharp gains in oil prices. Higher rates raise borrowing costs, which could slow economic activity and reduce oil demand. Last week, these concerns led to a weekly decline in crude oil prices.🕵️ Operation suggestion:WTI Crude Oil 79.997 Buy Target Price 80.678
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.15% 18887.96 18887.2 Dow Jones ▼-0.70% 38840.5 38823.9 S&P 500 ▼-0.10% 5308.4 5307.18 ▼0.00% 17559.3 17559.3 US Dollar Index ▲0.04% 104.2 104.25 📝 Review:The three major U.S. stock indexes rose and fell, with the Dow Jones Industrial Average closing down 0.55%, the S&P 500 index slightly up, and the Nasdaq up 0.59%, setting a new closing high. Apple (AAPL.O) rose slightly, and Nvidia (NVDA.O) rose 6.98%, with the former's closing market value only $100 billion higher than the latter. Pinduoduo (PDD.O) fell 5%. The Nasdaq China Golden Dragon Index closed up 0.45%, and JD.com (JD.O) and Alibaba (BABA.N) both fell by 1%.🕵️ Operation suggestion:Nasdaq 100 18873.070 Buy Target Price 18966.787
CryptoProduct Yesterday's Change Yesterday's Close Today's Open ▼-2.10% 68345.5 68411.3 ▼-1.45% 3829.6 3839.8 ▼-2.28% 0.16425 0.16624 📝 Review:From the overall trend, the bears are clearly in the lead in the BTC market. After the sideways movement in the past few days and the bullish behavior last night, it can be roughly judged that the downward trend has begun in the later period. So this time we will mainly observe whether the market around 64,500 points can stop falling. It is not suitable to buy at the bottom at present.🕵️ Operation suggestion:69424.4 Buy Target Price 69678.9
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