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Market News Gold hit a new high in the past month, and silver approached the $30 mark. All three major U.S. stock indexes hit record highs!
Markets News
Gold hit a new high in the past month, and silver approached the $30 mark. All three major U.S. stock indexes hit record highs!
TOPONE Markets Analyst2024-05-16 09:24:25
Hot spot tracking
- CPI data resumes downward trend；Retail sales data unexpectedly remains flat
- Gold hit a new high in the past month, and silver approached the $30 mark. All three major U.S. stock indexes hit record highs
- Hamas: Israel's amendments to ceasefire proposal lead to deadlock in talks
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.61% 1.08833 1.08828 GBP/USD ▲0.76% 1.26858 1.2684 AUD/USD ▲1.02% 0.66958 0.66939 USD/JPY ▼-0.98% 154.893 154.818 GBP/CAD ▲0.41% 1.72546 1.72498 NZD/CAD ▲1.00% 0.83252 0.83215 📝 Review:The gap between Japan's ultra-low borrowing rates and higher U.S. borrowing rates has been weighing on the yen. The dollar weakened on Wednesday following the release of the U.S. Consumer Price Index (CPI) report for April. And U.S. Treasury yields plummeted, sending the yen higher.🕵️ Operation suggestion:USD/JPY 154.413 Sell Target Price 153.669
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲1.19% 2385.76 2386.1 Silver ▲3.73% 29.649 29.638 📝 Review:The price of gold rose nearly $30 on Wednesday to close at $2,385.71 per ounce, an increase of about 1.18%, benefiting from the weakening of the U.S. dollar and falling U.S. Treasury bond yields. Previous data showed that U.S. consumer prices rose less than expected in April, and retail sales data (commonly known as "horror data") were weaker than market expectations, raising the possibility of the Federal Reserve cutting interest rates.🕵️ Operation suggestion:Gold 2392.82 Buy Target Price 2431.34
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲0.42% 78.367 78.397 Brent Crude Oil ▲0.20% 82.657 82.688 📝 Review:Despite long-term production cuts by OPEC and its allies, concerns remain about end-demand levels in a seemingly well-supplied market. The International Energy Agency on Wednesday lowered its forecast for oil demand in 2024, lowering average daily production by 140,000 barrels to 1.1 million barrels.🕵️ Operation suggestion:WTI Crude Oil 78.528 Sell Target Price 77.080
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲1.43% 18592.61 18609.31 Dow Jones ▲0.81% 39900.2 39903.6 S&P 500 ▲1.05% 5304.18 5309.94 ▼0.00% 17559.3 17559.3 US Dollar Index ▼-0.75% 103.88 103.81 📝 Review:The three major U.S. stock indexes all hit record highs. The Dow closed up 0.88%, the S&P 500 rose 1.17%, the Nasdaq rose 1.4%, GameStop (GME.N) fell 18%, and AMD (AMD.O) rose 4%. MicroStrategy (MSTR.O) rose 15%. The Nasdaq China Golden Dragon Index rose slightly, with Alibaba (BABA.N) rising 1.8% and Xpeng Motors (XPEV.N) falling 3.5%.🕵️ Operation suggestion:Nasdaq 100 18638.560 Buy Target Price 18744.990
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲6.86% 65877.5 65812 Ethereum ▲4.35% 3013.6 3005.6 Dogecoin ▲6.96% 0.15559 0.15525 📝 Review:After the CPI data was released, the trend behind Bitcoin has been determined. At present, it seems that the bullish pattern has been formed, and there is huge space above. It is recommended not to go against the trend at this time.🕵️ Operation suggestion:BitCoin 66262.2 Buy Target Price 68114.2
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