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Market News Gold Soars Over $100, Nasdaq Records Largest Daily Gain in 24 Years!
Markets News
Gold Soars Over $100, Nasdaq Records Largest Daily Gain in 24 Years!
TOPONE Markets Analyst2025-04-10 09:16:24
Hot spot tracking
- Just 13 hours after taking effect, Trump announced the suspension of reciprocal tariff policies for most economies, with a 90-day period for negotiations. This news is bullish for the US dollar and US stocks.
- The White House stated that a 10% global tariff will still be imposed during negotiations, and previously announced tariffs on industries such as automobiles, steel, and aluminum are not included in the suspension. This news is negative for auto manufacturing stocks.
- The U.S. wholesale sales monthly rate recorded 2.4% in February, the largest increase since March 2022. This news is bullish for the dollar.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.07% 1.09502 1.0952 GBP/USD ▲0.42% 1.28205 1.28182 AUD/USD ▲3.45% 0.61575 0.61566 USD/JPY ▲0.96% 147.751 147.389 GBP/CAD ▼-0.78% 1.80505 1.80436 NZD/CAD ▲0.78% 0.79419 0.79538 📝 Review:On Wednesday, the US dollar index fell first and then rose, dropping by 1% during the day but rebounding above the 103 level after Trump announced a 90-day tariff suspension, ultimately closing almost flat at 102.96. The benchmark 10-year US Treasury yield closed at 4.356%, while the more policy-sensitive 2-year US Treasury yield closed at 3.93%.🕵️ Operation suggestion:USD/JPY 146.853 Sell Target Price 144.534
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲3.35% 3082.82 3082.17 Silver ▲4.03% 31.014 30.987 📝 Review:Spot gold surged more than 3% intraday, with gains exceeding $100, and once approached the $3,100 mark, but failed to hold above it, eventually closing up 3.27%, marking its best daily performance in nearly five years, at $3,079.99 per ounce. Spot silver closed up 3.99% at $30.99 per ounce.🕵️ Operation suggestion:Gold 3094.79 Buy Target Price 3137.05
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲7.56% 62.232 62.24 Brent Crude Oil ▲6.72% 65.462 65.467 📝 Review:International oil prices experienced a dramatic drop and surge within the day. WTI crude oil initially plummeted by over 4% and fell below $55, but with Trump's support, it strongly reversed, recovering all intraday losses and surging by 8% at one point, ultimately closing up 8.05% at $62.21 per barrel; Brent crude oil closed up 6.7% at $65.44 per barrel.🕵️ Operation suggestion:WTI Crude Oil 61.829 Sell Target Price 57.591
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲13.04% 19105.35 19176.9 Dow Jones ▲8.77% 40570 40830.1 S&P 500 ▲10.51% 5446.3 5475.7 US Dollar Index ▲0.19% 102.78 102.74 📝 Review:Due to Trump easing reciprocal trade measures, the three major U.S. stock indices surged, with the Dow Jones closing up 7.87%, the S&P 500 up 9.52%, and the Nasdaq Composite up 12.16%, marking the largest single-day gain since 2001. Tesla (TSLA.O) rose 22%, Apple (AAPL.O) rose 15%, and Nvidia (NVDA.O) rose 18%. The Nasdaq Golden Dragon China Index closed up 4.5%, with Alibaba (BABA.N) rising over 5.5%.🕵️ Operation suggestion:Nasdaq 100 19045.500 Buy Target Price 19460.000
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲7.91% 83141.5 83209.3 Ethereum ▲13.30% 1671.5 1668.7 Dogecoin ▲12.95% 0.16225 0.16246 📝 Review: The recent candlestick chart of Bitcoin shows a certain decline in trading volume. Compared to the previous few hours, the current trading volume has decreased, while the price is also falling simultaneously. The overall market appears relatively quiet, with lower trading activity. From the MACD analysis, the current market is in a bearish pattern. The MACD histogram has turned from positive to negative, indicating that bearish forces are gradually gaining strength, and selling pressure in the market has increased. In terms of the KDJ indicator, a death cross has appeared. According to the KDJ indicator, the market was previously in an overbought state, with the KDJ value once reaching as high as 95, but the situation has now changed. Additionally, the MACD line has crossed the signal line from above to form a death cross, further confirming the current bearish trend in the market.🕵️ Operation suggestion:BitCoin 82118.9 Buy Target Price 84828.9
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