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 [Market Evening] Cryptocurrency Finally Rebounded, Bitcoin Rose 5.1%, Ethereum Rose 6%

[Market Evening] Cryptocurrency Finally Rebounded, Bitcoin Rose 5.1%, Ethereum Rose 6%

The US non-farm population is expected to increase by 350,000 in May, while the previous value increased by 428,000. This indicates that the number of new nonfarm payrolls in the United States is expected to fall by more than 27%. A drop in job creation is likely to undercut the Fed's hawkish stance on monetary policy in June, which will ultimately boost gold prices.

TOPONE Markets Analyst
2022-05-30
495

Group 1000002198.png


Group 1000002188.png

As of 17:00 (GMT+8), spot gold rose 0.334% to $1859.39/oz, and spot silver rose 0.249% to $22.114/oz.


Comment: International gold prices strengthened as the U.S. dollar index hit a new low of 101.384 in late April, making gold more attractive to buyers holding other currencies. The decline in the U.S. dollar index may be related to expectations for a drop in U.S. nonfarm payrolls due later in the week. But some institutions predict that the sell-off in the dollar will be short-lived.


Suggestion: long spot gold at 1859.50, target point 1869.80.


As of 17:00 (GMT+8), the US dollar index fell 0.128% to 101.56, EUR/USD rose 0.166% to 1.07520; GBP/USD fell 0.021% to 1.26257; AUD/USD rose 0.366% to 0.71876; USD /JPY was up 0.127% at 127.285.


Comment: EUR/USD was flat at $1.0731 on Friday after hitting a one-month high earlier. The rise of the euro was mainly due to the hawkish trend of the European Central Bank in raising interest rates. However, the European Central Bank is unlikely to raise interest rates aggressively, and a one-time rate hike of 50 basis points is still a small probability event. From the 4-hour chart, Bollinger's middle rail is on the upper side, the MACD is running above the zero axis, the primary support below is 1.0685-95, the second support is 1.0640-50, and the upper resistance is 1.0780-90, 1.0830, if it can remain above the first support, short-term It is expected to continue to test the first resistance.


Suggestion:  short the euro against the dollar at 1.07560, and the target point is 1.06610.


Group 1000002189.png

As of 17:00 (GMT+8), WTI rose 0.422% to $114.483/barrel; Brent rose 0.393% to $115.901/barrel.


Comment: International oil prices hit a new high in early March, and the E.U. is about to discuss the sixth set of sanctions against Russia. High refining margins on diesel and gasoline in Europe and the U.S. have pushed prices for some types of physical crude to record highs. Any further embargo on Russian oil would tighten markets for crude that are already in short supply. The average U.S. diesel price hovered around $5.58 this month, up to three-quarters from last year.


Suggestion:  short U.S. crude oil at 114.420; the target point is 113.090.


Group 1000002194.png

1. The Korean authorities summoned all Terraform Labs employees to conduct a comprehensive investigation;


2. Active investment and financing in the hardware field of Metaverse, global VR/AR companies have raised 8.2 billion yuan in financing this year;


3. Cross-border payment giant MoneyGram plans to launch a Stellar-based stable coin remittance platform;


4. Zilliqa released the Zilliqia SDK, a software development kit that supports the game engine Unity;


5. Nike RTFKT acquired the "DotSwoosh" Ethereum domain name for $35,000;


6. Belarus confiscates millions of dollars in crypto assets involved in economic crimes;


7. Terra ecological non-custodial wallet Leap has listed Terra2.0 tokens.


Group 1000002196.png

The Taiwan Weighted Index rose 1.064% to 16542.5 points;


The Nikkei 225 rose 0.765% to 27335.0 points;


Hong Kong's Hang Seng Index rose 1.160% to 21146.0 points;


Australia's S&P/ASX 200 rose 0.352% to 7289.55.


Group 1000002200.png


20:00(GM+8):


German May CPI annual rate initial value (%)


Germany's May reconciled CPI monthly rate initial value (%)


Germany's May reconciled CPI annual rate initial value (%)


Brazil May Market Composite Price Index IGP-M Monthly Rate (%)


20:30(GM+8):


Canada's first-quarter current account (billion Canadian dollars)


22:00(GM+8):


Canada's National Economic Confidence Index for the week ended May 27

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free