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
Situs web ini tidak menyediakan layanan untuk penduduk Amerika Serikat.
Market News [Market Evening] International Oil Prices Fall, Demand May Have Loosened Amid Tight Supply

[Market Evening] International Oil Prices Fall, Demand May Have Loosened Amid Tight Supply

U.S. President Joe Biden will fly to Saudi Arabia on Friday, where he will attend a summit of Gulf allies and call on them to further expand oil production. However, spare capacity in OPEC members is shrinking, with most producers operating at maximum capacity, and it is unclear how much additional capacity Saudi Arabia can quickly free up for the market.

TOPONE Markets Analyst
2022-07-15
819

Group 1000002198.png


Group 1000002188.png

As of 17:00 (GMT+8), spot gold fell 0.437% to $1702.20/oz, and spot silver fell 0.723% to $18.251/oz.


Comment: The international gold price continued its previous weakness and fell to the overnight low of $1,697.53 per ounce on August 9, 2021, as the continued surge in the dollar and concerns about the Fed's more aggressive interest rate hike expectations have weighed on gold demand. As long as the Fed keeps raising rates, markets don't see inflation as a long-term problem.


Suggestion: Spot gold is short at 1704.50, and the target point is 1700.00.


Group 1000002195.png

As of 17:00 (GMT+8), the US dollar index fell 0.074% to 108.43, EUR/USD rose 0.049% to 1.00227; GBP/USD rose 0.069% to 1.18320; AUD/USD fell 0.159% to 0.67380; USD /JPY fell 0.136% to 138.778.


Comment: The euro against the dollar fell below the parity level of 1 during the session, and the lowest went to 0.9952. After some obstacle options and the intervention of the European Central Bank to adjust reserves, the euro stubbornly closed above parity in late trading. In the overnight market, the United States announced that the PPI in June increased by 11.3% year-on-year, exceeding market expectations of 8.8%. Following the high-speed growth of the CPI on Wednesday, after the release of the data reflecting the bursting inflation, the US dollar index broke through 109, reaching a maximum of 109.30, continuing to hit a new high since 2002.


Suggestion: short position of EUR/USD 1.00300, target point 1.00000.


Group 1000002189.png

As of 17:00 (GMT+8), WTI fell 0.930% to $92.710/barrel; Brent fell 0.470% to $96.683/barrel.


Comment: International oil prices fell, although the market expects that the prospect of the Fed raising interest rates may not be so aggressive and that it is difficult for OPEC to further expand production increases, but concerns about demand recovery limited the gains. US demand for gasoline, jet fuel, and diesel is down more than 10 percent compared to 2019 before the pandemic began.


Suggestion: US crude oil is short at 93.070, and the target point is 90.200.


Group 1000002194.png

1. Celsius lost about $100 million in liquidation with Tether funds;


2. The Indian blockchain project 5ire completed a $100 million financing investment by SRAM & MRAM Group;


3. Celsius had promised not to trade client funds but invested a large number of client funds into its mining operations;


4. Glassnode: The $20,000 area is an important trigger point for new Bitcoin buyers;


5. Circle disclosed cash and treasury bonds worth $55.7 billion;


6. ARK Ark Fund increased its holdings of Block and Coinbase;


7. The Celo blockchain resumes block production, and the official has released an updated version to solve the downtime problem;


8. Block Research: VC investment in the blockchain sector has dropped 22% since the second quarter of 2020.


Group 1000002196.png

The Taiwan Weighted Index rose 0.179% to 14516.1 points;


The Nikkei 225 rose 0.335% to 26,799.5 points;


Hong Kong's Hang Seng Index fell 1.039% to 20291.0 points;


Australia's S&P/ASX 200 rose 0.365% to 6,619.45.


Group 1000002200.png


20:30(GM+8):


U.S. June import price index monthly rate (%)


U.S. June import price index annual rate (%)


US retail sales monthly rate in June (%)


US core retail sales monthly rate in June (%)


US June retail sales annual rate (%)


21:15(GM+8):


US industrial output monthly rate in June (%)


22:00(GM+8):


US University of Michigan Consumer Confidence Index Preliminary in July

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free