[Market Evening] Oil Prices Hit New Highs, Small Oil Traders Make a Fortune After Russia-Ukraine Conflict!

As of 17:00 (GMT+8), spot gold was up 0.051% at $1856.23/oz, and spot silver was down 0.191% at $21.931/oz.

Comment: The international gold price is generally stable. The rebound of the U.S. dollar driven by the rise in U.S. bond yields has limited the upward momentum of the gold price. The gold price is expected to record the largest monthly decline since September. Aggressive rate hikes to control high inflation may still be necessary as the Fed has little impact on the supply side. Gold's downside correction seems likely to continue in June. The overall performance of gold in May was disappointing. When the U.S. dollar strengthens, gold prices show weakness for the first time; however, when the U.S. dollar weakens, or U.S. bond yields fall, the gold market cannot deliver substantial benefits. Gold is at risk of further weakness if U.S. and U.S. bond yields a return to strength.

Suggestion: long spot gold at 1856.60, target point 1871.00.

As of 17:00 (GMT+8), the US dollar index rose 0.286% to 101.67, EUR/USD fell 0.306% to 1.07415; GBP/USD fell 0.193% to 1.26269; AUD/USD fell 0.021% to 0.71985; USD /JPY was up 0.117% at 127.773.

Comment: The dollar resumed its losses as risk appetite in various markets briefly strengthened by encouraging economic data and bets that the Federal Reserve will slow policy tightening. The U.S. dollar index, which tracks the greenback against six major rivals, was on track for its first monthly decline in five months as the safe-haven greenback lost momentum after a strong start to the year. On Monday, German and Spanish inflation data showed price gains accelerated in May, driven by soaring energy prices, with German Finance Minister Christian Lindner saying earlier on Monday that containing price spikes was a "top priority" while advocating an end to expansionary fiscal policy.

Suggestion:  short the euro/dollar at 1.07400, and the target point is 1.06430.

As of 17:00 (GMT+8), WTI rose 1.979% to $117.953/barrel; Brent rose 1.897% to $119.446/barrel.

Comment: E.U. leaders reached a compromise at their summit on Monday to impose a partial oil embargo on Russia, covering only Russian oil imports from the sea, allowing temporary exemptions for imported oil transported by pipeline. The new sanctions will also include moves against Russian individuals, the largest bank Sberbank, and broadcasters. The new sanctions will also include a freeze on personal assets and a ban on personal travel, while Sberbank, Russia's largest bank, will be excluded from SWIFT.

Suggestion: long U.S. crude oil at 117.800, and the target point is 120.000.

1. Ethereum core developer Tim Beiko released the Ropsten merger announcement;

2. Mirror Protocol is attacked again, and the remaining fund pool is at risk of depletion;

3. Do Kwon may be developing a new stable coin plan based on Terra 2;

4. The Dunamu investment subsidiary of Upbit operator has exchanged all the LUNA held by it into bitcoin in February last year;

5. NH Nonghyup Bank in South Korea will support users to query information on virtual asset holdings;

6. The Indian government is studying the global paradigm of digital assets;

7. WETH quotes on OpenSea may expose users to the risk of funds being stolen.

The Taiwan Weighted Index rose 0.925% to 16668.3 points;

The Nikkei 225 fell 0.101% to 27302.0 points;

Hong Kong's Hang Seng Index rose 2.158% to 21,575.2 points;

Australia's S&P/ASX 200 fell 0.743% to 7225.75.

21:00(GM+8):

The annual rate of the S&P/CS 20 major cities in the United States in March was not seasonally adjusted. (%)

The seasonally adjusted monthly rate of the house price index of 20 major cities in S&P/CS in the United States in March. (%)

U.S. March S&P/CS 20 major cities not seasonally adjusted house price index.

The annual rate of the S&P/CS 10 major cities in the United States in March was not seasonally adjusted. (%)

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U.S. March FHFA house price index monthly rate. (%)

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U.S. March FHFA house price index.

21:45(GM+8):

Chicago in May.

U.S. May Chicago PMI New Orders Index.

U.S. May Chicago PMI Employment Index.

U.S. May Chicago PMI Price Payments Index.

22:00(GM+8):

U.S. Conference Board Consumer Confidence Index for May.

U.S. Conference Board Consumer Situation Index for May.

22:30(GM+8):

US May Dallas Fed Manufacturing Activity Index.

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US May Dallas Fed Manufacturing Employment Index.

Dallas Fed New Orders Index for May.

US May Dallas Fed Manufacturing Materials Paid Price Index.

U.S. May 31 6-Month Treasury Auction - High Allocation Percentage. (%)

U.S. May 31 6-Month Treasury Auction - Bid Multiple. (Times)

U.S. May 31 6-Month Treasury Auction - High-Interest Rate. (%)

U.S. May 31 6-Month Treasury Auction - Total Amount. ($100 million)