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Market News Spot Gold Broke Through the 1920 Mark, Crude Oil Rose by More Than 8% In A Week
Markets News
Spot Gold Broke Through the 1920 Mark, Crude Oil Rose by More Than 8% In A Week
TOPONE Markets Analyst
2023-01-16 09:30:00

Hot spot tracking

  • UAE energy minister: OPEC+ capacity down by 3.7 million barrels per day
  • U.S. one-year inflation forecast hits 4% in January, lowest since June 2021
  • Yellen: U.S. government spending will hit current debt ceiling on Jan. 19

Product Hot Comment

  • Forex
    EUR/USD fell 0.060% yesterday to 1.08274; GBP/USD fell 0.058% yesterday to 1.22265; AUD/USD fell 0.074% yesterday to 0.69749; USD/JPY rose 0.140% yesterday to 128.059; GBP/CAD fell 0.043% yesterday to 1.63746; NZD/CAD fell 0.042% yesterday to 0.85473.
    📝 Review:The yen surged on Friday, extending previous gains amid speculation the Bank of Japan will tweak its ultra-loose monetary policy, while the dollar rose against most other major currencies, recovering from seven-month lows.
    🕵️ Operation suggestion:go short USD/JPY at 128.016, target price 127.050.
  • Gold
    Spot gold fell 0.116% yesterday to $1918.40/oz; Spot silver rose 0.120% yesterday to $24.280/oz.
    📝 Review:Gold climbed to a more than eight-month high on Friday, holding above the key level of $1,900 an ounce, as cooling U.S. inflation stoked hopes that the Federal Reserve would slow rate hikes.
    🕵️ Operation suggestion:go long at 1918.01, the target price is 1929.55.
  • Crude Oil
    WTI crude oil fell 0.101% yesterday to $80.083/barrel; Brent crude oil rose 1.948% yesterday to $85.495/barrel.
    📝 Review:Oil prices settled Friday up more than $1 a barrel, posting their biggest weekly gain since October, as the dollar fell to seven-month lows and as more indicators pointed to growing demand in top oil importers.
    🕵️ Operation suggestion:go long at 80.118, the target price 81.535.
  • Indice
    The Nasdaq index fell 0.125% yesterday to 11521.600; The Dow Jones index fell 0.037% yesterday to 34285.8; The S&P 500 index fell 0.081% yesterday to 3994.200.
    📝 Review:U.S. stocks opened lower and moved higher. At the beginning of the session, the Wall Street banking giant’s financial report released a signal of economic deterioration or expected recession. However, during the session, consumers’ inflation expectations unexpectedly accelerated and turned higher. In the end, the three major stock indexes collectively closed up, and the Nasdaq closed up 0.71 %, closing at its highest level since Dec. 14, 2022.
    🕵️ Operation suggestion: long the Nasdaq index at 11517.000, the target price 11609.100

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