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Market News Gold briefly fell below the $4,000 mark, while crude oil surged 9%!
Markets News
Gold briefly fell below the $4,000 mark, while crude oil surged 9%!
TOPONE Markets Analyst2026-07-14 08:34:36
Hot spot tracking
- OPEC's monthly report lowered its 2026 global oil demand growth forecast to 780,000 barrels per day, while raising its 2027 forecast to 1.94 million barrels per day. This news is bearish in the short term but bullish in the long term for crude oil.
- Federal Reserve Governor Waller stated that if core inflation remains strong this week, the FOMC will have to consider tightening monetary policy in the near term. This news is bullish for the US dollar.
- The Bank of Korea expects the AI-driven chip "supercycle" to continue, refuting concerns that it has peaked. This news is positive for the Korean won and Korean stocks.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.05% 1.13776 1.13836 GBP/USD ▼-0.07% 1.33418 1.33511 AUD/USD ▼-0.08% 0.69118 0.69173 USD/JPY ▼-0.04% 162.382 162.444 GBP/CAD ▼-0.01% 1.88821 1.88833 NZD/CAD ▲0.30% 0.81602 0.81355 📝 Review:On Monday, the US dollar index rose sharply during the US session after US President Trump announced the restoration of the naval blockade against Iran and threatened to strike Iran's underground nuclear facilities. It eventually closed up 0.31% at 101.28. The benchmark 10-year US Treasury yield closed at 4.620%, and the 2-year US Treasury yield, which is sensitive to the Federal Reserve's policy rate, closed at 4.296%.🕵️ Operation suggestion:USD/JPY 162.442 Buy Target Price 163.170
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-0.58% 3983.54 4006.88 Silver ▼-0.55% 57.037 57.35 📝 Review:As the escalating conflict in the Middle East fueled market concerns about a rebound in inflation and the Federal Reserve potentially pushing inflation "higher and longer," spot gold continued its downward trend, falling more than $100 during the day and briefly dropping below the $4,000 mark before ultimately closing down 2.85% at $4,001.98 per ounce. Spot silver closed down 3.66% at $57.66 per ounce.🕵️ Operation suggestion:Gold 3986.84 Sell Target Price 3949.43
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲3.08% 80.092 77.702 Brent Crude Oil ▲2.07% 85.091 83.366 📝 Review:International oil prices surged nearly 9% on Monday. WTI crude oil started its upward trend before the US session and accelerated its rise during the US session, eventually closing up 8.93% at $77.80 per barrel; Brent crude oil closed up 9.01% at $82.78 per barrel.🕵️ Operation suggestion:WTI Crude Oil 79.880 Buy Target Price 84.527
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.14% 29267.05 29225.85 Dow Jones ▼-0.27% 52322.7 52466.2 S&P 500 ▼-0.21% 7494.45 7509.95 US Dollar Index ▲0.04% 101.19 101.15 📝 Review:U.S. stocks closed lower, with the Dow Jones Industrial Average down 0.26%, the S&P 500 down 0.79%, and the Nasdaq Composite down 1.55%. Micron Technology (MU.O) fell 4.3%, Nvidia (NVDA.O) fell 3.5%, Intel (INTC.O) fell 6%, and SanDisk (SNDK.O) plunged more than 12%. The Nasdaq China Golden Dragon Index closed down 0.14%, while NetEase (NTES.O) and JD.com (JD.O) both rose more than 2%.🕵️ Operation suggestion:Nasdaq 100 29230.750 Sell Target Price 28703.738
Calendar
18:00 (GMT+8): US June NFIB Small Business Confidence Index- 20:15 (GMT+8): US ADP Employment Change for the Week Ending June 27
- 20:30 (GMT+8): US June Unadjusted CPI YoY
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