Market News Oil prices fall to their lowest level since early March; will the Strait of Hormuz be charged a toll?
Markets News
Oil prices fall to their lowest level since early March; will the Strait of Hormuz be charged a toll?
2026-06-17 08:39:37
Hot spot tracking
- A World Gold Council survey indicates more central banks are planning to increase their gold reserves. This news is bullish for gold.
- Trump: I'm prepared to invalidate the Russian oil sanctions waivers when they expire. This news is bullish for crude oil.
- The Bank of Japan raised its target interest rate from 0.75% to 1.00%, the highest level in 31 years; the central bank also decided to pause the reduction of its bond purchases starting next April. This news is positive for the yen.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.07% 1.16161 1.16078 GBP/USD ▲0.01% 1.34318 1.34299 AUD/USD ▼-0.05% 0.7063 0.70668 USD/JPY ▼-0.03% 160.362 160.414 GBP/CAD ▲0.02% 1.87936 1.87896 NZD/CAD ▲0.11% 0.81614 0.81528 📝 Review:On Tuesday, market sentiment was cautious ahead of the Federal Reserve's interest rate decision. The US dollar index fluctuated lower, ultimately closing down 0.11% at 99.56; the benchmark 10-year US Treasury yield closed at 4.444%, and the 2-year US Treasury yield, which is sensitive to the Fed's policy rate, closed at 4.064%.🕵️ Operation suggestion:USD/JPY 160.404 Buy Target Price 160.992
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▲0.20% 4341.62 4333.04 Silver ▲0.36% 70.29 70.035 📝 Review:Spot gold rose for the fourth consecutive trading day, but the gains slowed, ultimately closing up 0.51% at $4,331.23 per ounce; spot silver touched $71 per ounce again during the session before falling back, ultimately closing up 2.91% at $70.02 per ounce.🕵️ Operation suggestion:Gold 4339.25 Buy Target Price 4420.72
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲0.37% 75.987 75.708 Brent Crude Oil ▼-0.30% 79.053 79.289 📝 Review:International crude oil prices hit a new low since early March, with reports indicating that the US-Iran agreement allowed Iran to immediately sell crude oil. WTI crude oil touched a low of $75.73 per barrel, eventually closing down 5.76% at $76.7 per barrel; Brent crude oil fell below the $80 mark, eventually closing down 4.47% at $79.24 per barrel.🕵️ Operation suggestion:WTI Crude Oil 75.775 Sell Target Price 72.110
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.11% 30068.95 30034.45 Dow Jones ▲0.10% 52086.1 52036.1 S&P 500 ▲0.09% 7527.05 7520.45 US Dollar Index ▼-0.04% 99.4 99.44 📝 Review:U.S. stocks closed mixed, with the Dow Jones Industrial Average up 0.6%, the S&P 500 down 0.57%, and the Nasdaq Composite down 1.15%. SpaceX (SPCX.O) rose as much as 17% intraday but ultimately closed up 4.8%. Micron Technology (MRVL.O) fell nearly 10%, and Micron Technology (MU.O) fell 6%. The Nasdaq China Golden Dragon Index fell 2.5%, and XPeng Motors (XPEV.N) fell more than 4%.🕵️ Operation suggestion:Nasdaq 100 30036.050 Buy Target Price 31069.363
Calendar
- 20:30 (GMT+8): US May Retail Sales (MoM)
- 22:00 (GMT+8): US May Pending Home Sales Index (MoM)
- 22:30 (GMT+8): US EIA Crude Oil Inventories for the week ending June 12
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