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Market News Saudi Arabia fires the first shot in the Asian oil price war; Nvidia denies Kyber delay rumors!
Markets News
Saudi Arabia fires the first shot in the Asian oil price war; Nvidia denies Kyber delay rumors!
TOPONE Markets Analyst2026-07-07 08:34:45
Hot spot tracking
- Nvidia denies Kyber delay rumors: Product roadmap unaffected. This news is positive for Nvidia.
- Saudi Arabia lowered the price of its Arab Light crude oil sold to Asia by $11 per barrel in August, to $1.50 below the average price in Oman/Dubai, marking the largest drop in at least 26 years. This news is bearish for crude oil.
- Trump instructed Walmart to lower prices, and the company subsequently reduced prices on several categories, including beef. This news is negative for fresh livestock suppliers.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.07% 1.14377 1.14452 GBP/USD ▲0.08% 1.34006 1.33898 AUD/USD ▼-0.05% 0.69511 0.69546 USD/JPY ▲0.06% 162.176 162.083 GBP/CAD ▲0.14% 1.90355 1.90087 NZD/CAD ▲0.11% 0.81019 0.8093 📝 Review:On Monday, the US dollar index rose and then fell back, briefly touching 101 before closing down 0.01% at 100.86. The benchmark 10-year Treasury yield closed at 4.474%, while the 2-year Treasury yield, which is sensitive to the Federal Reserve's policy rate, closed at 4.116%.🕵️ Operation suggestion:USD/JPY 162.169 Buy Target Price 163.021
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-0.34% 4151.92 4166.25 Silver ▼-0.71% 61.667 62.105 📝 Review:Influenced by the strong performance of the US dollar in early trading, spot gold opened higher but closed lower, ultimately falling 0.25% to $4,165.13 per ounce; spot silver ultimately closed down 0.59% to $62.06 per ounce.🕵️ Operation suggestion:Gold 4158.99 Sell Target Price 4076.67
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲0.36% 68.888 68.638 Brent Crude Oil ▲0.26% 72.415 72.225 📝 Review:With no new progress in US-Iran negotiations, ships continued to pass through the Strait of Hormuz, causing international oil prices to fluctuate. WTI crude oil closed down slightly by 0.23% at $68.61 per barrel, while Brent crude oil ultimately closed up 0.05% at $71.99 per barrel.🕵️ Operation suggestion:WTI Crude Oil 68.836 Sell Target Price 65.998
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-0.46% 29577.05 29712.45 Dow Jones ▼-0.14% 53031.3 53108.3 S&P 500 ▼-0.20% 7532.85 7548.05 US Dollar Index ▲0.04% 100.74 100.7 📝 Review:U.S. stocks closed up 0.3%, the S&P 500 rose 0.7%, and the Nasdaq Composite gained 1.1%. Western Digital (WDC.O) jumped 7%, Broadcom (AVGO.O) climbed 3.7%, ASML (ASML.O) advanced 3%, and Micron Technology (MU.O) and Intel (INTC.O) each rose slightly. The Nasdaq China Golden Dragon Index closed up 1.7%, and NIO (NIO.N) gained 4.7%.🕵️ Operation suggestion:Nasdaq 100 29670.750 Sell Target Price 28725.750
Calendar
14:45 (GMT+8): France's May trade balance- 20:15 (GMT+8): US ADP Employment Change for the Week Ending June 20
- 20:30 (GMT+8): US May Trade Balance
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