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Market News New developments in US-Iran peace talks? Iraqi oil prices plummet!
Markets News
New developments in US-Iran peace talks? Iraqi oil prices plummet!
TOPONE Markets Analyst2026-05-06 09:12:48
Hot spot tracking
- The Reserve Bank of Australia raised interest rates for the third consecutive time, highlighting its determination to curb inflation. This news is positive for the Australian dollar.
- Anthropic has pledged $200 billion to Google's cloud services and chip business. This news is positive for Google.
- Iraq has drastically lowered oil prices to attract buyers willing to cross the Strait of Hormuz. This news is bearish for crude oil.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.28% 1.1725 1.16924 GBP/USD ▲0.29% 1.35793 1.35405 AUD/USD ▲0.58% 0.72245 0.71826 USD/JPY ▼-0.23% 157.537 157.896 GBP/CAD ▲0.19% 1.8466 1.84301 NZD/CAD ▲0.43% 0.8049 0.80147 📝 Review:The US dollar index traded sideways, ultimately closing up 0.019% at 98.48. The benchmark 10-year US Treasury yield closed at 4.429%, while the 2-year US Treasury yield, which is sensitive to Federal Reserve policy rates, closed at 3.95%.🕵️ Operation suggestion:USD/JPY 157.664 Sell Target Price 155.510
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲1.37% 4622.4 4560.14 Silver ▲2.60% 74.731 72.84 📝 Review:Precious metals rebounded as signs that the US-Iran ceasefire agreement remained in effect eased inflation concerns and upward pressure on interest rates. Spot gold rose initially before falling, reaching a high of $4,586.61 per ounce, before closing up 0.74% at $4,557.55 per ounce; spot silver closed up 0.14% at $72.83 per ounce.🕵️ Operation suggestion:Gold 4589.75 Buy Target Price 4665.61
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-3.47% 96.43 99.896 Brent Crude Oil ▼-2.90% 105.836 109 📝 Review:International oil prices fell but remained high as the Strait of Hormuz remained largely closed. WTI crude oil ultimately closed down 2.45% at $103.63 per barrel; Brent crude oil ultimately closed down 2.96% at $108.96 per barrel.🕵️ Operation suggestion:WTI Crude Oil 98.056 Buy Target Price 106.515
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-0.11% 28130.05 28161.7 Dow Jones ▲0.38% 49443.2 49254.2 S&P 500 ▲0.32% 7294.55 7271.15 US Dollar Index ▼-0.25% 98.14 98.39 📝 Review:U.S. stocks rebounded, with the Dow Jones Industrial Average rising 0.7%, the S&P 500 gaining 0.8%, and the Nasdaq Composite climbing 1%, the latter two hitting record closing highs. Nvidia (NVDA.O) fell 1%, Micron Technology (MU.O) rose 11%, Intel (INTC.O) climbed 12.9%, and SanDisk (SNDK.O) gained 12%. The Nasdaq China Golden Dragon Index closed up 0.12%, while iQiyi (IQ.O) fell 4%.🕵️ Operation suggestion:Nasdaq 100 28172.450 Buy Target Price 28742.130
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-0.86% 80644.4 81344.6 Ethereum ▼-1.01% 2349.3 2373.2 Dogecoin ▼-1.44% 0.1128 0.11445 📝 Review:Bitcoin has been trending strongly upwards since last night, reaching a high of $81,795 and a low of $79,755 in the past 24 hours, and is currently trading at $81,100, up approximately 1.4%. On the news front, easing tensions in the Middle East and record highs in US stocks have boosted risk appetite, while continued net inflows into ETFs have supported the bulls. Technically, the 4-hour MACD shows a golden cross, and the RSI is at a bullish 62. Support is at $80,000 and resistance is at $82,000, with the bulls currently in control.🕵️ Operation suggestion:BitCoin 81066.1 Buy Target Price 83070.6
Calendar
20:15 (GMT+8): US April ADP Employment Change- 20:30 (GMT+8): US April Global Supply Chain Stress Index
- 22:30 (GMT+8): US EIA Crude Oil Inventories for the week ending May 1
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