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Market News Trump continues to send optimistic signals, but Iran pours cold water on the situation, causing US oil prices to plummet 13% intraday before a V-shaped recovery!
Markets News
Trump continues to send optimistic signals, but Iran pours cold water on the situation, causing US oil prices to plummet 13% intraday before a V-shaped recovery!
Author Avatar TOPONE Markets Analyst
2026-05-07 08:30:00

Hot spot tracking

  • The US ADP nonfarm payrolls report showed an increase of 109,000 jobs in April, slightly higher than the expected 99,000. The previous figure was revised down from 62,000 to 61,000. This news is positive for the US dollar.
  • Federal Reserve – Musalamu: There are reasonable scenarios suggesting that interest rates need to remain stable for some time. This news is bullish for the US dollar.
  • US gasoline prices hit $4.50, near a record high. This news is bullish for crude oil.

Product Hot Comment

  • Forex Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD 0.03% 1.17526 1.17495
    GBP/USD 0.05% 1.35986 1.35917
    AUD/USD -0.09% 0.72312 0.72379
    USD/JPY 0.18% 156.521 156.244
    GBP/CAD 0.13% 1.85403 1.85164
    NZD/CAD 0.06% 0.81206 0.81156
    📝 Review:The US dollar index plunged, driven by both weakening safe-haven appeal and suspicions of Japanese foreign exchange intervention, hitting a low of 97.62 before closing down 0.486% at 98.01. US Treasury yields continued their decline, with the benchmark 10-year Treasury yield closing at 4.351%, while the 2-year Treasury yield, sensitive to Federal Reserve policy rates, closed at 3.87%.
    🕵️ Operation suggestion:

    USD/JPY 156.394  Sell  Target Price  155.115

  • Gold Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold 0.06% 4700.63 4698.01
    Silver 0.41% 77.705 77.385
    📝 Review:Rekindled hopes for US-Iran peace talks further eased inflation concerns and upward pressure on interest rates, pushing spot gold up to $4,720 per ounce during the session, a new high in over a week, before ultimately closing up 2.93% at $4,691.05 per ounce; spot silver closed up 6.2% at $77.35 per ounce.
    🕵️ Operation suggestion:

    Gold 4696.74  Buy  Target Price  4831.35

  • Crude Oil Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil 0.09% 93.422 93.338
    Brent Crude Oil -0.47% 99.955 100.422
    📝 Review:International oil prices plunged. Following reports that the US and Iran were close to reaching a memorandum of understanding to end the war, WTI crude oil continued its downward trend, falling more than 13% at one point, dropping below $90 per barrel for the first time since April 21. It subsequently rebounded after Trump threatened to resume bombing and Iran weakened market expectations, ultimately closing down 6.3% at $97.09 per barrel; Brent crude oil ultimately closed down 7.82% at $100.45 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 93.148  Sell  Target Price  87.029

  • Indice Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 0.13% 28574.05 28537.05
    Dow Jones 0.08% 49923.8 49884.3
    S&P 500 0.10% 7359.45 7351.75
    US Dollar Index -0.03% 97.87 97.9
    📝 Review:U.S. stocks closed higher across the board, with the Dow Jones Industrial Average up 1.2%, the S&P 500 up 1.4%, and the Nasdaq Composite up 2%. The Dow briefly climbed back above 50,000 points during the session, while the latter two continued to hit new highs. Nvidia (NVDA.O) surged 5.7%, bringing its market capitalization to $5.05 trillion. Google (GOOG.O) rose nearly 3%, and Intel (INTC.O) gained 4%. The Nasdaq China Golden Dragon Index rose 3.46%, Alibaba (BABA.N) climbed nearly 7%, and Baidu (BIDU.O) surged over 11%.
    🕵️ Operation suggestion:

    Nasdaq 100 28556.950  Buy  Target Price  29015.053

  • Crypto Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin -0.71% 80897.7 81476.7
    Ethereum -0.77% 2333.7 2351.9
    Dogecoin -0.95% 0.11095 0.11201
    📝 Review:Bitcoin has been fluctuating at high levels since last night, with a 24-hour high of $82,828 and a low of $80,724, currently trading at $81,600, almost flat. On the news front, easing tensions between the US and Iran and a stronger US stock market boosted risk appetite, but MicroStrategy's abandonment of its "never sell" strategy triggered selling pressure. Technically, the 4-hour MACD shows a slight divergence, and the RSI is slightly bullish at 60. Support is at $80,000 and resistance at $82,800, suggesting short-term consolidation at high levels.
    🕵️ Operation suggestion:

    BitCoin 81377.0  Buy  Target Price  82861.6

Calendar

  • Hot Icon
    19:30 (GMT+8): US Challenger Job Cuts in April
  • Hot Icon
    20:30 (GMT+8): US Initial Jobless Claims for the Week Ending May 2
  • Hot Icon
    22:30 (GMT+8): U.S. EIA Natural Gas Storage for the Week Ending May 1
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