Russia's Gold Reserves Hit Record High; U.S. Completes Oil Reserve Refill!

TOPONE Markets | 2024-11-11 11:04

Abstract：Hot spot tracking Russia's gold reserves exceed $200 billion, a record high. Bullish for gold. Trump is ready to withdraw from the Paris Agreement again. The US Environmental Protection Agency

Hot spot tracking

Russia's gold reserves exceed $200 billion, a record high. Bullish for gold.

Trump is ready to withdraw from the Paris Agreement again. The US Environmental Protection Agency headquarters may move out of Washington. Bullish for the US dollar.

More than 25% of oil and 16% of natural gas production in the U.S. Gulf of Mexico remains offline. Bullish for crude oil and natural gas.

Product Hot Comment

Forex
ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.81%1.07171.07094GBP/USD▼-0.52%1.292011.29112AUD/USD▼-1.43%0.65840.6583USD/JPY▼-0.28%152.512152.701GBP/CAD▼-0.13%1.797771.79513NZD/CAD▼-0.62%0.82980.8293
📝 Review:On Thursday, the "Trump deal" was still in effect last Friday. The US dollar index resumed its upward trend, testing the 105 mark again during the session, and finally closed up 0.587% at 104.95. US Treasury yields rose and fell. The benchmark 10-year US Treasury yield closed at 4.306%; the two-year US Treasury yield closed at 4.26%.
🕵️ Operation suggestion:USD/JPY 152.941 Buy Target Price 153.325

Gold
ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-0.78%2685.092685.72Silver▼-2.46%31.23631.245
📝 Review:Spot gold fell to a low of $2,680.26/oz due to the pressure of a stronger dollar and the further fading of market expectations for the Fed's rate cut. It eventually closed down 0.84% at $2,683.77/oz, posting the largest weekly drop in more than five months last week. Spot silver eventually closed down 2.34% at $31.29/oz.
🕵️ Operation suggestion:Gold 2684.25 Sell Target Price 2642.38

Crude Oil
ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-2.37%70.17970.025Brent Crude Oil▼-2.11%73.80173.669
📝 Review:International crude oil prices fell as traders' concerns about long-term supply disruptions caused by hurricanes in the Gulf of Mexico eased. WTI crude oil once fell below the 70 mark, rebounded in late trading, and finally closed down 2.32% at $70.23 per barrel; Brent crude oil closed down 2.08% at $73.84 per barrel.
🕵️ Operation suggestion:WTI Crude Oil 70.024 Sell Target Price 68.341

Indice
ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲0.04%21130.8121189.07Dow Jones▲0.47%44030.644078.5S&P 500▲0.36%5999.656008.85▼0.00%17559.317559.3US Dollar Index▲0.64%104.79104.82
📝 Review:The three major U.S. stock indexes hit new all-time highs. The Dow Jones Industrial Average closed up 0.59% at 43,988.99 points, breaking through 44,000 points for the first time during the session; the S&P 500 rose 0.38% to 5,995.54 points, and once stood above the 6,000-point mark for the first time during the day; the Nasdaq rose 0.09% to 19,286.78 points. Large technology stocks rose and fell. Tesla rose more than 8%, and last week it rose more than 29%, the largest weekly increase since January 2023, and its total market value returned to $1 trillion; Google fell more than 1%, Intel, Nvidia, Apple, Microsoft, Netflix, Amazon, and Meta fell slightly.
🕵️ Operation suggestion:Nasdaq 100 21203.700 Buy Target Price 21311.805

Crypto
ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲4.25%79914.580666.2Ethereum▲1.42%3169.83184.7Dogecoin▲23.61%0.270480.27744
📝 Review:Recently, the price of Bitcoin has been fluctuating in a relatively narrow range. Currently, the price of Bitcoin is below 76,200 points. Although it has broken through the previous 30-minute fluctuation range of 72,700 to 74,800, this breakthrough is not considered strong. Because it did not continue to stay above the range, but fluctuated slightly above the range for a long time. As for Ethereum, it continued to rise today, and the ETH/BTC exchange rate broke through the 4-hour 233 moving average, which may indicate that the exchange rate of Ethereum relative to Bitcoin will continue to rise in the future.
🕵️ Operation suggestion:BitCoin 80474.4 Buy Target Price 82178.0