- 现货原油:
- 吨
- 现货沥青:
- 吨
- 现货铜:
- 吨
Before the end of the Chinese New Year, some bulls chose to take profits and leave the market, prompting the short-term decline in gold prices. Other Asian markets also showed little willingness to buy gold, as sharp price increases in a short period of time discouraged buyers.
HSBC (HB) analysts pointed out in a report that if the entry market continues to be stable, then gold prices will correct further.
[Oil prices react seriously to the news of production cuts, can they avoid being a flash in the pan this time? 】
Commerzbank believes that the market reacted so strongly to the news of production cuts, highlighting that the market takes these comments very seriously.
Oil giant Shell said on Monday (May 1) that the decline in oil prices may stabilize in the second half of this year and rebound later.
Barclays said on Monday (June 2) that oil prices are unlikely to be lower than the US dollar/barrel for a long time. The current adjustment speed of the supply side is enough to prevent oil prices from being lower than the US dollar/barrel for a long time. Future development will largely depend on the level of demand. .
However, many analysts, including those at the International Energy Agency, have expressed doubts about the possibility of joint production cuts with other oil producers.
Phillip Futures (h) said that we continue to believe that if oil prices are really supported by production cuts, it will only be a nap at a more expensive price, and production cuts can only solve the problem in the short term.
Iran’s Vice President said last Saturday (May 1) that Iran’s current crude oil exports are 10,000 barrels per day, and will rise to 10,000 barrels per day starting from the new Iranian fiscal year. In addition, a senior Iranian official said that Iran will transport 10,000 barrels of crude oil to Europe in the next hour.
[The U.S. dollar was forced to rise in the foreign exchange market, and commodity currencies were even stronger]
The U.S. dollar rebounded strongly for the second consecutive trading day on the day (Month), mainly driven by the weakening of European currencies and the Japanese yen. The retaliatory surge in oil prices last Friday brought confidence to the market, and the stock market finally turned sunny. The cooling off of risk aversion and Japan's weak GDP and industrial output data have put pressure on the yen. The euro and yen are currently doing a good job on risk sentiment. There was a linkage reaction and was also suppressed by easing expectations. Draghi once again hinted at the possibility of additional easing in May. The British pound continues to be under pressure from the risk of Brexit, with HSBC saying on the same day that Brexit will trigger a period of uncertainty.