logo |

News

    Home   >     Original    >     Main body

    The Nikkei Index Plunged, Implicating Crude Oil and Gold

    Abstract:Yesterday, the Nikkei index plunged, and the hedging sentiment of the financial markets caused prices of both crude oil and gold to fall.

      WikiFX News (16 June)-Yesterday, the Nikkei index plunged, and the hedging sentiment of the financial markets caused prices of both crude oil and gold to fall.

      The fall in gold and other risk assets may reflect the rise in the US dollar or weakened the attractiveness of fiat currency alternatives. The unmatched liquidity of the US dollar often makes it a beneficiary of capital flows that seek hedging.

      The Japanese stock market suffered a greater loss compared with other regional stock markets, and stocks in the industrial products, consumer and technology sectors have contributed to the sharp decline. To sum up, this makes the price trend cyclical and may reflect concerns about the global economic recession. The S&P 500 stock index futures, a risk indicator, fell sharply before US stocks opened, warning that market risk aversion may go on heating up.

      In terms of crude oil prices, bears are currently threatening the 34.78 support level. If the intraday price closes below this level, it will fall further to the turning point at around 27.40-29.11. The recent resistance is within 42.40-43.88 area and if oil price breach through this level, the next target will likely be US$50 per barrel.

      The above information is provided by WikiFX, a world-renowned foreign exchange information query provider. For more information, please download the WikiFX App bit.ly/WIKIFX

      

    分析-06.16.png

    Latest News

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

    ×

    Select Country/Area

    ×

    Select Country/Area