News

Golden Ten Data reported on March 4 that crude oil futures prices have stabilized, as the momentum from the Iran-related rally has weakened. Russell Shor from Tradu stated: "The parabolic rise in Brent crude oil and West Texas Intermediate crude oil makes prices highly susceptible to short-term pullbacks, and the market appears to be in an overbought state in the short term." He added that, since tanker traffic through the Strait of Hormuz has essentially come to a standstill, the core challenge now is how to transport oil to the market. He believes that President Trump's proposal to provide naval support to protect tankers passing through the strait could serve as a catalyst for oil prices to partially normalize after a rapid surge.

Golden Ten Data reported on March 4 that analysts from UniCredit Bank Investment Academy in Italy pointed out in their report that, despite ongoing conflicts in the Middle East, emerging market stocks remain attractive. The analysts expect that the US-Iran war will soon de-escalate, as "all parties have significant interests in resolving the conflict." The analysts stated that if the war ends in the short term and the damage is limited, emerging market stocks are likely to perform well. They believe: "Improved profitability and valuations that are more attractive compared to developed markets will continue to support emerging markets."

Jinse Finance reported, according to market sources: The world's largest asset management company BlackRock (managing 14 trillions USD) has launched a new bitcoin advertisement with the core message: "The market is more than just stocks and bonds. Gain bitcoin exposure through IBIT."