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Hot spot tracking

  • The U.S. non-seasonally adjusted CPI annual rate in May was 3.3%, lower than market expectations of 3.4% and falling to a three-month low. The non-seasonally adjusted core CPI in the United States recorded an annual rate of 3.4% in May, lower than the expected 3.5% and the lowest level since April 2021.
  • The Federal Reserve kept its benchmark interest rate unchanged at a range of 5.25%-5.50% for the seventh consecutive time. The dot plot cuts expectations for interest rate cuts this year from three to one, and raises them to four next year. Officials raised their PCE and core PCE forecasts for this year and next, citing further modest progress in inflation in recent months. The Federal Reserve maintained its GDP growth forecast for 2024-2026 and slightly raised its unemployment rate forecast for next year. Powell said inflation had eased significantly but was still too high. So far this year, there has been no greater confidence in inflation to warrant a rate cut. Keeping interest rates unchanged will be bullish for the dollar.
  • IEA monthly report: As demand peaks, a large oil supply glut is expected this decade. Therefore, crude oil prices are likely to fall further.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD ▲0.62% 1.08089 1.08124
    GBP/USD ▲0.45% 1.27974 1.28001
    AUD/USD ▲0.86% 0.66655 0.66657
    USD/JPY ▼-0.25% 156.723 156.595
    GBP/CAD ▲0.21% 1.75599 1.75514
    NZD/CAD ▲0.46% 0.84859 0.84837
    📝 Review:On Wednesday, the U.S. dollar index plunged sharply as U.S. May CPI data was lower than expected. Later, it rebounded due to the hawkish signal from the Federal Reserve's latest interest rate forecast, and finally closed down 0.56% at 104.67. The 10-year U.S. Treasury yield finally closed at 4.3230%. The yield on the 2-year U.S. Treasury note, which is most sensitive to the Fed's policy rate, finally closed at 4.7600%.
    🕵️ Operation suggestion:

    USD/JPY 156.795  Buy  Target Price  157.776

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold ▲0.35% 2324.88 2325.03
    Silver ▲1.54% 29.708 29.705
    📝 Review:Spot gold rose for the third consecutive trading day, boosted by an unexpectedly weak U.S. CPI report. The price once touched $2,340 per ounce, and finally closed up 0.27% at $2,322.50 per ounce. Spot silver finally closed up 1.52% at $29.70 per ounce.
    🕵️ Operation suggestion:

    Gold 2318.56  Sell  Target Price  2365.40

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil ▲0.17% 77.954 77.96
    Brent Crude Oil ▲0.24% 82.113 82.14
    📝 Review:International oil prices rose as tensions in the Middle East continued to provide support. WTI crude oil finally closed up 0.16% at US$78.24/barrel; Brent crude oil closed up 0.43% at US$82.48/barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 77.918  Buy  Target Price  80.043

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 ▲1.22% 19457.75 19577.57
    Dow Jones ▼-0.06% 38711.7 38704.4
    S&P 500 ▲0.78% 5420.36 5431.59
    ▼0.00% 17559.3 17559.3
    US Dollar Index ▼-0.56% 104.27 104.26
    📝 Review:The Dow Jones Industrial Average closed down 0.09%, the S&P 500 Index rose 0.85%, and the Nasdaq Composite Index rose 1.53% as the Federal Reserve kept interest rates unchanged and announced a hawkish dot plot. The latter two hit new closing highs for three consecutive trading days. Nvidia (NVDA.O) closed up 3.5%; Apple (AAPL.O) rose 2.86%, once regaining the title of the world's largest market capitalization during the session; Microsoft (MSFT.O) rose 1.94%. The Nasdaq China Golden Dragon Index closed down 0.13%.
    🕵️ Operation suggestion:

    Nasdaq 100 19588.070  Buy  Target Price  19666.590

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin ▲1.02% 68084.2 68514.3
    Ethereum ▲1.53% 3554.6 3564.6
    Dogecoin ▲5.07% 0.14546 0.14623
    📝 Review:Looking at the overall trend, the bullish side of the BTC market clearly has an advantage. The current level has been 67600. This position has been tested several times during the day, but there has been no breakthrough. There may be a higher chance of breakthrough in the evening. At the same time, US CPI data will be released at 8:30 tonight. The result may be the same as last time, which is in line with expectations, and it may pull back to 69,000.
    🕵️ Operation suggestion:

    BitCoin 68058.2  Buy  Target Price  68952.0

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