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Hot spot tracking

  • The Fed kept interest rates unchanged and revised its statement to reflect recent calls for rate cuts, but retained the wording that "rate cuts will not be made until there is greater confidence in inflation." Powell said that the meeting had an in-depth discussion on rate cuts, and that rate cuts could be made as early as September if data meets the requirements. Keeping interest rates unchanged is good for the dollar in the short term, while the expectation of a rate cut in September is bad for the dollar in the medium and long term.
  • The U.S. ADP employment increased by 122,000 in July, lower than the expected 150,000 and the smallest increase since January 2024. The decline in employment is bearish for the U.S. economy and the dollar.
  • The Bank of Japan unexpectedly raised interest rates by 15 basis points to 0.25% while reducing its bond purchases. Bank of Japan Governor Kazuo Ueda pointed out that the weak yen was one of several factors that influenced the Bank of Japan's decision and also opened the door to tightening policy. Japan's interest rate hike is bullish for the yen.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD ▲0.11% 1.08254 1.08265
    GBP/USD ▲0.17% 1.28551 1.28565
    AUD/USD ▲0.04% 0.65439 0.65464
    USD/JPY ▼-1.78% 149.962 149.871
    GBP/CAD ▼-0.11% 1.77493 1.77454
    NZD/CAD ▲0.49% 0.82141 0.82133
    📝 Review:On Wednesday, the market almost fully priced in a rate cut by the Federal Reserve in September as Powell opened the door to a rate cut in September. The US dollar index fell slightly, but remained above the 104 mark, and finally closed down 0.41% at 104.05. The US dollar hit a four-month low against the Japanese yen, falling below the 150 mark; US Treasury yields fell sharply, with the benchmark 10-year US Treasury yield falling nearly 4% to close at 4.0350%, and the two-year US Treasury yield closed at 4.266%.
    🕵️ Operation suggestion:

    USD/JPY 149.708  Sell  Target Price  148.957

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold ▲1.51% 2447.27 2448.89
    Silver ▲2.08% 28.983 29.014
    📝 Review:Spot gold continued its upward trend, rising by more than 1% again and approaching the $2,450 mark, but failed to reach it and finally closed up 1.53% at $2,447.75 per ounce. Spot silver finally closed up 2.17% at $28.99 per ounce.
    🕵️ Operation suggestion:

    Gold 2446.59  Buy  Target Price  2474.69

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil ▲4.27% 78.052 78.069
    Brent Crude Oil ▲3.82% 81.438 81.431
    📝 Review:In response to the assassination of Hamas leader, foreign media reported that Iranian leader ordered an attack on Israel in retaliation, and crude oil rebounded sharply. WTI crude oil continued to rise during the day, with an increase of more than 4%, breaking through $78, and finally closed up 4.28% at $78.04 per barrel; Brent crude oil returned to above the $80 mark, and finally closed up 3.82% at $81.43 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 78.031  Buy  Target Price  79.335

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 ▲3.08% 19392.1 19484.85
    Dow Jones ▲0.76% 40910.7 40923.1
    S&P 500 ▲1.85% 5531.56 5546.41
    ▼0.00% 17559.3 17559.3
    US Dollar Index ▼-0.37% 103.8 103.8
    📝 Review:Thanks to the "small non-agricultural" data and Powell's endorsement of the interest rate cut in September, US stocks closed higher on Wednesday. The Dow Jones Industrial Average closed up 0.24%, the S&P 500 rose 1.58%, and the Nasdaq rose 2.63%. Nvidia (NVDA.O) rose 12.8%, TSMC (TSM.N) rose 7%, and Tesla (TSLA.O) rose 4%. After the financial report was released, Meta Platforms (META.O) US stocks rose more than 7% after the market, Arm (ARM.O) US stocks fell more than 10% after the market, the Nasdaq China Golden Dragon Index closed up 0.78%, Li Auto (LI.O) rose 5%, and Alibaba (BABA.N) rose 1%.
    🕵️ Operation suggestion:

    Nasdaq 100 19550.220  Buy  Target Price  19864.465

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin ▼-2.55% 64560 64932.6
    Ethereum ▼-1.77% 3220.2 3236.1
    Dogecoin ▼-3.13% 0.12159 0.12217
    📝 Review:From the overall trend, the Bitcoin market is currently in a state of balance between long and short forces. As of the time of our observation, the price of Bitcoin is below 66,200 points. However, we noticed 9 small price fluctuations on the 30-minute chart, which may indicate that the market has signs of a rebound in the short term.
    🕵️ Operation suggestion:

    BitCoin 64569.0  Sell  Target Price  63327.2

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