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Hot spot tracking
- World Gold Council: Global physically backed gold exchange-traded funds saw inflows for the second consecutive month in June as European and Asian listed funds increased their gold holdings. This news is bullish for gold.
- Traders have reduced their bets on a rate cut by the Bank of England, believing that the likelihood of a rate cut in August is less than 50%. Earlier, Bank of England chief economist Peel said that underlying inflation dynamics showed a disturbingly strong trend. This news is negative for the pound.
- OPEC maintained its forecast for global crude oil demand growth this year and next year at 2.25 million barrels per day and 1.85 million barrels per day, respectively, which is slightly bullish for crude oil.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.14% 1.08297 1.08295 GBP/USD ▲0.48% 1.28476 1.28482 AUD/USD ▲0.09% 0.67496 0.67494 USD/JPY ▲0.26% 161.705 161.576 GBP/CAD ▲0.37% 1.74969 1.74954 NZD/CAD ▼-0.83% 0.82803 0.82795 📝 Review:On Wednesday, as Powell did not weaken the market's expectations of a rate cut, the US dollar index fell back to around the 105 mark. It eventually closed down 0.118% at 105.01. US Treasury yields fell slightly, with the benchmark 10-year US Treasury yield closing at 4.29% and the two-year US Treasury yield closing at 4.63%.🕵️ Operation suggestion:USD/JPY 161.570 Buy Target Price 162.037
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲0.31% 2371.29 2371.36 Silver ▲0.06% 30.8 30.8 📝 Review:Spot gold continued to rebound, boosted by strong demand from central banks and expectations of a rate cut by the Federal Reserve in September. It hit a daily high of 2,386.56 before Powell's speech, then gave up nearly half of its intraday gains and finally closed up 0.32% at $2,371.38 per ounce. Spot silver traded sideways and finally closed up 0.06% at $30.82 per ounce.🕵️ Operation suggestion:Gold 2372.38 Buy Target Price 2386.76
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲0.57% 81.626 81.571 Brent Crude Oil ▲0.33% 84.958 84.899 📝 Review:Last week, both U.S. crude oil and gasoline inventories fell sharply, easing traders' concerns about demand, and international oil prices rebounded from their lowest point in nearly two weeks. WTI crude oil closed up 0.8% at $82.4 per barrel, while Brent crude oil finally closed up 0.49% at $85.37 per barrel.🕵️ Operation suggestion:WTI Crude Oil 81.572 Buy Target Price 82.831
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.92% 20663.44 20682.9 Dow Jones ▲1.15% 39720.4 39727.4 S&P 500 ▲0.92% 5631.2 5632.92 ▼0.00% 17559.3 17559.3 US Dollar Index ▼-0.11% 104.56 104.54 📝 Review:The three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 1%, the S&P 500 up 1%, setting a record closing high for six consecutive trading days, and the Nasdaq up 1.18%, setting a record closing high for seven consecutive trading days. Tesla (TSLA.O) rose 0.35%, Nvidia (NVDA.O) rose 2.7%, and Apple (AAPL.O) rose 1.8%. The Nasdaq China Golden Dragon Index fell slightly, and Xpeng Motors (XPEV.N) rose more than 7%.🕵️ Operation suggestion:Nasdaq 100 20668.180 Buy Target Price 20807.890
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-0.68% 57373.6 57393.7 Ethereum ▲1.14% 3093.5 3093 Dogecoin ▲0.08% 0.10729 0.10689 📝 Review:Judging from the overall market trend, bullish forces have a clear advantage in the Bitcoin market. As of the latest trading session, Bitcoin’s price remains below the $59,000 mark. After last night’s strong performance, the daily K-line chart showed a strong upward signal, which almost confirmed the formation of a market bottom. Therefore, we can expect a significant rally in Bitcoin.🕵️ Operation suggestion:BitCoin 57522.7 Sell Target Price 54356.0
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