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Market News Sudden global network failure stimulated the strengthening of the US dollar; gold narrowly held at $2,400/ounce!
Markets News
Sudden global network failure stimulated the strengthening of the US dollar; gold narrowly held at $2,400/ounce!
TOPONE Markets Analyst2024-07-22 09:24:17
Hot spot tracking
- The Israeli army launched its first airstrike against Houthi targets in Yemen, killing three and injuring 87. The scope of the war has expanded, bullish for gold and crude oil.
- The antivirus platform Crowdstrike failed, causing Microsoft's Windows system to crash worldwide. Many companies and multiple financial markets were affected, and flights in many places were delayed or grounded. Insurance company Marsh & McLennan said that more than 75 customers may file network failure claims due to the global collapse of CrowdStrike. Microsoft said that a technical failure caused 8.5 million Windows devices to be affected. Bearish for Microsoft stock.
- Russian media: The draft document to restore Russia's gasoline export ban from September will be ready on Monday. The ban also increases crude oil supply, which is bearish for crude oil prices.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.17% 1.08789 1.08861 GBP/USD ▼-0.25% 1.29103 1.29159 AUD/USD ▼-0.37% 0.66854 0.66883 USD/JPY ▲0.10% 157.498 157.411 GBP/CAD ▼-0.03% 1.77267 1.77142 NZD/CAD ▼-0.45% 0.82473 0.82481 📝 Review:Last Friday, due to global network failures, investors were concerned about digital currencies. The US dollar index fluctuated upward and ended two consecutive weeks of negative lines, and finally closed up 0.18% at 104.37. The benchmark 10-year US Treasury yield finally closed at 4.2420%, and the two-year US Treasury yield closed at 4.5210%.🕵️ Operation suggestion:USD/JPY 157.419 Sell Target Price 156.192
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-1.92% 2398.64 2401.08 Silver ▼-1.99% 29.195 29.173 📝 Review:Spot gold fell sharply due to the strengthening of the US dollar index and traders' profit-taking. It once fell below the 2,400 mark during the day and finally closed down 1.83% at $2,400.38 per ounce, recording three consecutive declines on the weekly line. Spot silver finally closed down 2.10% at $29.21 per ounce.🕵️ Operation suggestion:Gold 2407.18 Sell Target Price 2385.49
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-2.63% 78.621 78.63 Brent Crude Oil ▼-2.38% 81.915 82.155 📝 Review:WTI crude oil fluctuated and fell, and finally closed down 2.75% at $78.58 per barrel, hitting a monthly low. The reason is that US Secretary of State Blinken said that a ceasefire agreement in Gaza is expected to be reached and the Red Sea crisis may be alleviated. Brent crude oil finally closed down 2.57% at $82.60 per barrel.🕵️ Operation suggestion:WTI Crude Oil 78.879 Sell Target Price 77.370
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-1.20% 19527.1 19574.8 Dow Jones ▼-1.01% 40306.8 40343 S&P 500 ▼-0.86% 5508.16 5518.87 ▼0.00% 17559.3 17559.3 US Dollar Index ▲0.22% 104.11 104.04 📝 Review:The Dow Jones Industrial Average closed down 0.93%, the S&P 500 fell 0.71%, and the Nasdaq fell 0.81%. CrowdStrike (CRWD.O) fell more than 11%, Tesla (TSLA.O) fell more than 4%, and Microsoft (MSFT.O) fell 0.74%. The Nasdaq Golden Dragon China Index closed down about 0.9%. Popular Chinese stocks Bilibili closed down 3.5%, Zeekr fell 3.3%, Ideal fell 2.3%, Douyu fell 2%, Weilai fell 1.4%, NetEase fell 1.2%, Pinduoduo rose 0.7%, Xpeng rose 1.2%, Land Control rose 2%, and New Oriental rose 3.1%.🕵️ Operation suggestion:Nasdaq 100 19606.170 Sell Target Price 19456.928
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.96% 67690.8 68172.6 Ethereum ▼-0.44% 3495.6 3517.5 Dogecoin ▲5.06% 0.1407 0.13983 📝 Review:Judging from the overall trend, the market's bullish sentiment on Bitcoin is slightly dominant. Despite this, the price of the asset has not yet broken through the key resistance level of 64,000 points. On the daily chart, we observed a weak top pattern, which may indicate a short-term adjustment in prices. As for whether the price will fall further in the future, it will depend on the market's final choice in the top area. At present, the market has not yet clarified the direction of its long-term trend.🕵️ Operation suggestion:BitCoin 68053.3 Buy Target Price 69828.8
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