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Hot spot tracking

  • The annual rate of the US unadjusted CPI in August was 2.5%, which was the fifth consecutive month of decline. It hit the lowest level since February 2021 and was lower than the market expectation of 2.6%. The annual rate of the unadjusted core CPI was 3.2%, which was the same as the expectation and the previous value, and had fallen for four consecutive months. A CPI value that is too low may trigger deflation risks. To solve the deflation problem, interest rate cuts are essential, which is bullish for the US dollar in the short term and bearish for the US dollar in the long term.
  • Francine was upgraded to a Category 2 hurricane and made landfall in Louisiana, USA. Due to the hurricane, 39% of oil production activities in the Gulf of Mexico have been stopped. US natural gas futures prices rose to a new high since July. Bullish for natural gas.
  • U.S. EIA crude oil inventories increased by 833,000 barrels in the week ending September 6, lower than the market expectation of 987,000 barrels, but higher than the previous value of a decrease of 6.873 million barrels. U.S. Strategic Petroleum Reserve (SPR) inventories increased by 279,000 barrels to 380 million barrels, the highest since the week ended December 9, 2022. Increased crude oil inventories are bearish for crude oil.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD ▼-0.08% 1.10107 1.10123
    GBP/USD ▼-0.28% 1.30427 1.30441
    AUD/USD ▲0.30% 0.66765 0.66776
    USD/JPY ▼-0.04% 142.356 142.284
    GBP/CAD ▼-0.50% 1.7705 1.7701
    NZD/CAD ▼-0.45% 0.83282 0.8328
    📝 Review:On Wednesday, the US dollar index fell first and then rose. After the CPI data showed that the Federal Reserve may only cut interest rates by 25 basis points in September, the US dollar index rose in the short term and recovered all the losses during the day. It once rose to an intraday high of 101.82, and then fell into volatility, and finally closed up 0.07% at 101.74. The US Treasury yield rebounded slightly, with the benchmark 10-year US Treasury yield closing at 3.658%; the two-year US Treasury yield finally closed at 3.648%.
    🕵️ Operation suggestion:

    USD/JPY 142.871  Sell  Target Price  140.675

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold ▼-0.19% 2511.47 2512.12
    Silver ▲1.02% 28.656 28.667
    📝 Review:Spot gold fell sharply before the US market, and once fell to around the $2,500 mark, as US inflation data prompted investors to reduce their expectations that the Federal Reserve would significantly cut interest rates next week. It fell nearly $30 from its intraday high and finally closed down 0.21% at $2,511.37 per ounce. Spot silver closed up 0.98% at $28.66 per ounce.
    🕵️ Operation suggestion:

    Gold 2511.26  Buy  Target Price  2528.97

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil ▲1.50% 66.757 66.796
    Brent Crude Oil ▲1.35% 70.444 70.472
    📝 Review:International oil prices rebounded. WTI crude oil showed a "V-shaped" trend, falling sharply before the US market, and once fell to around $65. Then it quickly recovered all the lost ground and turned to rise, and finally closed up 1.53% at $66.76 per barrel; Brent crude oil recovered the $70 mark and finally closed up 1.4% at $70.45 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 66.767  Sell  Target Price  64.864

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 ▲2.19% 19218.215 19218.555
    Dow Jones ▲0.27% 40839.6 40850.4
    S&P 500 ▲1.11% 5550.855 5550.055
    ▼0.00% 17559.3 17559.3
    US Dollar Index ▲0.09% 101.52 101.59
    📝 Review:The Dow Jones Industrial Average closed up 0.31%, the S&P 500 rose 1.07%, and the Nasdaq rose 2.17%. All three major stock indexes fell more than 1% during the session, and then reversed and closed higher. Micron Technology (MU.O) rose more than 4%, Nvidia (NVDA.O) rose 8%, and Apple (AAPL.O) rose 1%. The Nasdaq China Golden Dragon Index rose 1%, Xpeng Motors (XPEV.N) rose more than 4%, and Alibaba (BABA.N) rose 1%.
    🕵️ Operation suggestion:

    Nasdaq 100 19257.305  Buy  Target Price  19640.191

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin ▼-0.03% 57478.4 57349.1
    Ethereum ▼-1.16% 2345.7 2341.3
    Dogecoin ▼-0.86% 0.10159 0.10116
    📝 Review:This month, the price of Bitcoin once dropped to around $52,000, which is very close to the $49,000 it hit during the rapid decline a month ago, which is the lowest point of the recent high consolidation range. Currently, the Bitcoin market has been hovering below the 200-day moving average for a month, showing market uncertainty. In addition, the fear index once dropped to 26, which is close to the bottom of the bear market, reflecting the nervousness of market participants. Overall, the Bitcoin market has experienced greater fluctuations this week, and investor sentiment has also fluctuated accordingly.
    🕵️ Operation suggestion:

    BitCoin 57616.9  Buy  Target Price  59696.5

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