Hot spot tracking
- Initial jobless claims in the US were slightly lower than expected at 231,000 last week, while second-quarter real GDP came in at an annualised rate of 3 per cent, better than market expectations. Unemployment benefits are higher than expected, providing short-term benefits to the U. S. economy and the dollar.
- The government raised its economic outlook for the first time in 15 months. The 2023 also raised spending forecasts for the first time since May and housing construction forecasts for the first time since June 2022. Good for the Japanese economy, good for the yen.
- Iraq plans to start cutting oil production in September to make up for the 1.4 m b/D OPEC + overquota for the january-july period. Cutting production will keep oil prices under control, Lido crude.
Product Hot Comment
- Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.38% 1.10775 1.10781 GBP/USD ▼-0.18% 1.31678 1.31682 AUD/USD ▲0.21% 0.6801 0.68006 USD/JPY ▲0.38% 144.994 145.02 GBP/CAD ▼-0.13% 1.77525 1.77511 NZD/CAD ▲0.27% 0.84351 0.8445 📝 Review:The dollar index extended yesterday's gains to close up 0.34 per cent at 101.38 on Thursday as second-quarter GDP grew at a better-than-expected annual rate and jobless claims fell. The benchmark 10-year yield closed at 3.8650 per cent; the more monetary-sensitive two-year ended at 3.9020 per cent.🕵️ Operation suggestion:USD/JPY 144.820 Sell Target Price 143.537
- Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▲0.66% 2521.13 2521.38 Silver ▲0.99% 29.402 29.39 📝 Review:Spot gold plunged to 2,504 after strong US economic data, but ended up 0.68 per cent after a “Deep v” rally as Powell hinted at the possibility that the Fed would cut interest rates in September, at $2,521.00 an ounce. Spot Silver ended up 1.15 per cent at $29.44.🕵️ Operation suggestion:Gold 2518.97 Sell Target Price 2480.34
- Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲2.08% 75.442 75.459 Brent Crude Oil ▲1.95% 78.853 78.853 📝 Review:International oil prices surged as sources said Iraq would cut production and exports in September. WTI crude ended up 2.18 per cent at $75.95 a barrel and Brent Crude 1.76 per cent higher at $78.75.🕵️ Operation suggestion:WTI Crude Oil 75.187 Sell Target Price 74.089
- Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲1.06% 19372.81 19378.2 Dow Jones ▲0.63% 41401.4 41365 S&P 500 ▲0.68% 5601.25 5600.35 ▼0.00% 17559.3 17559.3 US Dollar Index ▲0.37% 101.19 101.15 📝 Review:The Dow Jones Industrial Average Rose 0.6% to a new closing high. The S & P 500 edged down, with the Nasdaq down 0.2 per cent. Nvidia fell 6.3 per cent and Apple gained 1.4 per cent. The NASDAQ China Gold Dragon Index closed up 2.6 per cent, LI.O gained 10 per cent, Alibaba's BABA.N gained 1.7 per cent and GOTU.N gained 17 per cent.🕵️ Operation suggestion:Nasdaq 100 19376.110 Sell Target Price 19060.240
- Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.61% 59475.3 59497.8 Ethereum ▲0.25% 2535.7 2528.4 Dogecoin ▲0.12% 0.09916 0.09918 📝 Review:Bitcoin (BTC) was last priced at $86.40, up 1.00 per cent on the day, with $545M of transactions. According to the analysis of the K-line chart, the market is in a state of turbulence. From 19:00 onwards, prices experienced a sharp decline, falling below the 20:00 low and falling from 13:00 onwards. Although prices have fallen, trading volumes have risen, often indicating that selling pressure is building in the market and sellers are selling aggressively. This could be due to pessimistic expectations about future prices or Selling climax triggered by some negative news. In such a market environment, the price of bitcoin is likely to continue to fall as sellers are under pressure and sentiment is subdued. Investors should keep a close eye on whether prices fall below key support levels, which, if breached, could lead to further price falls. While the William Index shows no overbought or oversold conditions in the current market, the increase in trading volumes and the fall in prices suggest that selling pressure is building. The recent increase in trading volume may be a sign that sellers are moving aggressively. The rise in prices could be a short-lived rebound and investors are advised to stay on the sidelines, keeping a close eye on key support levels and changes in market sentiment. When making investment decisions, the overall market trend and potential risk factors should be taken into account.🕵️ Operation suggestion:BitCoin 59347.6 Sell Target Price 57809.5
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