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Market News

Hot spot tracking

  • Sources: The Bank of Japan will consider whether to raise interest rates next week and announce plans to reduce its bond purchases by about half in the next few years. Bullish for the yen.
  • The Bank of Canada cut interest rates by 25bp, in line with market expectations and hinting at further policy easing. Bearish for the Canadian dollar.
  • Russian crude oil production in June exceeded quotas set by the OPEC+ group but the energy ministry pledged on Wednesday to stick to the required output level in July.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD ▼-0.14% 1.08388 1.08404
    GBP/USD ▼-0.01% 1.29061 1.29088
    AUD/USD ▼-0.54% 0.65833 0.6583
    USD/JPY ▼-1.08% 153.897 153.772
    GBP/CAD ▲0.18% 1.78185 1.78175
    NZD/CAD ▼-0.27% 0.81853 0.81851
    📝 Review:On Wednesday, the U.S. dollar index fluctuated and fell, hitting a low of 104.12. However, the decline was narrowed as the S&P Global Services PMI hit a new high since April 2022, and finally closed down 0.13% at 104.34. The benchmark 10-year U.S. Treasury yield closed at 4.2930%, and the two-year U.S. Treasury yield closed at 4.4430%.
    🕵️ Operation suggestion:

    USD/JPY 153.737  Sell  Target Price  153.090

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold ▼-0.48% 2397.27 2396.67
    Silver ▼-1.15% 28.879 28.858
    📝 Review:Due to the weakening of the US dollar and the market fully pricing the Fed's September rate cut, spot gold once returned to above the 2430 mark. However, due to profit-taking by traders, all gains were given up, and it finally closed down 0.46% at $2397.40 per ounce. Spot silver finally closed down 1.04% at $28.91 per ounce.
    🕵️ Operation suggestion:

    Gold 2398.69  Buy  Target Price  2422.71

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil ▼-0.01% 77.226 77.21
    Brent Crude Oil ▼-0.01% 80.675 80.673
    📝 Review:As wildfires in Canada may hinder crude oil supply, WTI crude oil received support and eventually closed up 0.06% at $77.47 per barrel; Brent crude oil eventually closed down 0.09% at $81.46 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 77.103  Sell  Target Price  76.235

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 ▼-2.76% 19091.66 19113.41
    Dow Jones ▼-0.89% 39947.3 39969.2
    S&P 500 ▼-1.71% 5440.05 5444.56
    ▼0.00% 17559.3 17559.3
    US Dollar Index ▼-0.16% 104.04 104.15
    📝 Review:The Dow Jones Industrial Average closed down 1.2%, the S&P 500 fell 2.3%, and the Nasdaq fell 3.6%, hitting a new low since mid-June. Tesla (TSLA.O) fell more than 12%, Nvidia (NVDA.O) fell 6.8%, and Apple (AAPL.O) fell 2.8%. The Nasdaq China Golden Dragon Index fell 1.9%, and Li Auto (LI.O) and Xpeng Motors (XPEV.N) both fell more than 4%.
    🕵️ Operation suggestion:

    Nasdaq 100 19122.280  Sell  Target Price  18911.297

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin ▲0.26% 66010.5 65606.6
    Ethereum ▼-2.61% 3373.2 3333.5
    Dogecoin ▲0.55% 0.13049 0.12904
    📝 Review:From the overall market dynamics, Bitcoin's market shows a certain bearish tendency. Currently, the price of Bitcoin is below 66,300 points, and a weak top pattern has appeared on the daily chart, which usually indicates that the price may fall further. Although the market performance is stable in the short term, investors should be wary of potential changes in the long-term trend.
    🕵️ Operation suggestion:

    BitCoin 65473.3  Sell  Target Price  65072.0

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