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Market News "US Services Sector Cools, 'Small Nonfarm' Surprises; Gold Hits New Highs!"
Markets News
"US Services Sector Cools, 'Small Nonfarm' Surprises; Gold Hits New Highs!"
TOPONE Markets Analyst2025-02-06 10:46:56
Hot spot tracking
- The U.S. ISM non-manufacturing PMI in January was 52.8, significantly lower than the expected 54.3 and the previous value of 54.1. The U.S. ADP employment data for January was 183,000, the highest since October last year. The market expectation was 150,000. This news is bearish for the US dollar.
- Gold in the Bank of England's vaults is sold at a discount due to relatively slow deliveries. This news is bullish for the pound.
- Honda and Nissan terminated merger talks and abandoned integration plans. The news was bearish for Honda stock.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.24% 1.04023 1.04035 GBP/USD ▲0.21% 1.25047 1.25035 AUD/USD ▲0.51% 0.62872 0.62847 USD/JPY ▼-1.15% 152.611 152.563 GBP/CAD ▲0.16% 1.78985 1.78941 NZD/CAD ▲0.56% 0.81386 0.81376 📝 Review:U.S. data was mixed on Wednesday. Fed officials spoke cautiously and the U.S. dollar index continued to fall, closing down 0.36% at 107.62. The yield on the U.S. two-year Treasury note fell to its lowest level since December 12 last year, closing at 4.19%. The benchmark 10-year Treasury yield fell to its lowest since mid-December to close at 4.42%. The yield spread between U.S. 2-year and 10-year Treasury bonds was the narrowest since December 23.🕵️ Operation suggestion:USD/JPY 152.541 Sell Target Price 152.096
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲0.85% 2867.06 2866.33 Silver ▲0.60% 32.292 32.36 📝 Review:International gold prices continued to hit new highs, driven by falling U.S. dollar and U.S. bond yields and safe-haven demand brought about by trade concerns. Spot gold broke through $2,880/oz during the session and closed up 0.88% at $2,867.12/oz; spot silver closed up 0.64% at $32.30/oz.🕵️ Operation suggestion:Gold 2868.95 Buy Target Price 2882.14
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-2.09% 70.927 70.911 Brent Crude Oil ▼-1.89% 74.463 74.465 📝 Review:International oil prices fell significantly as the market worried that international trade tensions might suppress oil demand and U.S. EIA crude oil inventories increased by more than 8.6 million barrels last week. WTI crude oil closed down 2.11% at $70.91 per barrel; Brent crude oil closed down 1.93% at $75.23 per barrel.🕵️ Operation suggestion:WTI Crude Oil 71.019 Buy Target Price 72.006
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.93% 21649.51 21630.99 Dow Jones ▲0.80% 44837.9 44863.6 S&P 500 ▲0.70% 6062.75 6063.85 US Dollar Index ▼-0.30% 107.41 107.43 📝 Review:The three major U.S. stock indices closed higher, with the Dow Jones Industrial Average up 0.7%, the S&P 500 up 0.41% and the Nasdaq up 0.19%. Arm (ARM.O) rose nearly 7%, Nvidia (NVDA.O) rose 5%, Google (GOOG.O) fell more than 7%, AMD (AMD.O) fell more than 6%, and Pinduoduo (PDD.O) fell 3.4%. The Nasdaq China Golden Dragon Index closed down 2.2%, with Alibaba (BABA.N) falling 3%.🕵️ Operation suggestion:Nasdaq 100 21651.740 Buy Target Price 21816.938
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-0.82% 96898.6 96435.6 Ethereum ▲3.82% 2785.3 2758.3 Dogecoin ▼-1.88% 0.25675 0.2539 📝 Review:Judging from the overall trend, the bears clearly have the upper hand in the current Bitcoin market. As of publication, the price of Bitcoin is still below 98,000 points. Although the cryptocurrency market has experienced a waterfall-like decline, Bitcoin has not fallen below 90,000 points or the low point of the central range, which shows that the bull market foundation of Bitcoin is still solid. If it can break through 105,000 points, it is not impossible to further hit 110,000 points.🕵️ Operation suggestion:BitCoin 96741.8 Sell Target Price 96640.7
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