Hot spot tracking

  • Federal Reserve Board member Bowman believes that there will be no interest rate cuts in 2024 and the time for interest rate cuts will be postponed to 2025. If the progress of inflation decline stagnates, interest rate hikes are still possible. Another Federal Reserve Board member Cook believes that 200,000 jobs may be needed to maintain a stable monthly unemployment rate. 3-month and 6-month inflation will continue to decline and will cool down faster next year. It is appropriate to cut interest rates at some point. With employment data stabilizing the market, the US dollar will usher in a period of stability.
  • SEC Chairman Gensler said that the approval process for the spot Ethereum ETF is going smoothly, but declined to comment on the timetable. The launch of the Ethereum ETF will greatly stimulate the digital currency market. As a representative of digital currency, Ethereum may usher in a wave of surges.
  • Canada's May CPI data exceeded expectations across the board, and the market cut its bets on the country's central bank to cut interest rates. Swap market data showed that the probability of the Bank of Canada cutting interest rates in July fell from 65% to 54%. The reduced possibility of Canada's interest rate cut will be conducive to the stability and slight rise of the Canadian dollar.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD -0.18% 1.07136 1.07129
    GBP/USD -0.00% 1.26856 1.26846
    AUD/USD -0.13% 0.66497 0.66495
    USD/JPY 0.05% 159.68 159.654
    GBP/CAD 0.01% 1.73246 1.73204
    NZD/CAD -0.04% 0.83573 0.83544
    📝 Review:On Tuesday, hawkish comments from Fed officials and U.S. data showing a stable housing market indicated that the Fed would not rush to start a rate cut cycle. The U.S. dollar index rose slightly and once rose to an intraday high of 105.75, then gave up some of its gains and finally closed up 0.13% at 105.55. The 10-year U.S. Treasury yield closed at 4.252%. The two-year U.S. Treasury yield closed at 4.753%. It is worth noting that the inversion between the two deepened to 50 basis points.
    🕵️ Operation suggestion:

    USD/JPY 159.692  Buy  Target Price  160.047

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold -0.65% 2319.48 2318.92
    Silver -2.26% 28.892 28.894
    📝 Review:Due to the rise in the US dollar and US bond yields, spot gold came under pressure and fell below the $2,320 mark, eventually closing down 0.64% at $2,319.46 per ounce. Spot silver fell sharply during the US trading session, eventually closing down 2.24% at $28.89 per ounce.
    🕵️ Operation suggestion:

    Gold 2319.21  Sell  Target Price  2301.29

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil -1.24% 80.52 80.522
    Brent Crude Oil -1.35% 84.096 84.091
    📝 Review:Weak U.S. consumer confidence data heightened market concerns about the U.S. economic outlook. Also, due to the sluggish summer driving season in the U.S., both WTI and Brent crude oil fell more than 1% during the day. WTI crude oil closed down 1.26% at $80.52 per barrel; Brent crude oil closed down 1.36% at $84.10 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 80.421  Buy  Target Price  81.692

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 1.01% 19699.94 19725.18
    Dow Jones -0.95% 39106.2 39104.8
    S&P 500 0.30% 5469.86 5473.54
    0.00% 17559.3 17559.3
    US Dollar Index 0.08% 105.19 105.26
    📝 Review:The Dow Jones Industrial Average closed down 0.76%, the S&P 500 rose 0.39%, and the Nasdaq rose 1.26%. Tesla (TSLA.O) rose 2.6%, and Nvidia (NVDA.O) ended its three-day losing streak and closed up 6.88%, returning to the $3 trillion club. The Nasdaq China Golden Dragon Index closed down 1.28%, (JD.O) fell 2.8%, and Alibaba (BABA.N) fell 1.3%.
    🕵️ Operation suggestion:

    Nasdaq 100 19711.430  Sell  Target Price  19486.270

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin 3.02% 61879.5 61882.8
    Ethereum 1.74% 3408 3398.8
    Dogecoin 7.47% 0.1267 0.12596
    📝 Review:From the overall trend, the bears of BTC market are clearly dominant. As of now, BTC is below 61,000. However, the waterfall decline has caused most indicators to fail, and it may need to be repaired by a shock market. Of course, a direct V-turn is not ruled out. But obviously, the possibility of continuing the waterfall decline has become smaller. For short-term trading, this band is easier to catch.
    🕵️ Operation suggestion:

    BitCoin 61800.6  Sell  Target Price  60126.0

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