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Market News The U.S. core PCE monthly rate was weak in April, and the gold monthly line successfully recorded four consecutive increases!
Markets News
The U.S. core PCE monthly rate was weak in April, and the gold monthly line successfully recorded four consecutive increases!
TOPONE Markets Analyst2024-06-03 09:59:58
Hot spot tracking
- The U.S. core PCE price index in April hit a new low since December 2023
- OPEC+ extends "collective production cuts" until 2025
- In the past month, 9.8 trillion yen was spent on intervening in the Japanese foreign exchange market
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.16% 1.08505 1.0849 GBP/USD ▲0.08% 1.27434 1.27387 AUD/USD ▲0.31% 0.66553 0.66546 USD/JPY ▲0.30% 157.264 157.223 GBP/CAD ▼-0.30% 1.73627 1.73564 NZD/CAD ▲0.14% 0.83732 0.83698 📝 Review:In the last week of May, the global foreign exchange market experienced a series of fluctuations, mainly affected by US inflation data, downward revisions to GDP growth, and the cautious attitude of Federal Reserve officials towards interest rate cuts. The US dollar index fell nearly 0.4% at the end of the month, although the rise in US Treasury yields once pushed up the US dollar. At the same time, Japan's record-breaking foreign exchange market intervention failed to effectively curb the depreciation of the yen. The European Central Bank is under pressure to cut interest rates in June.🕵️ Operation suggestion:USD/JPY 157.214 Buy Target Price 157.930
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-0.70% 2327.66 2328.25 Silver ▼-2.55% 30.355 30.396 📝 Review:Despite the decline in gold and silver prices this week, the market outlook for both precious metals could improve in the week ahead as the long-awaited rate cut arrives and the risk of a job loss in the United States looms.🕵️ Operation suggestion:Gold 2325.93 Buy Target Price 2291.52
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-0.90% 76.997 76.795 Brent Crude Oil ▼-0.79% 81.229 80.769 📝 Review:In the past week, the crude oil market has experienced a series of fluctuations. Investors are keeping a close eye on OPEC+'s production cut decision and the ups and downs of US economic data. The market generally expects OPEC+ to continue its production cut policy, which dominated the uneasy mood before the weekend.🕵️ Operation suggestion:WTI Crude Oil 76.652 Sell Target Price 76.058
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.17% 18543.78 18542.11 Dow Jones ▲1.61% 38706.2 38743.1 S&P 500 ▲0.96% 5282.59 5290.27 ▼0.00% 17559.3 17559.3 US Dollar Index ▼-0.15% 104.21 104.2 📝 Review:The Dow Jones Industrial Average closed up 583 points, the S&P 500 rose 0.8%, and the Nasdaq closed close to flat. Some obvious technology stocks performed weakly, Amazon (AMZN.O), Alibaba (BABA.N), TSMC (TSM.N), Micron Technology (MU.O) all fell more than 1%, and Nvidia (NVDA.O) fell 0.78%. Dell (DELL.N) fell 17% as the company's earnings forecast was lower than market expectations.🕵️ Operation suggestion:Nasdaq 100 18598.110 Sell Target Price 18463.492
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.11% 67850.5 67853 Ethereum ▼-0.90% 3783 3780.6 Dogecoin ▼-2.68% 0.15603 0.15639 📝 Review:BTC daily chart shows a bearish signal. The general trend of the price is still falling, but there may be large fluctuations. At the same time, in the 30-minute chart, the price briefly fell below the recent low, and 5 consolidation divergences have been formed in 30 minutes. Investors can do more appropriately.🕵️ Operation suggestion:BitCoin 67701.6 Buy Target Price 69035.1
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