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Hot spot tracking

  • The US CPI cooled down across the board in June, with the core CPI annual rate recording 3.3%, lower than the market expectation of 3.4%, falling back to the lowest level since April 2021; the core CPI monthly rate unexpectedly fell to 0.1%. The overall CPI rose 3% year-on-year, lower than the expected 3.1% and the previous value of 3.3%; the month-on-month growth rate was -0.1%, the first negative in four years. After the CPI data was released, interest rate futures fully priced in a September rate cut, betting on a total rate cut of 61 basis points this year, up 11 basis points from before the data was released. The numerical value supports the US rate cut, which is bearish for the US dollar and US stocks.
  • The number of initial jobless claims in the United States for the week ending July 6 was 222,000, lower than the expected 236,000, and the previous value was revised up from 238,000 to 239,000. The decline in the number of unemployment claims is good for the U.S. economy and the dollar.
  • The yen suddenly surged after the release of the CPI data, with the increase expanding to nearly 3% at one point, reaching above 157.40. Japanese media reported that the Japanese authorities intervened in the market, and relevant officials refused to comment and said that the results would be known after the end of the month. The rise in CPI data accelerated the possibility of a yen interest rate hike, which was bullish for the yen.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD ▲0.35% 1.08674 1.08667
    GBP/USD ▲0.51% 1.29133 1.29121
    AUD/USD ▲0.18% 0.67618 0.67613
    USD/JPY ▼-1.65% 158.908 158.937
    GBP/CAD ▲0.61% 1.76022 1.75993
    NZD/CAD ▲0.33% 0.83068 0.83089
    📝 Review:On Thursday, the dollar index plunged during the session as the overall decline in US CPI increased hopes that the Federal Reserve would soon start cutting interest rates. It once approached the 104 mark and finally closed down 0.523% at 104.46. US Treasury yields fell collectively, with the benchmark 10-year US Treasury yield closing at 4.217% and the two-year US Treasury yield closing at 4.523%.
    🕵️ Operation suggestion:

    USD/JPY 158.657  Sell  Target Price  157.434

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold ▲1.85% 2415.32 2415.44
    Silver ▲2.06% 31.435 31.426
    📝 Review:Spot gold jumped after the release of CPI data, rising by more than $40 a day. It reached a high of 2424.5 and finally closed up 1.85% at $2415.35 per ounce, a new high since May 22. Spot silver once rose by more than 3%, but the gains narrowed in late trading, and finally closed up 2.08% at $31.46 per ounce.
    🕵️ Operation suggestion:

    Gold 2412.07  Buy  Target Price  2434.49

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil ▲0.31% 81.821 81.718
    Brent Crude Oil ▲0.21% 85.079 84.979
    📝 Review:Boosted by the weakening of the US dollar, international oil prices rebounded for the second consecutive day. WTI crude oil bottomed out in the US market and once stood above the 83 mark, and finally closed up 0.59% at US$82.89 per barrel; Brent crude oil finally closed up 0.19% at US$85.53 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 81.953  Buy  Target Price  83.083

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 ▼-2.19% 20229.3 20221.35
    Dow Jones ▲0.15% 39785.2 39802.6
    S&P 500 ▼-0.82% 5586.67 5586.1
    ▼0.00% 17559.3 17559.3
    US Dollar Index ▼-0.49% 104.03 103.92
    📝 Review:The three major U.S. stock indexes rose and fell differently, with the Dow Jones Industrial Average closing up 0.08%, the S&P 500 down 0.88%, and the Nasdaq down 1.95%. The seven major U.S. stock companies suffered the biggest selling pressure in nearly a year, with Nvidia (NVDA.O) falling more than 5%, its market value plummeting by $185 billion, Tesla (TSLA.O) falling more than 8%, and the remaining five giants all falling at least 2.3%. The Russell 2000 index rose 3.57%, setting its best single-day performance in seven months. The Nasdaq China Golden Dragon Index closed up 2.2%, and Alibaba (BABA.N) rose 3.3%.
    🕵️ Operation suggestion:

    Nasdaq 100 20235.730  Sell  Target Price  19991.111

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin ▲0.20% 57510.9 57417.4
    Ethereum ▲0.66% 3113.3 3107.3
    Dogecoin ▲0.04% 0.10693 0.10651
    📝 Review:The short-term market of BTC has been dominated by bulls. Yesterday afternoon, BTC broke through 59,400 points directly, which is a very good phenomenon. Although it was blocked at present and did not successfully break through 60,000, it broke through 59,000 today, and the market is below the 233 moving average of the daily line. Obviously, the support area here is invalid. Otherwise, there would be no downward breakthrough today. We still maintain the previous view, first look at 56,000 points, and then look at 54,000 points.
    🕵️ Operation suggestion:

    BitCoin 57278.8  Sell  Target Price  54238.4

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