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Hot spot tracking

  • The monthly rates of PPI and core PPI in the United States were 0.2% and 0.3%, respectively, both higher than expected but the previous values ​​were revised down; the number of initial jobless claims in the United States rose modestly to 230,000 last week. Interest rate futures show that the probability of the Fed cutting interest rates by 50BP in September is 39%, which is bearish for the US dollar.
  • The ECB cut interest rates for the second time this year, lowering the deposit facility rate by 25 basis points to 3.50%, the lowest since June 2023. GDP growth expectations for the next three years have been lowered across the board, and inflation expectations remain unchanged. After the ECB's interest rate decision, EUR/USD rose slightly, and major European stock indices fell. Traders cut their expectations for the ECB's interest rate cuts, and expect another 36 basis points of interest rate cuts before the end of the year. Short-term negative for the euro and European stocks.
  • Affected by the hurricane, about 42% (730,000 barrels per day) of crude oil production facilities and 53% of natural gas production facilities in the Gulf of Mexico have been shut down. Bullish for crude oil and natural gas.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD ▲0.56% 1.10742 1.10737
    GBP/USD ▲0.62% 1.31252 1.31248
    AUD/USD ▲0.72% 0.67255 0.67248
    USD/JPY ▼-0.33% 141.811 141.829
    GBP/CAD ▲0.69% 1.78224 1.78241
    NZD/CAD ▲0.80% 0.83944 0.83937
    📝 Review:On Thursday, the US dollar index began to fall in the European session and accelerated its decline in the US session. However, it still stood above the 101 mark and finally closed down 0.49% at 101.24. The US Treasury yield rebounded slightly, with the benchmark 10-year US Treasury yield closing at 3.678%; the two-year US Treasury yield finally closed at 3.650%.
    🕵️ Operation suggestion:

    USD/JPY 141.347  Sell  Target Price  140.745

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold ▲1.85% 2558.65 2558.34
    Silver ▲4.14% 29.855 29.863
    📝 Review:Although the latest PPI data was mixed, the initial jobless claims data showed that the job market has cooled. Spot gold rose sharply before the US market, rising nearly $50 during the day and reaching $2,560, setting a new record high. It finally closed up 1.88% at $2,558.55 per ounce. Spot silver closed up 4.17% at $29.85 per ounce.
    🕵️ Operation suggestion:

    Gold 2559.77  Buy  Target Price  2574.68

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil ▲2.46% 68.437 68.425
    Brent Crude Oil ▲1.92% 71.825 71.807
    📝 Review:As the hurricane disrupted US oil production, international oil prices continued to rebound. WTI crude oil continued to rise during the day, and once rose to an intraday high of $69.02, and finally closed up 2.48% at $68.42 per barrel; Brent crude oil remained above the $70 mark, and finally closed up 1.93% at $71.81 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 68.579  Buy  Target Price  69.570

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 ▲0.93% 19396.805 19413.995
    Dow Jones ▲0.60% 41095.2 41123.6
    S&P 500 ▲0.72% 5589.855 5596.055
    ▼0.00% 17559.3 17559.3
    US Dollar Index ▼-0.50% 101.08 100.99
    📝 Review:The Dow Jones Industrial Average closed up 0.58%, the S&P 500 rose 0.75%, and the Nasdaq rose 1%. Nvidia (NVDA.O) rose nearly 2%, Micron Technology (MU.O) fell nearly 4%, and Wells Fargo (WFC.N) fell 4%. The Nasdaq China Golden Dragon Index closed down 0.8%, Alibaba (BABA.N) rose 0.8%, Douyu (DOYU.O) fell 13%, Xpeng Motors (XPEV.N) and NIO (NIO.N) fell more than 5%.
    🕵️ Operation suggestion:

    Nasdaq 100 19448.244  Buy  Target Price  19612.465

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin ▲1.43% 58171.5 57913.9
    Ethereum ▲0.34% 2349.3 2347.5
    Dogecoin ▲0.67% 0.10184 0.10183
    📝 Review:Currently, the $57,800 level has become a key support point for Bitcoin, which we can regard as the market’s “ice line”. If BTC can break through this level and stabilize above it, then we can expect the price to move towards the target of $63,000.
    🕵️ Operation suggestion:

    BitCoin 58054.0  Buy  Target Price  59929.0

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