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Market News Gold rose nearly $20 intraday, but the US dollar failed to break through the 102 level. Crude oil closed in the green for the fifth consecutive week!
Markets News
Gold rose nearly $20 intraday, but the US dollar failed to break through the 102 level. Crude oil closed in the green for the fifth consecutive week!
TOPONE Markets Analyst2023-07-31 09:46:29
Hot spot tracking
- The Fed "most favored" inflation data continues to cool down!
- Fed Kashkari: If the need for further rate hikes arises, the Fed will remain steadfast until the end.
- On the 30th, the Russian Ministry of Defense issued a notification stating that three Ukrainian drones attacked Moscow.
- Russian President Putin: Russia will return to the Black Sea agreement only after the fulfillment of Russia's demands.
- European Central Bank President: In September, it is possible that there may be an interest rate hike or a pause in rate hikes, and the decision will be based on a gradual assessment during the meetings.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.41% 1.10225 1.102 GBP/USD ▲0.45% 1.28562 1.28586 AUD/USD ▼-0.82% 0.66553 0.66533 USD/JPY ▲1.18% 141.084 141.062 GBP/CAD ▲0.56% 1.70143 1.70237 NZD/CAD ▼-0.27% 0.81503 0.81533 📝 Review:Last Friday, the Japanese yen experienced its most volatile trading day in several months, following the adjustment of its yield curve control policy by the Bank of Japan. This move led investors to speculate whether the central bank's large-scale stimulus program is approaching an eventual reversal.🕵️ Operation suggestion:USD/JPY 140.747 Sell Target Price 139.988
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲0.65% 1958.94 1958.64 Silver ▲0.71% 24.3 24.32 📝 Review:After a sharp decline the previous day, gold rebounded on Friday as signs of cooling U.S. inflation fueled market speculation about the possibility of the Federal Reserve ending its monetary tightening cycle. This led to a slight retreat in the value of the U.S. dollar.🕵️ Operation suggestion:Gold 1957.62 Buy Target Price 1968.01
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲0.87% 80.304 80.435 Brent Crude Oil ▲1.29% 84.273 84.155 📝 Review:Last Friday, oil prices climbed, marking the fifth consecutive weekly increase. Investors are optimistic, believing that robust demand and supply reductions will keep oil prices upward.🕵️ Operation suggestion:WTI Crude Oil 80.203 Sell Target Price 79.654
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲1.66% 15743.65 15746.65 Dow Jones ▲0.42% 35454.7 35476.9 S&P 500 ▲0.88% 4581 4584.75 US Dollar Index ▼-0.09% 101.21 101.2 📝 Review:The three major U.S. stock indices opened higher and continued to rise. The Dow Jones Industrial Average (DJIA) increased by 0.5%, the Nasdaq Composite rose by 1.9%, and the S&P 500 index gained 0.99%. Furthermore, the U.S. banking sector experienced significant turbulence, with the U.S. Bank Fear & Greed Index rising from 3.8 to 4.0, reaching its highest level since the onset of instability in the U.S. banking industry.🕵️ Operation suggestion:Nasdaq 100 15769.650 Buy Target Price 15903.900
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-0.25% 29259.6 29183.8 Ethereum ▼-0.78% 1858.5 1854.6 Dogecoin ▼-2.69% 0.07775 0.07736 📝 Review:The Fed raised interest rates by 25 basis points, bringing them to their highest level in 22 years. Despite the anticipated rate hike, Bitcoin did not experience significant fluctuations and remained trading between $29,000 and $30,000. The cryptocurrency market is currently in a subdued activity, often called a "summer slumber."🕵️ Operation suggestion:BitCoin 29233.2 Buy Target Price 29443.9
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