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Market News

Hot spot tracking

  • The number of job vacancies in the United States in July was 7.673 million, lower than the expected 8.1 million and the lowest level since January 2021. The probability of the Federal Reserve cutting interest rates by 50 basis points in September has risen to 44%, and the 2-year/10-year U.S. Treasury yield curve has turned positive for the second time this year. The decrease in job vacancies means that U.S. companies are hiring less, which is bearish for the U.S. economy and the dollar.
  • The Bank of Canada cut interest rates by 25 basis points for the third time in a row, lowering the interest rate to 4.25%, in line with market expectations. Bearish for the Canadian dollar.
  • OPEC+ is close to reaching an agreement to postpone the increase in oil production in October. The delay in raising crude oil production is bullish for crude oil.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD ▲0.34% 1.10825 1.1083
    GBP/USD ▲0.27% 1.31477 1.31471
    AUD/USD ▲0.20% 0.67276 0.67267
    USD/JPY ▼-1.18% 143.729 143.649
    GBP/CAD ▼-0.02% 1.77532 1.77507
    NZD/CAD ▼-0.13% 0.83687 0.8371
    📝 Review:On Wednesday, the US dollar index plunged nearly 50 points as the US JOLTs job vacancies data for July was lower than expected. It finally closed down 0.50% at 101.26. The benchmark 10-year US Treasury yield closed at 3.7590%; the two-year US Treasury yield finally closed at 3.7740%.
    🕵️ Operation suggestion:

    USD/JPY 143.519  Sell  Target Price  141.849

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold ▲0.10% 2495.5 2495.46
    Silver ▲0.81% 28.252 28.246
    📝 Review:Spot gold continued to weaken during the European session, but recovered after the release of job openings. It finally closed up 0.09% at $2,494.80 per ounce. Spot silver finally closed up 0.76% at $28.26 per ounce.
    🕵️ Operation suggestion:

    Gold 2495.90  Sell  Target Price  2475.21

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil ▼-1.49% 68.755 68.781
    Brent Crude Oil ▼-1.35% 72.543 72.574
    📝 Review:Due to the expected solution of Libya's oil supply problem and the market's concerns about the demand for US oil, international oil prices continued to fall yesterday. WTI crude oil closed down 1.37% at $69.17 per barrel, while Brent crude oil finally closed down 1.30% at $72.72 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 68.903  Sell  Target Price  67.877

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 ▼-0.24% 18891.99 18923.85
    Dow Jones ▲0.01% 40938.7 40963.8
    S&P 500 ▼-0.26% 5509.55 5516.65
    ▼0.00% 17559.3 17559.3
    US Dollar Index ▼-0.43% 101.06 101.06
    📝 Review:The Nasdaq fell 0.3%, the S&P 500 fell 0.16%, and the Dow Jones rose 0.09%. Most large technology stocks fell, Intel (INTC.O) fell more than 3%, Amazon (AMZN.O) and Nvidia (NVDA.O) fell more than 1%, Microsoft (MSFT.O), Google (GOOG.O), and Apple (AAPL.O) fell slightly; Tesla (TSLA.O) rose more than 4%, Netflix (NFLX.O) and Meta Platforms (META.O) rose slightly. Among them, Nvidia's stock price has widened its decline to 15% since the release of its financial report last week. U.S. Steel fell more than 17%.
    🕵️ Operation suggestion:

    Nasdaq 100 18930.980  Sell  Target Price  18525.610

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin ▼-0.09% 58054.3 58085.5
    Ethereum ▼-0.31% 2455 2461.3
    Dogecoin ▲0.07% 0.09773 0.09816
    📝 Review:Bitcoin is currently trading below the 100 hourly simple moving average and has failed to surpass the $58,000 mark. On the upside, it is likely to face resistance near $57,650. This price point is close to the 50% Fibonacci retracement level of the decline from $59,773 to $55,591.
    🕵️ Operation suggestion:

    BitCoin 58123.1  Buy  Target Price  60294.3

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