[Market Evening] European Currencies Benefit From Weak Dollar, But Are Constrained By Pessimistic Macroeconomics

As of 17:00 (GMT+8), spot gold fell 0.0993% to $1783.40/oz, and spot silver fell 1.708% to $20.430/oz.

Comment: The international gold price fell, giving back all the gains of the previous trading day, as the US dollar index continued to rebound, and the Fed's expectation of a substantial interest rate hike further suppressed gold. Despite lower inflation in July, Fed policymakers remained wary of the inflation picture. Investors will be closely watching the minutes of the Federal Reserve's July policy meeting due out this week.

Suggestion: Long spot gold at 1784.00 and target at 1802.40.

As of 17:00 (GMT+8), the US dollar index rose 0.464% to 106.05, EUR/USD fell 0.523% to 1.02063; GBP/USD fell 0.550% to 1.20700; AUD/USD fell 1.207% to 0.70399; USD /JPY fell 0.143% to 133.284.

Comment: As the inflationary pressure in the United States eased significantly in July, which prompted traders to lower expectations for the Fed to raise interest rates in the future, the dollar index fell again after a week and refreshed the low point since the end of June to 104.634. Supported by a weaker dollar, non-US currencies rebounded.

Suggestion: short the EUR/USD at 1.02060, and the target point is 1.01500.

As of 17:00 (GMT+8), WTI fell 2.594% to $89.035/barrel; Brent fell 2.315% to $95.062/barrel.

Comment: The CEO of oil giant Saudi Aramco said the company was ready to increase production. In addition, the production of several offshore platforms in the US Gulf of Mexico is recovering after a short-term suspension last week; at the same time, weaker-than-expected economic data from China in July released on Monday morning also weighed on the outlook for crude oil demand; overall, the short-term downside risks to oil prices are significant Increase.

Suggestion: short US crude oil at 89.010; the target point is 86.140.

1. Varen: A malicious actor intends to empty the deactivated vault; VRN pledge users please withdraw as soon as possible;

2. Ethereum PoW: The initial version of ETHW Core has been released, including features such as disabling difficulty bombs;

3. Messari founder: ETH is Fintech3, not Web3;

4. The Ethereum development platform Infura has fully supported the Arbitrum Goerli testnet;

5. Tether's market value increased by nearly $2 billion in August;

6. A Rug Pull occurred in FIO Protocol, a project on the Polygon chain;

7. An Ethereum giant whale address that has been sleeping for nearly three years transferred 145,000 ETHs in multiple transactions.

The Taiwan Weighted Index fell 0.090% to 15369.9 points;

The Nikkei 225 rose 0.188% to 28773.5 points;

Hong Kong's Hang Seng Index fell 0.733% to 20041.0;

Australia's S&P/ASX 200 fell 0.198% to 7067.65.

20:30(GM+8):

US New York Fed Manufacturing Index in August

U.S. New York Fed Manufacturing New Orders Index in August

US August New York Fed Manufacturing Price Gains Index

US New York Fed Manufacturing Employment Index in August

22:00(GM+8):

US NAHB housing market index for August

23:30(GM+8):

U.S. August 15 auction of 6-month Treasury bonds - total amount ($100 million)

U.S. August 15 6-Month Treasury Auction - High-Interest Rate (%)

US 3-Month Treasury Auction on August 15 - Total Amount ($100 million)

US 3-month Treasury bond auction on August 15 - bid multiple (times)

U.S. August 15 3-Month Treasury Auction - High Allocation Percentage (%)