[Market Evening] Fed Hawks Continue to Speak Out, Gold Day Falls Nearly 1%

As of 17:00 (GMT+8), spot gold fell 0.349% to $1830.57/oz, and spot silver fell 0.163% to $21.497/oz.

Comment: The international gold price hit a new low of $1,829.42 per ounce since May 19. The Fed may have no choice but to stick to a tough policy stance. Speculative money is likely to reduce long positions in gold as real interest rates rise, which should push prices lower, although the latest developments in Ukraine offset some of the bearishness from the continued rally in the U.S. dollar index.

Suggestion:  short spot gold at 1830.00, and the target point is 1810.90.

As of 17:00 (GMT+8), the US dollar index rose 0.236% to 102.02, EUR/USD fell 0.151% to 1.07161; GBP/USD fell 0.169% to 1.25750; AUD/USD rose 0.130% to 0.71861; USD /JPY was up 0.567% at 129.410.

Comment: The euro announced that the initial value of the annual rate of CPI in May was 8.1%, expected to be 7.7%, and the final value in April was 7.4%, continuing to set a new record high. Inflation data in the euro zone continued to soar more than expected in May, further increasing the pressure on the European Central Bank, which also strengthened the market's expectations that the European Central Bank will enter the ranks of interest rate hikes in July and September. But the data does not seem to have had much support for the euro. On Monday, European and American prices generally showed a tug-of-war in the recent high area. The highest price of the day was 1.0786, the lowest was 1.0725, and the price closed at 1.0734.

Suggestion: short the euro/dollar at 1.07160, the target point is 1.06750.

As of 17:00 (GMT+8), WTI rose 0.945% to $114.969/barrel; Brent rose 1.012% to $116.717/barrel.

Comment: International oil prices rose, as EU leaders agreed to partially and phased forward the ban on Russian oil imports, the market supply gap expanded to 1.5 million to 2 million barrels per day in the second half of this year, and oil prices may exceed $130 per barrel. But news of a sharp increase in U.S. crude production capped gains in oil prices. U.S. crude oil production rose more than 3% in March, with output in New Mexico rising to nearly 1.5 million barrels per day, the highest on record.

Suggestion:  long US crude oil is at 114.920, and the target point is 116.160.

1. Moonbeam is working with Lido to introduce liquid staking services to Polkadot;

2. Kroo, a UK digital bank, completed a £26 million Series B financing;

3. The British Treasury issued a consultation paper and proposed measures to reduce the risk of stablecoin investors;

4. Fidelity Digital Assets: Fidelity will have little impact on cryptocurrency price drops and will provide 24-hour trading support;

5. Pictoria, an AI VTuber company, completed 120 million yen financing, and Mask Network participated in the investment;

6. Morgan Stanley: Encryption companies received $30 billion in VC funding last year, and investment and trading activity may slow this year;

7. BNB Chain released the technical roadmap.

The Taiwan Weighted Index rose 0.070% to 16604.9 points;

The Nikkei 225 rose 1.120% to 27,481.5 points;

Hong Kong's Hang Seng Index fell 0.314% to 21266.1 points;

Australia's S&P/ASX 200 rose 0.624% to 7226.35.

21:45(GM+8):

U.S. May Markit Manufacturing PMI Final Value.

22:00(GM+8):

US May ISM Manufacturing PMI.

Bank of Canada overnight lending rate in June. (%)

Job vacancies in JOLTs in the United States in April. (10,000)

22:30(GM+8):

Mexico's May Markit Manufacturing PMI.