[Market Evening] Four Countercurrents Hit as Investors Await U.S. Inflation Data

As of 17:00 (GMT+8), spot gold fell 0.111% to $1845.51/oz, and spot silver fell 0.180% to $21.628/oz.

Comment: The international gold price continued to fall as the yield of U.S. bonds increased, which increased the holding cost of non-yielding asset gold. Investors are awaiting the upcoming release of U.S. inflation data. Some institutions believe the U.S. economy is at the intersection of four countercurrents.

Suggestion: go long spot gold at 1844.50 and target at 1874.00.

As of 17:00 (GMT+8), the US dollar index fell 0.000% to 103.14, EUR/USD fell 0.012% to 1.06163; GBP/USD fell 0.094% to 1.24817; AUD/USD rose 0.455% to 0.71333; USD /JPY fell 0.429% to 133.811.

Comment: It is difficult for the euro to rise against the U.S. dollar. Currently, the exchange rate is below the 20-period moving average on the daily chart, and it has also begun to fall below the middle rail on the Bollinger Bands channel. Overall, the trend of the euro has begun to weaken.

Suggestion:  short the euro against the dollar at 1.06150, and the target point is 1.05290.

As of 17:00 (GMT+8), WTI rose 0.162% to $119.622/barrel; Brent rose 0.324% to $121.799/barrel.

Comment: International oil prices are under pressure but not far from the three-month high set this week. Due to the strong demand for fuel in the United States, the world's largest consumer, the supply gap caused by Western sanctions on Russia is difficult to make up, and Saudi Arabia reduces supply to Asian customers.

Suggestion:  long U.S. crude oil at 119.550, and the target point is 123.000.

Mastercard announced that the payments company is working to enable non-fungible token (NFT) commerce in partnership with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider Monday.

The Taiwan Weighted Index rose 0.153% to 16432.1 points;

The Nikkei 225 fell 0.776% to 27761.5 points;

Hong Kong's Hang Seng Index rose 1.092% to 21748.0 points;

Australia's S&P/ASX200 index fell 1.095% to 6,883.15 points.

20:30(GM+8):

U.S. May CPI annual rate not seasonally adjusted (%)

U.S. core CPI annual rate in May not seasonally adjusted (%)

Canada May Unemployment Rate (%)

Changes in employment in Canada in May (10,000)

22:00(GM+8):

U.S. University of Michigan Consumer Confidence Index Preliminary Value for June

U.S. June University of Michigan 5-10-year inflation forecast initial value (%)

U.S. June University of Michigan 1-year inflation forecast initial value (%)

The preliminary value of the current situation index of the University of Michigan in June.