[Market Evening] The Decline of the International Gold Price Has Slowed Down, the Short-Term View Is Still at $1,717, and the Euro Is About to Invert

As of 17:00 (GMT+8), spot gold rose 0.121% to $1735.87/oz, and spot silver fell 0.676% to $18.954/oz.

Comment: The international gold price fell to a new low of $1,723.05 per ounce on September 30, 2021, due to the negative impact of the continued rise in the US dollar. Investors awaited US inflation data for June, which is expected to cement the Fed's aggressive monetary policy stance. However, concerns about the global growth outlook slowed the pace of gold prices, which remained at $1,717 in the outlook.

Suggestion: short Spot gold at 1735.20, and the target point is 1728.00.

As of 17:00 (GMT+8), the US dollar index rose 0.278% to 108.33, EUR/USD fell 0.306% to 1.00073; GBP/USD fell 0.485% to 1.18306; AUD/USD fell 0.203% to 0.67218; USD /JPY fell 0.163% to 137.190.

Comment: The euro fell sharply against the dollar, dropping 1.44%, and the lowest intraday price was 1.0034, hitting a new low in 20 years. We believe the risk of a recession in the euro area rises as the likelihood of gas shortages rises, and inflation remains at record highs. The probability of economic contraction in the eurozone in the next year is 45%, which has increased significantly before the conflict between Russia and Ukraine.

Suggestion: short EUR/USD at 1.00009, target point 0.99500.

As of 17:00 (GMT+8), WTI fell 1.994% to $99.023/barrel; Brent fell 1.512% to $102.926/barrel.

Comment: International oil prices continued to fall as the Russian court overturned the previous ruling, and concerns about the global economic slowdown posed a threat to the outlook for fuel demand.

Suggestion: short US crude oil at 98.830; the target point is 93.010.

1. Uniswap founder: The attack has nothing to do with the Uniswap protocol;

2. Voyager Digital: Update the customer refund process; the FDIC does not cover Voyager's failure;

3. Security team: A pledged mining project was attacked, and the loss was about $110,000;

4. The Sandbox and the Brazilian Chain Game Association BAYZ reached a cooperation to enter the South American market;

5. Crypto lending platform Celsius hired a new team of lawyers to take charge of the company’s restructuring plan;

6. The Layer 2 interoperability protocol Connext postponed the issuance plan of the token NEXT;

7. BitMEX postponed the listing time of BMEX Token, waiting for the improvement of the crypto market conditions.

The Taiwan Weighted Index fell 1.933% to 13969.6 points;

The Nikkei 225 fell 1.015% to 26016.0 points;

Hong Kong's Hang Seng Index fell 0.777% to 20823.0 points;

Australia's S&P/ASX 200 fell 0.199% to 6,615.55.

20:15(GM+8):

Canada's total reserve assets in June ($100 million)

20:55(GM+8):

US Red Book commercial retail sales annual rate for the week ended July 9 (%)

23:30(GM+8):

US July 12 12-Month Treasury Auction - Total Amount ($100 million)

US July 12 12-Month Treasury Auction - High Allocation Percentage (%)

US July 12 12-Month Treasury Auction - Bid Multiple (Times)

US July 12 12-Month Treasury Auction - High-Interest Rate (%)