[Market Evening] The International Gold Price Continues to Show Counter-Intuitive Logic, and the FED Shows Its Trump Card Prematurely

As of 17:00 (GMT+8), spot gold fell 0.135% to $1831.11/oz, and spot silver fell 0.383% to $21.575/oz.

Comment: Spot gold weakened slightly, paring some of the overnight gains. Overnight, the Federal Reserve further accelerated interest rate hikes as scheduled, and the gold market was exhausted, closing sharply higher by more than 1.4%. The market has almost fully priced in two consecutive interest rate hikes by the Fed by 75 basis points, and the fact that the market is buying and selling suggests that the gold market is expected to continue to have a counter-intuitive reaction, and there may be a short squeeze.

Suggestion: short spot gold at 1832.30, and the target point is 1804.50.

As of 17:00 (GMT+8), the US dollar index rose 0.449% to 105.09, EUR/USD fell 0.532% to 1.03919; GBP/USD fell 0.659% to 1.20892; AUD/USD fell 0.385% to 0.69820; USD /JPY was up 0.022% at 133.831.

Comment: The euro against the dollar continues to pay attention to the support near 1.0350. If the top crosses 1.05, it will test the resistance near the middle rail of the Bollinger Band at 1.06. From the daily chart, the GBP/USD is still in a weak downward trajectory as a whole. USD/JPY still needs to pay attention to the competition of 135. If it does not break, be careful to guard against the risk of a larger correction. Below is the key support level at 133.00.

Suggestion: the euro against the dollar is short at 1.03910, and the target point is 1.03510.

As of 17:00 (GMT+8), WTI rose 0.222% to $113.681/barrel; Brent rose 0.384% to $117.095/barrel.

Comment: The International Energy Agency (IEA) released its first forecast of oil market supply and demand in 2023 on Wednesday (June 15), and some insiders in OPEC also revealed the wind to prepare for its demand forecast released in July. But according to current news, the two sides appear to have divergent views on the oil market in 2023, especially on demand.

Suggestion: long US crude oil at 113.500, the target point is 116.830.

1. The exchange ratio of stETH to ETH on Curve has dropped to 1:0.9347, and the liquidity pool ratio has been seriously tilted;

2. Celcius: Team work doesn't stop, it's a difficult time;

3. South Korean prosecutors begin a full investigation into allegations of tax evasion against Terra CEO Do Kwon;

4. Data: yesterday, miners transferred 88,000 BTC to the trading platform, a record high;

5. Head of Trading at Blocks Capital: Three Arrows Capital misappropriated about $1 million from the institution for margin calls;

6. TGV4 Plus, a venture capital firm, completed a new fund raising of US$146 million;

7. At least 10 browser plug-in wallets such as MetaMask have security loopholes, and some wallets have fixed loopholes;

8. Source: Celsius hired Citigroup to advise on possible solutions to the financial crisis;

The Taiwan Weighted Index fell 2.662% to 15649.8 points;

The Nikkei 225 index fell 2.106% to 25977.5 points;

Hong Kong's Hang Seng Index fell 2.982% to 20845.2 points;

Australia's S&P/ASX200 index fell 1.719% to 6512.15 points.

20:30(GM+8):

U.S. initial jobless claims for the week ended June 6 (10,000)

U.S. continuing jobless claims for the week ended June 6 (10,000)

Annualized monthly rate of housing starts in the United States in May (%)

The annualized total number of new housing starts in the United States in May (10,000 households)

The initial value of the monthly rate of construction permits in the United States in May (%)

The initial value of the annualized total number of construction permits in the United States in May (10,000 households)

22:30(GM+8):

U.S. EIA Operational Natural Gas Extended Flow (billion cubic feet) for the week ended June 6

Change in U.S. EIA natural gas inventories for the week ended June 6 (billion cubic feet)

U.S. Treasury Auctions for 4 Weeks on June 16 - Total Amount ($100 million)

U.S. June 16 4-Week Treasury Auction - High Allocation Percentage (%)

U.S. Treasury auction on June 16 for 4 weeks - bid multiple (times)

US June 16 4-Week Treasury Auction - High Interest Rate (%)