English
[Market Evening] The International Gold Price Outlook Continues to Look Down at US$1,759, and The Terrorist Data "Attacks With the Minutes of the Fed Meeting, and the War Between Long and Short Is Imminent.
The immediate focus will be the minutes from the Fed's July policy meeting ahead of the annual meeting of global central banks in Jackson Hole in late August, which will set the tone for the Fed's September policy meeting. If the Fed becomes more hawkish on the outlook for rate hikes, it will have some negative impact on gold.
As of 17:00 (GMT+8), spot gold fell 0.028% to $1775.02/oz, and spot silver fell 0.562% to $20.000/oz.
Comment: The international gold price rose and fell, not far from the more than one-week low of $1,771.28/oz set overnight. Investors awaited the minutes of the upcoming Fed policy meeting in July for clues on the Fed's future rate hikes. The Fed's hawkish stance is bearish for gold prices. The dollar bull cycle looks very long.
Suggestion: short Spot gold at 1775.40, and the target point is 1764.90.
As of 17:00 (GMT+8), the US dollar index fell 0.009% to 106.39, EUR/USD rose 0.097% to 1.01764; GBP/USD rose 0.209% to 1.21152; AUD/USD fell 0.636% to 0.69827; USD /JPY was up 0.393% at 134.755.
Comment: The dollar was little changed against a basket of currencies on Tuesday as investors awaited Wednesday's US retail sales data and minutes from the Federal Reserve's July meeting. The dollar rebounded from a six-week low hit last week as investors ramped up bets that the Federal Reserve will continue to raise interest rates aggressively as inflation simmers.
Suggestion: short the EUR/USD at 1.01750, and the target point is 1.00970.
As of 17:00 (GMT+8), WTI fell 0.939% to $85.935/barrel; Brent fell 0.854% to $91.560/barrel.
Comment: Although API crude oil inventories fell slightly, API gasoline inventories fell sharply, and US stocks continued to rise, providing some support for oil prices, lingering concerns about the risk of a global economic recession, coupled with rising expectations that Iran may resume supply, Oil prices are still under pressure as a whole. Before recovering the 10-day moving average of 89.70, oil prices are still biased towards further shock and decline.
Suggestion: short US crude oil at 85.840, and the target point is 83.850.
1. Data: About 115 million USDT were transferred from unknown wallets to Binance;
2. Polygon Zero announced that its zero-knowledge verification system Plonky2 had been open-sourced;
3. Colombian Tax Commissioner: Colombia will launch a CBDC;
4. zkSync will introduce a new gas fee model to realize a dynamic fee mechanism;
5. EOS EVM will be launched soon, and the mainnet will undergo a hard fork upgrade in September;
6. Ethereum developer: Chiado, the merged testnet of the Ethereum side chain Gnosis Chain, has been successfully merged; 7. Jurrien Timmer: The regulation of stablecoins will increase the adoption of cryptocurrencies by institutions;
8. Arthur Hayes is said to have been advising Mycelium on its derivatives business;
9. Kraken CEO: Transactions related to Tornado Cash addresses will be blocked.
The Taiwan Weighted Index fell 0.210% to 15374.0 points;
The Nikkei 225 rose 0.549% to 29099.0 points;
Hong Kong's Hang Seng Index fell 0.060% to 19914.0 points;
Australia's S&P/ASX 200 fell 0.191% to 7102.35.
20:30(GM+8):
US July retail sales monthly rate (%)
US July core retail sales monthly rate (%)
US July retail sales annual rate (%)
22:30(GM+8):
Changes in US EIA crude oil inventories for the week ended Aug. 12 (10,000 barrels)
Changes in US EIA gasoline inventories for the week ended Aug. 12 (10,000 barrels)
Changes in US EIA refined oil inventories for the week ended Aug. 12 (10,000 barrels)
US weekly EIA crude oil imports for the week ended Aug. 12 (10,000 barrels)
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