[Market Evening] The US Index Continues to Hit a New 20-Year High, and the Euro Is About to Break

As of 17:00 (GMT+8), spot gold fell 1.070% to $1716.70/oz, and spot silver fell 1.308% to $18.937/oz.

Comment: The international price of gold fell again as the US dollar index hit a new high of 108.646 in late October 2002, hurting the demand for dollar-denominated gold by holders of other currencies. Markets fear the Federal Reserve may take more aggressive rate hikes this month to combat soaring inflation.

Suggestion: short Spot gold at 1716.50, and the target point is 1706.50.

As of 17:00 (GMT+8), the US dollar index rose 0.603% to 108.43, EUR/USD fell 0.343% to 1.00200; GBP/USD fell 0.373% to 1.18461; AUD/USD fell 0.175% to 0.67485; USD /JPY was up 1.341% at 139.245.

Comment: EUR/USD once fell below the parity level of 1 and then rose slightly in the New York market, reducing the day's decline and barely closing above the 1 level. With the evolution of the Russian-Ukrainian conflict, European countries' economic development and security strategies have undergone tremendous changes. In particular, Germany, the largest economy in the eurozone, is in a dilemma with its economy, and the euro is deeply stuck in the mud.

Suggestion: short EUR/USD at 1.00190, target point 0.99500.

As of 17:00 (GMT+8), WTI fell 1.775% to $92.375/barrel; Brent fell 1.426% to $96.266/barrel.

Comment: International oil prices are weak, but the decline is limited. Despite a bullish outlook for a sharp interest rate hike by the Federal Reserve, which is expected to dampen demand for crude while suppressing inflation, tight global supply has limited the downside for oil prices. Political instability in Libya is likely to intensify, and US President Biden's trip to the Middle East may not achieve his goals.

Suggestion: go short at 91.700 US crude oil and target at 88.000.

1. Source: Celsius is in the process of notifying regulators to file for bankruptcy;

2. The equity management startup Pulley completed a $40 million Series B financing, with General Catalyst participating in the investment;

3. OKX was granted a temporary virtual asset license by the Dubai Virtual Assets Regulatory Authority (VARA);

4. Celsius Mining, a subsidiary of Celsius, has also filed for bankruptcy protection;

5. Polygon joins Disney's "Accelerator Program" to develop AR, NFT, and AI experiences;

6. Uniswap v3 has been deployed to Celo;

7. The Celo blockchain stopped producing blocks, and the official said it was identifying and solving the problem;

8. Market news: Malaysia, Australia, and South Africa study digital currency issues.

The Taiwan Weighted Index rose 0.435% to 14,397.7 points;

The Nikkei 225 rose 0.571% to 26630.1 points;

Hong Kong's Hang Seng Index fell 0.265% to 20,667.0 points;

Australia's S&P/ASX 200 fell 0.276% to 6,604.65.

20:30(GM+8):

US initial jobless claims for the week ended July 9 (10,000)

US continuing jobless claims for the week ended July 9 (10,000)

US June PPI annual rate (%)

US core PPI annual rate in June (%)

US machinery manufacturing price index in June - PPI sub-item

22:30(GM+8):

US EIA Operational Natural Gas Extended Flow (billion cubic feet) for the week ended July 8

Changes in US EIA natural gas inventories for the week ended July 8 (billion cubic feet)

23:30(GM+8):

US July 14 4-Week Treasury Auction - High Allocation Percentage (%)

US July 14 4-Week Treasury Auction - High-Interest Rate (%)