[Market Evening] Virtual Currencies Continue to Fall Bitcoin Plunges 4.25%, Missing the $30,000 Mark Again

As of 17:00 (GMT+8), spot gold was down 0.572% at $1799.33/oz, and spot silver was up 0.400% at $21.101/oz.

Comment: International gold prices fell slightly in oscillatory trading, reapproaching the low of $1798.98/oz set in the previous session on Feb. 4, after Fed officials said they were prepared to consider accelerating rate hikes before the September Fed meeting if high inflation did not show improvement. A major liquidation event in the precious metal could be underway.

Suggestion: Spot gold is long at 1799.10 position, the target point 1758.90.

As of 17:00 (GMT +8), the U.S. dollar index fell 0.096% to 104.48, EUR/USD rose 0.246% to 1.04265; GBP/USD fell 0.112% to 1.22288; AUD/USD fell 0.225% to 0.69149; USD/JPY rose 0.053% to 129.388.

Comments: The euro fell sharply against the dollar last week to a five-year low of 1.0350, mainly due to the strong dollar. The European economic slowdown also dragged the euro; the pound against the dollar from the intra-day low of 1.2128 has pulled up but did not change its downside momentum. The current initial support for the pound against the dollar is located at 1.2140, with further support for 1.2100; dollar against the yen to pay attention to the resistance of the 130 mark situation if it remains below the level and below if it can fall through the 128.00 level, will usher in a deeper retracement.

Suggestion: EUR/USD is short at 1.04230 position, the target point 1.03250.

As of 17:00 (GMT+8), WTI was down 0.272% at $108.380/barrel; Brent was down 0.580% at $109.787/barrel.

Comment: International oil prices fell, giving back early gains as bulls took profits. But with the European Union committed to implementing a ban on Russian crude imports this month and limited production increases from OPEC producers, oil prices remain bullish in the aftermath. Last week, the authorities in Moscow imposed sanctions on several European energy companies, sparking further concerns about energy security in the market. Oil prices have risen more than $11 since May 11.

Suggestion: U.S. crude oil is long at 108.180 position, the target point 113.290.

1. El Salvador will host a central bank conference to discuss financial inclusion and Bitcoin-related issues. 

2. Nvidia may release RTX 40 series graphics cards early. 

3. multi-chain DeFi protocol FEG is suspected of having suffered a lightning loan attack, with losses of about $1.3 million. 

4. Venus has resumed operations such as accessing funds, and users who use UST and LUNA as collateral are required to provide collateral to prevent liquidation.

Taiwan-weighted index down 0.340% at 15,929.0 points.

The Nikkei 225 index was down 0.178 percent at 26,615.6 points.

Hong Kong's Hang Seng index is down 0.670 percent at 20,016.0 points.

Australia's S&P/ASX200 index was down 0.042% at 7,118.55 points.

20:30 (GM+8): 

U.S. New York Fed manufacturing index for May

U.S. May New York Fed Manufacturing Employment Index

U.S. May New York Fed Manufacturing Price Gains Index

U.S. New York Fed Manufacturing New Orders Index, May

22:30 (GM+8): 

U.S. May 16 6-month Treasury auction - bid multiplier (times)

U.S. May 16 6-month Treasury auction - high-interest rate (%)

US May 16 6-month bond auction - total amount ($bn)

U.S. May 16 3-month Treasury auction - high allocation percentage (%)

U.S. May 16 3-month Treasury auction - bid multiples (times)