[Market Evening] With Rhetoric, Commodities Will be at the Center of the Next Economic Crisis?

As of 17:00 (GMT+8), spot gold rose 0.063% to $1851.76/oz, and spot silver fell 1.575% to $22.244/oz.

Comment: International gold closed down sharply on Friday. The highest intraday price reached the 1865 line and then gradually declined. In the early morning of Saturday, the gold price dropped to the 1847 line and oscillated to close at the 1851 line. The daily line recorded a negative line, and the short-term gold price has risen and fallen, and it is still in the price range of the daily moving average technical indicator support pressure level. The current daily moving average is in the form of bonding and narrowing, maintaining a volatile trend for reference.

Suggestion: short Spot gold at 1851.50, and the target point is 1831.80.

As of 17:00 (GMT+8), the US dollar index fell 0.274% to 101.89, EUR/USD rose 0.266% to 1.07484; GBP/USD rose 0.568% to 1.25682; AUD/USD rose 0.259% to 0.72310; USD /JPY fell 0.105% to 130.716.

Comment: EUR/USD continues to run above the short-term moving average, and technical indicators have entered the oversold area but have not yet exhausted. Pay attention to the 1.0780 resistance above, if it can break through, it will test 1.08, and the upper space is expected to expand after the break; GBP/USD should pay attention to the support at the 1.2480 level; if it falls below, be careful of the weakening of the pound; AUD/USD is currently on the daily chart, It is gradually moving away from the 20-period moving average, and the technical indicators continue to develop towards the overbought area, showing that the influx of Australian bulls is more positive;

Suggestion: EUR/USD 1.07480 position to go long, the target point 1.08300.

As of 17:00 (GMT+8), WTI fell 1.002% to $117.454/barrel; Brent fell 1.171% to $119.032/barrel.

Comment: The Russian-Ukrainian conflict is redrawing the world's energy map and may usher in a "new era": an era in which the global flow of fossil fuels will be influenced not only by supply and demand but also by geopolitical games. For more than half a century, oil and gas have flowed relatively uninterrupted to the highest-priced markets in accordance with the laws of the free market. However, the Russian-Ukrainian conflict that broke out in February this year has completely changed all this. A series of trade sanctions against Russia by the United States and Europe have thrown global business activities into chaos, and the traditional model has been completely broken.

Suggestion: long U.S. crude oil at 117.560, and the target point is 120.060.

1. Moonbeam is working with Lido to introduce liquid staking services to Polkadot;

2. Kroo, a U.K. digital bank, completed a £26 million Series B financing;

3. The British Treasury issued a consultation paper and proposed measures to reduce the risk of stable coin investors;

4. Fidelity Digital Assets: Fidelity will have little impact on cryptocurrency price drops and will provide 24-hour trading support;

5. Pictoria, an AI VTuber company, completed 120 million yen financing, and Mask Network participated in the investment;

6. Morgan Stanley: Encryption companies received $30 billion in V.C. funding last year, and investment and trading activity may slow this year;

7. BNB Chain released the technical roadmap.

The Taiwan Weighted Index fell 0.173% to 16,654.3 points;

The Nikkei 225 rose 1.720% to 28030.5 points;

Hong Kong's Hang Seng Index rose 1.513% to 21743.0 points;

Australia's S&P/ASX 200 rose 0.416% to 7233.75.

22:00(GM+8):

Conference Board Employment Trends Index for May.

22:30(GM+8):

U.S. June 6 3-Month Treasury Auction - Bid Ratio. (Times)

U.S. 3-month Treasury auction on June 6 - total amount. ($100 million)

U.S. June 6 6-Month Treasury Auction - Bid Ratio. (Times)

U.S. June 6 auction of 6-month Treasury bonds - total amount. ($100 million)

U.S. June 6 3-Month Treasury Auction - High Allocation Percentage. (%)