[Market Morning] Several Fed officials said they set the tone for Powell's speech tonight, gold fell 1,760, and the Iran nuclear deal disrupted the oil market, with U.S. oil down 3%

On Thursday, spot gold rose to a high of $1,765.36 before the U.S. market, and fell back to $1,760. It finally closed up 0.45% at $1,758.94 per ounce; spot silver closed up 0.72% at $19.25 per ounce.

Comment: Gold prices rose on Thursday and the dollar retreated from recent highs as investors awaited the Jackson Hole seminar for tips on the Fed's monetary policy. Markets will be watching Fed Chairman Jerome Powell's speech at a central bank seminar in Wyoming on Friday for clues on the central bank's rate hike strategy.

Suggestion: go short at 1756.40 of spot gold, target point at 1742.00

The US dollar index fell first and then rose. It fell below the 108 mark during the session, and then recovered most of the lost ground, and finally closed down 0.18% at 108.41; the 10-year US bond yield fell sharply, but was still at a high level, and finally closed at 3.031%.

Comment: The dollar index slipped on Thursday, while the euro held steady in choppy trade as investors awaited comments from Federal Reserve Chairman Jerome Powell on Friday for further clues on the pace of the Fed's rate hikes. Investors swung back and forth between the possibility of a 50- or 75-basis-point rate hike in September, as the Fed battled inflation while facing a downturn in some U.S. economic data.

Suggestion: short position of EUR/USD 0.99710, target point 0.99230

In terms of crude oil, the two crude oils fell sharply during the US session. WTI crude oil rose to a high of 95.72 US dollars and then dived sharply, and once fell more than 3%, and finally closed down 2.43% at 93.00 US dollars / barrel; Brent crude oil fell below 100. The dollar mark, and finally closed down 1.88% at $99.78 per barrel.

Comment: Oil prices fell about $2 in choppy trade on Thursday as investors braced for a possible return of sanctioned Iranian oil exports to global markets and fears that rising U.S. interest rates would dent fuel demand.

Suggestion: long US crude oil at 92.720, the target point is 95.410

The Dow closed up 0.98%, the Nasdaq closed up 1.67%, the S&P 500 closed up 1.41%, and the Nasdaq rose more than 6%; Tesla closed down 0.35% on the first day after the stock split; Twitter closed up More than 0.83%.

Comment: Nvidia jumped 4% after the graphics chip maker gave a lower-than-expected quarterly forecast, which many investors saw as a sign that the worst of declining sales may be over. That drove a rebound in the Philadelphia Semiconductor Index. Apple and Microsoft rose more than 1%, while Amazon and Google parent Alphabet rose more than 2%, all of which contributed significantly to the Nasdaq's rise. All 11 sectors of the S&P 500 advanced, led by materials, up 2.26%, followed by communications services, up 2.06%. Electric car maker Tesla fell 0.35% after its 3-for-1 stock split went into effect.

Suggestion: go short at 13137.650 of the Nasdaq index, target point at 12881.450

WHO: Globally reported monkeypox cases fell by more than 20% last week

On August 25, local time, the WHO held a regular press conference. WHO Director-General Tedros said that the number of monkeypox cases reported globally fell by more than 20% last week, but the number of new cases in the Americas The number of monkeypox cases reported in the Americas has recently surpassed that in Europe. Tedros pointed out that there are signs that the monkeypox epidemic in Europe is slowing down, and measures such as effective public health measures and vaccinations can help prevent the spread of monkeypox. But in Latin America, the lack of public awareness of the monkeypox outbreak and the lack of public health measures and vaccines could contribute to its spread.

U.S. media: Russian fuel still enters the United States

In March of this year, U.S. President Biden announced that the United States would ban all imports of oil, gas and energy from Russia, with the goal of hitting the main artery of the Russian economy. He said: "This means that American ports will no longer accept Russian oil, and the American people will deliver another powerful blow to Russia's "war machine." However, the Associated Press found that the week the measures were announced, there were still About 1 million barrels of Russian crude arrived at the Philadelphia port, and about 75,000 barrels of Russian tar entered the Texas port, bound for the refinery in Valero. More recently, those shipments continued to Valero, ExxonMobil and others. An ExxonMobil media manager responded by saying that July oil shipments came from Kazakhstan and were not affected by the sanctions. Valero did not respond to a request for comment.

U.S. corporate profits hit record high since 1950

The latest U.S. government GDP figures show that many companies are increasingly passing on rising costs to consumers. U.S. adjusted pretax corporate profits rose 6.1% in the second quarter, the largest quarterly gain in the most recent year. A measure of corporate profits rose to 15.5% in the second quarter of 2022, the highest since 1950, from 14.0% in the first quarter.