Hot spot tracking

  • World Gold Council: Global physically backed gold exchange-traded funds saw inflows for the second consecutive month in June as European and Asian listed funds increased their gold holdings. This news is bullish for gold.
  • Traders have reduced their bets on a rate cut by the Bank of England, believing that the likelihood of a rate cut in August is less than 50%. Earlier, Bank of England chief economist Peel said that underlying inflation dynamics showed a disturbingly strong trend. This news is negative for the pound.
  • OPEC maintained its forecast for global crude oil demand growth this year and next year at 2.25 million barrels per day and 1.85 million barrels per day, respectively, which is slightly bullish for crude oil.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD 0.14% 1.08297 1.08295
    GBP/USD 0.48% 1.28476 1.28482
    AUD/USD 0.09% 0.67496 0.67494
    USD/JPY 0.26% 161.705 161.576
    GBP/CAD 0.37% 1.74969 1.74954
    NZD/CAD -0.83% 0.82803 0.82795
    📝 Review:On Wednesday, as Powell did not weaken the market's expectations of a rate cut, the US dollar index fell back to around the 105 mark. It eventually closed down 0.118% at 105.01. US Treasury yields fell slightly, with the benchmark 10-year US Treasury yield closing at 4.29% and the two-year US Treasury yield closing at 4.63%.
    🕵️ Operation suggestion:

    USD/JPY 161.570  Buy  Target Price  162.037

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold 0.31% 2371.29 2371.36
    Silver 0.06% 30.8 30.8
    📝 Review:Spot gold continued to rebound, boosted by strong demand from central banks and expectations of a rate cut by the Federal Reserve in September. It hit a daily high of 2,386.56 before Powell's speech, then gave up nearly half of its intraday gains and finally closed up 0.32% at $2,371.38 per ounce. Spot silver traded sideways and finally closed up 0.06% at $30.82 per ounce.
    🕵️ Operation suggestion:

    Gold 2372.38  Buy  Target Price  2386.76

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil 0.57% 81.626 81.571
    Brent Crude Oil 0.33% 84.958 84.899
    📝 Review:Last week, both U.S. crude oil and gasoline inventories fell sharply, easing traders' concerns about demand, and international oil prices rebounded from their lowest point in nearly two weeks. WTI crude oil closed up 0.8% at $82.4 per barrel, while Brent crude oil finally closed up 0.49% at $85.37 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 81.572  Buy  Target Price  82.831

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 0.92% 20663.44 20682.9
    Dow Jones 1.15% 39720.4 39727.4
    S&P 500 0.92% 5631.2 5632.92
    0.00% 17559.3 17559.3
    US Dollar Index -0.11% 104.56 104.54
    📝 Review:The three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 1%, the S&P 500 up 1%, setting a record closing high for six consecutive trading days, and the Nasdaq up 1.18%, setting a record closing high for seven consecutive trading days. Tesla (TSLA.O) rose 0.35%, Nvidia (NVDA.O) rose 2.7%, and Apple (AAPL.O) rose 1.8%. The Nasdaq China Golden Dragon Index fell slightly, and Xpeng Motors (XPEV.N) rose more than 7%.
    🕵️ Operation suggestion:

    Nasdaq 100 20668.180  Buy  Target Price  20807.890

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin -0.68% 57373.6 57393.7
    Ethereum 1.14% 3093.5 3093
    Dogecoin 0.08% 0.10729 0.10689
    📝 Review:Judging from the overall market trend, bullish forces have a clear advantage in the Bitcoin market. As of the latest trading session, Bitcoin’s price remains below the $59,000 mark. After last night’s strong performance, the daily K-line chart showed a strong upward signal, which almost confirmed the formation of a market bottom. Therefore, we can expect a significant rally in Bitcoin.
    🕵️ Operation suggestion:

    BitCoin 57522.7  Sell  Target Price  54356.0

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