Hot spot tracking
- The EU will suspend trade countermeasures against the US for six months. The EU is waiting for Trump to take action on auto tariffs and exemptions this week. This news is positive for European automakers and stocks.
- Trump said he would significantly increase tariffs on India because the country buys Russian crude oil. India responded by saying the accusation was completely unreasonable. This news is bullish for crude oil.
- Fed's Daly: The time for rate cuts is approaching, and the number of cuts this year is more likely to exceed two. This news is bearish for the dollar and U.S. stocks.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.16% 1.15721 1.15685 GBP/USD ▲0.03% 1.32847 1.32818 AUD/USD ▲0.07% 0.64659 0.64683 USD/JPY ▼-0.08% 147.087 147.119 GBP/CAD ▲0.04% 1.83021 1.82885 NZD/CAD ▼-0.13% 0.81366 0.81381 📝 Review:On Monday, the US dollar index moved sideways and ended slightly higher by 0.05% at 98.708. US Treasury yields fluctuated lower, with the benchmark 10-year yield closing at 4.197% and the 2-year yield at 3.679%.🕵️ Operation suggestion:USD/JPY 146.650 Sell Target Price 146.050
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▲0.24% 3373.35 3374.21 Silver ▲1.00% 37.395 37.393 📝 Review:Spot gold rose for the third consecutive trading day, boosted by rising expectations of interest rate cuts, once surpassing the $3,380 mark, and finally closed up 0.32% at $3,373.56 per ounce; spot silver also extended its gains, closing up 0.99% at $37.41 per ounce.🕵️ Operation suggestion:Gold 3378.60 Buy Target Price 3434.84
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-0.70% 65.641 65.638 Brent Crude Oil ▼-0.81% 68.504 68.496 📝 Review:As OPEC+ once again significantly increased production, offsetting market concerns about potential supply shortages caused by sanctions on Russian oil, international crude oil fell to a one-week low. WTI crude oil opened lower and continued to decline, eventually closing down 1.47% at $65.67 per barrel; Brent crude oil closed down 1.18% at $68.53 per barrel.🕵️ Operation suggestion:WTI Crude Oil 65.690 Sell Target Price 64.416
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲2.02% 23215.45 23209.95 Dow Jones ▲1.45% 44216.5 44229.1 S&P 500 ▲1.61% 6336.65 6338.65 US Dollar Index ▲0.05% 98.44 98.37 📝 Review:The three major U.S. stock indexes collectively closed higher, with the Dow up 1.34%, the S&P 500 up 1.47%, and the Nasdaq up 1.95%. Tesla (TSLA.O) rose 2%, Meta (META.O) rose 3.5%, and Nvidia (NVDA.O) rose 3.6%. The Nasdaq Golden Dragon China Index closed up 1.3%, XPeng (XPEV.N) rose 4.4%, and JD.com (JD.O) rose 2.3%.🕵️ Operation suggestion:Nasdaq 100 23215.350 Buy Target Price 23454.322
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.33% 114730.7 115061 Ethereum ▲5.64% 3698.1 3708.7 Dogecoin ▲3.62% 0.20598 0.20824 📝 Review:From the overall trend, the bulls have a slight advantage in the Bitcoin market, but as of the current press release, its price remains below the 114,500-point mark. In this decline, the 4-hour level 144 moving average has been confirmed to be effectively broken. Even if there is a strong rebound, it is highly likely to encounter resistance at this moving average level, and currently, such rebound strength is clearly lacking. As for Ethereum, it has not yet broken below the 4-hour level 144 moving average. Whether it will follow with a decline is worth noting, but at least it indicates that there are no major signs of a stop in the decline, and caution is still advised when considering bottom-fishing. Personal view: Bitcoin has already broken below the high-level 4-hour pivot. Although there are short-term signs of a halt in the decline, the 4-hour level 233 moving average has become a critical node in the battle between bulls and bears. If this level is effectively broken, it may trigger a significant drop, even leading to a reversal in the weekly trend. Operationally, it is recommended to focus on looking for short opportunities at highs rather than blindly chasing long positions.🕵️ Operation suggestion:BitCoin 114985.1 Buy Target Price 117350.1
Calendar
- 20:30 (GMT+8): U.S. June Trade Balance
- 20:55 (GMT+8): U.S. Redbook Commercial Retail Sales Year-over-Year for the Week Ending July 28
- 22:00 (GMT+8): US July ISM Non-Manufacturing PMI
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