Hot spot tracking
- The latest data from the U.S. Treasury Department shows that the total amount of U.S. debt has exceeded $37 trillion for the first time. This news is negative for the U.S. dollar.
- The U.S. unadjusted CPI annual rate in July remained unchanged from the previous month, recording 2.7%; the unadjusted core CPI annual rate in July rose to a five-month high, recording 3.1%. After the data was released, traders increased bets on a Fed rate cut in September. This news is bearish for the dollar.
- US Treasury Secretary Besant: The Fed should consider cutting interest rates by 50 basis points in September. This news is bearish for the dollar.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.50% 1.16727 1.16729 GBP/USD ▲0.51% 1.34993 1.34984 AUD/USD ▲0.24% 0.65284 0.65274 USD/JPY ▼-0.17% 147.85 147.841 GBP/CAD ▲0.49% 1.85883 1.85832 NZD/CAD ▲0.25% 0.8198 0.82 📝 Review:On Tuesday, as data showed that US inflation rose only moderately in July, keeping the possibility of a Fed rate cut next month alive. The dollar index plummeted sharply, falling back near the 98 mark, and finally closed down 0.44% at 98.03; the benchmark 10-year US Treasury yield closed at 4.294%, and the 2-year US Treasury yield closed at 3.741%.🕵️ Operation suggestion:USD/JPY 147.860 Buy Target Price 149.039
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▲0.15% 3348.06 3349.26 Silver ▲0.91% 37.895 37.895 📝 Review:Spot gold oscillated around the 3350 mark, ultimately closing up 0.16% at $3347.98 per ounce; spot silver rose 0.73% to close at $37.88 per ounce.🕵️ Operation suggestion:Gold 3346.91 Sell Target Price 3310.10
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-1.31% 62.456 62.463 Brent Crude Oil ▼-0.88% 65.796 65.814 📝 Review:Crude oil resumed its downward trend, with WTI crude oil starting to decline during the European session and once falling to a daily low of $62.44, eventually closing down 1.3% at $62.45 per barrel; Brent crude oil finally closed down 0.85% at $65.70 per barrel.🕵️ Operation suggestion:WTI Crude Oil 62.477 Buy Target Price 63.454
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲1.33% 23826.95 23829.05 Dow Jones ▲1.18% 44462.7 44448.3 S&P 500 ▲1.14% 6442.95 6442.15 US Dollar Index ▼-0.47% 97.8 97.77 📝 Review:The three major U.S. stock indices all rose, with the Dow closing up 1.10%, the S&P 500 up 1.13%, and the Nasdaq up 1.39%. Circle (CRCL.N) closed up 1.3%, and Intel (INTC.O) rose 5.62%. Sectors such as aviation services and semiconductors strengthened. The Nasdaq Golden Dragon China Index closed up 1.49%, with Tencent Music (TME.N) up 11.85% and Niu Technologies (NIU.O) up 11.69%.🕵️ Operation suggestion:Nasdaq 100 23858.050 Buy Target Price 24039.273
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▲1.24% 120129.6 119840.9 Ethereum ▲9.54% 4619.7 4584.3 Dogecoin ▲5.86% 0.23693 0.23562 📝 Review:From last night to today, Bitcoin has shown intense volatility: Driven by the U.S. July CPI year-on-year increase of 2.7% falling below expectations (reinforcing expectations of a September rate cut) and a surge in U.S. stock futures, Bitcoin quickly rebounded from the $113,200 support level, briefly surging to $115,800 before retreating to around $114,500 due to profit-taking pressure. On the news front, Trump Media submitted an amendment for a Bitcoin ETF registration, to be custodied by Crypto.com, coupled with Meta's better-than-expected earnings report boosting spillover sentiment in tech stocks, intensifying market expectations for institutional inflows. Technically, Bitcoin has formed a consolidation pivot between $114,000 and $115,000, with Bollinger Bands continuing to narrow (standard deviation dropping to 3.2%) and the RSI hovering around 55. The repeated entanglement of short-term moving averages (e.g., EMA50) with the price reflects fierce tug-of-war between bulls and bears. Key support has shifted upward to the $113,600–$114,000 range (corresponding to the EMA250 and the August institutional accumulation cost zone). A breakout above the $117,000 neckline with strong volume would target $150,000 for the weekly inverted head-and-shoulders pattern. On-chain data shows exchange BTC balances dropping to 2.5 million (the lowest since 2018), with institutions accumulating over 30,000 BTC in the past two weeks. Combined with scaling expectations from Layer2 breakthroughs, Bitcoin maintains overall upward resilience. The market now focuses on tonight's Fed meeting minutes and U.S. tech earnings reports for liquidity expectations.🕵️ Operation suggestion:BitCoin 119950.9 Buy Target Price 122175.0
Calendar
- 19:00 (GMT+8): US MBA Mortgage Application Activity Index for the Week Ending August 8
- 22:30 (GMT+8): U.S. EIA Crude Oil Stocks Change for the Week Ending August 8
- 23:00 (GMT+8): US August IPSOS Primary Consumer Sentiment Index PCSI
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