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Hot spot tracking
- As of last week, bets on a 50 basis point rate cut by the Federal Reserve in September fell back to 25% last week. In addition, the preliminary reading of the University of Michigan Consumer Confidence Index for August was 67.8, slightly exceeding the expected 66.9, the first increase in five months; the initial reading of the one-year inflation rate remained unchanged at 2.9% as expected.
- Middle East situation-Blinken visited Israel for the ninth time in a year. Gaza ceasefire negotiations are scheduled to resume on August 21. Biden said Israel and Kazakhstan are "getting closer" to a ceasefire agreement; the Israeli army said Hezbollah fired 55 rockets at northern communities, and there were no casualties in the attack. The situation in the Middle East is related to the trend of gold and crude oil.
- Hedge funds turned net long on the yen for the first time since 2021. Bullish for the yen.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.47% 1.1024 1.10257 GBP/USD ▲0.70% 1.29443 1.29428 AUD/USD ▲0.87% 0.66719 0.66701 USD/JPY ▼-1.07% 147.698 147.681 GBP/CAD ▲0.40% 1.77115 1.76998 NZD/CAD ▲0.73% 0.82796 0.82746 📝 Review:Last Friday, the US dollar index continued to fall, and finally closed down 0.636% at 102.4. The weekly line recorded three consecutive declines, the longest decline since March. U.S. Treasury yields fell across the board, with the benchmark 10-year Treasury yield closing at 3.885%; the two-year Treasury yield barely held the 4% mark, and finally closed at 4.06%.🕵️ Operation suggestion:USD/JPY 147.910 Sell Target Price 146.141
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲2.10% 2507.83 2508.79 Silver ▲2.19% 28.948 28.984 📝 Review:Boosted by the weakening of the US dollar and the expectation of an imminent rate cut by the Federal Reserve, spot gold broke through $2,500/ounce, setting a new record high. It finally closed up 2.08% at $2,507.7/ounce. Spot silver finally closed up 2.31% at $29.02/ounce.🕵️ Operation suggestion:Gold 2503.32 Buy Target Price 2518.73
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-1.71% 75.568 75.335 Brent Crude Oil ▼-1.43% 79.23 78.776 📝 Review:International oil prices gave up some of their risk premium as Iran hinted at holding off on retaliation against Israel during the Gaza ceasefire negotiations. WTI crude oil once fell below the 75 mark during the session and eventually closed down 1.92% at $75.41 per barrel; Brent crude oil eventually closed down 1.66% at $79.07 per barrel.🕵️ Operation suggestion:WTI Crude Oil 75.248 Sell Target Price 74.462
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.12% 19512.6 19538.45 Dow Jones ▲0.14% 40663.4 40691.4 S&P 500 ▲0.13% 5554.75 5561.15 ▼0.00% 17559.3 17559.3 US Dollar Index ▼-0.58% 102.2 102.13 📝 Review:The three major U.S. stock indices closed higher, with the Dow Jones Industrial Average up 0.24% or 96 points, the S&P 500 up 0.2%, and the Nasdaq up 0.21%. The Nasdaq Golden Dragon China Index closed up 1.9%, with JD.com (JD.O) up more than 8%, Alibaba (BABA.N) up 4.5%, and Li Auto (LI.O) up nearly 7%.🕵️ Operation suggestion:Nasdaq 100 19576.450 Buy Target Price 19914.676
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.86% 59821.2 59438 Ethereum ▲2.23% 2666.5 2643.4 Dogecoin ▼-0.27% 0.10226 0.10112 📝 Review:From the overall market trend, the Bitcoin market shows a fierce game between long and short parties. As of the current trading session, the price of Bitcoin is still below $59,800. Bitcoin has twice dropped to $57,610, but has not fallen below it. This phenomenon has important indicative significance for the subsequent market trend.🕵️ Operation suggestion:BitCoin 58353.8 Sell Target Price 57105.7
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