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Hot spot tracking

  • The US PCE data for July was basically in line with expectations. The core PCE annual rate was 2.6%, higher than the expected 2.7% and equal to the previous value; the core PCE monthly rate was in line with expectations. US President Biden said that the PCE report showed progress, but prices were still too high. The final value of the US one-year inflation rate forecast for August was 2.8%, the lowest level since 2020. Because the lower the inflation, the greater the probability and scale of interest rate cuts, which is bearish for the US dollar.
  • OPEC+ is likely to gradually increase oil production as planned starting in October, according to six OPEC+ sources. Bearish for crude oil prices.
  • Large-scale demonstrations broke out in Israel calling for a ceasefire. According to a report on the Israeli newspaper New News on the evening of the 1st, a total of 700,000 people participated in the demonstrations across the country that day, including 550,000 in Tel Aviv. The people's demonstrations can effectively reduce the expansion of the war, which is bearish for gold and crude oil.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD ▼-0.23% 1.10523 1.10483
    GBP/USD ▼-0.28% 1.31317 1.31308
    AUD/USD ▼-0.45% 0.67697 0.67678
    USD/JPY ▲0.80% 146.182 146.117
    GBP/CAD ▼-0.31% 1.76962 1.76989
    NZD/CAD ▼-0.29% 0.84209 0.84236
    📝 Review:Last Friday, the US dollar index rose slightly by 0.36% to 101.73, as the US PCE data did not support the Federal Reserve's large-scale interest rate cut of 50 basis points. The benchmark 10-year US Treasury yield closed at 3.9080%. The two-year US Treasury yield finally closed at 3.9230%.
    🕵️ Operation suggestion:

    USD/JPY 146.310  Sell  Target Price  143.471

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold ▼-0.76% 2502.33 2502.49
    Silver ▼-1.87% 28.84 28.874
    📝 Review:Spot gold barely held the 2,500 mark, and finally closed down 0.70% at $2,502.98 per ounce. The reason was that the Fed's interest rate cut was less than expected, the US dollar index strengthened, and investors took profits. Spot silver finally closed down 1.98% at $28.86 per ounce.
    🕵️ Operation suggestion:

    Gold 2503.09  Buy  Target Price  2527.16

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil ▼-3.15% 73.083 73.065
    Brent Crude Oil ▼-2.57% 76.823 76.16
    📝 Review:International oil prices plunged as investors expected OPEC+ to increase supply from October and strong U.S. consumer spending dampened expectations of a sharp interest rate cut in September. WTI crude oil eventually closed down 3.11% at $73.59 per barrel, while Brent crude oil eventually closed down 2.23% at $76.99 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 72.687  Sell  Target Price  71.388

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 ▲0.90% 19552.11 19554.05
    Dow Jones ▲0.41% 41536.2 41550.9
    S&P 500 ▲0.79% 5644.65 5645.85
    ▼0.00% 17559.3 17559.3
    US Dollar Index ▲0.32% 101.47 101.52
    📝 Review:The three major U.S. stock indexes closed up collectively, with the Dow Jones Industrial Average up 0.55%, the S&P 500 up 1%, and the Nasdaq up 1.13%. Most of the star technology stocks closed up, with Intel (INTC.O) up more than 9%, Tesla (TSLA.O) up 3.8%, Nvidia (NVDA.O) up 1.5%, and Apple (AAPL.O) down 0.3%. The Nasdaq China Golden Dragon Index closed up 1.2%, Alibaba (BABA.N) up 2.8%, and JD.com (JD.O) up 2.3%.
    🕵️ Operation suggestion:

    Nasdaq 100 19547.680  Sell  Target Price  19096.764

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin ▼-1.06% 58381.4 58332.3
    Ethereum ▼-0.55% 2501.1 2483.6
    Dogecoin ▼-2.38% 0.09868 0.098
    📝 Review:Throughout history, Bitcoin's performance in the summer seems to be always calm. Entering September, the market tends to experience a mild adjustment period with an average decline of 4%, but as investor sentiment cools, the market also begins to look for opportunities to rebound. However, the real recovery often kicks off in the fall.
    🕵️ Operation suggestion:

    BitCoin 57519.5  Sell  Target Price  54647.7

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