Hot spot tracking
- Mexico and Canada counter Trump's tariff policy. Mexico's president said he would announce countermeasures against U.S. tariffs at 12 p.m. on the 9th. The Canadian president also said immediately that 155B Canadian dollars (about 107B USD) of U.S. goods to impose a tariff of 25%. This news is negative for the US dollar.
- Due to the uncertainty of the economic and trade outlook, the interest rate futures market is fully priced for three rate cuts by the Federal Reserve Board in 2025, with a more than 50% chance of a rate cut in May. This news is negative for the US dollar.
- The Bank of Canada is expected to have a 95% chance of cutting interest rates this month, and this news is bearish for the Canadian dollar.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲1.31% 1.06258 1.06196 GBP/USD ▲0.72% 1.27946 1.27896 AUD/USD ▲0.84% 0.62748 0.62714 USD/JPY ▲0.15% 149.797 149.748 GBP/CAD ▲0.06% 1.84119 1.84029 NZD/CAD ▲0.19% 0.81511 0.81458 📝 Review:On Tuesday, the US Dollar Index continued its downward movement and fell near the 105 handles, eventually closing down 0.93% at 105.56.🕵️ Operation suggestion:USD/JPY 149.713 Sell Target Price 148.233
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▲0.88% 2917.74 2917.79 Silver ▲0.93% 31.958 31.955 📝 Review:Against the backdrop of escalating trade conflicts after U.S. President Trump imposed new tariffs, spot gold continued to rebound and once surged to $2,920, eventually closing 0.83% higher at $2,917.64/ ounce.🕵️ Operation suggestion:Gold 2915.76 Buy Target Price 2931.27
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-0.62% 67.817 67.786 Brent Crude Oil ▼-0.50% 71.02 70.992 📝 Review:The two oils continued their downward trend as OPEC+ confirmed production increase in April and Trump's tariff policy will have an impact on crude oil demand. WTI crude oil continued to sink during the day and once fell to an intraday low of $66.53, finally closing down 0.67% at $67.78/bbl.🕵️ Operation suggestion:WTI Crude Oil 67.633 Sell Target Price 66.870
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-0.31% 20436.35 20543.7 Dow Jones ▼-1.41% 42666 42798.4 S&P 500 ▼-1.16% 5799.35 5824.95 US Dollar Index ▼-0.74% 105.49 105.48 📝 Review:U.S. stocks closed down 1.55% on the Dow, 1.22% on the S&P 500, and 0.35% on the Nasdaq. NVIDIA (NVDA.O) gained 1.6%, Tesla lost 4.4%, Intel (INTC.O) fell more than 6%, and Apple (AAPL.O) lost nearly 1%.🕵️ Operation suggestion:Nasdaq 100 20533.250 Sell Target Price 20050.840
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▲1.01% 87455 87414.5 Ethereum ▲0.55% 2175.7 2163.9 Dogecoin ▼-0.41% 0.19863 0.19798 📝 Review:The overall trend of Bitcoin shows a clear long advantage. As of the close of trading, Bitcoin price is still below 84,000. Last night, Bitcoin pushed back to the 233 SMA on the 30-minute chart, but failed to gain support and fell below the SMA. The market then fell further below 83,000 during the day, while Ether also fell below its daily low, resulting in a double dip, which is a very extreme performance indeed. Meanwhile, Bitcoin has yet to form a 4-hour level bottom. If a bottom is not formed in the evening session, it will be difficult for Bitcoin to rebound. My personal view is that Bitcoin has experienced a waterfall decline after a strong uptrend, and this sharp volatility has made it extremely difficult to operate on a short-term basis. The situation between the bulls and the shorts is still unclear, so we suggest looking at the current market from the perspective of a "severe volatility". Ether may have a chance to rebound from its downturn, but Bitcoin may need to wait patiently for the structure to form further.🕵️ Operation suggestion:BitCoin 87320.1 Sell Target Price 82388.6
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