Hot spot tracking
- The Chicago Business Activity Index in the U.S. edged down to 40.4 in June from 40.5 in May, below the expected 43.0, marking the lowest level since January, indicating that economic activity has contracted for 19 consecutive months; the Dallas Fed Business Activity Index contracted for the fifth consecutive month. This news is bearish for the dollar.
- Trump: Due to low oil prices, it is expected that (Ukraine) will be able to reach a ceasefire agreement with Russia. This news is bearish for crude oil.
- Fed's Bostic: I still expect one rate cut this year. Three rate cuts are expected next year, and there is no need to raise interest rates to deal with inflation; Goldman Sachs has moved forward its forecast for Fed rate cuts to September. This news is bearish for the dollar.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.49% 1.17874 1.17819 GBP/USD ▲0.09% 1.37307 1.37313 AUD/USD ▲0.64% 0.65793 0.65787 USD/JPY ▼-0.29% 144.047 144.024 GBP/CAD ▼-0.41% 1.86864 1.86745 NZD/CAD ▲0.03% 0.8294 0.8289 📝 Review:On Monday, the U.S. dollar index fluctuated downward during the day, falling below the 97 mark and ultimately closing down 0.49% at 96.77. Notably, the dollar index has now fallen for the sixth consecutive month, marking its largest first-half decline since the early 1970s; the benchmark 10-year U.S. Treasury yield closed at 4.228%, while the 2-year yield closed at 3.723%.🕵️ Operation suggestion:USD/JPY 143.648 Sell Target Price 143.185
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▲0.90% 3302.95 3303.46 Silver ▲0.39% 36.09 36.086 📝 Review:Spot gold rebounded with the help of a weaker dollar, reclaiming the $3,300 mark and ultimately closing up 0.88% at $3,302.21 per ounce; spot silver finally closed up 0.31% at $36.08 per ounce.🕵️ Operation suggestion:Gold 3310.34 Buy Target Price 3346.79
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-0.01% 64.408 64.402 Brent Crude Oil ▲0.62% 66.462 66.449 📝 Review:As investors weighed the easing of Middle East risks and the potential increase in OPEC+ production in August, the two oils showed mixed performance. WTI crude oil rose first and then fell, briefly surpassing $65 during the session, but later erased all intraday gains and turned negative, ultimately closing down 0.16% at $64.31 per barrel; Brent crude oil closed up 0.19% at $66.38 per barrel.🕵️ Operation suggestion:WTI Crude Oil 64.327 Sell Target Price 62.207
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.40% 22645.85 22661.5 Dow Jones ▲0.22% 44041.2 44059 S&P 500 ▲0.31% 6195.15 6198.95 US Dollar Index ▼-0.45% 96.49 96.47 📝 Review:The three major U.S. stock indexes all rose, with the Dow Jones up 0.63%, the S&P 500 up 0.52%, and the Nasdaq up 0.47%, with the latter two both hitting record closing highs. Tesla (TSLA.O) fell 1.8%, Apple (AAPL.O) rose 2%, while Microsoft (MSFT.O), Meta (META.O), and Netflix (NFLX.O) all hit intraday record highs and closed with gains of less than 1%. The Nasdaq Golden Dragon China Index closed down 0.49%, with KE Holdings (BEKE.N) dropping over 4%.🕵️ Operation suggestion:Nasdaq 100 22673.850 Buy Target Price 22901.324
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.03% 107515.4 107068.3 Ethereum ▲2.97% 2501.1 2485.5 Dogecoin ▲1.41% 0.16636 0.16518 📝 Review:From a technical analysis perspective, Bitcoin currently maintains a slight advantage in bullish momentum, with its price trading below the 108,000 level. Ethereum's rebound momentum today is more pronounced compared to Bitcoin, but the overall trend rhythm of both remains largely synchronized. Specifically, Bitcoin is testing the support validity of the 233 moving average on the 30-minute timeframe. If this level is breached, the market may continue to experience a deeper pullback. Although Ethereum appears stronger, it is also facing a test near the 233 moving average on the 5-minute timeframe—Bitcoin has already fallen below this moving average, indicating that the current rebound is not a valid breakout and may instead be a sign of a bull trap. In my personal view, although both Bitcoin and Ethereum show a rebound today, the overall market remains in a consolidation phase. Short-term traders should be wary of daily-level downside risks or sudden large fluctuations. It is advisable to closely monitor the breakout of key moving averages across different timeframes, avoid blindly chasing rallies, and wait for clear trend signals before making decisions.🕵️ Operation suggestion:BitCoin 107070.6 Sell Target Price 106225.8
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