Hot spot tracking

  • The US ISM manufacturing PMI in August was 47.2, lower than the expected 47.5 and higher than the previous value of 46.8; the US ISM manufacturing new orders index fell to the lowest level since May 2023. Both PMIs and July construction spending data were lower than expected, and the market rekindled concerns about economic slowdown. Bearish for the US economy and the US dollar.
  • It is reported that the US Department of Justice has issued subpoenas to Nvidia and other companies to seek evidence that Nvidia has violated antitrust laws. Bearish for Nvidia stock.
  • Libya's central bank governor who fled to Turkey said that Libyan factions are close to reaching an agreement. The country's oil production of more than 500,000 barrels per day is expected to be restored. This is bearish for crude oil prices.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD -0.25% 1.1043 1.10452
    GBP/USD -0.23% 1.31145 1.31117
    AUD/USD -1.14% 0.6714 0.67143
    USD/JPY -0.97% 145.469 145.444
    GBP/CAD 0.20% 1.77686 1.77573
    NZD/CAD -0.32% 0.83817 0.83792
    📝 Review:On Tuesday, the dollar index's gains were limited by the slightly lower-than-expected ISM manufacturing PMI for August. It closed up 0.10% at 101.73. The benchmark 10-year Treasury yield closed at 3.8360%; the two-year Treasury yield finally closed at 3.8730%.
    🕵️ Operation suggestion:

    USD/JPY 145.303  Sell  Target Price  143.598

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold -0.27% 2492.91 2493.13
    Silver -1.73% 28.031 28.026
    📝 Review:Spot gold fell for three consecutive days. After a brief failure to hit 2,500 in the European session, it approached 2,470 US dollars, and then narrowed its losses due to weak US economic data. It finally closed down 0.26% at 2,492.60 US dollars per ounce. Spot silver finally closed down 1.68% at 28.05 US dollars per ounce.
    🕵️ Operation suggestion:

    Gold 2493.08  Sell  Target Price  2475.59

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil -5.08% 69.75 69.798
    Brent Crude Oil -4.72% 73.474 73.537
    📝 Review:There are signs that the disruption to Libyan oil supply is expected to end. International oil prices plummeted, dragged down by weak summer driving demand in the US. WTI crude oil closed down 5.25% at $70.13 per barrel; Brent crude oil finally closed down 4.63% at $73.69 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 69.628  Sell  Target Price  68.349

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 -3.24% 18972.82 18938.12
    Dow Jones -1.37% 40945.1 40933
    S&P 500 -2.09% 5531.25 5523.85
    0.00% 17559.3 17559.3
    US Dollar Index 0.15% 101.61 101.5
    📝 Review:The first trading day of September in the US stock market was a "black start", with the Dow Jones Industrial Average closing down 1.5%, the S&P 500 down 2.1%, the Nasdaq down 3.2%, and the VIX index up 32%. The Philadelphia Semiconductor Index fell 7.7%, Nvidia (NVDA.O) fell 9.5%, and Intel (INTC.O) fell nearly 9%. Apple (AAPL.O) fell 2.7%. The Nasdaq China Golden Dragon Index closed down 0.86%, Xpeng Motors (XPEV.N) rose 4%, and Alibaba (BABA.N) fell 1%.
    🕵️ Operation suggestion:

    Nasdaq 100 18907.870  Sell  Target Price  18575.520

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin -1.45% 58154.5 58105.3
    Ethereum -3.24% 2460.3 2462.6
    Dogecoin -0.96% 0.09781 0.09766
    📝 Review:Bitcoin currently appears to be constructing a Cup with Handle Pattern, a chart pattern widely considered in technical analysis to foreshadow future price increases. If BTC’s “inverse head and shoulders” pattern is confirmed and breaks above key resistance levels, this could trigger a price rally that could potentially reach the $100,000 milestone in the last quarter of 2024.
    🕵️ Operation suggestion:

    BitCoin 57766.4  Sell  Target Price  56076.0

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