Hot spot tracking
- India plans to reduce the goods and services tax on approximately 175 items. This news is negative for the rupee.
- Trump may announce a national housing emergency this fall, and the plan may include exemptions for building materials. It is confident that the Supreme Court will support Trump's tariff policy. This news is bullish for real estate.
- Oil traders expect OPEC+ to maintain production levels unchanged at the weekend meeting. This news is bullish for crude oil.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.19% 1.17107 1.17081 GBP/USD ▲0.31% 1.35456 1.35432 AUD/USD ▲0.22% 0.65529 0.65526 USD/JPY ▲0.10% 147.17 147.169 GBP/CAD ▲0.43% 1.86206 1.86086 NZD/CAD ▲0.20% 0.81146 0.81108 📝 Review:On Monday, the US dollar index came under pressure and fell, ultimately closing down 0.17% at 97.68, as market bets on Fed rate cuts heated up and concerns about its independence intensified.🕵️ Operation suggestion:USD/JPY 147.256 Buy Target Price 148.156
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▲0.85% 3476.52 3476.37 Silver ▲2.39% 40.71 40.707 📝 Review:Spot gold rose for the fifth consecutive trading day, approaching the $3,490 mark during the session, hitting a new high since April 22, and finally closed up 0.82% at $3,476.39 per ounce; spot silver surged even more, breaking through the $40 mark for the first time since September 2011, and finally closed up 2.36% at $40.68 per ounce.🕵️ Operation suggestion:Gold 3481.87 Buy Target Price 3503.00
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲1.01% 64.368 64.395 Brent Crude Oil ▲1.07% 68.014 68.023 📝 Review:As the Russia-Ukraine situation tightens again, traders are closely watching Russia's energy supply, and international crude oil prices are rising. WTI crude oil broke through the $65 mark in late trading, eventually closing up 2.24% at $65.08 per barrel; Brent crude oil finally closed up 1.04% at $68.03 per barrel.🕵️ Operation suggestion:WTI Crude Oil 64.483 Buy Target Price 65.300
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.10% 23452.6 23433.95 Dow Jones ▼-0.06% 45576.3 45550.7 S&P 500 ▲0.04% 6470.85 6465.35 US Dollar Index ▼-0.16% 97.4 97.39 📝 Review:Due to the US Labor Day holiday, the US stock market will be closed for one day on September 1.🕵️ Operation suggestion:Nasdaq 100 23395.950 Sell Target Price 23217.635
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-0.15% 108814.9 107738.3 Ethereum ▼-4.05% 4286.8 4259.4 Dogecoin ▼-3.99% 0.20864 0.20602 📝 Review:From an overall trend perspective, Bitcoin's battle between bulls and bears has reached a stalemate. As of the time of writing, its price is trading below 109,500 points. The current daily chart continues its downward trend, with a T8 signal already appearing. However, no daily bottom divergence pattern has formed yet, and there are no clear signs of a halt in the decline. If tomorrow's 30-minute or 4-hour level pullback does not break below today's low, and the 144-day moving average on the daily chart can provide effective support, there is a high probability of triggering a strong daily-level rebound. Personal view: Currently, it is not advisable to rush into buying Bitcoin at the bottom with a bullish outlook. The subsequent market trend may show a divergence pattern of "Bitcoin rebounding while Ethereum declines," leading to a rapid decline in Ethereum's exchange rate against Bitcoin (ETH/BTC). Therefore, close attention should be paid to the synchronization effect between the two.🕵️ Operation suggestion:BitCoin 109049.4 Sell Target Price 106547.8
Calendar
- 17:00 (GMT+8): Eurozone August CPI Year-over-Year
- 21:45(GMT+8): US August SPGI Manufacturing PMI Final
- 22:00 (GMT+8): US August ISM Manufacturing PMI
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