Hot spot tracking
- Trump was dissatisfied with the employment data and ordered the dismissal of the head of the Bureau of Labor Statistics. This news is negative for the dollar.
- Trump ordered the deployment of two nuclear submarines to waters near Russia. This news is bullish for crude oil.
- U.S. July nonfarm payrolls were a huge disappointment, with significant downward revisions to the previous two months' data. This news is bearish for the U.S. dollar and U.S. stocks.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲1.32% 1.15683 1.15912 GBP/USD ▲0.44% 1.32607 1.32812 AUD/USD ▲0.47% 0.64564 0.64615 USD/JPY ▼-2.17% 147.431 147.211 GBP/CAD ▲0.08% 1.82949 1.82955 NZD/CAD ▼-0.08% 0.81511 0.81475 📝 Review:Last Friday, due to weak non-farm payroll data fueling a sharp rise in rate cut expectations, the U.S. dollar index plummeted, breaking below the 99 mark and ultimately closing down 1.363% at 98.67, marking its largest single-day drop in over four months. U.S. Treasury yields collectively plunged, with the benchmark 10-year yield closing at 4.225% and the 2-year yield at 3.698%.🕵️ Operation suggestion:USD/JPY 147.640 Sell Target Price 147.631
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▲2.03% 3357.1 3365.43 Silver ▲0.71% 36.96 37.025 📝 Review:Spot gold surged straight after the release of non-farm payroll data, rising more than $70, and finally closed up 2.21% at $3,362.88 per ounce, refreshing a one-week high and erasing all weekly losses; spot silver followed a similar trend but with a slightly smaller gain, closing up 0.76% at $37.05 per ounce.🕵️ Operation suggestion:Gold 3352.74 Buy Target Price 3402.68
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-3.22% 66.62 66.105 Brent Crude Oil ▼-3.25% 69.326 69.061 📝 Review:As the market worries about OPEC+'s production increase prospects and weaker-than-expected U.S. employment reports intensify demand concerns, international crude oil continues to decline. WTI crude oil fell continuously during the U.S. trading session, ultimately closing down 3.29% at $66.65 per barrel; Brent crude oil closed down 3.26% at $69.35 per barrel.🕵️ Operation suggestion:WTI Crude Oil 66.302 Sell Target Price 64.463
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-1.80% 22759.1 22755.35 Dow Jones ▼-1.23% 43571.2 43586.6 S&P 500 ▼-1.54% 6235.75 6236.55 US Dollar Index ▼-1.36% 98.39 98.39 📝 Review:The three major U.S. stock indices closed sharply lower, with the Dow down 1.23%, the S&P 500 down 1.6%, and the Nasdaq down 2.24%. The Nasdaq Golden Dragon China Index fell 1.82%, Alibaba (BABA.N) fell nearly 3%, Amazon (AMZN.O) fell more than 8%, losing over $200 billion in market value in a single day, Meta Platforms (META.O) fell more than 3%, and Apple (AAPL.O) and Nvidia (NVDA.O) fell more than 2%.🕵️ Operation suggestion:Nasdaq 100 22833.350 Sell Target Price 22624.990
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▲1.67% 114356.1 114356.9 Ethereum ▲2.99% 3492 3500.8 Dogecoin ▲4.09% 0.19821 0.19879 📝 Review:From last night to today, Bitcoin's volatility has intensified, influenced by U.S. stock market sentiment and Federal Reserve expectations. Bitcoin initially followed the U.S. stock market's intraday decline, briefly falling below a key support level under pressure, but later rebounded slightly as market sentiment improved. On the news front, the Fed's Powell struck a hawkish tone during the press conference, dampening expectations of a rate cut (the probability of a September rate cut dropped to 41%), leading to short-term selling pressure in both U.S. stocks and Bitcoin. However, better-than-expected earnings reports from Microsoft and Meta triggered a post-market rally in U.S. stocks, with the positive sentiment spilling over into the cryptocurrency market, helping Bitcoin stabilize and rebound in a volatile uptrend. From a technical perspective, the daily chart shows repeated oscillations around the $29,000 level, with the Bollinger Bands narrowing, indicating heightened volatility. The RSI briefly touched the oversold zone but did not continue downward, while short-term moving averages (e.g., the MA50) repeatedly intertwined, reflecting intense tug-of-war between bulls and bears. The key support zone lies between $28,800 and $28,600—a breakdown with heavy volume could trigger further corrections. However, on-chain capital activity and long-term holder positions remain stable (long-term holdings exceed 50%), coupled with spillover optimism from the AI industry chain, supporting Bitcoin's resilience amid fluctuations. The market remains focused on U.S. economic data and institutional movements for potential volatility impacts later in the day.🕵️ Operation suggestion:BitCoin 114785.5 Buy Target Price 116139.4
Calendar
- 22:00 (GMT+8): US June Durable Goods Orders MoM Revised
- 22:00 (GMT+8): U.S. June Factory Orders MoM
- 23:30 (GMT+8): US 6-month Treasury Bill Auction on August 4 - Total Amount
Bonus rebate to help investors grow in the trading world!
Or try Free Demo Trading