Hot spot tracking
- Non-Farm Payrolls (NFP)U.S. February non-farm payrolls added 151,000 jobs, slightly below market expectations. The unemployment rate rose to 4.1%, the highest since November 2024. Post-data release, traders no longer bet on a Fed rate cut in May, now expecting the first cut in June. Markets still anticipate ~75bps of rate cuts in 2024. Short-term bullish, long-term bearish for USD.
- U.S. Trade PolicyTrump lowered tariffs on potassium fertilizers imported from Canada and Mexico from 25% to 10%. Bullish for USD.
- Crude OilSaudi Arabia cut April oil prices to Asia by $0.40/barrel.U.S. Energy Secretary: Plans to seek $20 billion to refill the Strategic Petroleum Reserve (SPR).Russia’s Deputy PM Novak: OPEC+ may adjust production increases after April if market imbalances emerge. Bearish for oil.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.52% 1.08468 1.08402 GBP/USD ▲0.34% 1.29242 1.29184 AUD/USD ▼-0.36% 0.63122 0.63089 USD/JPY ▼-0.01% 147.95 147.665 GBP/CAD ▲0.91% 1.85709 1.85645 NZD/CAD ▲0.14% 0.82062 0.82088 📝 Review:The weaker NFP data reinforced expectations of multiple Fed rate cuts in 2024, pushing the USD index to a four-month low. However, Powell’s caution about premature easing triggered a partial rebound. The USD closed down 0.298% at 103.89, its worst weekly drop since November 2022.🕵️ Operation suggestion:USD/JPY 147.358 Sell Target Price 146.760
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▼-0.05% 2909.55 2911.45 Silver ▼-0.53% 32.468 32.54 📝 Review:Safe-haven inflows and softer NFP data lifted gold, which closed the week up 0.03% at🕵️ Operation suggestion:Gold 2914.43 Buy Target Price 2941.41
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲1.14% 66.791 66.865 Brent Crude Oil ▲1.23% 70.11 69.943 📝 Review:Oil prices whipsawed on conflicting headlines. U.S. SPR refill plans and potential sanctions on Russia briefly lifted WTI by 2%, but Putin’s conditional ceasefire talks triggered a retreat.🕵️ Operation suggestion:WTI Crude Oil 66.457 Sell Target Price 65.040
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.24% 20185.1 20042.25 Dow Jones ▲0.43% 42790.9 42556.5 S&P 500 ▲0.24% 5767.35 5731.45 US Dollar Index ▼-0.65% 103.31 103.68 📝 Review:The S&P 500 posted its worst weekly loss since September 2024, down 3.1% for the week. Tesla (TSLA) fell 0.3%, extending its losing streak to seven weeks. Nvidia (NVDA) rose 1.92% but lost nearly 10% weekly.🕵️ Operation suggestion:Nasdaq 100 19984.750 Sell Target Price 19725.550
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-1.82% 81782.6 81782.6 Ethereum ▼-4.23% 2022.3 2021.6 Dogecoin ▼-7.10% 0.16824 0.16825 📝 Review:Bitcoin faces bearish pressure near the 233-day moving average (~89,500).Keylevels:resistanceat93,000 and support at $82,000. Tonight’s NFP data and a crypto summit may trigger volatility, but a clear trend is unlikely.🕵️ Operation suggestion:BitCoin 80555.8 Sell Target Price 78284.0
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