Hot spot tracking
- The UK and Japan increased their holdings of US Treasury bonds in July, while mainland China reduced its holdings. This news is negative for the US dollar.
- The Bank of England voted 7-2 to keep interest rates unchanged at 4% and reduced the pace of quantitative tightening from £100 billion to £70 billion. The bank's governor, Bailey, stated that he still expects further interest rate cuts. This news is negative for the US dollar.
- U.S. continuing jobless claims data had a major blunder, with one state's data underestimated by nearly 20,000 people. This news is negative for the U.S. dollar.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.25% 1.17857 1.17872 GBP/USD ▼-0.55% 1.35528 1.35551 AUD/USD ▼-0.62% 0.66114 0.66119 USD/JPY ▲0.72% 147.987 147.956 GBP/CAD ▼-0.36% 1.86923 1.86977 NZD/CAD ▼-1.24% 0.81121 0.81172 📝 Review:On Thursday, the number of initial jobless claims in the United States recorded the largest decline in nearly four years, reversing the sharp increase from the previous week (Note: Hours after the data release, it was reported that continuing claims data from North Carolina had been mistakenly and significantly underestimated by more than 19,000 people. A spokesperson for the Labor Department stated that the matter is still under investigation). The U.S. Dollar Index reclaimed the 97 mark, ultimately closing up 0.35% at 97.36. The benchmark 10-year U.S. Treasury yield closed at 4.1080%, while the 2-year U.S. Treasury yield, which is sensitive to the Federal Reserve's policy rate, closed at 3.5740%.🕵️ Operation suggestion:USD/JPY 148.067 Buy Target Price 149.137
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▼-0.41% 3644.39 3643.66 Silver ▲0.36% 41.801 41.807 📝 Review:Affected by the bearish initial jobless claims data, spot gold plunged by more than 40 dollars at most, eventually closing down 0.41% at 3643.75 dollars per ounce; spot silver rebounded after falling, almost recovering its losses, and finally closed up 0.35% at 41.79 dollars per ounce.🕵️ Operation suggestion:Gold 3637.97 Buy Target Price 3700.78
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-0.51% 63.289 63.27 Brent Crude Oil ▼-0.64% 67.083 67.075 📝 Review:Due to concerns about oversupply and weak fuel demand in the United States, the world's largest oil consumer, international crude oil extended its decline on Wednesday. WTI crude oil finally closed down 1.03% at $63.30 per barrel; Brent crude oil finally closed down 0.6% at $67.51 per barrel.🕵️ Operation suggestion:WTI Crude Oil 63.178 Buy Target Price 64.255
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.67% 24444.05 24494.35 Dow Jones ▲0.15% 46152.9 46247.4 S&P 500 ▲0.30% 6631.95 6644.95 US Dollar Index ▲0.42% 97.13 97.13 📝 Review:The Dow Jones Industrial Average rose 0.27%, the S&P 500 rose 0.48%, and the Nasdaq rose 0.94%, all hitting record closing highs. Intel (INTC.O) rose 22.7%, Nvidia (NVDA.O) rose more than 3%, and Tesla (TSLA.O) fell 2%. The Nasdaq Golden Dragon China Index fell 1.79%, Alibaba (BABA.N) fell more than 2%, and NetEase (NTES.O) fell 4%.🕵️ Operation suggestion:Nasdaq 100 24468.650 Buy Target Price 24566.400
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▲1.28% 117458.6 117236.7 Ethereum ▲1.67% 4602.6 4592.5 Dogecoin ▲2.35% 0.27901 0.27906 📝 Review:Bitcoin oscillated upward from last night to today, supported by the Fed's 25 basis point rate cut and expectations of two more cuts within the year, with the price breaking through $117,000 and reaching a high of $117,921 (a 1.4% increase in 24 hours). On the news front, Bitcoin ETFs saw net inflows hit a new high since July last week, with BlackRock's stable holdings providing resilience, and the rise in U.S. tech stocks driving a recovery in risk sentiment. Technically, the 4-hour Bollinger Bands are opening upward, the RSI is nearing the overbought zone indicating slowing momentum, and the MACD red bars are shortening. Key support is at $116,500, resistance is eyed at $118,000, and caution is needed against the risk of a pullback after policy implementation, with the market focusing on liquidity changes.🕵️ Operation suggestion:BitCoin 117167.5 Buy Target Price 119333.6
Calendar
- 15:00 (GMT+8): Germany August PPI Year-on-Year
- 18:00 (GMT+8): UK September CBI Retail Sales Difference
- 22:30 (GMT+8): Canada July Retail Sales MoM
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