Hot spot tracking
- The unadjusted annual CPI rate for August in the U.S. recorded 2.9%, the highest since January. The seasonally adjusted monthly CPI rate for August recorded 0.4%, the highest since January. This news is bearish for the U.S. dollar.
- US initial jobless claims for the week ending September 6 recorded 263,000, surging to a nearly four-year high. Traders have fully priced in three Fed rate cuts by the end of 2025. This news is negative for the US dollar.
- US Commerce Secretary Lutnick: If India stops buying Russian oil, the US and India will reach a trade agreement. This news is bullish for crude oil.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.31% 1.17356 1.17342 GBP/USD ▲0.32% 1.3573 1.35719 AUD/USD ▲0.74% 0.66599 0.66586 USD/JPY ▼-0.11% 147.215 147.181 GBP/CAD ▲0.17% 1.87694 1.87647 NZD/CAD ▲0.44% 0.82648 0.82625 📝 Review:On Thursday, slightly hotter-than-expected US August inflation data and weaker-than-expected initial jobless claims data strengthened expectations for a Fed rate cut. The US dollar index fell in response, closing down 0.31% at 97.50. US Treasury yields broadly declined, with the benchmark 10-year yield closing at 4.0260% and the policy-sensitive 2-year yield ending at 3.5520%.🕵️ Operation suggestion:USD/JPY 147.228 Sell Target Price 146.547
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▼-0.23% 3633.99 3633.71 Silver ▲0.98% 41.535 41.535 📝 Review:Spot gold narrowed its losses as weak U.S. employment data outweighed market concerns about stronger inflation data, remaining near historical highs and ultimately closing down 0.21% at $3,633.46 per ounce; spot silver saw a larger rebound, closing up 0.93% at $41.50 per ounce.🕵️ Operation suggestion:Gold 3632.05 Buy Target Price 3670.05
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-2.33% 62.014 61.999 Brent Crude Oil ▼-1.97% 66.057 66.044 📝 Review:Due to concerns over weak U.S. demand and the risk of widespread oversupply, international crude oil retreated. WTI crude oil ultimately fell sharply by 2.37%, settling at $62.23 per barrel; Brent crude oil ultimately closed down 1.88%, at $66.32 per barrel.🕵️ Operation suggestion:WTI Crude Oil 61.794 Buy Target Price 60.651
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.56% 23977.45 23986 Dow Jones ▲1.34% 46107.7 46124.1 S&P 500 ▲0.79% 6585.05 6587.35 US Dollar Index ▼-0.25% 97.32 97.32 📝 Review:The Dow Jones Industrial Average closed up 1.36%, the S&P 500 rose 0.85%, and the Nasdaq gained 0.72%, all hitting record closing highs. Tesla (TSLA.O) rose 6%, Oracle (ORCL.N) fell more than 6%, and Figure closed up 24% on its first day of trading. The Nasdaq Golden Dragon China Index closed up 2.89%, with Alibaba (BABA.N) rising 7.98%, JD.com (JD.O) up 3%, and Baidu (BIDU.O) gaining nearly 4%.🕵️ Operation suggestion:Nasdaq 100 23997.450 Buy Target Price 24097.746
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.49% 114333.5 114420.2 Ethereum ▲1.54% 4414.7 4427 Dogecoin ▲2.68% 0.24983 0.25222 📝 Review:From last night to today, Bitcoin has been oscillating in the range of $112,300 to $114,300, with a slight increase over 24 hours. It once fell below the support level but then rose to the resistance level of $114,300. However, the trading volume was insufficient, resulting in a volume-price divergence. On the news front, the probability of a 25 basis point rate cut by the Fed in September is 89.1%, providing support. However, the U.S. spot Bitcoin ETF saw a net outflow of $43 million. Nonetheless, BlackRock's holdings of 754,000 coins, with a market value exceeding $85 billion, demonstrate long-term resilience. Technically, the daily moving averages show a golden cross, but the 2-hour MACD indicates a top divergence. The RSI is neutral, and the Bollinger Bands are contracting. Support is at $112,300, and resistance is at $114,300. Given the seasonal weakness in September, it is crucial to monitor the breakthrough of key levels.🕵️ Operation suggestion:BitCoin 115806.8 Buy Target Price 117585.4
Calendar
- 18:30 (GMT+8): India August CPI Year-on-Year
- 20:30 (GMT+8): Canada Building Permits MoM for July
- 22:00 (GMT+8): US September Michigan Consumer Sentiment Index Preliminary
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