Hot spot tracking
- The US ADP nonfarm payrolls increased by 38,000 in August, lower than expected. This news is bearish for the US dollar and bullish for the Nasdaq and the Japanese yen.
- The Reserve Bank of New Zealand raised interest rates by 25 basis points as expected, and indicated that the risk of needing further significant rate hikes had decreased. This news is bearish for the New Zealand dollar and bullish for the US dollar.
- The United States and Venezuela signed an agreement for an oil project. This news is bearish for crude oil.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.032% 1.1588 1.15871 GBP/USD ▼-0.213% 1.34853 1.34849 AUD/USD ▲0.349% 0.71686 0.71705 USD/JPY ▼-0.918% 158.705 158.68 GBP/CAD ▼-0.611% 1.86643 1.86579 NZD/CAD ▼-1.144% 0.80966 0.80961 📝 Review:Last night, US economic data exceeded market expectations, further postponing interest rate cut expectations. US Treasury yields rose across the board, and non-US currencies generally came under pressure and corrected, with funds continuing to flow into US dollar assets. Technically, after testing moving average support, the market quickly recovered lost ground. The 4-hour MACD remains above the zero line in a bullish formation, with a slight increase in the volume bars. The RSI has stabilized and risen without entering overbought territory. The pullback is considered a normal market correction, and the market is expected to maintain its strong short-term trend.🕵️ Operation suggestion:EUR/USD 1.15860 Sell Target Price 1.15712
USD/JPY 158.863 Buy Target Price 159.361
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▲1.319% 4387.96 4388.65 Silver ▲1.549% 65.286 65.405 📝 Review:Rising real interest rates continue to suppress gold prices, and waning safe-haven demand has led to a continuous exit of speculative long positions, resulting in a lack of new buying support for any gold price rebound. Technically, the rebound has repeatedly failed to break through resistance levels, with the 4-hour MACD histogram showing a shrinking red bar forming a death cross and diverging downwards, while the bearish green bars are gradually expanding. The RSI is also turning downwards, indicating significant overhead resistance and a short-term bearish bias.🕵️ Operation suggestion:Gold 4387.37 Sell Target Price 4287.20
Silver 65.306 Sell Target Price 63.779
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-0.174% 89.116 89.054 Brent Crude Oil ▼-0.006% 94.288 94.11 📝 Review:Increased certainty that oil-producing countries will implement production cuts, coupled with potential supply concerns stemming from geopolitical tensions, has led to a marginal recovery in refined product demand and expectations of declining inventories supporting oil prices. Technically, a pullback to key support levels saw significant buying support, with prices stabilizing above the medium-term moving average. The 4-hour MACD histogram is narrowing, indicating accumulating bullish momentum, and the RSI is recovering from its lows. The pullback has not disrupted the upward trend, suggesting a short-term bullish bias with some fluctuations.🕵️ Operation suggestion:WTI Crude Oil 89.101 Buy Target Price 90.558
Brent Crude Oil 94.145 Buy Target Price 95.575
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.270% 29143.45 29147.05 Dow Jones ▲0.617% 53095 53069.8 S&P 500 ▲0.485% 7670.15 7668.55 US Dollar Index ▼-0.110% 99.544 99.589 📝 Review:Rising US Treasury yields weighed on tech stock valuations, leading to profit-taking in AI-related stocks and a shift of market funds towards undervalued sectors, resulting in a decline in risk appetite. Technically, the index has been fluctuating at high levels with stagnant gains, and candlestick patterns frequently show upper shadows. The 4-hour MACD shows a continued bearish divergence with shrinking red bars, and the RSI has fallen from its highs, indicating weakening bullish momentum and a potential short-term correction.🕵️ Operation suggestion:Nasdaq 100 29104.450 Sell Target Price 28906.648
Dow Jones 53076.3 Sell Target Price 52673.4
Calendar
- 17:30 (GMT+8): US Challenger Job Cuts in August
- 20:30 (GMT+8): US Initial Jobless Claims for the Week Ending August 29
- 22:00 (GMT+8): US August ISM Non-Manufacturing PMI
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