The U.S. dollar index and U.S. Treasury yields rebounded at the same time; gold fell by more than 1%!
Abstract：The initial value of the US S&P Global Manufacturing PMI in August was 48, which was lower than expected and the lowest in 8 months; the service PMI was 55.2, which exceeded the expected 54. The number of initial jobless claims in the week ending August 17 was 232,000, slightly higher than expected, and the previous value was revised from 227,000 to 228,000. Existing home sales in July increased for the first time in five months. The PMI data was lower than expected, which was bad for the US eco
Hot spot tracking
The initial value of the US S&P Global Manufacturing PMI in August was 48, which was lower than expected and the lowest in 8 months; the service PMI was 55.2, which exceeded the expected 54. The number of initial jobless claims in the week ending August 17 was 232,000, slightly higher than expected, and the previous value was revised from 227,000 to 228,000. Existing home sales in July increased for the first time in five months. The PMI data was lower than expected, which was bad for the US economy and the US dollar.
ECB meeting minutes: Overall inflation is expected to fluctuate around current levels this year. The September meeting is widely seen as a good time to reassess the level of monetary policy restrictions. The general direction of Europe is to focus on quantitative easing monetary policy, and the euro is still bearish in the long run.
Middle East situation-Blinken proposed that Egypt join the peacekeeping force in the Philadelphia corridor; Netanyahu denied reports that he was considering deploying international forces there. The situation in the Middle East boosted crude oil prices.
Product Hot Comment
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.33% 1.11108 1.11112 GBP/USD ▼-0.01% 1.30911 1.30902 AUD/USD ▼-0.56% 0.67077 0.67061 USD/JPY ▲0.78% 146.303 146.262 GBP/CAD ▲0.17% 1.78205 1.78185 NZD/CAD ▼-0.10% 0.83574 0.83555 📝 Review:On Thursday, the dollar index broke away from its lows for the year and extended its gains during the release of U.S. PMI and existing home sales data. It finally closed up 0.338% at 101.52. U.S. Treasury yields rebounded collectively, with the benchmark 10-year Treasury yield closing at 3.857%; the two-year Treasury yield regained the 4% mark and finally closed at 4.016%.
🕵️ Operation suggestion:
USD/JPY 146.153 Sell Target Price 144.298
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▼-1.09% 2484.71 2484.76 Silver ▼-2.07% 28.965 28.968 📝 Review:As Powell was about to deliver a major speech, the rebound of the US dollar and US bond yields put pressure on spot gold to fall. It once approached the 2470 mark during the session, and finally closed down 1.1% at $2484.8/ounce, the largest single-day drop since the beginning of the month. Spot silver fell below the 29 mark and finally closed down 2.1% at $28.98/ounce.
🕵️ Operation suggestion:
Gold 2490.24 Sell Target Price 2449.80
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲1.35% 72.779 72.788 Brent Crude Oil ▲1.25% 76.578 76.575 📝 Review:With the Federal Reserve looming to cut interest rates and hopes of reaching a ceasefire agreement in Gaza dwindling. International oil prices recovered after being oversold. WTI crude oil finally closed up 1.45% at $72.92 per barrel; Brent crude oil finally closed up 1.34% at $77.08 per barrel.
🕵️ Operation suggestion:
WTI Crude Oil 72.846 Buy Target Price 74.061
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-1.66% 19517.35 19538.75 Dow Jones ▼-0.46% 40741.4 40778 S&P 500 ▼-0.83% 5575.65 5580.35 ▼0.00% 17559.3 17559.3 US Dollar Index ▲0.41% 101.33 101.25 📝 Review:The three major U.S. stock indexes fell collectively, with the Dow Jones Industrial Average closing down 0.43%, the S&P 500 down 0.89%, and the Nasdaq down 1.67%. Nvidia (NVDA.O) fell nearly 4%, Tesla (TSLA.O) fell more than 5%, and Intel fell 6%. The Nasdaq China Golden Dragon Index closed down 1.5%, EHang (EH.O) rose 16%, iQiyi (IQ.O) fell 15%, and NetEase (NTES.O) fell 11%.
🕵️ Operation suggestion:
Nasdaq 100 19564.050 Sell Target Price 19235.393
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-1.03% 60598.8 60556.7 Ethereum ▼-0.57% 2621 2622.3 Dogecoin ▼-1.40% 0.105 0.10516 📝 Review:Bitcoin's market remained stable last night, and the price continued to fluctuate in the range of $56,000 to $62,000. Only by breaking through this range can a new trend be opened. However, there is a high probability that there will be no clear direction this week, and the real trend may not become clear until next week.
🕵️ Operation suggestion:
BitCoin 60842.4 Sell Target Price 58998.9
Read more
The U.S. dollar index returned to the 103 mark; gold once plunged nearly $40 from its intraday high!
The monthly rate of retail sales in the United States in July was 1%, far exceeding expectations; the number of initial claims last week was slightly lower than expected, falling to the lowest level since July; traders cut their expectations of a rate cut by the Federal Reserve, and interest rate futures priced that the Federal Reserve would reduce the rate cut to 93 basis points this year. The probability of a 50 basis point rate cut in September fell to 27%. The data broke the expectation of a
Gold Price Stimulates by Geopolitical Tension
Gold prices experienced their largest gain in three weeks, driven by escalating tensions in the Middle East and the easing of the U.S. dollar as markets await the crucial CPI reading due on Wednesday. Gold has surged to an all-time high above $2,460, as uncertainties surrounding developments in both the Middle East and Eastern Europe persist push the demand for safe-haven assets higher.
Types of gold: How to build a gold investment plan
As investors seek stability and diversification in their portfolios, especially in uncertain economic periods, gold stands out as one of the best options. How many types of gold exist? Before diving into golden investments, it's crucial to grasp the various forms that gold can take.
GemForex - XAU/USD
All Eyes on key levels and US inflation
WikiFX Broker
Latest News
The Dollar Keeps Falling: How Should We View Exchange Rate Volatility?
WikiFXAsia-Pacific markets mostly rise as investors parse a slew of data releases
WikiFXAsia-Pacific markets rise as investors parse a slew of data releases
WikiFXWikiFX Gala Night Malaysia Concludes Successfully
WikiFXIG Group Unlocks Over £425 Million amid a Capital Reduction
WikiFXGold Prices Fall by INR 39,300 in the Last Week? What's Next Week's Outlook?
WikiFXEuropean stocks open slightly higher as UK-U.S. trade deal cuts autos, aviation tariffs
WikiFXTreasury yields tick lower as Trump's spending bill in focus
WikiFXEuropean stocks mixed as UK-U.S. trade deal cuts autos, aviation tariffs
WikiFXRipple and SEC Drop Appeals, Bringing 5-Year Legal Saga to a Close
WikiFXRate Calc
