US Services Sector Cools, 'Small Nonfarm' Surprises; Gold Hits New Highs!

TOPONE Markets | 2025-02-06 11:33

Abstract：Hot spot tracking The U.S. ISM non-manufacturing PMI in January was 52.8, significantly lower than the expected 54.3 and the previous value of 54.1. The U.S. ADP employment data for January was 183

Hot spot tracking

The U.S. ISM non-manufacturing PMI in January was 52.8, significantly lower than the expected 54.3 and the previous value of 54.1. The U.S. ADP employment data for January was 183,000, the highest since October last year. The market expectation was 150,000. This news is bearish for the US dollar.

Gold in the Bank of England's vaults is sold at a discount due to relatively slow deliveries. This news is bullish for the pound.

Honda and Nissan terminated merger talks and abandoned integration plans. The news was bearish for Honda stock.

Product Hot Comment

Forex
ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▲0.24%1.040231.04035GBP/USD▲0.21%1.250471.25035AUD/USD▲0.51%0.628720.62847USD/JPY▼-1.15%152.611152.563GBP/CAD▲0.16%1.789851.78941NZD/CAD▲0.56%0.813860.81376
📝 Review:U.S. data was mixed on Wednesday. Fed officials spoke cautiously and the U.S. dollar index continued to fall, closing down 0.36% at 107.62. The yield on the U.S. two-year Treasury note fell to its lowest level since December 12 last year, closing at 4.19%. The benchmark 10-year Treasury yield fell to its lowest since mid-December to close at 4.42%. The yield spread between U.S. 2-year and 10-year Treasury bonds was the narrowest since December 23.
🕵️ Operation suggestion:USD/JPY 152.541 Sell Target Price 152.096

Gold
ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.85%2867.062866.33Silver▲0.60%32.29232.36
📝 Review:International gold prices continued to hit new highs, driven by falling U.S. dollar and U.S. bond yields and safe-haven demand brought about by trade concerns. Spot gold broke through $2,880/oz during the session and closed up 0.88% at $2,867.12/oz; spot silver closed up 0.64% at $32.30/oz.
🕵️ Operation suggestion:Gold 2868.95 Buy Target Price 2882.14

Crude Oil
ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-2.09%70.92770.911Brent Crude Oil▼-1.89%74.46374.465
📝 Review:International oil prices fell significantly as the market worried that international trade tensions might suppress oil demand and U.S. EIA crude oil inventories increased by more than 8.6 million barrels last week. WTI crude oil closed down 2.11% at $70.91 per barrel; Brent crude oil closed down 1.93% at $75.23 per barrel.
🕵️ Operation suggestion:WTI Crude Oil 71.019 Buy Target Price 72.006

Indice
ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲0.93%21649.5121630.99Dow Jones▲0.80%44837.944863.6S&P 500▲0.70%6062.756063.85US Dollar Index▼-0.30%107.41107.43
📝 Review:The three major U.S. stock indices closed higher, with the Dow Jones Industrial Average up 0.7%, the S&P 500 up 0.41% and the Nasdaq up 0.19%. Arm (ARM.O) rose nearly 7%, Nvidia (NVDA.O) rose 5%, Google (GOOG.O) fell more than 7%, AMD (AMD.O) fell more than 6%, and Pinduoduo (PDD.O) fell 3.4%. The Nasdaq China Golden Dragon Index closed down 2.2%, with Alibaba (BABA.N) falling 3%.
🕵️ Operation suggestion:Nasdaq 100 21651.740 Buy Target Price 21816.938

Crypto
ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-0.82%96898.696435.6Ethereum▲3.82%2785.32758.3Dogecoin▼-1.88%0.256750.2539
📝 Review:Judging from the overall trend, the bears clearly have the upper hand in the current Bitcoin market. As of publication, the price of Bitcoin is still below 98,000 points. Although the cryptocurrency market has experienced a waterfall-like decline, Bitcoin has not fallen below 90,000 points or the low point of the central range, which shows that the bull market foundation of Bitcoin is still solid. If it can break through 105,000 points, it is not impossible to further hit 110,000 points.
🕵️ Operation suggestion:BitCoin 96741.8 Sell Target Price 96640.7