Hot spot tracking
- The Federal Reserve will hold a payment innovation conference on October 21, where stablecoins, artificial intelligence, and tokenization will be discussed. This news is bullish for digital currencies.
- Kashkari: There is still room for a moderate cut in interest rates. This news is negative for the dollar.
- The number of JOLTs job openings in the U.S. unexpectedly dropped from a downwardly revised 7.36 million in June to 7.18 million in July, compared with an expectation of 7.378 million, marking the lowest level in 10 months. This news is negative for the U.S. stock market.
Product Hot Comment
Forex
Product Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.17% 1.16606 1.16614 GBP/USD ▲0.38% 1.34456 1.34412 AUD/USD ▲0.40% 0.65427 0.65414 USD/JPY ▼-0.17% 148.103 148.051 GBP/CAD ▲0.49% 1.85422 1.85281 NZD/CAD ▲0.33% 0.81053 0.81051 📝 Review:On Wednesday, the US Dollar Index fluctuated above the 98 mark. During the US trading session, it plummeted sharply after job vacancy data indicated weak corporate hiring, ultimately closing down 0.19% at 98.142. US Treasury yields fell across the board, with the benchmark 10-year yield closing at 4.221%, while the policy-sensitive 2-year yield ended at 3.625%.🕵️ Operation suggestion:USD/JPY 147.963 Sell Target Price 147.038
Gold
Product Yesterday's Change Yesterday's Close Today's Open Gold ▲0.76% 3559.11 3560.78 Silver ▲0.88% 41.196 41.162 📝 Review:Driven by expectations of a Fed rate cut and market risk aversion, spot gold rose for seven consecutive days, once approaching $3,580 per ounce during the session, hitting a new historical high, and finally closed up 0.73% at $3,559.13 per ounce; spot silver broke through $41 per ounce, continuing to set a new high since 2011, and finally closed up 0.81% at $41.22 per ounce.🕵️ Operation suggestion:Gold 3560.76 Buy Target Price 3584.23
Crude Oil
Product Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-2.75% 63.525 63.52 Brent Crude Oil ▼-2.48% 67.24 67.237 📝 Review:Due to reports that OPEC+ is considering another increase in oil production at Sunday's meeting, international crude oil plummeted during the session. WTI crude oil fell below the $64 mark, eventually closing down 2.78% at $63.55 per barrel; Brent crude oil closed down 2.49% at $67.28 per barrel.🕵️ Operation suggestion:WTI Crude Oil 63.484 Sell Target Price 62.465
Indice
Product Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.42% 23410.95 23396.05 Dow Jones ▼-0.06% 45224.3 45159.4 S&P 500 ▲0.29% 6450.25 6446.05 US Dollar Index ▼-0.24% 97.9 97.9 📝 Review:The three major U.S. stock indices were mixed, with the Dow down 0.05%, the S&P 500 down 0.5%, and the Nasdaq up 1%. American Bitcoin, a bitcoin mining company linked to the Trump family, closed up 16%, Google (GOOG.O) rose 9%, and Apple (AAPL.O) gained 3.8%. The Nasdaq Golden Dragon China Index closed down 0.19%, with NIO (NIO.N) falling nearly 4% and Alibaba (BABA.N) down 1.5%.🕵️ Operation suggestion:Nasdaq 100 23398.150 Buy Target Price 23588.053
Crypto
Product Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.97% 112148.8 111927.2 Ethereum ▲3.14% 4462.3 4458.6 Dogecoin ▲3.10% 0.22114 0.22064 📝 Review:From an overall trend perspective, Bitcoin's market shows a slight bullish advantage. As of the time of writing, Bitcoin's price is below 111,900 points, and a top divergence pattern has formed on the daily chart. However, from a technical standpoint, at least in the sub-timeframe cycles, the market exhibits decent rebound strength. The key focus now is whether the market can further develop a rebound leg on the daily chart. Therefore, tonight's Bitcoin movement is particularly critical, as a strong breakthrough above 112,000 points is needed to confirm the rebound trend. Meanwhile, Ethereum's movement will largely depend on whether it can break through the key level of 4,420 points. From a personal perspective, Bitcoin's 4-hour cycle has not yet shown a top divergence pattern, and there are no clear short-term topping signals. Ethereum, on the other hand, has been testing near the 233-day moving average resistance level on the 30-minute cycle. Overall, today's market is in a consolidation phase, and volatility is expected to increase significantly in the evening. The direction of the movement will directly determine whether a daily-level rebound can be initiated. Therefore, it is not advisable to be blindly bearish at this stage.🕵️ Operation suggestion:BitCoin 111749.0 Buy Target Price 113579.7
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