Trump Couple Enters Crypto Market; U.S. Edging Towards Debt Default?

Hot spot tracking

• As the debt ceiling is about to be reached, US Treasury Secretary Janet Yellen announced that extraordinary measures will be initiated to avoid debt default. This news is bearish for the US dollar.

• Both Trump and his wife issued virtual currency, and Trump's net worth increased significantly. This news is bullish for virtual currencies.

• The Gaza ceasefire agreement will take effect at 17:15 Beijing time on the 19th. Subsequently, Israel's National Security Minister resigned and his Jewish Power Party withdrew from Israel's ruling coalition. This news is bearish for crude oil.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.25%1.027491.02786GBP/USD▼-0.55%1.216981.2178AUD/USD▼-0.24%0.61990.61998USD/JPY▲0.63%156.146156.304GBP/CAD▼-0.06%1.760491.76161NZD/CAD▲0.17%0.808070.80908

• 📝 Review:Last Friday, the U.S. dollar index fell below the 109 mark during intraday trading. But then it quickly recovered all its lost ground and turned upward, eventually closing up 0.44% at 109.42. However, the weekly line still closed lower, ending a six-week winning streak. U.S. Treasury yields rose slightly, with the benchmark 10-year Treasury yield closing at 4.630%; the two-year Treasury yield closed at 4.291%.

• 🕵️ Operation suggestion:USD/JPY 156.097 Sell Target Price 155.100

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-0.50%2700.862704.69Silver▼-1.59%30.29630.3

• 📝 Review:Spot gold once approached $2,720 during the session, but due to the pressure from the US dollar, gold gave up most of its intraday gains and turned to decline in the late trading. It finally closed down 0.42% at $2,702.87 per ounce. Spot silver finally closed down 1.5% at $30.33 an ounce.

• 🕵️ Operation suggestion:Gold 2696.03 Buy Target Price 2726.15

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-0.68%77.28877.225Brent Crude Oil▼-0.62%79.89180.129

• 📝 Review:Crude oil continued its downward trend, but closed higher for the fourth consecutive week on a weekly basis. WTI crude oil hovered around $77 and finally closed down 0.77% at $77.22 per barrel; Brent crude oil closed down 0.65% at $79.87 per barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 77.571 Buy Target Price 79.260

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲1.77%21398.2621421.24Dow Jones▲0.81%43388.743437.6S&P 500▲1.05%5996.656003.05US Dollar Index▲0.40%109.23109.22

• 📝 Review:The three major U.S. stock indexes closed higher, with the Nasdaq up 1.51%, the S&P 500 up 1.00% and the Dow up 0.78%. The Nasdaq Golden Dragon China Index initially closed up 3.1%, with a cumulative increase of about 6% last week. JD.com (JD.O) rose 10%, Pinduoduo (PDD.O) rose 5.3%, and NIO (NIO.N) rose 4.6%. Tesla (TSLA.O) and Nvidia (NVDA.O) rose more than 3%. Intel (INTC.O) surged more than 9%.

• 🕵️ Operation suggestion:Nasdaq 100 21359.610 Sell Target Price 21055.227

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-0.84%103535.2103255.6Ethereum▼-2.63%3216.33262.3Dogecoin▼-6.47%0.369970.36638

• 📝 Review:Judging from the overall trend, the Bitcoin market currently shows an obvious bullish and strong pattern. As of the close, the price of Bitcoin remained below $102,300. However, when the market develops to this critical point, the panic and greed in human nature often make it difficult for people to believe that the market will come to a sudden stop here. But the essence of trading is based on basic technical indicators, and taking good stop-loss measures is the key.

• 🕵️ Operation suggestion:BitCoin 101200.7 Sell Target Price 99635.1