Trump Reiterates Increase in Production to Lower Oil Prices; Gold Falls from Record High!

Hot spot tracking

• Federal Reserve Vice Chairman Jefferson: Even if the interest rate is cut by 100 basis points, the Federal Reserve's interest rate will still be at a restrictive level. This news is bearish for the US dollar.

• The Bank of England cut interest rates by 25 basis points to 4.5%, with two members voting to cut rates by 50 basis points. This news is bearish for the pound.

• The number of initial jobless claims in the United States last week was 219,000, compared with expectations of 213,000. This news is bearish for the US dollar and US stocks.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.20%1.038311.03831GBP/USD▼-0.55%1.243471.24327AUD/USD▲0.01%0.628530.62827USD/JPY▼-0.73%151.45151.454GBP/CAD▼-0.62%1.778311.77809NZD/CAD▼-0.28%0.811480.81153

• 📝 Review:On Thursday, with no new news on tariffs stirring up the economy, the market placed its hopes on Friday's non-farm payrolls data. The US dollar index rebounded, but fell sharply after being named by the US Treasury Secretary. It finally closed up 0.08% at 107.7. U.S. Treasury yields rose collectively, with the 2-year Treasury yield closing at 4.21% and the 10-year Treasury yield closing at 4.44%.

• 🕵️ Operation suggestion:USD/JPY 151.137 Sell Target Price 149.724

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-0.37%2855.592855.97Silver▼-0.48%32.20532.205

• 📝 Review:Spot gold came under pressure and closed down 0.39% at $2,856.05 an ounce; spot silver closed down 0.3% at $32.21 an ounce.

• 🕵️ Operation suggestion:Gold 2859.41 Buy Target Price 2882.14

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-0.81%70.33670.329Brent Crude Oil▼-0.52%74.07574.059

• 📝 Review:Oil prices turned to fall due to Trump's remarks on increasing production. WTI crude oil closed down 0.82% at $70.32 per barrel; Brent crude oil closed down 0.57% at $74.81 per barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 70.361 Sell Target Price 69.519

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲0.26%21686.8621722.2Dow Jones▼-0.54%44621.144684.6S&P 500▲0.09%6069.256076.85US Dollar Index▲0.13%107.57107.53

• 📝 Review:The three major U.S. stock indices were mixed. The Dow Jones Industrial Average closed down 0.28%, the S&P 500 closed up 0.36%, and the Nasdaq closed up 0.51%. Nvidia (NVDA.O) rose 3%, Tesla (TSLA.O) fell 1%, and Ford Motor (F.N) fell more than 7%. The Nasdaq China Golden Dragon Index closed up 2.69%, Kingsoft Cloud (KC.O) rose more than 11%, iQiyi (IQ.O) rose nearly 8%, and Alibaba (BABA.N) rose 1%.

• 🕵️ Operation suggestion:Nasdaq 100 21721.790 Buy Target Price 21900.541

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲0.27%9669496905.9Ethereum▼-1.97%2703.92699Dogecoin▼-2.29%0.248080.24976

• 📝 Review:Judging from the current trend, Bitcoin has shown a relatively obvious downward trend at the daily level, and its short-term downward trend can basically be confirmed. In the absence of major positive news stimulation, it will be extremely difficult to break through the 110,000-point mark in a short period of time. The bulls can only find some opportunities in the short term. Therefore, investors need to be extra vigilant about the risk of further declines at the daily or even weekly level.

• 🕵️ Operation suggestion:BitCoin 96681.0 Sell Target Price 94312.4