Powell Reiterates No Rush to Adjust Interest Rates; Gold Plummets Over $40 in a Day!

Hot spot tracking

• In response to US sanctions, Iran has threatened to close key oil transport routes. This news is bullish for crude oil.

• European Commission President Ursula von der Leyen: Firm and proportionate countermeasures will be taken against US tariffs. This news is bullish for the euro and bearish for the dollar.

• Netanyahu: If Hamas does not return hostages on time, the army will resume fighting. Houthi armed forces: If Israel attacks Gaza, we will launch an attack on Israel. This news is bullish for crude oil and gold.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▲0.53%1.036091.03606GBP/USD▲0.62%1.244531.24428AUD/USD▲0.23%0.629760.62955USD/JPY▲0.40%152.489152.453GBP/CAD▲0.32%1.777591.7775NZD/CAD▼-0.09%0.80740.80741

• 📝 Review:On Tuesday, the U.S. dollar index rose slightly to 108.46 in Asian trading before turning down. At the hearing, Federal Reserve Chairman Powell reiterated that there is no need to rush to adjust interest rates, and the market is waiting for more news on tariffs. In the end, the US dollar index closed down 0.38% at 107.92. The benchmark 10-year Treasury yield closed at 4.5320%, while the two-year Treasury yield closed at 4.2960%.

• 🕵️ Operation suggestion:USD/JPY 152.889 Buy Target Price 153.269

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-0.35%2897.572898.13Silver▼-0.60%31.80231.8

• 📝 Review:Spot gold plunged more than $40 during the day as investors took profits after hitting an all-time high of 2,942.60. It finally closed down 0.35% at $2,897.23 per ounce. Spot silver finally closed down 0.67% at $31.81 per ounce.

• 🕵️ Operation suggestion:Gold 2897.55 Buy Target Price 2927.35

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▲1.06%72.96172.973Brent Crude Oil▲1.08%76.65576.665

• 📝 Review:Oil prices rose to their highest in two weeks on Tuesday as Iran warned it would close a key oil shipping route. WTI crude oil rose 0.99% to $73.13 per barrel; Brent crude oil closed up 1.03% at $76.83 per barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 72.981 Buy Target Price 74.553

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲0.13%21696.1521709.25Dow Jones▲0.49%44581.544555.1S&P 500▲0.29%6069.656068.35US Dollar Index▼-0.43%107.68107.66

• 📝 Review:The Dow Jones Industrial Average closed up 0.28%, the S&P 500 rose slightly, and the Nasdaq fell 0.36%. Tesla (TSLA.O) fell 6.3%, Apple (AAPL.O) rose 2% and Intel (INTC.O) rose 6%. The Nasdaq China Golden Dragon Index closed down 1.66%, Xpeng Motors (XPEV.N) fell nearly 7%, Alibaba (BABA.N) rose 1%, and NetEase Youdao (DAO.N) fell 19%.

• 🕵️ Operation suggestion:Nasdaq 100 21717.450 Buy Target Price 21910.992

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-1.17%96226.895506.6Ethereum▼-1.43%2619.42583.5Dogecoin▲0.26%0.253710.25186

• 📝 Review:At present, the price of Bitcoin is hovering around the 233 moving average in the 30-minute cycle, which has exerted a certain pressure on its short-term trend. If Bitcoin can effectively break through this key position in the future, its upward momentum is expected to be further released, and it may even hit the resistance level of $102,500. Once this resistance level is broken, Bitcoin may continue to test the high of $110,000, which will show a strong upward trend.

• 🕵️ Operation suggestion:BitCoin 95718.7 Sell Target Price 94665.4