Hot spot tracking

  • The US GDP in the second quarter was 2.8%, higher than the expected 2%. Interest rate futures continue to price in bets that the Fed will start cutting interest rates in September, and it is expected that every remaining meeting in 2024 will cut interest rates. In the short term, this will boost the US economy and benefit the US dollar; in the long term, it will deepen the possibility of US interest rate cuts and be bearish for the US dollar.
  • The Nikkei 225 Index fell for the seventh consecutive day, closing down 3.28%, entering a technical correction. Japanese Chief Cabinet Secretary Yoshimasa Hayashi: No comments on daily fluctuations in the stock market and foreign exchange. Short-term bearish on the Nikkei Index.
  • US Vice President Harris: Negotiations on a ceasefire agreement in Gaza have made positive progress. The expectation of a ceasefire is bearish for crude oil.

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