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BTC has risen close to $3600 since last week's rally. In the 4-hour time frame, there is room for a short-term pullback. In the 3-day chart, BTC is expected to finish building the bottom.
21500.0
Entry Price
24500.0
TP
20800.0
SL
700.0
Pips
Loss
20800.0
SL
20777.4
Exit Price
21500.0
Entry Price
24500.0
TP
If the August inflation data is in line with market expectations, the market may hype the expectation of "peaking inflation", which may not affect the market's expectation of a 75-bps rate hike in September. However, it will affect the market's expectations for the follow-up policy path of the Fed. It is expected to have a bearish impact on the USD.
108.564
Entry Price
107.484
TP
109.200
SL
63.6
Pips
Loss
107.484
TP
109.209
Exit Price
108.564
Entry Price
109.200
SL
British economists raised their interest rate forecasts after Prime Minister Truss announced a huge energy bailout plan. The government's decision to freeze household gas and electricity prices will reduce headline inflation in the coming months but also stimulate the economy, as the BoE tries to contain rising domestic prices. On the other hand, Truss announced a two-year freeze on household energy costs and a favorable environment for businesses for six months. It is predicted that the British government will invest 80 billion GBP to stimulate the domestic economy, and this bill will most likely avoid a recession. For inflation, the peak is likely in October. In general, it will reduce the need for the BoE to raise interest rates ahead of schedule soon. However, since it increases the risk of economic overheating next year, it could also mean higher interest rates for longer.
1.16385
Entry Price
1.17170
TP
1.15470
SL
91.5
Pips
Loss
1.15470
SL
1.15470
Exit Price
1.16385
Entry Price
1.17170
TP
Hong Kong's Hang Seng Index rose 0.22% to 19,404.64, State-owned Enterprises Index rose 0.3% to 6,647.98, Red Chip Index rose 0.27% to 3,707.49, and Hang Seng TECH Index rose 0.67% to 4,104.6. On the U.S. side, U.S. stocks continued to move higher throughout the day, along with expectations of weaker U.S. inflation. By the close, the Dow was up 0.71% at 32381, the Nasdaq was up 1.27% at 12266, and the S&P was up 1.06% at 4110. Large tech stocks collectively closed higher. On the price of major global assets, supply uncertainty has increased, with oil prices rising by more than 2% in intraday trading, and oil prices once rose above US$95. Before the EU energy intervention plan, natural gas and electricity prices in Europe plunged. The draft EU energy plan includes mandatory cuts in electricity demand and a tax on fossil fuel companies. The yield curve of U.S. Treasury Securities became steeper, while the yield of long-term securities rose and the yield of 30-year securities reached another eight-year high. The US Dollar Index (USDX) once fell more than 1% and lost 108 to a three-week low, recalling the gains since Powell Jackson Hole's speech at the annual meeting. It fell against the G10 currency other than the JPY, while the EUR posted its biggest gain in nearly half a year and moved up to 1.02.
19340.00
Entry Price
19545.00
TP
19160.00
SL
1800.0
Pips
Loss
19160.00
SL
19158.00
Exit Price
19340.00
Entry Price
19545.00
TP
Energy markets are under further pressure. Gas prices in Europe have almost tripled this year due to Russian restrictions on gas deliveries through its Nord Stream pipeline. EU sanctions are bound to squeeze Russia's oil supplies when they take effect in December. MLIV Pulse survey shows that two-thirds of respondents plan to increase their investments in the energy sector in the next six months. And respondents to the survey include portfolio managers and retail investors. These respondents believe electricity and natural gas prices are driving global inflation with expectations that Russia will cut off gas deliveries to Europe, leading to shortages of key fuels this winter.
87.850
Entry Price
89.580
TP
84.600
SL
173.0
Pips
Profit
84.600
SL
89.600
Exit Price
87.850
Entry Price
89.580
TP
As for the stock market, China's domestic food and beverage sectors lead the rise. Oil and petrochemicals, trade and retail, power equipment, agriculture, forestry, animal husbandry and fishery, non-ferrous metals and other sectors are top gainers. The real estate sector leads the decline. Pharmaceuticals and biology, household appliances, textiles and apparel, utilities, coal and other sectors are weakening. As for the news, Chinese President Xi Jinping will attend the SCO summit and pay a state visit to Kazakhstan and Uzbekistan; Chinese Premier Li Keqiang said that multiple measures should be carried out to stabilize growth, employment and prices; corporate financing demand supports the August credit repair, and the medium and long-term household loans still need to be boosted; the PBoC and the CBRC announced the list of systemically important banks in 2022; the Ministry of Culture and Tourism of China said that the domestic tourism trips during the Mid-Autumn Festival holiday were down 16.7% year-on-year; the SSE said it will release two indices including SSE Photovoltaic Industry Index; a talk show gets the stock code "600759" a lot of attention, and investors are waiting for the opening of this stock; CSRC has issued the revised QFII and RQFII transaction settlement regulations.
13390.00
Entry Price
13550.00
TP
13215.00
SL
1750.0
Pips
Loss
13215.00
SL
13214.10
Exit Price
13390.00
Entry Price
13550.00
TP
The incoming risk weighed on the USD, making the GBPUSD rise for the second day in a row and climb to a nearly two-week high. The acceleration in inflation will spur investors to increase their bets that the Bank of England (BoE) will raise interest rates again sharply, allowing the GBP to continue its recent recovery.
1.18500
Entry Price
1.14000
TP
1.22340
SL
--
Pips
EXPIRED
1.14000
TP
1.08316
Exit Price
1.18500
Entry Price
1.22340
SL
Damon
Analyst
I worked as an analyst at a well-known forex brokerage firm and have been engaged in the financial industry for 10 years, involving forex, futures and stocks. I'm especially good at analyzing and interpreting the market using fundamental data.
Ranking
--
Articles
122
Win Rate
0.00%
P/L Ratio
0.92
Focus on
ETH-USDT, BTC-USDT, XAUUSD
Test 1700 Resistance, Wary of Retracements
LOSS -260.0 PipsGold Prices Were More Cautious on the Night of Focus on Inflation
PROFIT +270.4 PipsPrice Is Still Weak After Repeated Test of 1500
LOSS -200.0 PipsFocus on Big Data, Trade Dominant Today
LOSS -250.0 PipsFed Continues to "Release Hawk", Price Under Pressure
LOSS -250.0 PipsThe risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
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