Market Focus Analysis:
Pulse Focus 1: Canada’s June CPI year-on-year rate fell from 3.2% to 2.8%; the core CPI year-on-year rate also declined from 2.2% to 2.1%.
Focus Insight: Canada’s inflation has peaked and started to decline, with core inflation returning to near 2%. This creates potential room for the Bank of Canada to continue lowering interest rates. If the Federal Reserve maintains hawkish rhetoric and stance in the near term, it could widen expectations for the short-term interest rate differential between the two countries.
Asset reminder: The USD/CAD has retraced from 1.4250 and found support at the prior structural level of 1.40. If support can be confirmed to have shifted upward in the 1.4035/60 area, the price could subsequently continue moving toward 1.4100/20.
Pulse Focus 2: Data released by Goldman Sachs’ prime brokerage division shows that over the past eight weeks, hedge funds have been net sellers of technology stocks for six weeks, reducing their holdings by approximately 10% in total market value—the largest withdrawal in this data series since it began tracking over a decade ago.
Focus Analysis: Over the past two months, as the South Korean stock market experienced sharp rallies and crashes, it was reasonable for institutions to take profits on tech stocks at higher levels. With leveraged positions in Korea gradually unwinding, Goldman Sachs’ recent remarks should be viewed with caution, as they may signal an intention to loosen pressure on retail investors’ holdings.
Target Reminder: The key intraday resistance for the Nasdaq 100 index is at 28,750–28,850. A firm close above this range could lead to further gains toward the 29,000 level. In the short term, we expect a corrective rebound to dominate price action.
Plugin Case Showcase
WeChat features may be temporarily restricted. If you’d like to try the plugin, please add us as a friend and note “plugin trial” in the message, along with your contact information so we can easily get back to you!
Gold: Yesterday was one of the few recent days when prices did not hit a new low. If the price continues to recover above 4035/50 today, it could head toward 4075. We should watch for potential second acceleration after a pullback along the way. For detailed levels, please consult the plugin.
(Gold 15-minute chart)
The plugin is updated daily from 12:00 to 13:00. To try the same plugin shown in the image, please contact V: krabs1942 and leave your contact information so we can add you back.
Nasdaq: Yesterday’s price attempted a direct push toward 29,000 but showed limited effectiveness and failed to reclaim the level successfully. Today, we are watching for a second pullback confirmation before another potential rally. For detailed positions, please consult the plugin.
(NASDAQ 15-minute chart)
The plugin is updated daily from 12:00 to 13:00. To try the same plugin shown in the chart, please contact V: krabs1942 and leave your contact information so we can add you back.
Crude oil: The blue sell stop signal triggered by the plugin yesterday worked perfectly. Today, we will continue monitoring signals for a breakout below the narrow range and attempt another sell stop. For detailed positions, please consult the plugin.
(Crude Oil 15-minute Chart)
The plugin is updated daily from 12:00 to 13:00. If you’d like to try the same plugin shown in the image, please contact V: krabs1942 and leave your contact information so we can add you back promptly.
