On June 27, the US dollar index was 105.976. It once broke through 106 in the early morning today and is currently up 0.38%; the US 10-year Treasury bond yield is 4.349%, up 2.1%. The Japanese yen fell to a 38-year low against the US dollar. The market is worried that the Bank of Japan will take measures to boost the yen and US dollar liquidity at the end of the month. The US dollar index and Treasury bond yields have both soared.
U.S. new home sales plunged 11.3% month-on-month to a six-month low of 619,000 units in May, adjusted for seasonal factors, as soaring mortgage rates weighed on demand, while a 16-year high in new home supply helped curb house price increases.
Federal Reserve Governor Bowman said that with policy remaining stable, inflation will fall further, and if inflation continues to fall back toward 2%, a rate cut will ultimately be appropriate.
Senior officials of the Japanese Ministry of Finance expressed serious concern about the rapid decline of the yen and remained highly vigilant. (If the Bank of Japan intervenes in the exchange rate, it will sell off US dollars and US Treasury bonds. I just paid attention to the French election and now I have to look at Japan's policies...)
In terms of cryptocurrencies, Reuters reported that the ETH ETF may be approved and start trading before July 4. The market did not react to the news. Bitcoin barely held the $60,000 mark, and Ethereum did not even reach $3,400. However, the altcoins rose a lot, and the weak altcoins rose by 10%. The current exchange rate of Ethereum to Bitcoin is 0.055359.
In terms of U.S. stocks, the S&P 500 index rose 0.16% to 5477.91 points; the Nasdaq index rose 0.49% to 17805.16 points; and the Dow Jones index rose 0.04% to 39128.26 points.
In terms of AI stocks, Nvidia NVDA rose 0.25% to close at $126.4; Broadcom AVGO rose 0.71% to close at $1,592; Intel INTC fell 0.65% to close at $30.54; Advanced Micro Devices AMD fell 1.69% to close at $157.54; Advanced Micro Devices SMCI fell 1.42% to close at $831.16.
In terms of local dog stocks, GME fell 2.93% to close at US$24.2; AMC rose 3.31% to close at US$4.68; FFIE rose 73.02% to close at US$0.459. In order not to trigger delisting conditions, FFIE had to merge its shares, which caused its stock price to surge.
In terms of Bitcoin ETFs, GBTC saw an inflow of $4.3 million, FBTC saw an inflow of $18.6 million, ARKB saw an outflow of $4.9 million, and HODL saw an inflow of $3.4 million. The total inflow on June 25 was $21.4 million, marking the second consecutive day of net inflow.
