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Mingyou Morning Overview: Looking around 106700-106200, aiming for 107800-108700 Mingyou Morning Overview: Looking around 2400-2380, aiming for 2450-2480 Summary of Important News (June 28) Domestic News: 1. The central bank held the second quarter regular meeting, suggesting to strengthen the intensity of monetary policy regulation. 2. The Securities Regulatory Commission seriously investigated cases of financial fraud, holding responsible parties accountable for the first time in cases of collusion. 3. Shanghai and Shenzhen Stock Exchanges: plan to adjust the price fluctuation limit ratio for risk warning stocks on the main board to 10%. 4. Foreign Minister Wang Yi will visit the EU headquarters from June 30 to July 6 and hold the 13th round of high-level Sino-European strategic dialogue. 5. National Bureau of Statistics: From January to May, large-scale industrial enterprises nationwide achieved a total profit of 27,204.3 billion yuan, a year-on-year decrease of 1.1%. 6. Ministry of Finance: From January to May, the total operating income of state-owned and state-controlled enterprises nationwide decreased by 0.1% year-on-year, and the total profit decreased by 2.8% year-on-year. 7. The 16th meeting of the Standing Committee of the 14th National People's Congress concluded in Beijing, voting to pass the newly revised Public Security Administration Punishment Law and the newly revised Anti-Unfair Competition Law. 8. Ministry of Commerce spokesperson answered reporters' questions about the Sino-U.S. London framework: China will approve the export applications for controlled items that meet the conditions in accordance with the law, and the U.S. will correspondingly lift a series of restrictive measures against China. International News: 1. The S&P 500 index and Nasdaq both hit new highs. 2. OPEC+ will consider significantly increasing oil production again. 3. Federal Reserve's Kashkari: Expected to cut interest rates twice starting in September, with tariff impacts showing or pausing rate cuts. 4. Putin: Russia plans to reduce military spending. Preparing for a new round of negotiations with Ukraine and is open to talks with the U.S. 5. U.S. consumer spending unexpectedly fell in May, with moderate inflation rising. Traders increased bets that the Federal Reserve would cut rates three times in 2025. 6. Middle East situation - ① Trump: Has stopped all work on lifting sanctions against Iran. If Iran continues its enrichment activities, may consider airstrikes against Iran again. ② Israeli Defense Minister: Israel will regularly take action to thwart relevant threats. ③ U.S. Senate rejected a proposal to limit Trump's military action against Iran. 7. Tariffs - ① Trump: Immediately terminate all trade negotiations with Canada. ② The EU and the U.S. are reportedly confident of reaching a tariff agreement before the July deadline.
Mingyou Morning Overview: Looking around 106700-106200, aiming for 107800-108700

Mingyou Morning Overview: Looking around 2400-2380, aiming for 2450-2480

Summary of Important News (June 28)
Domestic News:
1. The central bank held the second quarter regular meeting, suggesting to strengthen the intensity of monetary policy regulation.
2. The Securities Regulatory Commission seriously investigated cases of financial fraud, holding responsible parties accountable for the first time in cases of collusion.
3. Shanghai and Shenzhen Stock Exchanges: plan to adjust the price fluctuation limit ratio for risk warning stocks on the main board to 10%.
4. Foreign Minister Wang Yi will visit the EU headquarters from June 30 to July 6 and hold the 13th round of high-level Sino-European strategic dialogue.
5. National Bureau of Statistics: From January to May, large-scale industrial enterprises nationwide achieved a total profit of 27,204.3 billion yuan, a year-on-year decrease of 1.1%.
6. Ministry of Finance: From January to May, the total operating income of state-owned and state-controlled enterprises nationwide decreased by 0.1% year-on-year, and the total profit decreased by 2.8% year-on-year.
7. The 16th meeting of the Standing Committee of the 14th National People's Congress concluded in Beijing, voting to pass the newly revised Public Security Administration Punishment Law and the newly revised Anti-Unfair Competition Law.
8. Ministry of Commerce spokesperson answered reporters' questions about the Sino-U.S. London framework: China will approve the export applications for controlled items that meet the conditions in accordance with the law, and the U.S. will correspondingly lift a series of restrictive measures against China.
International News:
1. The S&P 500 index and Nasdaq both hit new highs.
2. OPEC+ will consider significantly increasing oil production again.
3. Federal Reserve's Kashkari: Expected to cut interest rates twice starting in September, with tariff impacts showing or pausing rate cuts.
4. Putin: Russia plans to reduce military spending. Preparing for a new round of negotiations with Ukraine and is open to talks with the U.S.
5. U.S. consumer spending unexpectedly fell in May, with moderate inflation rising. Traders increased bets that the Federal Reserve would cut rates three times in 2025.
6. Middle East situation - ① Trump: Has stopped all work on lifting sanctions against Iran. If Iran continues its enrichment activities, may consider airstrikes against Iran again. ② Israeli Defense Minister: Israel will regularly take action to thwart relevant threats. ③ U.S. Senate rejected a proposal to limit Trump's military action against Iran.
7. Tariffs - ① Trump: Immediately terminate all trade negotiations with Canada. ② The EU and the U.S. are reportedly confident of reaching a tariff agreement before the July deadline.
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Mingyou Evening Report: Near 107200-107700, looking towards 106200-105300 Mingyou Evening Report: Near 2460-2480, looking towards 2420-2390 Zhiqin Holdings: Fiscal year 2025 revenue decreased by 8.1% to HKD 1.414 billion On June 27, Zhiqin Holdings (09913.HK) announced that its revenue for the year ending March 31, 2025, decreased by approximately 8.1% to about HKD 1.414 billion, compared to approximately HKD 1.539 billion for the fiscal year 2024. The gross profit margin increased from approximately 15.9% in the fiscal year 2024 to about 25.7% in the fiscal year 2025, an increase of about 9.8%. The loss attributable to the owners of the company for the year was approximately HKD 7.6 million, while the profit attributable to the owners of the company in the previous year was HKD 28.1 million. Excluding the impairment losses on non-recurring contract assets and trade receivables, the adjusted profit attributable to the owners of the company for the fiscal year 2025 was approximately HKD 10.6 million, a decrease of about 62.1% compared to approximately HKD 28.1 million in the fiscal year 2024. The Board of Directors does not recommend the payment of a final dividend for the fiscal year 2025.
Mingyou Evening Report: Near 107200-107700, looking towards 106200-105300

Mingyou Evening Report: Near 2460-2480, looking towards 2420-2390

Zhiqin Holdings: Fiscal year 2025 revenue decreased by 8.1% to HKD 1.414 billion
On June 27, Zhiqin Holdings (09913.HK) announced that its revenue for the year ending March 31, 2025, decreased by approximately 8.1% to about HKD 1.414 billion, compared to approximately HKD 1.539 billion for the fiscal year 2024. The gross profit margin increased from approximately 15.9% in the fiscal year 2024 to about 25.7% in the fiscal year 2025, an increase of about 9.8%. The loss attributable to the owners of the company for the year was approximately HKD 7.6 million, while the profit attributable to the owners of the company in the previous year was HKD 28.1 million. Excluding the impairment losses on non-recurring contract assets and trade receivables, the adjusted profit attributable to the owners of the company for the fiscal year 2025 was approximately HKD 10.6 million, a decrease of about 62.1% compared to approximately HKD 28.1 million in the fiscal year 2024. The Board of Directors does not recommend the payment of a final dividend for the fiscal year 2025.
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Gold is set to decline for the second consecutive week as U.S. PCE data draws attention On June 27, gold prices fell on Friday as the Israel-Iran ceasefire suppressed safe-haven demand, while investors awaited U.S. PCE data, marking a second consecutive week of decline. Soni Kumari, a commodity strategist at ANZ Bank, stated that the market is quite optimistic about risk assets, which is pressuring gold prices. The easing of tensions in the Middle East following the ceasefire and progress in trade negotiations are reducing market uncertainty, leading to further declines in gold prices. Investors are awaiting the U.S. core PCE data to be released tonight for further insights into the Federal Reserve's policy path. Analysts surveyed by Reuters expect the core PCE month-on-month growth to be 0.1% and year-on-year growth to be 2.6%. The market currently anticipates that the Federal Reserve will begin cutting interest rates by 63 basis points starting in September this year. U.S. President Trump previously stated that moderate inflation means the Federal Reserve should have already begun lowering the policy rate, but so far, only two Federal Reserve policymakers believe the Fed could cut rates at the July meeting.
Gold is set to decline for the second consecutive week as U.S. PCE data draws attention
On June 27, gold prices fell on Friday as the Israel-Iran ceasefire suppressed safe-haven demand, while investors awaited U.S. PCE data, marking a second consecutive week of decline. Soni Kumari, a commodity strategist at ANZ Bank, stated that the market is quite optimistic about risk assets, which is pressuring gold prices. The easing of tensions in the Middle East following the ceasefire and progress in trade negotiations are reducing market uncertainty, leading to further declines in gold prices. Investors are awaiting the U.S. core PCE data to be released tonight for further insights into the Federal Reserve's policy path. Analysts surveyed by Reuters expect the core PCE month-on-month growth to be 0.1% and year-on-year growth to be 2.6%. The market currently anticipates that the Federal Reserve will begin cutting interest rates by 63 basis points starting in September this year. U.S. President Trump previously stated that moderate inflation means the Federal Reserve should have already begun lowering the policy rate, but so far, only two Federal Reserve policymakers believe the Fed could cut rates at the July meeting.
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Liao Min Meets Harvard University Professor Allison On June 27, Deputy Minister of Finance Liao Min met with Harvard University Professor Allison in Beijing to engage in in-depth exchanges on China-U.S. relations, China-U.S. economic and trade relations, and current regional hotspot issues. Liao Min stated that the economic and trade teams of both sides reached the Geneva Consensus and London Framework, which play an important role in stabilizing China-U.S. relations and China-U.S. economic and trade relations. China will firmly safeguard its legitimate rights and interests and is also willing to maintain economic and trade exchanges with the U.S. on the basis of equality, mutual respect, and mutual benefit, to benefit both countries and the world. Allison stated that the U.S.-China relationship is one of the most important bilateral relationships in the world, and it is significant for both sides to maintain and deepen communication. China has made remarkable achievements in promoting economic transformation, further expanding openness, and maintaining a fair market environment. The U.S. and China are highly interdependent economically, and deepening economic and trade exchanges is in the interest of both countries and the world.
Liao Min Meets Harvard University Professor Allison

On June 27, Deputy Minister of Finance Liao Min met with Harvard University Professor Allison in Beijing to engage in in-depth exchanges on China-U.S. relations, China-U.S. economic and trade relations, and current regional hotspot issues. Liao Min stated that the economic and trade teams of both sides reached the Geneva Consensus and London Framework, which play an important role in stabilizing China-U.S. relations and China-U.S. economic and trade relations. China will firmly safeguard its legitimate rights and interests and is also willing to maintain economic and trade exchanges with the U.S. on the basis of equality, mutual respect, and mutual benefit, to benefit both countries and the world. Allison stated that the U.S.-China relationship is one of the most important bilateral relationships in the world, and it is significant for both sides to maintain and deepen communication. China has made remarkable achievements in promoting economic transformation, further expanding openness, and maintaining a fair market environment. The U.S. and China are highly interdependent economically, and deepening economic and trade exchanges is in the interest of both countries and the world.
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Bullish
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Mingyou Afternoon View: Around 107400-107000, looking towards 108400-109300 Mingyou Afternoon View: Around 2440-2420, looking towards 2490-2520 Former Chief Economist of Guotai Junan, Xun Yugen, is about to leave On June 26, sources close to Guotai Junan revealed that the former chief economist Xun Yugen is about to leave. On June 24, Guotai Junan issued a personnel appointment adjustment notice internally, stating that Xun Yugen will no longer serve as the company's chief economist, committee member of the Research and Institutional Business Committee, co-director of the Policy and Industry Research Institute, and director of the Postdoctoral Research Station Office. It is noteworthy that it has only been a little over two months since Xun Yugen was appointed as the chief economist of Guotai Junan Securities Research Institute. #币安Alpha上新 #币安钱包TGE #以色列伊朗冲突 #鲍威尔半年度货币政策证词 #美国国债
Mingyou Afternoon View: Around 107400-107000, looking towards 108400-109300

Mingyou Afternoon View: Around 2440-2420, looking towards 2490-2520

Former Chief Economist of Guotai Junan, Xun Yugen, is about to leave
On June 26, sources close to Guotai Junan revealed that the former chief economist Xun Yugen is about to leave. On June 24, Guotai Junan issued a personnel appointment adjustment notice internally, stating that Xun Yugen will no longer serve as the company's chief economist, committee member of the Research and Institutional Business Committee, co-director of the Policy and Industry Research Institute, and director of the Postdoctoral Research Station Office. It is noteworthy that it has only been a little over two months since Xun Yugen was appointed as the chief economist of Guotai Junan Securities Research Institute.
#币安Alpha上新 #币安钱包TGE #以色列伊朗冲突 #鲍威尔半年度货币政策证词 #美国国债
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Bullish
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Fengneng Co., Ltd. announced that its controlling shareholder, the Energy Group, along with its concerted action party, intends to increase its stake in the company by 100 million to 200 million yuan. The funds for the increase will come from its own funds and other legally investable stock funds. This increase plan does not set a price range; the increasing entity will implement the plan based on its judgment of the company's stock value and the volatility of the secondary market.
Fengneng Co., Ltd. announced that its controlling shareholder, the Energy Group, along with its concerted action party, intends to increase its stake in the company by 100 million to 200 million yuan. The funds for the increase will come from its own funds and other legally investable stock funds. This increase plan does not set a price range; the increasing entity will implement the plan based on its judgment of the company's stock value and the volatility of the secondary market.
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The early bird catches the worm Big pie 58200 kong, concubine 2475 kong Fall as expected Allow good things to happen to yourself, because you deserve it. The yields of major interbank interest rate bonds generally fell at the beginning of the session Jinshi data reported on September 2 that the yield of the 10-year active bond "24 Guokai 10" fell by 0.45bp, the yield of the 30-year active bond "24 Special Treasury Bond 01" fell by 1bp, and the yield of the 5-year active bond "24 Guokai 03" fell by 0.75bp. #新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
The early bird catches the worm
Big pie 58200 kong, concubine 2475 kong
Fall as expected

Allow good things to happen to yourself, because you deserve it.

The yields of major interbank interest rate bonds generally fell at the beginning of the session
Jinshi data reported on September 2 that the yield of the 10-year active bond "24 Guokai 10" fell by 0.45bp, the yield of the 30-year active bond "24 Special Treasury Bond 01" fell by 1bp, and the yield of the 5-year active bond "24 Guokai 03" fell by 0.75bp.
#新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
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Duotou lacks energy The kongtan harvests rice perfectly The big cake is 7400u and the concubine is 9600u Don't be depressed, my friend. There is no eternal rainy season, only long-lost sunny days. Palestine says Israeli forces have launched attacks in multiple places in Gaza, killing 8 and injuring many On September 1, local time, the Palestinian side stated that the Israeli army bombed multiple areas in the Gaza Strip that day. Among them, the bombing near the Buriji refugee camp killed four people and injured many others; the bombing near a municipal park in the western Gaza Strip The bombing of houses in Gaza City killed two people and injured six others; the attack on the Shujaiya neighborhood in eastern Gaza City killed one person and injured many others; in addition, a Palestinian was hit by shelling east of the Burij refugee camp. Loss of life. #新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
Duotou lacks energy
The kongtan harvests rice perfectly
The big cake is 7400u and the concubine is 9600u

Don't be depressed, my friend. There is no eternal rainy season, only long-lost sunny days.

Palestine says Israeli forces have launched attacks in multiple places in Gaza, killing 8 and injuring many
On September 1, local time, the Palestinian side stated that the Israeli army bombed multiple areas in the Gaza Strip that day. Among them, the bombing near the Buriji refugee camp killed four people and injured many others; the bombing near a municipal park in the western Gaza Strip The bombing of houses in Gaza City killed two people and injured six others; the attack on the Shujaiya neighborhood in eastern Gaza City killed one person and injured many others; in addition, a Palestinian was hit by shelling east of the Burij refugee camp. Loss of life.
#新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
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Weekend Kongtan layout The pie is 59,000 kong, and the concubine is 2,510 kong. fell smoothly Niu San "sweeps goods" ETF has become an important allocation tool According to the latest disclosed fund interim report, in addition to Central Huijin Investment Co., Ltd.’s large-scale “purchase” of broad-based ETFs, many retail investors also bought ETFs, often worth hundreds of millions of yuan, becoming broad-based ETFs such as the Shanghai Stock Exchange 50 ETF and the Growth Enterprise Market 50 ETF. Top 10 ETF holders. According to industry insiders, ETFs have clear styles and low fees, and have become an important allocation tool for investors. In addition to institutional investors, they will also attract more and more individual investors to participate. #新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
Weekend Kongtan layout
The pie is 59,000 kong, and the concubine is 2,510 kong.
fell smoothly

Niu San "sweeps goods" ETF has become an important allocation tool
According to the latest disclosed fund interim report, in addition to Central Huijin Investment Co., Ltd.’s large-scale “purchase” of broad-based ETFs, many retail investors also bought ETFs, often worth hundreds of millions of yuan, becoming broad-based ETFs such as the Shanghai Stock Exchange 50 ETF and the Growth Enterprise Market 50 ETF. Top 10 ETF holders. According to industry insiders, ETFs have clear styles and low fees, and have become an important allocation tool for investors. In addition to institutional investors, they will also attract more and more individual investors to participate.
#新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
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Bullish
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The big cake maintains a narrow range of fluctuations and is currently fluctuating at the 59,000 mark. For the morning big cake: step back to around 58,800-58,600, and look to around 59,500-60,000 For the morning concubine: step back to around 2,500-2,480, and look to around 2,550-2,580 CRIC Research: The sales volume of China's top 100 real estate companies in August decreased by 26.8% year-on-year According to a report released by CRIC Real Estate Research, the sales volume of China's top 100 real estate companies in August was 251.2 billion yuan, a decrease of 10% month-on-month and 26.8% year-on-year, and the decline was further expanded by 7.1 percentage points compared with July. #新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
The big cake maintains a narrow range of fluctuations and is currently fluctuating at the 59,000 mark.

For the morning big cake: step back to around 58,800-58,600, and look to around 59,500-60,000

For the morning concubine: step back to around 2,500-2,480, and look to around 2,550-2,580

CRIC Research: The sales volume of China's top 100 real estate companies in August decreased by 26.8% year-on-year
According to a report released by CRIC Real Estate Research, the sales volume of China's top 100 real estate companies in August was 251.2 billion yuan, a decrease of 10% month-on-month and 26.8% year-on-year, and the decline was further expanded by 7.1 percentage points compared with July.
#新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
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The train continues to depart in the evening. The pie is 59,600 Kong, and the concubine is 2,525 Kong. Get off safely Solving problems is more important than pursuing right and wrong. With this awareness, you will not have too many unnecessary emotions when encountering things. U.S. stocks will be closed next Monday Due to the Labor Day holiday in the United States, U.S. stocks will be closed for one day on September 2 (next Monday). On that day, CME’s precious metals, U.S. crude oil, and stock index futures contract trading will end early, and ICE’s Brent crude oil futures contract trading will also end early, so please pay attention. #新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
The train continues to depart in the evening.

The pie is 59,600 Kong, and the concubine is 2,525 Kong.

Get off safely

Solving problems is more important than pursuing right and wrong. With this awareness, you will not have too many unnecessary emotions when encountering things.

U.S. stocks will be closed next Monday
Due to the Labor Day holiday in the United States, U.S. stocks will be closed for one day on September 2 (next Monday). On that day, CME’s precious metals, U.S. crude oil, and stock index futures contract trading will end early, and ICE’s Brent crude oil futures contract trading will also end early, so please pay attention.
#新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
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Bullish
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The price of Bitcoin maintained a volatile trend in the morning, hovering around the 59,000 mark, and is currently fluctuating around 59,300. For afternoon trading: if it falls back to around 59200-59000, it can go to around 59800-60300 For afternoon trading: if it falls back to around 2520-2500, it can go to around 2570-2600 Today's key financial data and events: ① 17:00 Eurozone August Industrial and Economic Sentiment Index ② 17:00 Eurozone August Consumer Confidence Index Final Value ③ 20:00 Germany August CPI Monthly Rate Initial Value ④ 20:30 Canada's Second Quarter Current Account ⑤ 20:30 U.S. Initial Jobless Claims for the Week Ending August 24 ⑥ 20:30 U.S. Second Quarter Real GDP Annualized Quarterly Rate Revised Value ⑦ 22:00 U.S. July Existing Home Sales Index Monthly Rate ⑧ 22:30 U.S. EIA Natural Gas Inventory for the Week Ending August 23 ⑨ 03:30 the Next Day Fed's Bostic delivered a speech #新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
The price of Bitcoin maintained a volatile trend in the morning, hovering around the 59,000 mark, and is currently fluctuating around 59,300.

For afternoon trading: if it falls back to around 59200-59000, it can go to around 59800-60300

For afternoon trading: if it falls back to around 2520-2500, it can go to around 2570-2600

Today's key financial data and events:
① 17:00 Eurozone August Industrial and Economic Sentiment Index
② 17:00 Eurozone August Consumer Confidence Index Final Value
③ 20:00 Germany August CPI Monthly Rate Initial Value
④ 20:30 Canada's Second Quarter Current Account
⑤ 20:30 U.S. Initial Jobless Claims for the Week Ending August 24
⑥ 20:30 U.S. Second Quarter Real GDP Annualized Quarterly Rate Revised Value
⑦ 22:00 U.S. July Existing Home Sales Index Monthly Rate
⑧ 22:30 U.S. EIA Natural Gas Inventory for the Week Ending August 23
⑨ 03:30 the Next Day Fed's Bostic delivered a speech
#新币挖矿DOGS #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落
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Two consecutive hits of Kongtan, perfect harvest The pie received a total of 1,900 points, and the concubine received 80 points! It's okay to let others down once in a while, but never let yourself down. Trump hints he may not participate in only finalized debate with Harris Republican U.S. presidential candidate Donald Trump has cast a shadow over the only debate he and Democratic nominee Harris have agreed on, just about two weeks before the agreed-upon date. Trump posted on the Truth Social platform on Sunday night, criticizing ABC News, the host of the September 10 debate, alluding to its bias in favor of Harris and asking, "Why should I debate Harris on that station?" He also Said, "Why did Harris reject Fox, NBC, CBS and even CNN?" The Harris campaign issued a statement on Monday saying that the two sides had a dispute over whether their microphones should be muted when the other candidate spoke. #美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落 #美国7月PPI低于预期
Two consecutive hits of Kongtan, perfect harvest

The pie received a total of 1,900 points, and the concubine received 80 points!

It's okay to let others down once in a while, but never let yourself down.

Trump hints he may not participate in only finalized debate with Harris
Republican U.S. presidential candidate Donald Trump has cast a shadow over the only debate he and Democratic nominee Harris have agreed on, just about two weeks before the agreed-upon date. Trump posted on the Truth Social platform on Sunday night, criticizing ABC News, the host of the September 10 debate, alluding to its bias in favor of Harris and asking, "Why should I debate Harris on that station?" He also Said, "Why did Harris reject Fox, NBC, CBS and even CNN?" The Harris campaign issued a statement on Monday saying that the two sides had a dispute over whether their microphones should be muted when the other candidate spoke.
#美联储何时降息? #MtGox钱包动态 #新币挖矿TON #美国CPI数据连续第4个月回落 #美国7月PPI低于预期
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Bearish
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Europe's growth woes Signs of economic distress are mounting across the euro zone, and confidence in Germany, the bloc's largest member, has plummeted. Olli Rehn, a member of the European Central Bank's Governing Council, said growth risks strengthen the case for the ECB to resume easing at its meeting next month. Over the past six weeks, Aspect Capital Ltd's quantitative models have switched from shorting the euro to long it, with the euro having a chance to rise against the pound, franc and Norwegian krone. Mount Lucas Management LLC expects the euro to continue to rise against the dollar to 1.20. Elias Haddad, senior market strategist at Brown Brothers Harriman, said the euro will almost certainly pare its gains as the Fed has not eased as much as the market expected compared with the Bank of China. "We still believe that the divergence remains and should continue to support the dollar," Haddad said. "The market is too pessimistic about the U.S. economy."
Europe's growth woes

Signs of economic distress are mounting across the euro zone, and confidence in Germany, the bloc's largest member, has plummeted. Olli Rehn, a member of the European Central Bank's Governing Council, said growth risks strengthen the case for the ECB to resume easing at its meeting next month.

Over the past six weeks, Aspect Capital Ltd's quantitative models have switched from shorting the euro to long it, with the euro having a chance to rise against the pound, franc and Norwegian krone. Mount Lucas Management LLC expects the euro to continue to rise against the dollar to 1.20.

Elias Haddad, senior market strategist at Brown Brothers Harriman, said the euro will almost certainly pare its gains as the Fed has not eased as much as the market expected compared with the Bank of China.

"We still believe that the divergence remains and should continue to support the dollar," Haddad said. "The market is too pessimistic about the U.S. economy."
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Will Powell's speech tonight trigger a crisis for the euro?The euro has enjoyed a strong August rally, reaching a one-year high against the dollar on Wednesday, but cautious comments from Federal Reserve Chairman Jerome Powell on Friday could reverse that momentum. The euro has long been the easiest way for market participants to bet against the U.S. economy because sellers can easily find buyers and vice versa. The EUR/USD currency pair has a daily trading volume of approximately $2.29 trillion, accounting for approximately one-third of global foreign exchange trading volume! Money managers betting the Federal Reserve is heading into a rate-cutting week have snapped up euros every day for the past two weeks, according to Bank of New York Mellon, the world's largest custodian bank with access to more than $45 trillion in assets.

Will Powell's speech tonight trigger a crisis for the euro?

The euro has enjoyed a strong August rally, reaching a one-year high against the dollar on Wednesday, but cautious comments from Federal Reserve Chairman Jerome Powell on Friday could reverse that momentum. The euro has long been the easiest way for market participants to bet against the U.S. economy because sellers can easily find buyers and vice versa.
The EUR/USD currency pair has a daily trading volume of approximately $2.29 trillion, accounting for approximately one-third of global foreign exchange trading volume!
Money managers betting the Federal Reserve is heading into a rate-cutting week have snapped up euros every day for the past two weeks, according to Bank of New York Mellon, the world's largest custodian bank with access to more than $45 trillion in assets.
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