Market Focus Analysis:
Pulse Focus 1: U.S. June PPI dropped sharply, falling from a previous reading of 6.5% and an expected 6.2% to 5.5%, a significant decline of 1%.
Focus Insight: The sharp drop in PPI and the CPI data have resonated with each other, further confirming that U.S. inflation has peaked and is declining. This significantly reduces expectations for a July Fed rate hike, serving as a positive factor for gold and U.S. equities in the medium to long term.
Asset reminder: The Nasdaq 100 index rebounded after overnight testing the 29,200 liquidity level. Intraday focus is on whether it can reclaim and hold above the 29,500/29,550 zone. If it holds above this range, the next targets remain at 29,800 and 30,000.
Pulse Focus 2: On Thursday, the KOSPI plunged more than 7% during trading. The Bank of Korea announced its first interest rate hike in over three years; meanwhile, a time bomb involving leveraged ETFs also detonated—major leveraged ETFs tracking Samsung and SK Hynix lost nearly 9 trillion won within two weeks.
Focus Analysis: The combination of South Korea’s widespread leveraged stock trading and the central bank’s interest rate hike has jointly triggered a sharp price drop.
Asset reminder: The South Korean KOSPI index has recently experienced multiple circuit breakers, clearly reflecting its weak momentum during declines. Due to high leverage and the possibility of further interest rate hikes by the Bank of Korea, the likelihood of new price highs has diminished, and a wide-range volatile pattern may persist.
Plugin Case Demonstration
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Gold: Yesterday, our plugin showed strong performance in the green buy limit zone, providing two consecutive support waves with a risk-reward ratio of approximately 3:1. Today, we will continue to monitor potential upside opportunities following price fluctuations. Liquidity sweep may occur near the 4000 level on the downside; acceleration opportunities should only be considered after a breakout above 4060. For detailed positions, please consult the plugin.
(Gold 15-minute chart)
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Nasdaq: Yesterday’s price drop indeed swept away liquidity below 29,500, but there was no rebound to reclaim the level. Closely monitor today’s recovery around the 29,600 area and watch for momentum signals to enter. 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: trading within a wide range with strong uncertainty. We recommend waiting and observing for the day. For detailed positions, please consult the plugin.
(Crude Oil 15-minute Chart)
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Today’s key financial data and events to watch:
20:30 U.S. Initial Jobless Claims for the Week Ended July 11 (in thousands)
20:30 U.S. June Retail Sales Month-on-Month
