Market Focus Analysis:
Pulse Focus 1: U.S. Treasury Secretary Yellen stated that a single repo operation could exceed $4 billion in scale, and may also announce intensified fiscal discipline—suggesting we might have already seen the peak of the deficit.
Focus Interpretation: Markets won’t buy into verbal promises from Yellen. Fiscal tightening appears to contradict President Trump’s desire to expand military spending; moreover, with the U.S. economy and employment struggling, reducing government spending would further dampen economic data.
Instrument Reminder: London gold has stabilized above the 4480/4500 zone, maintaining an upward breakout pattern consistent with its bullish trend. The momentum is likely to remain unchanged until the central bank’s annual meeting.
Pulse Focus 2: Corporate bankruptcy filings in the U.S. surpassed 600,000 in 2026, reaching the highest level since the pandemic.
Focus Interpretation: The surge in corporate bankruptcies underscores the reality of the weak labor market. Expectations of rate hikes need further suppression, while rising expectations for rate cuts are essential to ease pressure on the U.S. economy.
Instrument Reminder: EUR/USD broke through the 1.15 level toward 1.17, hitting a near three-month high. If prices can hold above 1.17, the next target will be 1.1850.
Plugin Case Examples
Gold: Yesterday, the blue plugin signaled a break above 4518, suggesting a buy limit at the blue zone upon pullback—resulting in a 2:1 risk-reward trade. Today, we continue monitoring momentum breaks but remain cautious about short-term liquidity due to weekend factors.
(Gold 15-minute chart)
Nasdaq: Overnight, after breaking below the converging range, prices continued to fluctuate lower, though the new lows were limited. Today, we watch whether the 29300 level can be reclaimed and held. If successful, we’ll consider a buy limit on a pullback.
(Nasdaq 15-minute chart)
Crude Oil: Prices remain consolidated below $90, and given the proximity to the weekend, we recommend waiting one day. Short-term momentum appears insufficient, requiring further development of the Strait Protocol 2.0.
(Crude oil 15-minute chart)
Key Economic Data and Events Today:
16:00 Eurozone August Manufacturing PMI Flash Estimate
16:30 UK August Manufacturing PMI Flash Estimate
21:45 US August S&P Global Manufacturing PMI Flash Estimate
