In July 2025, the European Central Bank held interest rates steady, yet the euro sharply depreciated against the U.S. dollar, falling as much as 1.2% in a single day.At first glance, the situation seems puzzling: the market strongly expects the Federal Reserve to cut rates in September, while the ECB is likely to keep rates unchanged, leading to a narrowing of the interest rate gap between the U.S. and Europe. Normally, a narrowing interest rate differential tends to support euro appreciation. However, this time the euro experienced an unexpected "flash crash." The root cause is not the interest rate difference itself but the agreement reached on U.S.-EU tariffs. The market widely views this as a major concession from Europe, and the tariff shock is putting substantial pressure on the Euro

Three Core Forces Driving Commodity Market VolatilityThe year 2025 brings the most intense policy-driven turmoil to global commodities in recent memory. Three main forces are reshaping the resource landscape :Supply chain upheaval triggered by impending US tariffsAn escalating crisis in Federal Reserve independence, complicating monetary policySupply-side shifts sparked by China’s “anti-involution” initiativeAs capital and policy interact, NY COMEX copper futures spiked to $9,900/ton, silicon prices surged nearly 6% in a single day, and lithium carbonate jumped 4.55% in one week. Meanwhile, the US dollar index hovered anxiously at the 97.5 mark .US Tariff Deadline: Copper and Aluminum Markets RespondOn July 9th, the Trump administration announced a 50% tariff on imported copper starting Au

Last night, COMEX copper prices experienced an extraordinary surge, with intraday gains exceeding 10% and a peak increase of 17%, setting a historic record. This dramatic movement caused a stir in the market, prompting widespread discussion about the reasons behind the spike in copper futures prices and the potential duration of this rally.Core Drivers Behind the Surge1. Sudden Stimulus from U.S. Tariff PolicyU.S. President Trump unexpectedly announced last night that he is considering imposing an additional 50% tariff on imported copper. This announcement far exceeded prior market expectations and triggered an intense market reaction.Market participants fear that, if implemented, the tariffs will create a structural shortage in U.S. copper supply. This concern led traders and downstream c

Recently, our futures trading section welcomed a new contract member: $1-Ounce Gold - main 2508(1OZmain)$ . Like $Gold - main 2508(GCmain)$ and $E-Micro Gold - main 2508(MGCmain)$, it is also a futures product under the CME Group. The 1OZ gold contract requires lower margin and is more flexible.If you want to find it, simply search for $1-Ounce Gold - main 2508(1OZmain)$ in the app and add to your watchlist.How is the 1OZ gold futures contract different from the ones we already know?1. Smaller contract size, lower margin requirement — making gold futures more accessibleThe Gold (GC) futures contract si

In June 2025, the COMEX silver futures market saw an unprecedented surge, with spot silver prices successfully breaking above $36 per ounce—a 13-year high. As of the close on June 10, the July contract settled at $36.64 per ounce, marking a year-to-date increase of 22.54%.Technical Breakthrough and Historical SignificanceSilver prices have decisively breached the psychologically significant $35 per ounce resistance level, signaling a major technical breakthrough after years of consolidation. However, historical data indicate that silver is still trading far below its inflation-adjusted peak; the $50 record reached in 1980 would equate to roughly $180 today. From a technical standpoint, silver’s current move has effectively overcome a key resistance zone, setting the stage for further gains

Last week, easing tariff tensions between the US and China boosted market risk appetite, while Fed Chair Powell’s continued hawkishness had little impact on metals. Gold prices hit new highs and copper stabilized, both benefiting from inflationary pressures and improved tariff expectations.Market Performance OverviewPrecious metals saw strong gains: COMEX gold rose 2.65% and silver 1.09%. Industrial metals also performed well, with COMEX copper up 3.35% and SHFE copper up 1.33%. Notably, the domestic Chinese gold market outpaced global gains, highlighting robust local investment demand.Copper Market InsightsAfter sharp previous swings, copper prices steadied last week. Easing US-China tariff rhetoric supported market sentiment, even though substantial action is pending. Interestingly, Powe

I. How did @666 Dazi make $1.55 million?Last week, the US stock market experienced a sharp decline followed by a significant rebound. This historic market movement caused panic among many investors.A futures trader named 666 Dazi posted a screenshot early on Friday, April 12, showing a profit of $1.55 million. He is likely another mysterious big shot.From his brief sharing, it appears that he made a profit of $1.55 million by shorting one contract of $E-mini Nasdaq 100 - main 2506(NQmain)$ .It is worth noting that on April 10, the Nasdaq fell by 852 points, rose by 2,121 points on April 9, and fell by 1,165 points on April 4. The historic volatility of the market last week was evident to all.In the futures market, such volatility can indeed le

The US stock market is undergoing significant turmoil, with concerns over the economy intensifying. President Trump’s announcement of large-scale tariffs has triggered a wave of panic selling in global markets. Further complicating the market outlook, several economic indicators point toward the possibility of a recession. Experts believe that whether the market will experience another massive sell-off depends largely on whether fears of an imminent economic recession are debunked.Growing Recession Risk in the US EconomyEconomic Data Signals Trouble AheadRecent economic predictions paint a grim picture. The Atlanta Fed’s GDPNow forecasting model has downgraded its outlook for first-quarter 2025 US real GDP growth from 2.3% to a contraction of 2.825%, marking the worst quarter for the US ec