Group 1: Global Trade and Economic Outlook - The World Trade Organization has revised the global goods trade growth forecast for 2025 from 2% to -0.2%, indicating a significant downturn in trade activity [1] - The International Monetary Fund has also lowered its global economic growth forecast from 3.3% to 2.8%, highlighting rising stagflation risks [1] - Central bank policies are diverging, with the Federal Reserve maintaining its stance while three European central banks have opted for interest rate cuts to combat recession pressures, increasing market uncertainty [1] Group 2: Investment Platform Requirements - Investors need trading platforms that offer both flexibility and security to navigate the complexities of the financial market [3] - An effective trading platform should leverage technological innovation and strict compliance to create a risk "moat" for investors [3] Group 3: AC Capital Markets (ACCM) Offerings - ACCM provides a comprehensive asset coverage and a two-way trading mechanism to offer risk diversification and enhanced returns amid market volatility [4] - The platform includes a diverse range of products such as forex, precious metals, indices, and commodities, allowing investors to utilize leverage up to 1:800 and trade with competitive spreads [4] - ACCM supports both long and short trading strategies, enabling profit opportunities regardless of market direction [4] Group 4: Technological Advancements in Trading - ACCM enhances trading experiences through cutting-edge financial technology, improving decision-making efficiency and investment success rates [6] - The platform features global data centers for low-latency order execution, ensuring rapid response in high-frequency trading environments [6] - ACCM incorporates advanced trading tools like MT5, Autochartist, and Trading Central to assist investors in market predictions and strategy development [6] Group 5: Future Investment Landscape - Despite ongoing global trade challenges, ACCM identifies emerging short-term investment opportunities through product innovation and technological empowerment [8] - The platform aims to become a central hub for wealth management as supply chain regionalization and digital currency systems evolve [8]

Group 1 - The Nasdaq 100 index increased by 1.4% on June 24, 2025, while major U.S. stock indices opened higher, with the Nasdaq Composite reaching a new high, indicating strong performance among large tech stocks [1] - According to Zhongyin International, major U.S. indices experienced slight declines this week, with the S&P 500 down by 0.2% and the Nasdaq 100 remaining flat compared to the previous week [1] - The Nasdaq 100 index has a price-to-earnings (P/E) ratio of 33.5, with a Z-Score of 0.8, suggesting that its valuation is above historical averages, reflecting a resilient performance in the tech sector despite rising market risk aversion [1] Group 2 - The MSCI Global Index fell by 0.4%, and the MSCI Developed Markets (excluding the U.S.) index decreased by 1.4%, while the Nasdaq 100's flat performance outperformed most market indices [1] - The Nasdaq ETF tracks the total return index of the Nasdaq 100, which includes the performance of the 100 largest non-financial companies listed on the Nasdaq, accounting for dividend reinvestment [1] - The index's constituent stocks are primarily concentrated in technology, healthcare, and consumer services sectors, providing a comprehensive reflection of the overall market performance of large growth-oriented companies in the U.S. [1]

Group 1 - London gold prices maintained a volatile trend on June 26, opening at $3,332.09 per ounce, reaching a high of $3,339.76, and a low of $3,328.99, closing at $3,335.89 with a slight increase of 0.12% [1] Group 2 - Despite a recent ceasefire between Israel and Iran, the geopolitical situation remains fragile, with President Trump indicating potential discussions regarding a nuclear agreement with Iran, while expressing skepticism about its necessity [2] - Trump's comments have reignited market concerns over the Middle East, following a period of reduced tensions that had previously led to significant declines in international oil and gold prices [2] Group 3 - From a technical perspective, gold prices are currently fluctuating near a critical support level of $3,300 per ounce, with previous declines forming a long lower shadow, indicating some bullish resistance at this level [3] - If gold prices stabilize above $3,300 and break through short-term moving average resistance, a rebound may occur; conversely, a drop below this support could lead to further declines, with the next key support level at $3,250 per ounce [3]

特朗普宣布以色列与伊朗达成全面停火协议后，市场避险情绪显著降温，黄金价格早盘一度暴跌超30美 元。尽管停火协议稳定性存疑，但风险偏好回升主导市场走势，股市反弹、油价下跌，避险资产需求下 降。北京时间22:00鲍威尔将发表半年度货币政策证词，市场关注其关于7月降息时机的表态。当前美联 储内部对降息分歧加剧，若鲍威尔释放年内降息次数有限信号，可能强化美元反弹、压制金价；反之若 立场偏鸽，或缓解金价下行压力。短期来看，地缘风险消退与风险偏好升温是金价下跌主因，但美元走 弱及美联储潜在鸽派倾向仍提供支撑。中长期而言，全球经济不确定性、地缘政治风险及美联储宽松政 策预期仍构成黄金结构性支撑。 操作策略： 1.黄金建议回调3287-3292区域做多，止损在3280，目标3320-3340 文章没有太多华丽的语言与鸡汤，一直如此，我相信每一位读者缺乏的不是鸡汤，而是实实在在的分析 与强大的理论，我是翁富豪老师，最后祝大家交易愉快。免责申明:以上纯属个人观点分享，不构成操 作建议，投资有风险，盈亏自负。 从技术面来看，黄金日线级别均线系统呈现交织状态，多空力量相对均衡。当前上方关键阻力位于3350 附近，该位置是重要心理关口 ...

Gold Market - Gold prices dropped sharply as the market's risk aversion decreased following the announcement of a ceasefire between Iran and Israel, leading to increased selling pressure [1] - The ceasefire has reduced geopolitical risks in the Middle East, resulting in a significant decline in global inflation risks and a shift in investor preference towards higher-yielding assets like stocks [1] - Market sentiment has improved, and it is likely that funds will continue to flow out of gold, making it less attractive in the near term [1] - Technical analysis indicates a high probability of a large bearish candle on the daily chart, with potential short-term support at the long-term moving average [1] Oil Market - Oil prices reversed their upward trend due to the easing of geopolitical tensions in the Middle East, which had previously threatened oil transportation [2] - The likelihood of Iran closing the Strait of Hormuz has dropped from over 50% to 4% as the conflict subsides, removing the rationale for rising oil prices [2] - Despite the reduction in geopolitical risks, the fundamental outlook for oil remains weak due to oversupply, and OPEC+ is expected to continue increasing production, limiting price rebounds [2] - Technical indicators suggest a high probability of a large bearish candle on the daily chart, with potential short-term resistance at $67.20 [2] Copper Market - Copper prices have shown signs of consolidation with small fluctuations, supported by long-term moving averages [3] - The 4-hour chart indicates a clear upward shift in price action, suggesting a potential for continued volatility around the support level of $4.80 [3] Nikkei 225 Index - The Nikkei 225 index is at a high price level with a bullish moving average arrangement, indicating a strong potential for continuation of the upward trend [4] - However, the index may face a pullback after failing to challenge previous highs, with short-term support around 38,130 [4]

全球股市沸腾！ 当地时间6月24日，美国总统特朗普称，以色列和伊朗停火协议现已生效，警告各方不要违反协议。此前，伊 朗国家电视台宣布，伊朗对以色列停火。随后，以色列总理内塔尼亚胡确认，以色列同意停火。 在停火协议生效的消息传开后，欧美股市大幅上涨，亚太市场、中东地区主要股指也集体走强。其中，巴基斯 坦KSE-30指数一度涨超5%，盘中暂停交易。截至记者发稿时，巴基斯坦股市已恢复交易，KSE-30指数涨幅 扩大至5.57%，KSE-100指数涨5.2%。 不过，停火协议生效后，以色列方面称，伊朗再次发射了导弹。据央视新闻报道，当地时间24日，以色列国防 军称，已侦测到伊朗再次发射弹道导弹。以色列的防空系统正在工作，提醒公众进入掩体躲避，直至另行通 知。预计未来几分钟内，以色列北部地区将拉响警报。以色列方面表示，至少有一枚弹道导弹从伊朗向以色列 发射，该导弹很可能已被拦截。目前尚无人员伤亡报告。 不过，伊朗官方媒体否认停火实施后伊朗向以色列 发射导弹。 当地时间24日，以色列国防部长卡茨表示，他已指示以色列国防军"对伊朗违反停火协议的行为作出有力回 应，对德黑兰市中心的目标进行猛烈打击"。 来看详细报道！ 集体上 ...

原油方面，上的多快，跌的就有多狠，上个交易日早盘高开高走冲击到78一线，然后大幅的回落，晚间二次冲高到75附近承压大幅回 落，早盘更是一波杀跌到了64.3附近，这样的跌幅基本是回吐了战乱以后的全部涨幅，回到了伊朗以色列开火前的位置，目前的关注 64附近前期箱体的上方平台支撑，上方关注71附近压力情况，操作上短期继续看反复的宽幅整理了。 黄金低多接连兑现，大跌正是进场的机会！ 前一秒还打得如火如荼，说停火就停火，美国刚直接介入战局，就结束了，只能说特朗普是天生的演员，给市场演了一出好戏，因为 特朗普最不愿意看到的就是高油价，因为会加剧通胀，然后美联储降息就会更加慢，这跟他自己的计划有出入，所以就有了这一出好 戏，市场避险情绪有所下降，黄金在昨天探底回升冲高到3393一线之后没能再破高点开始震荡回落，早间在市场确认伊朗以色列停火 之后也是惯性走出一波快速探底到3333附近企稳反抽，这个位置也是前期多次顶底转换的关键支撑带，随着美联储释放降息的信号， 目前避险情绪回归正常之后后续依旧看好黄金探底之后继续走高了，上方关注3365附近日内关键压力情况。 6/24黄金原油参考思路 黄金回踩在3344/46附近多，防守33 ...

Geopolitical Analysis - Iran's retaliatory actions against the U.S. led to a ceasefire, reducing geopolitical tensions and market risk aversion, which in turn pressured gold prices [1] - Trump's unexpected "thank you" remarks regarding Iran's response further eased tensions, contributing to a decline in gold prices [1] - The combination of reduced geopolitical risks and the Federal Reserve's hawkish stance on monetary policy is expected to exert downward pressure on gold prices in the future [1] Technical Analysis - Gold prices experienced significant volatility, with a failure to break through the key resistance level of 3400, indicating weak upward momentum [3] - The price has fallen below the important support level of 3335, suggesting a potential continuation of the downtrend [3] - Current technical structure appears weak, with a focus on the critical support area around 3320; a break below this level could open further downside towards the psychological level of 3300 [3]

1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core Viewpoints of the Report - From June 16th to June 20th, the Fed's June FOMC meeting kept rates unchanged, the Middle - East geopolitical situation further escalated, the US dollar index rose weekly, stocks and bonds were weak, and commodities continued to rise. In general, commodities > bonds > stocks in terms of USD - denominated assets [3][6]. - In China, from June 16th to June 20th, the year - on - year growth rate of industrial added value of large - scale industries in May was lower than expected, the year - on - year growth rate of total retail sales of consumer goods in May was higher than expected, and the year - on - year growth rate of urban fixed - asset investment from January to May was 3.7%, lower than expected. The year - on - year decline of national real estate development investment from January to May was 10.7%. The stock market declined, and the bond market and commodities rose. Generally, commodities > bonds > stocks [3]. - The market will focus on the Middle - East situation in the short term. The price fluctuations of related large - scale assets, especially energy prices, may increase. It is necessary to closely monitor the situation [3][23]. 3. Summary by Relevant Catalogs 3.1 Global Large - scale Asset Overall Performance - **Global Stock Market**: From June 16th to June 20th, the Middle - East situation increased market risk - aversion, and most global stock markets declined. European stocks performed poorly, and emerging markets were slightly more resilient than developed markets. The VIX index fluctuated weekly [8]. - **Global Bond Market**: From June 16th to June 20th, the Fed's June FOMC meeting maintained the target range of the federal funds rate at 4.25% - 4.5%, in line with market expectations. The divergence of Fed officials' monetary policy expectations increased. Medium - and long - term US bond yields declined, and the 10 - year US bond yield fell 3BP to 4.38% weekly. The bond market fluctuated weekly. Globally, high - yield bonds > credit bonds > government bonds [13]. - **Global Foreign Exchange Market**: From June 16th to June 20th, the US macro data was generally stable, market risk - aversion increased, and the US dollar index rose weekly. Most major non - US currencies depreciated against the US dollar, and the RMB exchange rate fluctuated narrowly. The US dollar index rose 0.63% weekly [14]. - **Global Commodity Market**: The escalation of the geopolitical situation supported the high - level operation of international oil prices. Precious metal prices declined, and the prices of major agricultural products and non - ferrous metals showed mixed trends [16]. 3.2 Domestic Large - scale Asset Performance - **Domestic Stock Market**: From June 16th to June 20th, the geopolitical situation continued to affect equity assets, and most major broad - based A - share indexes declined. The average daily trading volume of the two markets decreased compared with the previous week. In terms of style, large - cap blue - chips were relatively more resilient. Among sectors, banks had the highest gains, while pharmaceuticals and textile and apparel underperformed. The Shanghai Composite Index fell 0.51% weekly [18]. - **Domestic Bond Market**: From June 16th to June 20th, the central bank's open - market operations had a net withdrawal of 799 billion yuan. The capital market remained stable overall. The bond market fluctuated strongly weekly. Generally, government bonds > credit bonds > corporate bonds [21]. - **Domestic Commodity Market**: The domestic commodity market rose overall. Among major commodity sectors, energy had the highest gains, while precious metals underperformed [22]. 3.3 Large - scale Asset Price Outlook - The market will continue to focus on the Middle - East situation in the short term. The price fluctuations of related large - scale assets, especially energy prices, may increase. It is necessary to closely monitor the situation [23].

Group 1 - The geopolitical tensions in the Middle East are increasing, leading to heightened market risk aversion [1] - The current complex market conditions prompt traders to consider strategies for opening and closing positions, as well as adjusting their holdings [1] - There is a focus on identifying effective market breakouts during this period of uncertainty [1]