Group 1 - The market is reacting to a significant increase in initial jobless claims, leading to a drop in yields despite CPI being close to expectations [2][4] - There is a focus on inflation data, with two-year and ten-year yields reaching higher highs, indicating a potential stagflation scenario [2][3] - The Federal Reserve is expected to raise rates by 25 basis points instead of 50, with market participants reassessing the aggressiveness of the easing cycle if inflation remains persistent [4][5] Group 2 - The reversal in yields suggests a double bottom formation, with a rejection of the 4% yield level, which is the lowest close of the year [4][5] - High-yield junk bonds are attracting investors as rate cuts are anticipated, with high yield ETFs closing at their highest level in approximately three and a half years [5]

Group 1 - International silver prices maintained a critical level at $36.30, with a daily high of $36.93 and a low of $36.60, indicating market stability [1] - The U.S. employment report for June exceeded expectations, with the unemployment rate dropping to 4%, suggesting a robust labor market [2] - The optimistic economic data from the U.S. supported a rise in the dollar, impacting silver prices positively [3] Group 2 - Silver prices closed at $36.85, marking a 0.80% increase, and are approaching a double bottom pattern, indicating potential upward movement [3] - A breakthrough above the June 26 high of $36.83 is necessary for silver to challenge the year-to-date high of $37.31 [3] - Key resistance levels for silver are identified at $37.49 and $38.00, while a drop below $36.00 could lead to further declines [3]

Fundamental Analysis - Gold prices surged to approximately $3,357, maintaining a bullish trend due to the passage of Trump's "big and beautiful plan" in the Senate and the approaching deadline for tariff suspension on July 9, prompting investors to seek safe-haven assets [1] - The Republican-majority Senate approved a broad tax and spending bill that will cut several social service programs, potentially increasing the deficit by $3 trillion over the next decade, which may stimulate inflation and increase the debt burden, positively impacting the gold market [1] - Federal Reserve Chairman Jerome Powell reiterated that stable economic activity allows the Fed to wait and observe the impact of tariff increases on prices and economic growth before deciding on interest rate cuts, with a focus on inflation data and labor market signs [1] Technical Analysis - The gold price has formed a standard double bottom pattern at low levels, initiating a strong upward trend, with bullish momentum continuing; a consolidation phase is expected before reaching new highs [4] - The MACD indicator shows a death cross signal, indicating a shift into a consolidation phase, with potential for a new bullish wave after sufficient adjustment [4] Trading Strategy - For gold, a long position is suggested at $3,320 with a stop loss at $3,310 and a target range of $3,335 to $3,357 [5] - For silver, a long position is recommended at $35.80 with a stop loss at $35.50 and a target range of $36.30 to $36.70 [9] News Events - Upcoming economic indicators include the Eurozone unemployment rate for May at 17:00, U.S. Challenger job cuts for June at 19:30, and U.S. ADP employment numbers for June at 20:15 [9]

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - On Monday, New York raw sugar futures rebounded, with the main July contract rising 1.27% to 16.70 cents per pound. London ICE white sugar futures' main August contract rose 1.5% to $472.40 per ton. The current market pressure is the increasing production in Brazil, and recent heavy rainfall in the central - southern Brazil may affect the crushing progress. After the sugar price rebounded from below the previous low, it's necessary to observe if a double - bottom pattern can form [6]. - Yesterday, the main contract of Zhengzhou sugar fluctuated weakly. The 09 contract closed at 5,717 yuan per ton, down 14 yuan or 0.24%, with an increase of 1,295 contracts in positions. The spot prices in domestic producing areas remained unchanged. Zhengzhou sugar did not follow the raw sugar's rebound and was weaker than expected. After the market closed, large speculative short - sellers continued to add positions tentatively, while hedging funds from spot seats continued to withdraw. The short - selling momentum of short - sellers to add positions and suppress prices weakened, and the possibility of a price rebound is relatively high [8]. 3. Summary by Relevant Catalogs 3.1 Market Review and Operation Suggestions - **New York Raw Sugar and London ICE White Sugar**: The main July contract of New York raw sugar futures rose 1.27% to 16.70 cents per pound, and the main August contract of London ICE white sugar futures rose 1.5% to $472.40 per ton. The increasing production in Brazil is the main market pressure, and rainfall may affect the crushing progress. After the sugar price fell below the previous low and rebounded, observe for a possible double - bottom pattern [6]. - **Zhengzhou Sugar**: The 09 contract of Zhengzhou sugar closed at 5,717 yuan per ton, down 14 yuan or 0.24%, with an increase of 1,295 contracts in positions. Domestic spot prices were flat. Zhengzhou sugar did not follow the raw sugar's rebound. Speculative short - sellers added positions tentatively, and spot hedging funds withdrew. The downward momentum of short - sellers weakened, and a price rebound is more likely [8]. 3.2 Industry News - No relevant content provided 3.3 Data Overview - **24/25 Guangdong Sugar Production and Sales**: The cumulative sugar production in Guangdong in the 24/25 season was 654,500 tons, an increase of 122,800 tons year - on - year. As of the end of May, the cumulative sugar sales were 654,500 tons, an increase of 223,600 tons year - on - year; industrial inventory was 0 tons, a decrease of 100,800 tons year - on - year; the sales - to - production ratio was 100%, an increase of 18.97% year - on - year. In May, the single - month sugar sales in Guangdong were 3,900 tons [10]. - **24/25 Xinjiang Sugar Production and Sales**: The final sugar production in Xinjiang in the 24/25 season was 814,200 tons, an increase of 255,600 tons year - on - year. As of the end of May, the cumulative sugar sales were 618,800 tons, an increase of 231,400 tons year - on - year; the sales - to - production ratio was 76%, an increase of 6.65% year - on - year; industrial inventory was 195,400 tons, an increase of 24,200 tons year - on - year. In May, the single - month sugar sales in Xinjiang were 73,700 tons [10]. - **Brazilian Sugar Exports**: Brazil exported 2.2566 million tons of sugar in May, a year - on - year decrease of 19.6%. From April to May in the 2025/26 season, Brazil's cumulative sugar exports were 3.8092 million tons, a year - on - year decrease of 18.84%. As of the week of June 4, the number of ships waiting to load sugar at Brazilian ports was 90, the same as the previous week. The quantity of sugar waiting to be exported was 3.247 million tons, a 4% decrease from the previous week. The quantity of high - grade raw sugar (VHP) was 3.0373 million tons, a 3% decrease from the previous week. The quantity of sugar waiting to be exported at Santos Port decreased 7% from the previous week, and that at Paranagua Port decreased 11% [10].

Group 1 - Dogecoin (DOGE) has recently fallen below the psychological level of $0.20, providing potential buying opportunities for investors amid an overall market correction in the cryptocurrency sector [2] - Analyst DecyX suggests that investors should wait for Dogecoin to drop below $0.187 before considering a buy, targeting an imbalance area between $0.213 and $0.215 [3] - If trading volume is sufficient, Dogecoin could break through $0.235 and challenge a strong high of $0.2597, although the fair value gap has not yet been filled, indicating long-term bullish potential [4] Group 2 - Dogecoin's price is highly correlated with Bitcoin, which recently closed below $106,800, indicating a potentially unstable market that could pose risks for Dogecoin [6] - Technical analysis suggests that Dogecoin may be nearing a bottom, with a possible double bottom formation on the 4-hour chart, indicating that the $0.18 area could serve as a reversal point [7] - As of June 3, 2025, Dogecoin's trading price is approximately $0.1906, showing a slight decline over the past 24 hours, consistent with Bitcoin's overall market trend [8] Group 3 - Key support levels for Dogecoin are identified between $0.1839 and $0.1901; a drop below this range could lead to further declines towards $0.17 [10] - Technical signals such as the double bottom formation on the 4-hour chart, RSI bullish divergence on the daily chart, and a symmetrical triangle breakout on the 1-hour chart are all considered bullish indicators [10][11] - The recent breakout of the symmetrical triangle on the 1-hour chart may push Dogecoin's price back towards the $0.20 mark [11]

Group 1: Currency Exchange and Economic Indicators - The USD/CAD exchange rate fell to around 1.3950 due to a weakening dollar, with upcoming US retail sales data and PPI being focal points [1] - In March 2025, the total value of Canadian building permits decreased by 4.1% month-on-month to CAD 12.88 billion (approximately USD 9.24 billion), marking the largest decline since October of the previous year and exceeding economists' expectations of a 1.2% drop [1] - Year-on-year, the total value of building permits in March increased by 15.0%, with non-residential permits down 14.5% to CAD 4.23 billion, primarily affected by declines in Ontario and British Columbia [1] Group 2: Commodity Prices and Market Sentiment - The upward momentum of the Canadian dollar was reversed due to falling commodity prices, which weakened its strength [2] - Oil prices dropped by 1%, copper prices fell by 0.25%, and gold faced pressure due to weak US inflation data and easing trade tensions [3] - The lack of significant economic data from Canada and the US may continue to anchor the Canadian dollar at lower trend levels [4] Group 3: Technical Analysis and Market Outlook - Key support levels for the Canadian dollar are at the psychological level of 1.3900, the 10-day moving average at 1.3883, and the May 8 low at 1.3814 [5] - Resistance levels are identified at the Wednesday high of 1.3940, the upper Bollinger Band at 1.3963, and the 200-day moving average at 1.4019 [6] - A potential double bottom pattern is forming, but a breakthrough above 1.4015 is needed to confirm an upward trend towards the 1.4160-1.4200 range [6] - If the exchange rate falls below the 1.3900 support, particularly below the critical level of 1.3750, it may accelerate downward to the 1.3650-1.3700 range [7]

北京时间周二(5月6日)亚盘时段，美元指数交投于100.05附近，现货白银今日开盘于32.48美元/盎司，目 前交投于32.92美元/盎司附近，白银t+d交投于8218元/千克附近，沪银主力交投于8238元/千克附近。市 场聚焦于美国3月贸易帐和美国4月全球供应链压力指数。 知情人士：美国拒绝了日本提出的全面豁免10%的对等关税的要求。 白宫称尚未就电影关税做出最终决定。 特朗普：将在未来两周内宣布对医药产品的关税措施。 伊朗外长：如果目的是防止核武器，与美国的协议是可以达成的。 以色列对也门进行空袭；以色列总理：新的加沙行动将会是一次密集的军事行动。将对加沙的人口进行 迁移。 伊朗否认指使胡塞武装袭击以色列。 上周一(5月5日)美元指数跌0.25%，收报99.79，现货白银收报32.48美元/盎司，上涨1.57%，在现货白银 下跌之际，其他贵金属涨跌不一：现货黄金上涨2.91%，报3334.19美元/盎司，现货铂金收涨0.02%，报 960.25美元/盎司；现货钯金收跌0.92%，至942.70元/盎司。 【要闻速递】 美国4月ISM非制造业PMI从3月份的50.8上升至4月的51.6。衡量服务投入价格的指 ...