Group 1 - The article provides a summary of forex trading terms and concepts, focusing on automated trading strategies and their mechanisms [1][5]. - "First position" refers to the initial order in a trading strategy, which significantly impacts subsequent risk levels [1][4]. - "Emergency closing at breakeven" is a mechanism that triggers forced closure of all orders at a no-profit, no-loss point to prevent larger losses, activated when net value drops below 70% [2][4]. Group 2 - "Using a virtual take-profit" indicates that while no explicit take-profit is set, a psychological target is established in the background to avoid slippage by brokers [6][4]. - "OneChartSetup multi-currency mode" allows multiple currency pairs to share parameters on a single chart, reducing the load on trading platforms [7]. - "Automatic Money Management" adjusts the number of lots based on account balance, with aggressive settings opening trades at $1,000 and conservative settings at $5,000 [8]. Group 3 - "Swap Protector" identifies positions that may incur high overnight fees and can close or pause trades to avoid these costs [11]. - "Margin Protector" monitors remaining margin and can close positions or halt trading to prevent account liquidation during volatile market conditions [12]. - "Custom" settings allow traders to personalize their trading strategies, including custom trading times and profit-taking methods [17][18].

金十图示：2025年06月03日（周二）亚盘市场行情 | 现货铂金 XPTUSD | 1062.950 | -2.160 | -0.20% | | --- | --- | --- | --- | | 现货钮金 XPDUSD | 987.250 | +2.080 | +0.21% | | 黄金(COMEX) GC | 3399.500 | -6.900 | -0.20% | | 白银(COMEX) SI | 34.420 | -0.510 | -1.46% | | 美国5年期国债收益率 | 4.012 | -0.007 | | --- | --- | --- | | | | -0.17% | | 美国10年期国债收益率 | 4.452 | -0.009 | | | | -0.20% | | 美国30年期国债收益率 | 4.981 | -0.014 | | | | -0.28% | | 英国10年期国债收益率 리뷰 | 4.662 | -0.013 | | | | -0.28% | | 德国10年期国债收益率 | 2.522 | +0.015 | | | | +0.58% | | 法国10年期国债收益率 | 3. ...

Core Viewpoint - The market's expectations regarding the Federal Reserve's interest rate decisions have subtly shifted, with a high probability of maintaining rates in June and a growing concern for potential rate cuts in July [1][4]. Group 1: Reasons for Maintaining Interest Rates - The probability of the Federal Reserve maintaining interest rates in June is as high as 97.8%, reflecting market assessments of the current economic situation and inflation levels [3]. - Although there are signs of economic recovery in the U.S., growth momentum remains insufficient, particularly in consumption and investment sectors [3]. - Current inflation, while rising, is still within the Fed's 2% target range, and the Fed views this increase as "temporary," influenced by supply chain bottlenecks and rising energy prices [3]. Group 2: Possibility and Considerations for Rate Cuts - Despite the high probability of maintaining rates in June, the market's expectation for a 25 basis point cut in July stands at 22%, indicating concerns about the U.S. economic outlook [4][5]. - Economic growth uncertainty, particularly in consumer confidence and corporate investment, suggests that rate cuts could stimulate borrowing and spending [5]. - Global economic slowdown and ongoing trade tensions are impacting the U.S. economy, and rate cuts could enhance competitiveness and mitigate external pressures [5]. Group 3: Market Reactions and Investor Behavior - Recent declines in U.S. Treasury yields reflect an increased market expectation for rate cuts, while the dollar's exchange rate has also been influenced by anticipated Fed easing policies [6]. - Investors are adjusting their portfolios in response to changing expectations regarding Fed rate decisions, potentially increasing allocations to bonds and equities for higher returns [7]. - The Fed's future rate decisions will depend on economic data performance and global economic dynamics, necessitating investors to closely monitor these factors for timely strategy adjustments [7].

Core Viewpoint - The global central banks are in a continuous wave of interest rate cuts, with various countries like Egypt, Australia, and Canada already taking action, driven by a complex interplay of factors including slowing economic growth and geopolitical tensions [1][3]. Group 1: Economic Environment - The global economic growth forecast has been revised down from 3% in 2024 to 2.8% in 2025, influenced by rising trade protectionism and geopolitical conflicts affecting energy supply chains [1]. - The recent decline in inflation has created space for policy shifts, allowing central banks to lower interest rates [1]. Group 2: Trading Opportunities - The interest rate cut cycle presents three major trading opportunities: - Revaluation of interest-sensitive assets, particularly benefiting the real estate and manufacturing sectors, with a noted lag of 3-6 months for mortgage rates to impact home sales [3]. - Structural market trends in equities, where technology stocks typically outperform in early rate cut phases, while energy stocks may underperform due to weakened demand expectations [3]. - Arbitrage opportunities in commodities, with gold's hedging function becoming more pronounced during periods of declining real interest rates [3]. Group 3: Risks in the Current Environment - Four core risks accompany the interest rate cut environment: - The lag in policy transmission may lead to a delayed response from the real economy to rate cuts [4]. - Debt risks may escalate as emerging markets increase leverage, potentially leading to credit rating downgrades and widening credit spreads [4]. - An escalation in currency wars could arise if the dollar index breaches critical levels, prompting currency interventions and market volatility [4]. - The risk of inflation resurgence if demand rebounds too quickly due to rapid rate cuts [4]. Group 4: Risk Management Strategies - DLSM Forex platform offers a comprehensive risk management framework, including: - Application of macro hedging tools like interest rate options and currency corridor strategies to lock in profits and mitigate risks [4]. - Credit screening of micro-level entities, focusing on cash flow coverage ratios to avoid high-leverage operations [4]. - Dynamic rebalancing of asset portfolios based on macroeconomic data adjustments to respond to market changes [4][5]. Group 5: Impact of AI Revolution - The AI revolution is reshaping trading logic, with significant capital expenditure increases in leading AI companies like Nvidia and TSMC, showing a notable negative correlation with U.S. Treasury yields [5]. - However, there are concerns regarding technological iteration risks and regulatory uncertainties that need to be monitored [5].

Price Performance - The latest price of London Platinum is $1084.00 with no change, and London Palladium is $992.00 with a decrease of $31.00. LME Copper's latest price is $9614.00 with an increase of $105.50 [2] - The latest value of the US Dollar Index is 98.98 with a decrease of 0.14, the Euro to US Dollar exchange rate is 1.14 with no change, the British Pound to US Dollar is 1.36 with no change, and the US Dollar to Japanese Yen is 142.84 with an increase of 0.27 [2] Trading Data - The latest inventory of SHFE Silver is 957.38, with a decrease of 3.26. The latest inventory of SGE Silver is 1574.34 with no change [3] - The SGE Gold's latest deferred fee payment direction is 2, and SGE Silver's is 1, both with no change [3]

Core Viewpoint - The article highlights significant fluctuations in the foreign exchange market, particularly the decline of the US dollar and the rise of the Chinese yuan, alongside Moody's decision to maintain China's sovereign credit rating, which has drawn market attention [1][9]. Currency Market Dynamics - On May 26, the US dollar index fell to 98.6921, marking a three-week low, while both onshore and offshore yuan appreciated, with the offshore yuan (CNH) breaking the 7.17 mark, reaching a high of 7.16155, the highest since December 2024 [1][3]. - The offshore yuan has seen a decline of over 2500 basis points in just over a month, influenced by concerns over the US's dual deficits following Moody's downgrade of the US credit rating from Aaa to Aa1 [6]. Monetary Policy Insights - The Federal Reserve's latest meeting minutes indicated a "hawkish wait-and-see" stance, pushing back rate cut expectations to September, while disappointing durable goods orders data led to short-term profit-taking on the dollar [8]. - Goldman Sachs' forex strategy team suggests that if the dollar index continues to decline, the yuan may test the 7.15 resistance level, but the second half of the year will depend on the divergence in monetary policies between China and the US [8]. Government and Economic Response - Moody's maintained China's sovereign credit rating at "A1" but kept the outlook negative, citing structural challenges in economic growth, including real estate adjustments and local debt risks. However, short-term fiscal stimulus and central bank support provide a buffer [9]. - The Chinese Ministry of Finance responded positively to Moody's decision, highlighting the government's macroeconomic policies since last year's fourth quarter, which have led to improved economic indicators and enhanced market confidence [9].

Group 1: Price Performance - London Gold latest price is $3284.00, with a change of -$15.65 [1] - London Silver latest price is $32.73, with a change of -$0.43 [1] - London Platinum latest price is $1064.00, with a change of $39.00 [1] - London Palladium latest price is $1020.00, with a change of $24.00 [1] - WTI Crude latest price is $61.20, with a change of -$0.37 [1] - LME Copper latest price is $9523.00, with a change of -$52.50 [1] - US Dollar Index latest is 99.94, with a change of 0.34 [1] - Euro to US Dollar latest is 1.13, with a change of -0.01 [1] - British Pound to US Dollar latest is 1.34, with a change of -0.00 [1] - US Dollar to Japanese Yen latest is 144.02, with a change of 0.34 [1] - US 10 - year TIPS latest is 2.20, with a change of -0.03 [1] Group 2: Trading Data - COMEX Silver inventory latest is 15505.22, with a change of -65.12 [1] - SHFE Silver inventory latest is 949.20, with a change of 8.40 [1] - Gold ETF持仓 latest is 923.89, with a change of 4.01 [1] - Silver ETF持仓 latest is 14132.67, with a change of 77.77 [1] - SGE Silver inventory latest is 1574.34, with a change of 0.00 [1] - SGE Gold deferred fee payment direction latest is 2, with a change of 1.00 [1] - SGE Silver deferred fee payment direction latest is 1, with a change of 0.00 [1] Group 3: Other Information - The data sources of the above charts are Bloomberg, Yong'an Yuandian Information, and Wind [4]

Price Performance - London Gold price is 3299.65 with a change of 38.10 [1] - London Silver price is 33.16 with a change of 0.66 [1] - London Platinum price is 1025.00 with a change of 33.00 [1] - London Palladium price is 996.00 with a change of 36.00 [1] - WTI Crude price is 61.57 with a change of -0.46 [1] - LME Copper price is 9575.50 with a change of 103.50 [1] - US Dollar Index is 99.60 with a change of -0.42 [1] - Euro to US Dollar exchange rate is 1.13 with no change [1] - British Pound to US Dollar exchange rate is 1.34 with no change [1] - US Dollar to Japanese Yen exchange rate is 143.68 with a change of -0.82 [1] - US 10 - year TIPS is 2.23 with a change of 0.10 [1] Trading Data - COMEX Silver inventory is 15570.34 with a change of -14.65 [1] - SHFE Silver inventory is 940.80 with a change of 11.58 [1] - Gold ETF持仓 is 919.88 with a change of -1.72 [1] - Silver ETF持仓 is 14054.90 with no change [1] - SGE Silver inventory is 1574.34 with no change [1] - SGE Gold deferred - fee payment direction is 1 with no change [1] - SGE Silver deferred - fee payment direction is 1 with no change [1]

Group 1: US Dollar and Economic Outlook - The Director of the National Economic Council, Hassett, stated that US debt is the safest investment on the planet, and the decision by Moody's to downgrade the rating is retrospective [1] - US Treasury Secretary Basant is expected to attend the G7 finance ministers and central bank governors meeting in Canada, with no trade agreements anticipated to be announced [1] - White House Economic Council Chairman Milan noted that President Trump recognizes the deficit as an issue and has plans to reduce it [1] - White House Press Secretary Levitt indicated that the tax reform bill is closer to passing, emphasizing the necessity of Republican support for Trump's tax plan [1] - Federal Reserve's Bostic mentioned that Moody's downgrade will impact the entire economy and financial markets, reiterating an expected rate cut this year [1] Group 2: Non-US Major Currencies - The Reserve Bank of Australia cut the benchmark interest rate by 25 basis points to 3.85%, marking a return to the "3" range after two years [2] - Japan's 20-year government bond auction saw the lowest subscription ratio since 2012, leading to a spike in bond yields [2] - A member of the Bank of England, Dhingra, expressed support for a 50 basis point rate cut to signal the economic direction [2] - The European Commission's trade commissioner stated that the appreciation of the euro is a double-edged sword [2] - The European Central Bank's Müller did not rule out the possibility of further rate cuts, emphasizing the need for clear justification for significant reductions [2] Group 3: Other Economic Developments - Thailand's finance minister projected a significant slowdown in the Thai economy in the third and fourth quarters [3] - A Russian government source indicated acceptance of the ruble depreciating to 100 against the dollar [3] - A Reuters survey revealed that among 32 analysts, 20 expect the Bank of Indonesia to cut the 7-day reverse repo rate by 25 basis points to 5.50% on May 21 [3]

Price Performance - London Gold price is 3235.40 with no change [4] - London Silver price is 32.02 with no change [4] - London Platinum price is 983.00, down 4.00 [4] - London Palladium price is 962.00, down 17.00 [4] - WTI Crude Oil price is 61.95 with no change [4] - LME Copper price is 9565.00, up 27.00 [4] - US Dollar Index is 101.81 with no change [4] - Euro to US Dollar is 1.11 with no change [4] - British Pound to US Dollar is 1.32 with no change [4] - US Dollar to Japanese Yen is 148.47 with no change [4] - US 10 - year TIPS is 2.16 with no change [4] Trading Data - COMEX Silver inventory is 15698.53 with no change [4] - SHFE Silver inventory is 932.18, up 7.23 [4] - Gold ETF持仓 is 936.51, down 2.58 [4] - Silver ETF持仓 is 13999.75, down 29.70 [4] - SGE Silver inventory is 1626.48 with no change [4] - SGE Gold deferred fee payment direction is 2 with no change [4] - SGE Silver deferred fee payment direction is 1, down 1.00 [4]