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On August 5th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.1510%, and the lowest was 0.7360%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0220%, and the lowest was 0.9010%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0210%, and the lowest was 0.9030%.Federal Reserves Schmid: Leverage levels in technology investments are worth discussing.According to JLC Network Technologys calculations, as of the third working day on August 5th, the average price of benchmark crude oil was $82.34 per barrel, with a change rate of -7.90%. Domestic gasoline and diesel retail prices should be reduced by 350 yuan per ton. The adjustments are based on: 1. the structure of domestic crude oil imports and the settlement benchmark commodities; 2. the possibility of slight adjustments based on import structure and other factors during the pricing mechanisms operation, which JLC Network Technology will revise accordingly; 3. at 24:00 on July 31st, domestic gasoline and diesel retail prices were increased by 685 and 655 yuan per ton respectively. Based on the "ten working days" principle, the adjustment window for this round of prices is 24:00 on August 14th.Futures News, August 5th: New developments in the Middle East peace talks caused a sharp drop in crude oil prices. With bearish news and cost factors guiding the fuel oil market, refineries will find it difficult to maintain prices through increased volume. It is expected that todays fuel oil market will maintain a stable to slightly downward trend.As of 8:30 AM Beijing time, spot platinum was up 0.04% and spot palladium was up 0.04%.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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