Trump's Win Triggers Sharp US Dollar Rally; Gold Plummets Nearly $85!

TOPONE Markets | 2024-11-07 11:57

Zusammenfassung：Hot spot tracking US election-Trump has achieved a "red wave" across the United States. Harris congratulated Trump on his election. The Republican Party took control of the Senate and is expected t

Hot spot tracking

US election-Trump has achieved a "red wave" across the United States. Harris congratulated Trump on his election. The Republican Party took control of the Senate and is expected to maintain control of the House of Representatives. The market is paying attention to Trump's cabinet candidates.

Musk's wealth increased by $20.9 billion on Wednesday, firmly securing his spot as the world's richest man. Bullish for Tesla.

In the U.S. Gulf of Mexico, 17.4% of oil production was shut down due to Hurricane Rafael, and 7% of natural gas production was shut down.

Product Hot Comment

Forex
ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-1.80%1.072841.07293GBP/USD▼-1.18%1.287831.28767AUD/USD▼-0.92%0.65720.65712USD/JPY▲1.99%154.623154.54GBP/CAD▼-0.36%1.795021.79466NZD/CAD▼-0.27%0.827490.82798
📝 Review:On Wednesday, the dollar index surged to a four-month high as Trump's immigration, tax and trade policies after the election are expected to stimulate higher growth and inflation in the United States. It finally closed up 1.686% at 105.16, the largest single-day increase since March 2020. U.S. bond yields rose across the board, with the benchmark 10-year U.S. bond yield closing at 4.435%; the two-year U.S. bond yield closed at 4.266%.
🕵️ Operation suggestion:USD/JPY 154.420 Buy Target Price 155.856

Gold
ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-3.08%2658.972659.31Silver▼-4.52%31.15531.15
📝 Review:Spot gold plunged nearly $85 to a three-week low as investors poured into the U.S. dollar after Trump was elected president. It closed down 3.08% at $2,659.56 per ounce, the biggest one-day drop in five months. Spot silver closed down 4.56% at $31.17 per ounce.
🕵️ Operation suggestion:Gold 2663.59 Sell Target Price 2602.26

Crude Oil
ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-0.22%71.53571.564Brent Crude Oil▼-0.41%75.03975.077
📝 Review:International crude oil prices reversed in a V-shape as investors weighed the strong dollar against the possibility that Trump's foreign policy plans could squeeze global oil supply. WTI crude oil fell below the 70 mark during the session, then erased some of the losses and finally closed down 0.22% at $71.56 per barrel; Brent crude oil closed down 0.38% at $75.06 per barrel.
🕵️ Operation suggestion:WTI Crude Oil 71.473 Buy Target Price 74.315

Indice
ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲2.66%20785.520809.53Dow Jones▲3.45%43763.843804.3S&P 500▲2.36%5927.65932▼0.00%17559.317559.3US Dollar Index▲0.81%104.91104.92
📝 Review:The three major U.S. stock indexes all soared on the first trading day after the U.S. presidential election. The Dow Jones Industrial Average closed up 3.57%, the S&P 500 rose 2.5%, and the Nasdaq rose 2.9%, all setting new highs. Evita (NVDA.O) rose 3% to a new high, Tesla (TSLA.O) rose 14.75%, and Trump Media Technology Group (DJT.O) rose 6%. The Nasdaq China Golden Dragon Index closed down 1.8%, Alibaba (BABA.N) fell 2.5%, and NIO (NIO.N) fell more than 5%.
🕵️ Operation suggestion:Nasdaq 100 20797.280 Buy Target Price 21022.209

Crypto
ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲9.09%75868.475618.3Ethereum▲10.41%2685.52734.8Dogecoin▲16.13%0.198070.19848
📝 Review:Currently, the overall trend of the cryptocurrency market shows a strong upward trend. The price of Bitcoin remains below $74,800, but the market volatility is significant. The price fluctuated dramatically last night. Currently, Bitcoin is in a strong upward trend, which may not end yet. Market analysts generally believe that Bitcoin has entered the second wave of the main upward trend, indicating a large-scale upward trend.
🕵️ Operation suggestion:BitCoin 75592.6 Buy Target Price 77859.5