"US October Non-Farm Payrolls Shockingly Weak; Gold Surges Then Retreats"

Hot spot tracking

• The number of new non-farm payrolls in the United States in October was 12,000, the smallest increase since December 2020; traders increased their bets that the Federal Reserve would cut interest rates by 25 basis points next week. Fitch: The "real number" of non-farm payrolls in October may be an increase of 119,000. Bearish for the dollar.

• South Korea, the United States, and Japan held a joint air exercise with B-1B bombers. Bullish for the crude oil and gold.

• OPEC+ agreed to postpone its planned production increase of 180,000 barrels per day by one month, which is bullish for crude oil.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.43%1.083531.0881GBP/USD▲0.18%1.2921.29645AUD/USD▼-0.35%0.655870.65931USD/JPY▲0.59%152.964152.428GBP/CAD▲0.40%1.803081.80426NZD/CAD▼-0.13%0.831660.83229

• 📝 Review:Last Friday, the US dollar index reversed V-shaped and nearly recovered all the losses during the week, despite the unexpectedly weak US non-farm payrolls report in October. This was mainly because the market realized that the data distorted by hurricanes and Boeing employee strikes would not prompt the Fed to cut interest rates sharply. It finally closed down 0.4% at 104.31. The US Treasury yield rebounded after refreshing the daily low, with the benchmark 10-year US Treasury yield closing at 4.386%; the two-year US Treasury yield closed at 4.21%.

• 🕵️ Operation suggestion:USD/JPY 152.079 Sell Target Price 151.070

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-0.36%2734.12736.08Silver▼-0.77%32.37132.39

• 📝 Review:As the U.S. dollar and U.S. bond yields remained strong, spot gold rose and fell after the release of non-farm data. It finally closed down 0.32% at $2,735.16/ounce, falling for the second consecutive day, marking the worst single-week performance since August. Spot silver once returned to the 33 mark, and then continued to give up gains. It finally closed down 0.73% at $32.42/ounce.

• 🕵️ Operation suggestion:Gold 2739.47 Sell Target Price 2708.35

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-1.53%69.20770.495Brent Crude Oil▼-1.46%72.93774.245

• 📝 Review:International crude oil fell from its highs, as analysts expected Iran's retaliation against Israel to be restrained, and the record high of US crude oil production and weak economic data caused concerns about demand. WTI crude oil fell nearly $2 from its intraday high and finally closed down 1.65% at $69.13 per barrel; Brent crude oil closed down 1.57% at $72.86 per barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 70.364 Buy Target Price 71.213

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲0.31%20026.4320012.95Dow Jones▲0.55%42035.641982.5S&P 500▲0.25%5726.355721.15▼0.00%17559.317559.3US Dollar Index▲0.41%104.19103.82

• 📝 Review:The Dow Jones Industrial Average closed up 0.69%, the S&P 500 rose 0.41%, and the Nasdaq rose 0.8%. Most of the star stocks rose, Intel (INTC.O) rose 7.8%, Amazon (AMZN.O) rose 6.1%, and Apple (AAPL.O) fell 1.3%. The Nasdaq China Golden Dragon Index closed up 0.1%, Xpeng Motors (XPEV.N) rose 2.5%, Li Auto (LI.O) rose 0.2%, and NIO (NIO.N) fell 0.1%.

• 🕵️ Operation suggestion:Nasdaq 100 20024.181 Sell Target Price 19722.080

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-0.35%69122.368830.3Ethereum▼-0.84%2468.42457.7Dogecoin▼-4.83%0.151450.15108

• 📝 Review:Judging from the overall market trend, Bitcoin is currently in a clear downward trend. As of now, the price of Bitcoin has fallen below the key support level of 70,200 points. Although there was a small rebound in the evening, it does not indicate that the market has bottomed out. Bitcoin's daily chart has shown signs of consolidation divergence, which may indicate that the price will fall further.

• 🕵️ Operation suggestion:BitCoin 68484.3 Sell Target Price 67513.2