USD Index Once Broke Above the 106 Level; Gold Dropped to a Near Two-Month Low!

Hot spot tracking

• Fed-Kashkari: Interest rate cuts may be paused if inflation rises unexpectedly before December. Bullish for USD.

• World Gold Council: Global gold ETFs are expected to decrease by US$809 million or 12 tons in the first week of November. COMEX net positions fell by 74 tons. Bearish for gold.

• Situation in the Middle East - Israeli Defense Minister Katz: There will be no ceasefire in Lebanon and will continue to fight Hezbollah with all its strength. The Yemeni Houthis said they attacked the USS Abraham Lincoln aircraft carrier. Bullish for gold and crude oil.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.31%1.062261.06201GBP/USD▼-0.95%1.274721.27486AUD/USD▼-0.64%0.653540.65339USD/JPY▲0.58%154.61154.527GBP/CAD▼-0.77%1.77731.77781NZD/CAD▼-0.46%0.826130.82558

• 📝 Review:On Tuesday, the U.S. dollar index continued its gains, hitting an intraday high of 106.182, and finally closed up 0.404% at 105.93. U.S. bond yields collectively surged, with the benchmark 10-year U.S. bond yield closing at 4.44% and the two-year U.S. bond yield at 4.363%.

• 🕵️ Operation suggestion:USD/JPY 154.727 Buy Target Price 155.829

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-0.80%2598.062598.08Silver▲0.10%30.69630.705

• 📝 Review:Spot gold has fallen for days, once falling below $2,590 per ounce for the first time since September. It finally closed down 0.81% at $2,598.41 per ounce, a new low in the past two months. Spot silver finally closed up 0.14% at $30.74 per ounce.

• 🕵️ Operation suggestion:Gold 2598.59 Sell Target Price 2544.73

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-0.34%67.81367.821Brent Crude Oil▼-0.32%71.59371.598

• 📝 Review:International crude oil fluctuated at low levels as investors digested OPEC's latest reduction in demand growth. WTI crude oil finally closed down 0.29% at US$67.84/barrel; Brent crude oil closed down 0.31% at US$71.61/barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 67.893 Sell Target Price 66.489

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▼-0.11%21102.9521063.1Dow Jones▼-0.71%43981.143920.1S&P 500▼-0.19%5989.255978.35▼0.00%17559.317559.3US Dollar Index▲0.52%105.83105.89

• 📝 Review:The three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 0.86%, the S&P 500 Index falling 0.29%, and the Nasdaq Composite falling 0.09%. Nvidia (NVDA.O) rose 2%, Tesla (TSLA.O) fell 6%, and Trump Media Technology Group (DJT.O) fell 8.8%. The Nasdaq China Golden Dragon Index closed down 4.45%, Alibaba (BABA.N) fell 3.8%, and Xpeng Motors (XPEV.N) fell 10%.

• 🕵️ Operation suggestion:Nasdaq 100 21066.490 Buy Target Price 21366.248

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲0.23%88274.688614.1Ethereum▼-1.89%32793289.1Dogecoin▲15.34%0.377480.39582

• 📝 Review:Bitcoin recently hit a historic high, breaking through the $88,000 mark for the first time. Currently, the market value of Bitcoin has reached US$1.751 trillion, which is approximately 12.68 trillion yuan. This market value has made it surpass silver and become the 8th largest asset in the world. Given Bitcoin‘s strong fundamentals and market sentiment, it’s still possible that it could continue to hit all-time highs.

• 🕵️ Operation suggestion:BitCoin 88132.3 Buy Target Price 90071.1