The Fed’s actions in December remain a mystery; gold and the U.S. index fall into ranges!

TOPONE Markets | 2024-12-05 10:36

Abstract：Hot spot trackingSt. Louis Fed President Mussallem: Rate cuts may be paused at the December meeting or later.Bank of England Governor Bailey: The UK is expected to cut interest rates four times next y

Hot spot tracking

St. Louis Fed President Mussallem: Rate cuts may be paused at the December meeting or later.

Bank of England Governor Bailey: The UK is expected to cut interest rates four times next year. Bearish for GBP.

European Central Bank President Lagarde: It is too early to discuss the optimal size of the balance sheet without committing to a specific interest rate path in advance. It is expected that the euro area economic growth will be weak in the future and interest rates will continue to be lowered. Bearish for the euro.

Product Hot Comment

Forex
ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▲0.01%1.050941.05104GBP/USD▲0.24%1.270281.27048AUD/USD▼-0.88%0.643250.64314USD/JPY▲0.66%150.583150.527GBP/CAD▲0.27%1.787161.78739NZD/CAD▼-0.48%0.823040.82291
📝 Review:On Tuesday, the U.S. dollar index was still oscillating above the 106 mark. It finally closed up 0.01% at 106.31. U.S. bond yields fell, with the two-year U.S. bond yield closing at 4.138% and the 10-year U.S. bond yield at 4.181%.
🕵️ Operation suggestion:USD/JPY 150.599 Buy Target Price 151.861

Gold
ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.25%2649.972649.74Silver▲0.85%31.2731.275
📝 Review:Spot gold rose slightly as data showed modest growth in U.S. “small non-farm payrolls” last month, while investors digested Federal Reserve Chairman Powell's speech and looked forward to Friday's non-farm payrolls report. However, it still did not get rid of the shock, and finally closed up 0.24% at $2,649.73 per ounce. Spot silver finally closed up 0.9% at $31.29 an ounce.
🕵️ Operation suggestion:Gold 2650.70 Buy Target Price 2678.73

Crude Oil
ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-1.84%68.45568.495Brent Crude Oil▼-1.71%72.28772.328
📝 Review:Crude oil once fell by more than 2%. WTI crude oil once stood at the US$70 mark, but then gave up some of its gains and accelerated its downward trend during the US trading session. It finally closed down 1.81% at US$68.45/barrel; Brent crude oil closed down 1.69% at US$72.27/barrel. bucket.
🕵️ Operation suggestion:WTI Crude Oil 68.519 Sell Target Price 66.850

Indice
ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲0.95%21482.2221482.38Dow Jones▲0.45%45028.945031.3S&P 500▲0.50%6082.756081.95US Dollar Index▲0.06%106.22106.22
📝 Review:The Dow Jones Industrial Average closed up 0.69%, the S&P 500 Index rose 0.61%, and the Nasdaq Composite Index rose 1.3%. All three major stock indexes hit record closing highs. Cryptocurrency concept stocks led the market higher, with MicroStrategy (MSTR.O) rising 8.7% and Coinbase (COIN.O) rising nearly 7%. Intel (INTC.O) fell 2%, while Nvidia (NVDA.O) rose 3.5%. The Nasdaq China Golden Dragon Index closed down 1.38%, JD.com (JD.O) fell more than 3%, and Alibaba (BABA.N) fell nearly 1%.
🕵️ Operation suggestion:Nasdaq 100 21477.750 Buy Target Price 21647.662

Crypto
ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲1.66%97752.698203.8Ethereum▲5.66%3839.63843Dogecoin▲2.78%0.422330.41862
📝 Review:In early trading in Asia on Wednesday, the price of Bitcoin fluctuated around the $96,000 mark, with Bitcoin's market value having surged by more than 40% since Trump's victory in the November 5 election. The incoming president plans to repeal previous administrations restrictions on digital currencies. Cryptocurrency investors still regard $100,000 as an important psychological price for Bitcoin, and they expect Trump to introduce more favorable policies after taking office to promote the development of this emerging industry.
🕵️ Operation suggestion:BitCoin 98665.9 Buy Target Price 102023.7