Core CPI unexpectedly fell in December, gold approached $2,700; Gaza ceasefire agreement arrived!

Hot spot tracking

• The year-on-year growth rate of the overall CPI in the United States rebounded mildly to 2.9%, while the year-on-year growth rate of the core CPI unexpectedly fell from 3.3% last month to 3.2%. After the data was released, traders increased their bets that the Federal Reserve will cut interest rates in June. The likelihood of two rate cuts this year has increased. This news is bearish for the US dollar.

• OPEC maintained its forecast for global crude oil demand growth in 2025 at 1.45 million barrels per day. The IEA expects global total oil supply to fall to an average of 104.7 million barrels per day in 2025 from the previous 104.8 million barrels per day. This news is bullish for crude oil.

• The ceasefire agreement in the Gaza Strip will come into effect on the 19th of this month and will be implemented in stages. The contents include ceasefire, exchange of detained persons, and gradual withdrawal of Israeli troops from the Gaza Strip. Israel said details of the ceasefire agreement were yet to be finalized. Biden said Israel will move to the next phase of negotiations within the next six weeks. This news is bearish for crude oil.

Product Hot Comment

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.79%2696.372694.7Silver▲2.55%30.64130.655AUD/USD▲0.54%0.622970.62288USD/JPY▼-0.94%156.472156.382GBP/CAD▲0.20%1.755461.75393NZD/CAD▲0.16%0.805080.8049

• 📝 Review:Spot gold continued to rise, boosted by the data. It once approached the $2,700 mark, but failed to stand above it, and finally closed up 0.73% at $2,696.41 per ounce. Spot silver finally closed up 2.59% at $30.66 per ounce.

• 🕵️ Operation suggestion:Gold 2698.40 Buy Target Price 2720.03

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▲2.84%79.11379.125Brent Crude Oil▲2.34%81.58881.6

• 📝 Review:Crude oil continued to rise in the pre-market period in the U.S., hitting a new high since July 2024. WTI crude oil rushed above $79 and finally closed up 2.84% at $79.11 per barrel; Brent crude oil closed up 2.36% at $81.59 per barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 78.995 Buy Target Price 80.424

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲2.03%21162.4521198.05Dow Jones▲1.60%4314943202.4S&P 500▲1.69%5945.755953.55US Dollar Index▼-0.16%108.96108.9

• 📝 Review:The Dow Jones Industrial Average closed up 1.65%, the S&P 500 rose 1.83%, and the Nasdaq rose 2.45%. Meta (META.O) and Nvidia (NVDA.O) rose more than 3%, and Tesla (TSLA.O) rose 8%. The Nasdaq China Golden Dragon Index closed up 0.97%, Alibaba (BABA.N) rose 0.9%, Douyu (DOYU.O) rose more than 13%, and Li Auto (LI.O) fell 2%.

• 🕵️ Operation suggestion:Nasdaq 100 21225.670 Sell Target Price 20940.516

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲3.11%9963099691.8Ethereum▲6.16%3432.33429.8Dogecoin▲5.24%0.376480.37991

• 📝 Review:From the overall trend, the current Bitcoin market shows a slightly bullish trend. As of the time of the release, the Bitcoin price was below 97,500 points. Yesterday's daily line successfully formed a bottom pattern, which to a certain extent reduced the probability of a sharp decline in the market. However, the possibility of continuing to test 90,000 points cannot be ruled out.

• 🕵️ Operation suggestion:BitCoin 100404.7 Buy Target Price 102995.8

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.17%1.02891.02927GBP/USD▲0.19%1.223751.22393AUD/USD▲0.54%0.622970.62288USD/JPY▼-0.94%156.472156.382GBP/CAD▲0.20%1.755461.75393NZD/CAD▲0.16%0.805080.8049

• 📝 Review:The dollar index weakened slightly on Wednesday as weaker-than-expected data eased concerns about accelerating inflation and increased the likelihood that the Federal Reserve will cut interest rates twice this year. It once fell below the 109 mark during the session, but then rose sharply and recovered most of the intraday losses, and finally closed down 0.07% at 109.10. U.S. Treasury yields fell sharply, with the benchmark 10-year Treasury yield closing at 4.657%; the two-year Treasury yield closed at 4.266%.

• 🕵️ Operation suggestion:USD/JPY 156.383 Buy Target Price 156.996