US Q3 GDP Below Expectations; "Little NFP" Surprises with Strong Showing!

Hot spot tracking

• The initial annualized quarterly rate of real GDP in the United States in the third quarter was 2.8%, lower than market expectations of 3%. The initial annualized quarterly rate of the core PCE price index was 2.2%, higher than the expected 2.1% but lower than the previous value of 2.8%. Bearish for the dollar.

• U.S. ADP employment recorded 233,000 in October, the largest increase since March 2024, well exceeding market expectations of 114,000. Bullish for the dollar.

• Germany's seasonally adjusted GDP rate in the third quarter was better than expected, triggering traders to reduce expectations for a 50 basis point interest rate cut by the European Central Bank in December. The probability dropped from about 45% to 22%. Positive for the Euro.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▲0.38%1.085611.08584GBP/USD▼-0.38%1.29621.29641AUD/USD▲0.20%0.657470.65751USD/JPY▲0.03%153.405153.329GBP/CAD▼-0.42%1.801951.80181NZD/CAD▼-0.04%0.830150.83037

• 📝 Review:On Wednesday, the U.S. dollar index showed a "roller coaster" trend during the session. It once rose to an intraday high of 104.44 before the U.S. market, but then gave up all the gains during the day and turned lower, finally closing down 0.17% at 104.09. U.S. bond yields have rebounded, with the benchmark 10-year U.S. bond yield closing at 4.3% and the two-year U.S. bond yield closing at 4.174%.

• 🕵️ Operation suggestion:USD/JPY 153.249 Buy Target Price 153.899

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.48%2787.282787.67Silver▼-1.94%33.75733.747

• 📝 Review:Spot gold continued to hit a record high, approaching the $2,790 mark during the day. However, it failed to stand here and finally closed up 0.43% at $2,786.24 per ounce. Spot silver fell below the $34 mark and closed down 1.97% at $33.77 per ounce.

• 🕵️ Operation suggestion:Gold 2787.09 Buy Target Price 2801.43

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▲2.34%68.88968.868Brent Crude Oil▲2.27%72.6372.603

• 📝 Review:Crude oil rebounded as data showed U.S. crude and gasoline inventories unexpectedly fell last week, and there were reports that OPEC+ may delay plans to increase oil production. WTI crude oil rose more than 2% during the day, and was close to $69 at one time, and finally closed up 2.31%, at $68.86/barrel; Brent crude oil closed up 2.3%, at $72.63/barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 68.742 Sell Target Price 66.499

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▼-1.16%20374.1820327.6Dow Jones▼-0.31%42185.242168.9S&P 500▼-0.64%5810.055801.85▼0.00%17559.317559.3US Dollar Index▼-0.12%103.96103.95

• 📝 Review:The Dow Jones Industrial Average closed down 0.22%, the S&P 500 Index fell 0.33%, and the Nasdaq Composite Index fell 0.56%. Google A (GOOGL.O) rose nearly 3%, Trump Media Technology Group (DJT.O) fell 22%, and Nvidia (NVDA.O) fell 1%. The Nasdaq China Golden Dragon Index closed down 0.7%, Alibaba (BABA.N) fell 1%, and NIO (NIO.N) fell more than 3%.

• 🕵️ Operation suggestion:Nasdaq 100 20308.960 Buy Target Price 20642.960

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲0.72%7275372337.3Ethereum▲2.06%26742657.1Dogecoin▼-2.08%0.169610.16984

• 📝 Review:Judging from the overall market trend, the long and short sides of Bitcoin seem to be in a deadlock. As of now, the price of Bitcoin is still lower than 72,500 points, fluctuating slightly around 72,300 points throughout the day, and the market performance is relatively calm. At the same time, Ethereum has seen a compensatory increase. The price was close to 2700 points but failed to break through. Both situations demonstrate the complexity of the market and exacerbate investor greed and fear.

• 🕵️ Operation suggestion:BitCoin 72099.0 Buy Target Price 73724.4