"Trump Trade" Profits Taken; Gold Surges $50!

Hot spot tracking

• The Federal Reserve's November interest rate meeting: unanimously agreed to cut interest rates by 25 basis points, and the word “more confident” was deleted from the part about inflation in the statement. Powell said he would not resign because of Trump and would not resign voluntarily. In the short term, elections will have no impact on policy. In the future, interest rates can be cut as quickly or slowly as necessary, and interest rate increases are not planned. The omission of the word confidence does not imply any hint of sticky inflation.

• The Fed's current round of balance sheet reduction has reached US$2 trillion, with the total balance sheet falling below the US$7 trillion mark. Bearish for U.S. stocks.

• The Bank of England cut interest rates by 25 basis points, lowering the benchmark interest rate from 5% to 4.75%, in line with market expectations. Governor Bailey said interest rates cannot be cut too quickly or too much. Bearish for GBP.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▲0.70%1.080461.08045GBP/USD▲0.84%1.298491.29881AUD/USD▲1.65%0.667930.66793USD/JPY▼-1.04%152.931152.934GBP/CAD▲0.28%1.799621.8002NZD/CAD▲0.83%0.834820.83497

• 📝 Review:The U.S. dollar index retreated from highs on Thursday as Powell did not provide any strong clues that a pause in interest rate cuts might be in the future, while investors took profits on the “Trump trade.” It finally closed down 0.776% at 104.34, the largest single-day increase since March 2020. U.S. bond yields gave up the previous day's gains, with the benchmark 10-year U.S. bond yield closing at 4.332% and the two-year U.S. bond yield at 4.199%.

• 🕵️ Operation suggestion:USD/JPY 153.039 Buy Target Price 154.499

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲1.77%2706.292706.19Silver▲2.78%32.01732.025

• 📝 Review:Spot gold rebounded on the back of the lower U.S. dollar, rising nearly $50 during the day, hitting the highest mark of 2,710. It finally closed up 1.78% at $2,706.51 per ounce. Spot silver finally closed up 2.76% at $32.04 per ounce.

• 🕵️ Operation suggestion:Gold 2707.61 Sell Target Price 2658.65

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▲0.43%71.87271.884Brent Crude Oil▲0.40%75.37675.388

• 📝 Review:International crude oil rose as traders considered how Trump's policies would affect supply and as drillers cut production in response to Hurricane Rafael. WTI crude oil once stood at the 72 mark, then fell back, and finally closed up 0.48% at US$71.9/barrel; Brent crude oil closed up 0.47% at US$75.41/barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 71.890 Buy Target Price 73.137

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲1.56%21134.7821121.56Dow Jones▼-0.01%4380143822.6S&P 500▲0.78%5978.155977.85▼0.00%17559.317559.3US Dollar Index▼-0.81%104.07104.12

• 📝 Review:The Dow Jones Industrial Average was basically flat, the S&P 500 Index rose 0.74%, and the Nasdaq Composite Index rose 1.51%, with the latter two continuing to hit new highs. Trump Media Technology Group (DJT.O) fell 22.9%, Tesla (TSLA.O) rose 2.9%, and Nvidia (NVDA.O) rose 2%. The Nasdaq China Golden Dragon Index rose 3.5%, Xpeng Motors (XPEV.N) rose 15%, Bilibili (BILI.O) rose 8.8%, and JD.com (JD.O) rose more than 6.5%.

• 🕵️ Operation suggestion:Nasdaq 100 21119.060 Buy Target Price 21374.191

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲0.30%75846.275850Ethereum▲5.66%2889.52880.6Dogecoin▼-2.82%0.192890.1913

• 📝 Review:The recent market trend of Bitcoin shows that the power of many parties is relatively strong, and the current price is below $75,200. The market may experience a period of volatility, with fluctuations expected to range between $72,700 and $74,800. Although Bitcoin has reached an all-time high, now is not a good time for traders using leverage to chase gains blindly. The current market trend is more likely to be volatile and suitable for short-term operations.

• 🕵️ Operation suggestion:BitCoin 75948.9 Buy Target Price 77017.6