Gold price plummets below $2650; oil ends two weeks of losses!

Hot spot tracking

• According to Japan's Kyodo News: The Bank of Japan is considering delaying an interest rate hike. This news is bearish for the yen.

• Market news: The European Central Bank will release data on the Emergency Epidemic Purchase Program (PEPP) every month starting from January 8 next year. This news is bearish for the Euro.

• Putin: Be ready to counterattack your opponents on all fronts. The Russian army has made progress in the battle in Kulakhovo, but Ukraine has not responded yet. Bullish for crude oil.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▲0.25%1.049661.04977GBP/USD▼-0.45%1.261841.26157AUD/USD▼-0.14%0.635940.63618USD/JPY▲0.70%153.65153.626GBP/CAD▼-0.26%1.796231.7944NZD/CAD▲0.07%0.819490.81968

• 📝 Review:Last Friday, the U.S. dollar index hovered near the 107 mark and finally closed down 0.071% at 106.94. It remained at its highest level in more than two weeks and had its best weekly performance in a month. U.S. bond yields continued their rise, with the two-year U.S. bond yield closing at 4.247% and the 10-year U.S. bond yield at 4.396%. It is worth noting that the 3-month/10-year U.S. Treasury yield curve ended its inversion for the first time since early November 2022.

• 🕵️ Operation suggestion:USD/JPY 153.590 Buy Target Price 154.739

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-1.24%2647.842652.76Silver▼-1.61%30.45830.54

• 📝 Review:Spot gold moved further away from five-week highs, falling below the $2,650 mark as the U.S. dollar remained strong. It finally closed down 1.22% at $2,648.39 per ounce. But it still posted gains throughout the week, supported by expectations of a rate cut by the Fed this week. Spot silver finally closed down 1.36% at $30.57 per ounce.

• 🕵️ Operation suggestion:Gold 2650.02 Sell Target Price 2615.92

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▲1.49%70.68470.6Brent Crude Oil▲1.29%74.09874.014

• 📝 Review:WTI and Brent oil stopped falling for two weeks on concerns that additional sanctions against Russia and Iran could tighten supply, while interest rate cuts in Europe and the United States would help boost fuel demand. WTI crude oil once approached the 71 mark, and finally closed up 1.45% at US$70.67/barrel; Brent crude oil closed up 1.24% at US$74.08/barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 70.634 Buy Target Price 70.077

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲0.28%21776.3521770.59Dow Jones▼-0.14%43834.443838.9S&P 500▼-0.11%6049.756051.05US Dollar Index▲0.01%106.82106.8

• 📝 Review:The three major U.S. stock indexes were mixed. The Dow fell 0.20%, falling for the seventh consecutive trading day; the Nasdaq rose 0.12%; the S&P 500 ended flat. For the whole week, the Dow fell 1.82%, the S&P 500 fell 0.64%, and the Nasdaq rose 0.34%. Broadcom rose more than 24%, and its market value exceeded the US$1 trillion mark for the first time. Intel closed down 2.12%, Nvidia fell 2.25%, AMD fell 2.83%, AMD fell 3.9%, NanoVis Semiconductor fell 4.44%, and the Nvidia Double Long ETF fell 4.6%.

• 🕵️ Operation suggestion:Nasdaq 100 21791.220 Buy Target Price 21898.422

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲1.43%102801.7103205.7Ethereum▼-0.37%3852.73885.9Dogecoin▼-0.04%0.39770.40051

• 📝 Review:The recent 4-hour K-line chart shows that the market price has dropped significantly compared to 12 noon on December 14. It has increased compared with 8 am on December 13, but has decreased compared with 0 am on December 14, 2024. In terms of trading volume, there has been a decrease in the recent trading volume, which is lower compared to the previous hours. The simultaneous decline in price and trading volume indicates that the market is relatively deserted and trading activity is not high.

• 🕵️ Operation suggestion:BitCoin 106370.0 Buy Target Price 109324.1