The U.S. index plummeted to a two-year high; gold fell over $50!

Hot spot tracking

• The Feds December interest rate meeting passed the decision of cutting interest rates by 11:1 by 25 basis points. The statement hinted at a slowdown in interest rate cuts. The dot plot shows that the forecast for interest rate cuts next year has been adjusted from 4 to 2 times. This news is bullish for the dollar.

• The Atlanta Fed's GDPNow model predicts U.S. fourth-quarter GDP growth at 3.2%. The previous forecast was 3.1%. This news is bullish for the dollar.

• US EIA crude oil inventories fell by 934,000 barrels in the week to December 13, marking the fourth consecutive week of decline. The decline was smaller than the expected 1.635 million barrels, compared with the previous decrease of 1.425 million barrels. This news is bullish for crude oil.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-1.34%1.035211.03505GBP/USD▼-1.10%1.257251.25686AUD/USD▼-1.89%0.622050.6217USD/JPY▲0.88%154.793154.752GBP/CAD▼-0.15%1.816261.81496NZD/CAD▼-1.38%0.811960.81187

• 📝 Review:On Wednesday, the Federal Reserve unexpectedly halved its forecast for a rate cut next year. The U.S. dollar index violently rose by 120 points, and finally closed up 1.228% at 108.26, setting a new high since November 2022. U.S. bond yields rose collectively, with the two-year U.S. bond yield closing at 4.363% and the 10-year U.S. bond yield at 4.519%. Both rose by more than 10 basis points during the day.

• 🕵️ Operation suggestion:USD/JPY 154.783 Buy Target Price 155.903

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-2.31%2585.442585.45Silver▼-3.87%29.3429.345

• 📝 Review:Spot gold plunged intraday. After the announcement of the Federal Reserve's decision, the stock price fell by more than $50, falling below the $2,590 mark. It finally closed down 2.3% at $2,585.78 per ounce, a one-month low. Spot silver subsequently fell sharply, eventually closing down 3.85% at $29.36 per ounce, a three-month low.

• 🕵️ Operation suggestion:Gold 2594.29 Sell Target Price 2553.92

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-0.55%69.40169.402Brent Crude Oil▼-0.68%72.54572.529

• 📝 Review:While a drop in U.S. crude inventories showed demand resilience, optimism was dampened by the Fed's hints of slowing the pace of interest rate cuts. Oil prices fell for the third consecutive day. WTI crude oil finally closed down 0.62% at US$69.36/barrel; Brent crude oil closed down 0.63% at US$72.59/barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 69.429 Sell Target Price 68.335

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▼-3.74%21133.0421244.1Dow Jones▼-2.74%42267.642381.3S&P 500▼-3.14%5851.855877.55US Dollar Index▲1.25%108.1107.97

• 📝 Review:The three major U.S. stock indexes collectively fell sharply, and the panic index once soared 78%. The Dow closed down 2.59%, setting a record for its longest one-day losing streak since 1974; the S&P 500 closed down 2.95%, and the Nasdaq closed down 3.56%. Tesla (TSLA.O) fell 8%, Broadcom (AVGO.O) fell 6.9%, and Nvidia (NVDA.O) fell 1%. The Nasdaq China Golden Dragon Index closed down 2.4%, Alibaba (BABA.N) fell 2.4%, and NIO (NIO.N) fell 4.7%.

• 🕵️ Operation suggestion:Nasdaq 100 21230.000 Sell Target Price 20667.541

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-4.65%100957.9101092.4Ethereum▼-4.91%3689.63677.1Dogecoin▼-8.59%0.360660.35913

• 📝 Review:On the K-line chart of Bitcoin over the past four hours, we can see that the price has dropped significantly compared to 12 noon on December 18. Although it has rebounded compared with 4 a.m. that day, it still shows a downward trend compared with 8 a.m. on December 17. Recent K-line charts also show that trading volume has decreased. The simultaneous decline in price and trading volume reflects that the market is relatively deserted and trading activity is not high.

• 🕵️ Operation suggestion:BitCoin 100361.4 Sell Target Price 98215.0