US Economic Growth Surges Unexpectedly; Gold Loses $2600 Level After Brief Gain!

Hot spot tracking

• The number of initial jobless claims in the U.S. fell by 22,000 from the previous time, a larger-than-expected drop. This news is bullish for the dollar.

• The Bank of Japan paused its rate hike for the third time in a row, with one member supporting the hike. Governor Kazuo Ueda said he would continue to raise rates, but needed to see the results of the spring wage negotiations. Traders' bullish sentiment on the yen reached its lowest level in a month. Bearish for the yen.

• The Swedish central bank cut interest rates by 25 basis points and will take a more cautious stance next year. Bearish for the Swiss franc.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▲0.16%1.036711.03652GBP/USD▼-0.52%1.250271.2506AUD/USD▲0.39%0.624120.62375USD/JPY▲1.72%157.417157.452GBP/CAD▼-0.84%1.799761.80016NZD/CAD▼-0.18%0.810440.81036

• 📝 Review:On Thursday, U.S. economic data reinforced market expectations that the Federal Reserve will adopt a cautious attitude towards interest rate cuts in the coming year. The U.S. dollar index hit a two-year high, and finally closed up 0.145% at 108.42. The two-year U.S. bond yield fell slightly, closing at 4.363%; the 10-year U.S. bond yield once approached the 4.6% mark, and finally closed at 4.575%; the U.S. 2-10 year Treasury yield spread hit a new high since June 2022.

• 🕵️ Operation suggestion:USD/JPY 157.716 Buy Target Price 158.890

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.35%2594.482594.5Silver▼-1.10%29.02128.995

• 📝 Review:Spot gold generally rose first and then fell. It once rose by more than 1% during the session, standing above the $2,620 mark, but failed to stabilize and continued to fall, giving up most of the gains during the day. It finally closed up 0.34% at $2,594.65 per ounce. Spot silver continued to perform poorly, and finally closed down 1.09% at $29.04 per ounce.

• 🕵️ Operation suggestion:Gold 2593.37 Sell Target Price 2553.92

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-0.39%69.13469.14Brent Crude Oil▼-0.34%72.28472.294

• 📝 Review:Oil prices fell for a fourth straight session as the Fed's hawkish stance heightened concerns that a potential softening in economic activity could weaken oil demand next year. WTI crude oil finally closed down 0.4% at $69.14 per barrel, while Brent crude oil closed down 0.37% at $72.31 per barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 68.999 Sell Target Price 68.079

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▼-0.88%21056.7521103.42Dow Jones▼-0.20%4229742343.1S&P 500▼-0.29%5860.355869.85US Dollar Index▲0.29%108.28108.28

• 📝 Review:The three major U.S. stock indexes rose or fell differently. The Dow closed up 0.04%, ending its ten-game losing streak. The S&P 500 fell 0.09% and the Nasdaq fell 0.1%. Micron Technology (MU.O) fell 16%, Tesla (TSLA.O) fell 0.9%, and Nvidia (NVDA.O) rose more than 1%. The Nasdaq China Golden Dragon Index fell slightly, with Baidu (BIDU.O) down 3% and Li Auto (LI.O) up more than 2%.

• 🕵️ Operation suggestion:Nasdaq 100 21024.920 Sell Target Price 20775.457

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-3.68%97368.798301.9Ethereum▼-7.06%3417.53457.5Dogecoin▼-11.39%0.318220.32196

• 📝 Review:During the early morning trading session on December 19, Bitcoin experienced a sharp decline. It once fell below the important psychological mark of $100,000. According to data from Coinglass, in the past 24 hours, approximately 236,300 investors in the cryptocurrency market faced liquidation, with the total amount involved reaching $672 million. This short-term decline in Bitcoin was a significant correction after the price of Bitcoin exceeded $108,000 for the first time the previous day, setting a new all-time high. It was also the largest one-day drop since August.

• 🕵️ Operation suggestion:BitCoin 96715.0 Sell Target Price 94174.4