The U.S.’s “small non-farm payrolls” in December fell short of expectations; gold returned to 2,660$

Hot spot tracking

• The U.S. “small non-farm” ADP employment figures in December were 122,000, lower than market expectations of 140,000, the lowest level since August 2024. The number of initial unemployment claims last week was 201,000, the lowest since the week ending February 17, 2024. This news is bearish for the US dollar.

• Federal Reserve Board Governor Waller: Supports further interest rate cuts this year. It is not believed that the new government will implement a "harsh" tariff policy, and it is expected that tariffs will not have a significant impact on inflation. Minutes of December meeting: We are now at or close to slowing the pace of interest rate cuts. Some officials believe that it is necessary to do nothing in December. Inflation will continue to slow, but there is a risk that the new government's policies may increase price pressures. This news is bearish for the US dollar.

• A combination of factors including the fiscal budget, inflation and economic growth caused the UK market to experience another "crash-style" large-scale sell-off in 2022. The yield on 30-year UK government bonds rose to its highest level since 1998. GBP/USD fell to its lowest point since April last year. This news is bearish for the pound.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.23%1.03181.03175GBP/USD▼-0.92%1.236081.23633AUD/USD▼-0.27%0.621780.62156USD/JPY▲0.20%158.348158.299GBP/CAD▼-0.85%1.777051.77684NZD/CAD▼-0.38%0.806040.80557

• 📝 Review:Global bonds continued to sell off on Wednesday as foreign media reported that Trump was considering declaring a national economic emergency in order to impose a large number of general tariffs. The U.S. dollar index was boosted and eventually closed up 0.29% at 108.99. The benchmark 10-year U.S. Treasury yield closed at 4.7060%; the two-year U.S. Treasury yield closed at 4.2970%.

• 🕵️ Operation suggestion:USD/JPY 158.215 Buy Target Price 158.818

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.50%2661.532660.73Silver▲0.23%30.09430.095

• 📝 Review:Spot gold continued to rise, because the U.S. December “small non-farm payrolls” less than expected. It ended up 0.49% higher at $2,661.72 per ounce. Spot silver finally closed 0.17% higher at US$30.11/oz.

• 🕵️ Operation suggestion:Gold 2662.74 Buy Target Price 2671.38

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-1.48%72.79672.792Brent Crude Oil▼-1.28%75.91275.913

• 📝 Review:WTI crude oil fell back after hitting $74.64 and eventually closed 1.49% lower at $73.25/bbl, while Brent crude oil closed 1.29% lower at $76.13/bbl.

• 🕵️ Operation suggestion:WTI Crude Oil 72.719 Buy Target Price 74.616

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▼-0.09%21115.0121108.09Dow Jones▲0.19%42505.642521.5S&P 500▲0.10%5914.255911.85US Dollar Index▲0.37%108.94108.94

• 📝 Review:U.S. stocks closed Wednesday with the Dow up 0.25%, the S&P 500 up 0.16% and the Nasdaq down 0.06%. Tesla (TSLA.O) and Apple (AAPL.O) edged up, while Novavax Pharmaceuticals (NVAX.O) fell 11.2%. The Nasdaq China Gold Dragon Index closed down 0.67%, while NetEase (NTES.O) gained nearly 3% and Xiaopeng Automobile (XPEV.N) fell more than 5%.

• 🕵️ Operation suggestion:Nasdaq 100 21086.840 Sell Target Price 20750.695

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-2.79%94392.995217.9Ethereum▼-2.87%3296.43329.8Dogecoin▼-4.49%0.336110.34359

• 📝 Review:Looking at the overall trend, the short side of the Bitcoin market has a clear advantage. As of writing, the Bitcoin price is below 96,000. The market has clearly indicated today that 10276 points is the recent rebound high. Therefore, only short-term operations are possible with a long position. Do not enter the market blindly until there is a strong bottom reversal pattern on the daily chart.

• 🕵️ Operation suggestion:BitCoin 94996.7 Sell Target Price 92122.0