Trump Sworn in as US President; Dollar Plunges, Gold Treads Water

Hot spot tracking

• Trump was officially sworn in as President of the United States and gave his longest inaugural speech since 1929. The speech touched on issues such as tariffs, energy, and the Green Deal, but not cryptocurrencies. The new White House official said the U.S. will withdraw from the Paris Climate Accord. This news is positive for crude oil.

• The Houthis said they would continue to attack ships associated with Israel. This news is bullish for crude oil.

• US media: Trump plans to issue a memorandum on trade policy, but will not impose new tariffs on his first day in office. This news is bullish for the US dollar.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▲1.34%1.041631.04151GBP/USD▲1.23%1.232811.23243AUD/USD▲1.24%0.627690.62699USD/JPY▼-0.44%155.618155.593GBP/CAD▲0.08%1.763031.76293NZD/CAD▲0.29%0.811440.8114

• 📝 Review:On Monday, the U.S. dollar index fell more than 1% during the day, breaking through the 109 mark and falling to around the 108 mark as Trump did not threaten to impose higher tariffs in his speech. It finally closed down 1.22% at 108.08. The U.S. bond market was closed for the Martin Luther King Day holiday.

• 🕵️ Operation suggestion:USD/JPY 155.147 Sell Target Price 154.458

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.15%2708.762708.04Silver▲0.76%30.52930.495

• 📝 Review:Spot gold rose slightly in the Asian session, but then fell into range-bound fluctuations. It finally closed up 0.16% at $2,707.14 per ounce. Spot silver finally closed up 0.47% at $30.47 per ounce.

• 🕵️ Operation suggestion:Gold 2709.96 Buy Target Price 2710.06

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-1.26%76.2576.19Brent Crude Oil▼-1.22%79.15479.116

• 📝 Review:Both crude oil prices fell more than 1% as Trump pledged to increase U.S. crude production while delaying tariffs that could limit supply and hurt demand. WTI crude oil plunged before the U.S. market opened, and once fell to around $75, and finally closed down 1.43% at $76.19 per barrel; Brent crude oil closed down 1.09% at $79.09 per barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 76.178 Sell Target Price 74.633

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲0.32%21490.2421543.82Dow Jones▲0.32%43576.443629.3S&P 500▲0.28%6019.856029.25US Dollar Index▼-1.25%107.85108.48

• 📝 Review:U.S. stocks were closed on Monday in observance of Martin Luther King Jr. Day.

• 🕵️ Operation suggestion:Nasdaq 100 21524.320 Buy Target Price 21653.918

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-0.64%102597.8103421.1Ethereum▲0.60%3281.83313.5Dogecoin▼-3.79%0.352480.35853

• 📝 Review:Judging from the overall trend, the current Bitcoin market shows a situation where bulls are clearly dominant. As of the time of publication, the price of Bitcoin was below 110,000 points. It is worth noting that Trump will officially take office at 1 a.m. This event is very likely to cause drastic fluctuations in the market, and may even lead to repeated reversals. In view of this, investors are advised to avoid this time period for contract operations.

• 🕵️ Operation suggestion:BitCoin 101925.5 Sell Target Price 99494.8