Dollar Index Continues to Weaken; Gold Rebounds Above $2900!

Hot spot tracking

• Fed-Harker: Current economic conditions support keeping interest rate policy stable for now Bauman: We need to have stronger confidence that inflation is falling before we cut interest rates again. Inflation is expected to decline, but upside risks remain. This news is bullish for the US dollar.

• Sources said OPEC+ was considering postponing oil production increase in April, but Russia's deputy prime minister denied it. This news is bearish for crude oil.

• The central banks of Indonesia, Malaysia and Thailand have reached an agreement to expand the scope of trading in their own currencies. This news is bearish for the US dollar.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.04%1.048361.04805GBP/USD▲0.30%1.262391.26187AUD/USD▲0.10%0.635880.63548USD/JPY▼-0.51%151.501151.517GBP/CAD▲0.37%1.790191.78996NZD/CAD▲0.29%0.813330.81321

• 📝 Review:The dollar index hovered near a two-month low on Monday as investors reduced their bets on U.S. tariffs. It finally closed down 0.04% at 106.75. Due to President's Day, the U.S. bond market is closed.

• 🕵️ Operation suggestion:USD/JPY 151.439 Sell Target Price 151.555

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.44%2897.392898.34Silver▲0.56%32.36932.38

• 📝 Review:Supported by the weakening US dollar and the risk aversion caused by Trump's reciprocal tariff policy, spot gold once returned to above $2,900 an ounce. It finally closed up 0.57% at $2,898.60 per ounce. Spot silver finally closed up 0.77% at $32.36 per ounce.

• 🕵️ Operation suggestion:Gold 2899.09 Buy Target Price 2940.40

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▲0.86%71.27171.335Brent Crude Oil▲1.11%75.04675.053

• 📝 Review:International oil prices closed higher as Russia will discuss a complete ban on gasoline exports on February 20. WTI crude oil finally closed up 1.19% at $71.33 per barrel; Brent crude oil closed up 1.01% at $75.26 per barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 71.195 Sell Target Price 70.004

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲0.03%22148.622131.55Dow Jones▲0.18%4464044600S&P 500▲0.11%6125.756119.85US Dollar Index▼-0.06%106.52106.6

• 📝 Review:Due to President's Day, the U.S. stock market is closed for one day. Major European stock indices closed higher, with Germany's DAX30 index closing up 1.26%; Britain's FTSE 100 index closing up 0.41%; and Europe's STOXX 50 index closing up 0.27%.

• 🕵️ Operation suggestion:Nasdaq 100 22136.750 Buy Target Price 22244.324

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-0.47%96346.895813Ethereum▲3.63%2774.42735.3Dogecoin▼-2.24%0.26070.25754

• 📝 Review:Judging from the overall trend, the bears currently have a slight advantage in the Bitcoin market. As of the close, the price of Bitcoin was still below 96,500 points. After the unsuccessful attempt to hit 98,000 points over the weekend, the market fell back to around 96,000 points. At the same time, Ethereum's performance was exceptionally strong, successfully breaking through the 233 moving average of the 30-minute line.

• 🕵️ Operation suggestion:BitCoin 95753.2 Sell Target Price 94555.8