U.S. consumer confidence suddenly plummeted, gold once plunged nearly $ 70 during the day!

Hot spot tracking

• U.S. President Donald Trump has announced an investigation into the copper industry. Officials say Trump favors copper tariffs over quotas, that the copper industry is a national security issue, that there will be a shortage of copper based on projections of demand for electric cars and AI, and that the timeline for the investigation is undetermined, as well as the level of tariffs. The news is negative for U.S. technology and mining stocks.

• Ukraine agreed to the U.S. mineral deal after the U.S. dropped its demand for $500 billion in potential revenues. The U.S. will have access to a large portion of Ukraine's important mineral resources, including rare earths, which will greatly contribute to U.S. technological development. This news is positive for the US dollar.

• Consumer confidence in the U. S. fell in February, the largest one-month drop in more than three years, as pessimism about the future resurfaced. The lack of consumer confidence will make the U.S. domestic spending power decline. This news is negative for the US dollar and US stocks.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▲0.42%1.051281.05154GBP/USD▲0.31%1.266831.26677AUD/USD▼-0.04%0.634670.63504USD/JPY▼-0.46%149.034149.137GBP/CAD▲0.71%1.813281.8124NZD/CAD▲0.30%0.819440.81945

• 📝 Review:On Tuesday, the U.S. dollar index eased on weak consumer confidence, but remained above the 106 marks, ending down 0.36% at 106.28. U.S. bond yields closed lower for the sixth consecutive session, with the benchmark 10-year yield closing at 4.301% and the two-year yield, which is more sensitive to monetary policy, closing at 4.096%.

• 🕵️ Operation suggestion:USD/JPY 148.774 Sell Target Price 148.171

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▼-1.27%2914.862915.12Silver▼-1.90%31.7231.7

• 📝 Review:The spot gold once fell below the 2900 barrier, the lowest to the intraday low of $2888.38, and then recovered part of the lost ground back above $2910, and finally closed down 1.27% at $2914.95 per ounce. Spot silver finally closed down 1.85%, at $31.73 / ounce.

• 🕵️ Operation suggestion:Gold 2923.92 Buy Target Price 2955.64

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▼-2.65%68.94169.008Brent Crude Oil▼-2.54%72.52872.593

• 📝 Review:The two oils fell more than 2% as weak economic data from the U.S. and Germany exacerbated concerns about a slowdown in energy demand, while some countries also signaled that oil production is expected to increase. WTI crude started its downward spiral in the European session and accelerated in the U.S. session, losing the $70 mark, and ultimately ended down 2.56% at $69.00/bbl, while Brent crude closed down 2.43% at $73.13 Brent crude closed down 2.43% at $73.13/barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 69.032 Sell Target Price 68.330

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▼-1.14%21124.0521156.45Dow Jones▲0.31%43670.743693.3S&P 500▼-0.51%5961.755968.75US Dollar Index▼-0.37%106.13105.98

• 📝 Review:The three major U.S. indices were mixed, with the Dow up 0.37%, the S&P 500 down 0.47%, and the Nasdaq down 1.35%. Tesla (TSLA.O) fell 8.3%, NVIDIA (NVDA.O) fell 2.8%, cryptocurrency concepts fell, Strategy (MSTR.O) fell 11%, Coinbase (COIN.O) fell more than 6%. The Nasdaq China Gold Dragon Index closed 0.58% higher, with Alibaba (BABA.N) up 3.8% and Ideal Motors (LI.O) jumping 13%.

• 🕵️ Operation suggestion:Nasdaq 100 21169.550 Sell Target Price 20932.365

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▼-3.90%88765.388750.5Ethereum▲0.22%2511.82508.5Dogecoin▲2.12%0.211890.21216

• 📝 Review:Looking at the overall trend, the Bitcoin market is now clearly in a short-side dominated situation. As of the close of trading, Bitcoin price is still below 89,300. Last night, Bitcoin attempted to move higher, but ultimately failed to do so. This followed three weeks of sideways consolidation and today's waterfall decline was as expected. The market was the first to choose a downward breakout this week, with a one-time drop to near strong support. In contrast, this rapid decline is clearly less worrisome than a sustained downtrend. Moving forward, we need to pay close attention to the strength of trend divergence at the 5-minute level and consolidation divergence at the 30-minute level. From a personal point of view, Bitcoin is expected to stop falling in the short term, and it is less likely that it will continue to fall in a waterfall pattern. To stop the decline at the daily level, we need a big positive line tomorrow and a strong bottom fractal structure.

• 🕵️ Operation suggestion:BitCoin 88371.4 Sell Target Price 86059.3