Powell's speech did not deter expectations of a rate cut. The U.S. index suddenly fell sharply during the trading session, and gold approached a record high!

Hot spot tracking

Powell: It’s too early to tell when to ease, and be prepared to tighten further if necessary

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Product Hot Comment

Forex

Product	Yesterday's Change	Yesterday's Close	Today's Open
EUR/USD	▼-0.12%	1.08789	1.08856
GBP/USD	▲0.65%	1.27083	1.27099
AUD/USD	▲1.00%	0.66758	0.66727
USD/JPY	▼-0.88%	146.866	146.686
GBP/CAD	▲0.20%	1.71515	1.71458
NZD/CAD	▲0.36%	0.83707	0.83687

📝 Review:USD/JPY closed higher yesterday and has the opportunity to continue rising to 150.00. However, the trend has reversed and the pair experienced weakness today. Downside targets for the pair lie at 147.00 and 145.00.

🕵️ Operation suggestion:

USD/JPY 146.404 Sell Target Price 146.235

Gold

Product Yesterday's Change Yesterday's Close Today's Open

Gold ▲1.65% 2070.74 2073.1
Silver ▲0.71% 25.446 25.431

📝 Review:November's record close wasn't enough for gold investors on Friday (December 1) as strong momentum has pushed prices to new all-time highs ahead of the weekend. Powell's efforts to suppress interest rate cut expectations backfired, with spot gold approaching its all-time high of $2,075.47 per ounce set on August 7, 2020.

🕵️ Operation suggestion:

Gold 2105.50 Buy Target Price 2142.44
Crude Oil

Product Yesterday's Change Yesterday's Close Today's Open

WTI Crude Oil ▼-1.75% 74.274 74.665

📝 Review:After a tumultuous trading week, crude oil markets ended Friday's session down more than 2%. This is mainly due to concerns about the latest round of OPEC+ production cuts and slowing global manufacturing activity.

🕵️ Operation suggestion:

WTI Crude Oil 74.798 Sell Target Price 73.981
Indice

Product Yesterday's Change Yesterday's Close Today's Open

Nasdaq 100 ▲0.39% 15991.35 15995.95
Dow Jones ▲0.89% 36236.3 36267.4
S&P 500 ▲0.63% 4593.2 4597.45

📝 Review:U.S. stocks got off to a good start in December, with all three major indexes recording gains for the fifth consecutive week. The Dow and S&P 500 both hit their highest closing records for the year. As of the close, the Dow rose 0.82% to 36,245.50 points; the S&P 500 rose 0.59% to 4,594.63 points; the Nasdaq rose 0.55% to 14,305.03 points.

🕵️ Operation suggestion:

Nasdaq 100 15952.750 Buy Target Price 16002.120
Crypto

Product Yesterday's Change Yesterday's Close Today's Open

BitCoin ▲0.65% 39701.3 40066.5
Ethereum ▲0.84% 2177.7 2200.1
Dogecoin ▼-1.34% 0.08451 0.08528

📝 Review:Bitcoin price topped $40,000 for the first time since May 2022. Bitcoin, the largest digital asset, extended its rally this year on expectations of lower interest rates and increased demand from exchange-traded funds (ETFs).

🕵️ Operation suggestion:

BitCoin 40116.8 Buy Target Price 40176.6