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Market News The Federal Reserve's Bowman said it would raise interest rates after cutting interest rates too early, and gold failed to challenge the $2,040/ounce mark!
Markets News
The Federal Reserve's Bowman said it would raise interest rates after cutting interest rates too early, and gold failed to challenge the $2,040/ounce mark!
TOPONE Markets Analyst2024-02-28 09:13:32
Hot spot tracking
- Fed's Bowman: Cutting interest rates too soon may lead to higher rates later
- U.S. durable goods orders in January recorded largest monthly decline since April 2020
- Sources: OPEC+ will consider extending voluntary production cuts until the second quarter or the end of this year
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.02% 1.06535 1.06518 GBP/USD ▼-0.17% 1.23494 1.23505 AUD/USD ▲0.49% 0.64515 0.6452 USD/JPY ▲0.22% 154.829 154.814 GBP/CAD ▼-0.44% 1.69175 1.69161 NZD/CAD ▲0.12% 0.81076 0.8105 📝 Review:Most ECB members are worried about the growth outlook following the mixed results of February Eurozone PMI data. EUR/GBP continues to trade lower.🕵️ Operation suggestion:USD/JPY 150.512 Buy Target Price 150.929
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-2.56% 2327.14 2327.51 Silver ▼-5.31% 27.172 27.166 📝 Review:Gold prices held steady on Tuesday. Although U.S. durable goods orders data in January performed poorly, gold price gains were limited as some short-term bulls took profits. This week, investors will focus on key inflation data and comments from Federal Reserve officials.🕵️ Operation suggestion:Gold 2029.74 Sell Target Price 2016.16
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲0.24% 82.01 82.003 Brent Crude Oil ▲0.14% 86.358 86.345 📝 Review:Oil prices rose more than $1 on Tuesday, hitting a new high in more than a week. This is due to news that OPEC+ is considering extending voluntary oil production cuts into the second quarter to provide more support.🕵️ Operation suggestion:WTI Crude Oil 78.101 Sell Target Price 77.343
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.54% 17185.8 17197.98 Dow Jones ▲0.43% 38221 38261.8 S&P 500 ▲0.56% 5007.67 5012.52 ▼0.00% 17559.3 17559.3 US Dollar Index ▼-0.01% 105.75 105.78 📝 Review:The Dow Jones Industrial Average closed down 0.25%, the S&P 500 Index rose 0.17%, and the Nasdaq Composite Index rose 0.37%. Apple (AAPL.O) closed up 0.8%, Coinbase (COIN.O) rose 2.7%, and MicroStrategy (MSTR.O) rose more than 9%. The Nasdaq China Golden Dragon Index closed up 2.1%, and Li Auto (LI.O) extended the previous day's gains and closed up 11.8%, close to the all-time high set in November 2020. BeiGene (BGNE.O) rose 12% and NetEase (NEST.O) rose 5%.🕵️ Operation suggestion:Nasdaq 100 17963.150 Buy Target Price 18074.576
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲2.88% 66460.2 66467.3 Ethereum ▲1.34% 3182 3189.4 Dogecoin ▲1.79% 0.16054 0.16034 📝 Review:Looking at the overall trend, although Bitcoin has a downward test pattern, it is falling slowly. It can be seen that the support level at the low point of the 4h central range is very effective, and it may rise more in the later period. At this time, investors who are short, especially those who are long-term contracts, are now deep in the bull market. Even if there is a black swan event, it will only drop 20-30 points. There are still more than 40,000 points left, but the historical high of 69,000 points ahead is also very close.🕵️ Operation suggestion:BitCoin 56938.1 Buy Target Price 58062.4
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