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Market News Federal Reserve officials are worried about cutting interest rates too quickly, and gold fell below the 2020 mark during the session!
Markets News
Federal Reserve officials are worried about cutting interest rates too quickly, and gold fell below the 2020 mark during the session!
TOPONE Markets Analyst2024-02-22 09:53:37
Hot spot tracking
- Fed meeting minutes: Officials worried about cutting rates too early to stall inflation
- Is the US government about to stage another shutdown crisis? Republican hardliners push for stopgap spending bill
- Nvidia's quarterly revenue and guidance beat expectations
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.09% 1.08192 1.08194 GBP/USD ▲0.12% 1.26373 1.26367 AUD/USD ▲0.06% 0.65545 0.65527 USD/JPY ▲0.22% 150.282 150.31 GBP/CAD ▲0.01% 1.70651 1.70617 NZD/CAD ▲0.14% 0.83434 0.83411 📝 Review:Bank of England Governor Bailey told a committee of MPs that the Bank of England does not need inflation to return to its 2.0% target until April before cutting interest rates. But the central bank expects inflation to rebound to 3.0% by the end of the year. He believes this expectation means that the Bank of England must remain vigilant and not rush to cut interest rates. His words encouraged markets to firmly bet that the Bank of England would cut interest rates as early as June.🕵️ Operation suggestion:USD/JPY 150.393 Buy Target Price 151.345
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲0.08% 2025.88 2025.61 Silver ▼-0.47% 22.869 22.87 📝 Review:Gold traders are awaiting the release of minutes from the Federal Reserve's January meeting, which could provide new clues on the timing of the first rate cut this year. Gold prices need to hold the 21-day moving average of $2023 per ounce. If it fails to hold this level, gold prices may experience a new round of decline, and the channel for gold prices to hit the main target of $2,065.70 per ounce has gradually opened.🕵️ Operation suggestion:Gold 2025.34 Buy Target Price 2031.91
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲1.01% 77.91 77.91 Brent Crude Oil ▲0.57% 82.301 82.301 📝 Review:Oil prices rose 1% on Wednesday (February 22) as geopolitical tensions in the Middle East and traders assessed recent signs of tight supply. This trading day will have a series of EIA crude oil inventory data, a large wave of European and American PMI data, and also some speeches by several Federal Reserve officials included. Investors need to pay attention.🕵️ Operation suggestion:WTI Crude Oil 77.970 Buy Target Price 78.483
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-0.33% 17469.65 17643.75 Dow Jones ▼-0.03% 38593.9 38614.9 S&P 500 ▼-0.01% 4978.05 5005.55 ▼0.00% 17559.3 17559.3 US Dollar Index ▼-0.05% 103.63 103.54 📝 Review:The three major U.S. stock indexes had mixed gains, with the Dow and S&P 500 closing slightly higher, and the Nasdaq falling 0.3%. Nvidia (NVDA.O) closed down nearly 3%, and Coinbase (COIN.O) fell more than 6%. The Nasdaq China Golden Dragon Index rose 0.97%, Li Auto (LI.O) rose more than 4%, and Alibaba (BABA.N) rose more than 3%.🕵️ Operation suggestion:Nasdaq 100 17676.850 Sell Target Price 17331.906
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-1.55% 51359.5 51492.6 Ethereum ▼-2.36% 2919.5 2927.5 Dogecoin ▼-2.21% 0.08397 0.08418 📝 Review:The price of Bitcoin has been rising all the way, once exceeding $53,000, an increase of nearly 40% in 90 days. As the price of Bitcoin continues to rise, the market value of Bitcoin has once again reached $1 trillion. The overall trend remains bullish.🕵️ Operation suggestion:BitCoin 51751.9 Buy Target Price 52436.9
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