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Market News Gold is holding steady at 2335$/ounce, and the year-on-year growth rate of US core PCE in March exceeded expectations!
Markets News
Gold is holding steady at 2335$/ounce, and the year-on-year growth rate of US core PCE in March exceeded expectations!
TOPONE Markets Analyst2024-04-29 09:36:55
Hot spot tracking
- U.S. core PCE annual rate in March exceeded expectations
- Wall Street Journal reporter Nick Timiraos: Speculation about rising neutral interest rates may delay interest rate cuts
- Ueda Kazuo: If inflation trend rises, interest rates will be raised
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.27% 1.06993 1.06969 GBP/USD ▼-0.14% 1.2497 1.24974 AUD/USD ▲0.25% 0.65365 0.65333 USD/JPY ▲1.47% 157.886 157.923 GBP/CAD ▼-0.03% 1.70786 1.70649 NZD/CAD ▼-0.05% 0.81188 0.81237 📝 Review:The Japanese yen has come under heavy pressure this week. The currency rose to 157.71 yen against the dollar, its highest level since June 1990. The Bank of Japan announced that it would keep interest rates unchanged but hinted that it may raise interest rates in the future, causing the yen to fall further.🕵️ Operation suggestion:USD/JPY 158.100 Buy Target Price 158.583
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲0.32% 2339.89 2337.35 Silver ▼-0.76% 27.209 27.182 📝 Review:Gold prices stalled on Friday's rebound, closing at $2,337.36 per ounce, after data showed that U.S. prices rose in line with expectations. Some geopolitical risk premiums retreated as the crisis in the Middle East averted a major escalation. Gold prices fell more than 2% on the week, recording their worst weekly performance since December.🕵️ Operation suggestion:Gold 2335.37 Sell Target Price 2293.79
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-0.14% 83.397 83.3 Brent Crude Oil ▲0.07% 88.011 87.474 📝 Review:Although geopolitical factors provided support for oil prices, the release of U.S. inflation data dampened market hopes that the Federal Reserve would cut interest rates soon, thus limiting oil price gains. U.S. inflation rose 2.7% in March, in line with economists' expectations.🕵️ Operation suggestion:WTI Crude Oil 82.978 Buy Target Price 84.000
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.40% 17704.78 17745.52 Dow Jones ▲0.29% 38222.9 38299.8 S&P 500 ▲0.17% 5096.22 5108.52 ▼0.00% 17559.3 17559.3 US Dollar Index ▲0.38% 105.67 105.7 📝 Review:The three major U.S. stock indexes opened higher and closed higher, with the Dow Jones Industrial Average closing up 0.4%, the S&P 500 Index rising 1.02%, and the Nasdaq Composite Index rising 2.03%. Google (GOOG.O) closed up 9.97%, with its closing market value exceeding US$2 trillion for the first time. Nvidia (NVDA.O) rose 6.18%, rising 15% last week, the largest weekly increase since May 2023. The Nasdaq China Golden Dragon Index rose 2.46%.🕵️ Operation suggestion:Nasdaq 100 17756.770 Sell Target Price 17800.799
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.68% 63631.3 63576.5 Ethereum ▲2.04% 3303.6 3297.3 Dogecoin ▲2.29% 0.14959 0.14895 📝 Review:Looking at the overall trend, the bears are clearly dominant in the Bitcoin market. It is currently in a 4h downward trend, and there is no consolidation and divergence within 30 minutes. It cannot be confirmed whether there will be a 4h upward trend at this position. Obviously, the large level is still a bearish trend, while the small level is a shock perspective.🕵️ Operation suggestion:BitCoin 63236.3 Sell Target Price 61611.8
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