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Market News Gold once fell below 2010$/ounce, and interest rate cut expectations rose instead of falling!
Markets News
Gold once fell below 2010$/ounce, and interest rate cut expectations rose instead of falling!
TOPONE Markets Analyst2024-01-26 11:32:16
Hot spot tracking
- U.S. GDP growth in the fourth quarter exceeded expectations!
- The world's largest mining company avoids shipping some cargo through the Red Sea
- Iraqi Foreign Ministry: The United States and Iraq agree to discuss the gradual withdrawal of troops
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.07% 1.0854 1.08468 GBP/USD ▼-0.07% 1.27013 1.27 AUD/USD ▼-0.07% 0.65832 0.6576 USD/JPY ▲0.29% 148.072 148.099 GBP/CAD ▼-0.26% 1.7076 1.70827 NZD/CAD ▼-0.56% 0.8188 0.81927 📝 Review:The U.S. economy grew more than expected in the fourth quarter, mainly due to the recovery in consumer spending, helping the U.S. economy achieve its strongest growth since 2021. U.S. short-term interest rate futures rose after the release of U.S. GDP data. Traders have increased bets that the Federal Reserve will cut interest rates.🕵️ Operation suggestion:USD/JPY 147.764 Sell Target Price 146.774
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-0.10% 2018.5 2024.78 Silver ▼-0.43% 22.787 22.905 📝 Review:In the European market, gold prices gave up the day's gains and are now close to 2013 US dollars per ounce. Gold traders are awaiting the release of U.S. fourth-quarter GDP data. There is less resistance on the downside path for gold prices. But traders appear unwilling to make aggressive directional bets, preferring to wait for the release of U.S. fourth-quarter GDP data.🕵️ Operation suggestion:Gold 2019.94 Buy Target Price 2031.76
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▲1.34% 78.063 78.64 Brent Crude Oil ▲1.65% 83.097 83.345 📝 Review:On Thursday (January 25), U.S. economic data showed faster-than-expected growth in the fourth quarter of 2023, which led to market optimism and lowered expectations for an interest rate cut by the Federal Reserve. Meanwhile, tensions in the Red Sea continue to disrupt global trade. Oil prices rose about 3% on Thursday, closing at their highest level since December.🕵️ Operation suggestion:WTI Crude Oil 77.011 Buy Target Price 77.495
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-0.01% 17413.55 17363.15 Dow Jones ▲0.33% 38105.8 38052.2 S&P 500 ▲0.10% 4889.5 4880.05 ▼0.00% 17559.3 17559.3 US Dollar Index ▼-0.08% 103.09 103.17 📝 Review:The Dow Jones Industrial Average closed up 0.64%, the S&P 500 Index rose 0.53%, and the Nasdaq Composite Index rose 0.18%. Tesla (TSLA.O) closed down 12% after the results, hitting a new low since May last year. Microsoft (MSFT.O) closed with a market value of over US$3 trillion. The Nasdaq China Golden Dragon Index closed down 0.1%, Alibaba (BABA.N) fell 1.8%, and TAL (TAL.N) and New Oriental (EDU.N) both rose above the 6% line.🕵️ Operation suggestion:Nasdaq 100 17417.350 Buy Target Price 17632.557
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-0.31% 41958.9 41813.5 Ethereum ▼-0.21% 2256.5 2242.7 Dogecoin ▼-1.26% 0.079 0.07851 📝 Review:Judging from the current overall trend, the price of Bitcoin is still consolidating in a small range. The short-term support below is near 39919 points. It has hit the bottom for the second time and there is a high probability of a downward breakthrough. It is still bearish in the short term.🕵️ Operation suggestion:BitCoin 39873.7 Sell Target Price 38535.0
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