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Market News US February core PCE exceeds expectations across the board, gold ignores everything and hits a new high!
Markets News
US February core PCE exceeds expectations across the board, gold ignores everything and hits a new high!
TOPONE Markets Analyst
2025-03-31 09:46:39

Hot spot tracking

  • The annual and monthly rates of the US core PCE price index in February both exceeded market expectations. Traders continue to bet on the Fed cutting interest rates twice this year, with the first rate cut expected in July. This news is bearish for the US dollar and US stocks.
  • The US military deployed B2 bombers on an island in the Indian Ocean, along with several strategic transport aircraft and tankers. This news is bullish for crude oil.
  • Warning to the US, Iranian media: Iranian missiles are ready to launch at any time. This news is bullish for crude oil and gold.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD 0.26% 1.08251 1.0816
    GBP/USD -0.05% 1.29443 1.29294
    AUD/USD -0.20% 0.62898 0.62833
    USD/JPY -0.85% 149.749 149.649
    GBP/CAD 0.07% 1.85299 1.84954
    NZD/CAD -0.35% 0.81783 0.81645
    📝 Review:Last Friday, amid concerns about the U.S. falling into an economic recession, the market focused more on spending data rather than inflation data. Despite favorable PCE data, the U.S. dollar index fell instead of rising, ultimately closing down 0.26% at 104.01. The benchmark 10-year U.S. Treasury yield closed at 4.2390%; the more policy-sensitive two-year U.S. Treasury yield closed at 3.9220%.
    🕵️ Operation suggestion:

    USD/JPY 149.135  Sell  Target Price  148.203

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold 0.80% 3080.69 3086.31
    Silver -0.76% 34.041 34.105
    📝 Review:Trump's latest tariff policy has sparked investors' concerns about the outbreak of a global trade war, increasing risk aversion. Spot gold hit a new high, closing up 0.94% at $3,084.33 per ounce, marking the 18th record high this year. Due to investors taking profits, spot silver closed down 0.77% at $34.11 per ounce.
    🕵️ Operation suggestion:

    Gold 3083.86  Buy  Target Price  3104.62

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil -1.19% 68.913 69.155
    Brent Crude Oil -1.15% 72.45 72.742
    📝 Review:International oil prices retreated amid concerns that U.S. tariff wars could trigger a global economic recession. WTI crude fell 1.25% to $68.97 per barrel; Brent crude dropped 1.23% to $72.40 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 68.793  Sell  Target Price  67.754

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 -2.69% 19262.575 19134.705
    Dow Jones -1.76% 41546.1 41323
    S&P 500 -2.05% 5575.2 5542.155
    US Dollar Index -0.21% 103.79 103.83
    📝 Review:The three major U.S. stock indices collectively closed lower, with the Dow down 1.69%, the S&P 500 down 1.97%, and the Nasdaq down 2.7%. Star tech stocks fell for the third consecutive trading day, with Google (GOOG.O) down 4.8%, Meta Platforms (META.O) down 4.2%, Tesla (TSLA.O) down 3.5%, and Apple (AAPL.O) down 2.6%; the Nasdaq Golden Dragon China Index fell 3.11%, with Baidu (BIDU.O) down 5.1% and Bilibili (BILI.O) down 4.6%.
    🕵️ Operation suggestion:

    Nasdaq 100 19010.975  Sell  Target Price  18766.840

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin -0.11% 82492.2 82175.2
    Ethereum -0.72% 1812.8 1803.5
    Dogecoin -0.51% 0.16823 0.16682
    📝 Review:From the overall trend, the bearish forces of Bitcoin clearly dominate. As of the time of writing, Bitcoin's price is below the 85,500-point mark and has broken below the 4-hour central range today. Other altcoins are experiencing significant volatility, likely influenced by Ethereum, which indicates that Bitcoin's market depth is relatively stronger. Currently, Bitcoin has retested the critical 144-day moving average support level. If it can stabilize here, the daily chart may re-enter an upward trend. Personally, I believe that Ethereum's exchange rate has recently hit a new low again, which has surprised many. However, based on historical experience, such declines in the exchange rate often get compensated at some point, although the exact timing is hard to predict—it could be now or in the coming weeks or months. Despite the current pessimistic market sentiment, it's important to remain optimistic, as this may provide a better entry opportunity for a bullish outlook on Ethereum in the later stages, unless Ethereum loses its second position in the cryptocurrency market.
    🕵️ Operation suggestion:

    BitCoin 81428.2  Sell  Target Price  78416.8

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