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Market News The dollar index approaches the 100 mark, gold plunges by over $100!
Markets News
The dollar index approaches the 100 mark, gold plunges by over $100!
TOPONE Markets Analyst2025-04-24 08:50:21
Hot spot tracking
- British media: Trump plans to exempt some tariffs for car manufacturers. This news is positive for auto stocks.
- Fed Beige Book: The outlook in several regions has deteriorated significantly. This news is bearish for the dollar.
- Trump says he may "substantially reduce" tariffs on China. This news is bullish for the dollar and bearish for gold.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.41% 1.13166 1.13255 GBP/USD ▼-0.31% 1.32532 1.32591 AUD/USD ▼-0.11% 0.63647 0.63673 USD/JPY ▲0.61% 143.479 143.14 GBP/CAD ▲0.07% 1.83955 1.83896 NZD/CAD ▲0.02% 0.82491 0.82519 📝 Review:On Wednesday, as Trump and Bessant released optimistic signals regarding trade negotiations, the dollar index continued its rebound, ultimately closing up 0.932% at 99.9. U.S. Treasury yields were mixed, with the benchmark 10-year yield settling at 4.393%, while the more policy-sensitive two-year yield closed at 3.885%.🕵️ Operation suggestion:USD/JPY 143.125 Buy Target Price 144.300
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-1.56% 3288.16 3288.98 Silver ▲3.88% 33.56 33.547 📝 Review:Risk aversion receded and the US dollar rose, causing spot gold to plummet by more than $100, once touching the $3,260 mark, and finally closing down 2.77% at $3,288.44 per ounce. Due to improved demand prospects, spot silver diverged from gold, ultimately closing up 3.29% at $33.55 per ounce.🕵️ Operation suggestion:Gold 3325.87 Sell Target Price 3253.02
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-2.01% 62.116 62.115 Brent Crude Oil ▼-1.87% 65.223 65.213 📝 Review:International crude oil prices plunged after sources said OPEC+ would consider accelerating its oil production growth in June, but easing trade tensions limited the decline. WTI crude oil hit a low of $61.4 per barrel and finally closed down 2.02% at $62.13 per barrel; Brent crude oil closed down 1.81% at $65.24 per barrel.🕵️ Operation suggestion:WTI Crude Oil 62.096 Buy Target Price 64.161
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.41% 18681.025 18662.225 Dow Jones ▼-0.47% 39547.9 39494 S&P 500 ▼-0.05% 5370.625 5367.6 US Dollar Index ▲0.37% 99.73 99.59 📝 Review:The three major U.S. stock indices rebounded significantly, with the Dow Jones up 1%, the S&P 500 up 1.66%, and the Nasdaq Composite up 2.5%. Tesla (TSLA.O) rose 5.3%, Apple (AAPL.O) gained 2.4%, and Nvidia (NVDA.O) rose nearly 4%. The Nasdaq Golden Dragon China Index closed up 2.93%, Alibaba (BABA.N) rose 2.6%, and XPeng (XPEV.N) surged over 7%.🕵️ Operation suggestion:Nasdaq 100 18726.050 Buy Target Price 19001.360
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.65% 93577.5 93423 Ethereum ▲2.37% 1793.5 1789.4 Dogecoin ▲0.74% 0.17911 0.17785 📝 Review:From an overall trend analysis, the current Bitcoin market shows a clear bullish advantage. As of the time of writing, the Bitcoin price is below the 94,000-point mark. Looking at technical indicators across different time frames, there are no signals of consolidation divergence in the 4-hour and 30-minute cycles, while only the 5-minute cycle shows signs of consolidation divergence. This suggests that the Bitcoin price may experience a certain degree of corrective decline, but the downside is expected to be relatively limited. Turning to Ethereum, while Bitcoin is in a sideways consolidation phase, Ethereum has the potential to recover its exchange rate and further improve its market performance. Overall, the current Bitcoin market performance is extremely strong, and the entire market is showing a positive trend. Until a strong top reversal signal appears on the daily chart, the current market trend should be observed and analyzed from a perspective of oscillation with a bullish bias.🕵️ Operation suggestion:BitCoin 93300.6 Buy Target Price 94816.2
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