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Market News The US March CPI annual rate hit a nearly six-month low, will the Fed cut interest rates in June?
Markets News
The US March CPI annual rate hit a nearly six-month low, will the Fed cut interest rates in June?
TOPONE Markets Analyst2025-04-11 09:01:37
Hot spot tracking
- The unadjusted U.S. CPI annual rate for March was 2.4%, hitting a six-month low and falling below market expectations of 2.6%. This news is bearish for the U.S. dollar and U.S. stocks.
- Boston Fed President Collins: There may still be room for interest rate cuts this year, and tariffs could push core inflation "well above" 3% this year. This news is negative for the dollar and U.S. stocks.
- Mainland China's CPI fell 0.1% year-on-year in March; PPI fell 2.5% year-on-year in March. This news is negative for the RMB.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲2.27% 1.12008 1.1198 GBP/USD ▲1.20% 1.29717 1.29699 AUD/USD ▲1.14% 0.62265 0.62272 USD/JPY ▼-2.00% 144.441 144.548 GBP/CAD ▲0.49% 1.81322 1.81251 NZD/CAD ▲0.86% 0.80223 0.80168 📝 Review:On Thursday, the US dollar index continued to decline intraday, plummeting by more than 2% at one point to near the 100 mark, and finally closed down 1.97% at 100.93. Non-US currencies surged, with the Swiss franc soaring nearly 4%, and the euro and yen rising more than 2%. The benchmark 10-year US Treasury yield closed at 4.36%, while the more policy-sensitive 2-year US Treasury yield closed at 3.883%.🕵️ Operation suggestion:USD/JPY 143.147 Sell Target Price 142.024
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲3.03% 3175.43 3176.48 Silver ▲0.77% 31.225 31.23 📝 Review:Spot gold surged more than 3% intraday, refreshing its all-time high to above $3,170, and finally closed up 3.11% at $3,175.77 per ounce. Spot silver rose 0.67% to close at $31.20 per ounce. In early trading on Friday, gold once again refreshed its all-time high to above $3,180.🕵️ Operation suggestion:Gold 3194.46 Buy Target Price 3255.32
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-3.81% 59.87 59.837 Brent Crude Oil ▼-3.43% 63.221 63.206 📝 Review:As investors reassessed the U.S. plan to suspend comprehensive tariffs, both oil benchmarks erased most of Wednesday's gains. WTI crude continued to rise during the day but fell below the $60 mark again, closing down 3.83% at $59.83 per barrel; Brent crude closed down 3.3% at $63.28 per barrel.🕵️ Operation suggestion:WTI Crude Oil 59.425 Sell Target Price 54.665
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-4.00% 18409.1 18372.3 Dow Jones ▼-2.85% 39665.2 39625.6 S&P 500 ▼-3.59% 5279 5282.8 US Dollar Index ▼-1.89% 100.8 100.4 📝 Review:The three major U.S. stock indices continued to plummet, with the Dow Jones closing down 2.5%, the S&P 500 down 3.46%, and the Nasdaq Composite down 4.31%. Tesla (TSLA.O) fell 7.2%, Apple (AAPL.O) fell 4.2%, Nvidia (NVDA.O) fell 5.9%, and Pinduoduo (PDD.O) fell 6.1%. The Nasdaq Golden Dragon China Index closed down 1.1%, Alibaba (BABA.N) fell 0.6%, and Li Auto (LI.O) rose 5%.🕵️ Operation suggestion:Nasdaq 100 18083.150 Sell Target Price 17405.850
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▼-4.02% 79865.5 79652 Ethereum ▼-8.37% 1529.1 1522.9 Dogecoin ▼-4.80% 0.15466 0.15374 📝 Review:Recently, the Bitcoin market has shown a relatively quiet trend, with trading volume decreasing and prices falling in sync with the trading volume, leading to a noticeable decline in market activity. From a technical perspective, the MACD histogram remains positive but is gradually shortening, indicating that the bullish momentum is weakening, and the market currently lacks a clear trend. The KDJ indicator is also in a neutral state, with a value of 78, showing no golden cross or death cross signals. Additionally, the MA10 value was higher than the MA30 value at both 16:00 and 20:00 on April 10, 2025, suggesting an overall downward trend. This decline in trading volume may be attributed to several factors. On one hand, market sentiment is cautious, with investors reducing trades due to uncertainty. On the other hand, the market may be in a consolidation phase, with reduced price volatility, as both buyers and sellers adopt a wait-and-see approach, anticipating a clearer direction.🕵️ Operation suggestion:BitCoin 79334.1 Sell Target Price 76622.0
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