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Market News 【TOP1 Evening】 USD rebounds and Bitcoin plunges

【TOP1 Evening】 USD rebounds and Bitcoin plunges

The U.S. dollar continued its rebound from last week's low. The U.S. Treasury yields soared, and the US fiscal stimulus increased to boost economic growth prospects to provide support for the U.S. dollar.

TOPONE Markets Analyst
2021-01-12
479

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Gold: The price of gold rose slightly.


Rising dollar and U.S. Treasury yields restrained gold's gains.

Spot gold rose 0.3% to $1,849.91 per ounce, after falling to the lowest point since December 2 last day. US gold futures were flat at $1,850.20 per ounce.

Spot silver rose 0.8% to $25.12 per ounce. Spot platinum rose 2.4% to $1,055.69, and spot palladium rose 0.2% to $2,375.91.


Crude oil: higher during Asian trading hours.

New York Mercantile Exchange February crude oil futures, the transaction price rose by 0.08% before the deadline, trading at USD52.21 per barrel. The previous high point was USD52.35 per barrel. Crude oil is expected to find support at USD50.39 and USD52.75 will meet resistance.

The March transaction price of Nymex Brent crude oil fell by 0.14% to USD55.58 per barrel; while the contract price of Brent crude oil and crude oil was set at USD3.37 per barrel.

Forex: The US dollar rose across the board on Monday.

Data released by the US Commodity Futures Trading Commission (CFTC) on Friday showed that speculators in the foreign exchange market are still extremely bearish on the US dollar.

The strong U.S. dollar dragged down the British pound, and the British pound GBP= fell 0.3% against the U.S. dollar. The UK’s chief medical adviser warned that the epidemic in the next few weeks would be the worst.

Bitcoin plummeted 20% on Monday to a one-week low, and then recovered some of its lost ground. This cryptocurrency
The currency is expected to record its biggest one-day decline since March, and its recent strong rise has weakened.

Stock market: The stock market fell.

With the increase in new pneumonia cases in Europe and China, investors are worried about hitting the global economy. The performance of European stock markets last week also triggered profit-taking.

The Frankfurt DAX index closed at 13,936 points, down 112 points, or 0.8%. The index hit a new high last week. The Paris CAC index reported 5662 points, down 44 points, or 0.78%. The London FTSE Index reported 6798 points, down 74 points, or 1.09%.

The Nikkei index .N225 closed 0.09% higher at 28,164.34 points, having fallen in early trading.
 

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