Crypto Market Plunges Overnight, Gold and Silver Surge Dramatically!

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Market News Crypto Market Plunges Overnight, Gold and Silver Surge Dramatically!

Markets News

TOPONE Markets Analyst

2024-12-10 09:34:03

Hot spot tracking

New York Fed survey: U.S. one-year inflation expectations rose to 2.97%, from the previous value of 2.87%. Bullish for the dollar.

The Syrian opposition authorized Mohammed al-Bashir to form a transitional government, and the Syrian Embassy in Russia confirmed that Assad is in Moscow. Kremlin: (Regarding Assad's asylum in Russia) It is Putin's decision; Putin currently has no plans to meet with Assad. The Syrian Foreign Minister stated that he had proposed to Assad the initiative to launch a political process in Syria, but received no response. Bullish for crude oil.

It has been revealed that the United States plans to deploy Dark Hawk hypersonic missiles in Europe and Asia. Bullish for crude oil.

Product Hot Comment

Forex

Product	Yesterday's Change	Yesterday's Close	Today's Open
EUR/USD	▼-0.08%	1.05533	1.05546
GBP/USD	▲0.05%	1.27499	1.27465
AUD/USD	▲0.69%	0.64421	0.64431
USD/JPY	▲0.82%	151.235	151.248
GBP/CAD	▲0.15%	1.80683	1.80644
NZD/CAD	▲0.56%	0.83088	0.83092

📝 Review:On Monday, the U.S. dollar index returned to above the 106 mark and fluctuated slightly near this mark. It finally closed up 0.17% at 106.11. U.S. bond yields rose slightly. The two-year U.S. bond yield closed at 4.131%; the 10-year U.S. bond yield closed at 4.203%.

🕵️ Operation suggestion:

USD/JPY 151.284 Buy Target Price 151.980

Gold

Product Yesterday's Change Yesterday's Close Today's Open

Gold ▲0.58% 2660.27 2660.7
Silver ▲2.51% 31.81 31.815

📝 Review:Spot gold rose more than 1% on Monday, rushing above the $2,660 mark, hitting a new high in the past two weeks. It finally closed up 1.04% at $2,660.30 per ounce. Spot silver once rose by more than 3%, but fell back in late trading, finally closing up 2.81% at $31.82 per ounce.

🕵️ Operation suggestion:

Gold 2660.40 Buy Target Price 2684.69
Crude Oil

Product Yesterday's Change Yesterday's Close Today's Open

WTI Crude Oil ▲1.41% 67.909 67.911
Brent Crude Oil ▲1.17% 71.747 71.749

📝 Review:Oil rebounded by more than 1% as the situation in Syria brought more uncertainty to the Middle East. WTI crude oil continued to rise during the day, and once rose to an intraday high of $68.64, then gave up some of the gains, and finally closed up 1.4% at $67.90/barrel; Brent crude oil closed up 1.22% at $71.75/barrel.

🕵️ Operation suggestion:

WTI Crude Oil 67.893 Buy Target Price 68.601

Product	Yesterday's Change	Yesterday's Close	Today's Open
Gold	▲0.58%	2660.27	2660.7
Silver	▲2.51%	31.81	31.815

Product	Yesterday's Change	Yesterday's Close	Today's Open
WTI Crude Oil	▲1.41%	67.909	67.911
Brent Crude Oil	▲1.17%	71.747	71.749

Indice

Product	Yesterday's Change	Yesterday's Close	Today's Open
Nasdaq 100	▼-0.76%	21443.25	21449.2
Dow Jones	▼-0.49%	44420.9	44415.1
S&P 500	▼-0.60%	6050.45	6052.55
US Dollar Index	▲0.17%	106	105.99

📝 Review:The three major U.S. stock indexes all fell, with the Dow Jones Industrial Average closing down 0.54%, the S&P 500 Index falling 0.61%, and the Nasdaq Composite Index falling 0.62%. Nvidia (NVDA.O) fell 2.5%, Pinduoduo (PDD.O) rose 10%, MicroStrategy (MSTR.O) fell 7.5%, and Coinbase (COIN.O) fell more than 9%. The Nasdaq China Golden Dragon Index closed up 8.5%, hitting a new high in the past two months. Bilibili (BILI.O) rose 21%, Alibaba (BABA.N) rose 7.5%, and Xpeng Motors (XPEV.N) ) rose 13%. The three times long FTSE China ETF rose 23.7%.

🕵️ Operation suggestion:

Nasdaq 100 21446.060 Buy Target Price 21667.572

Crypto

Product Yesterday's Change Yesterday's Close Today's Open

BitCoin ▼-3.34% 96922.9 97010.1
Ethereum ▼-7.82% 3697.7 3713.6
Dogecoin ▼-10.41% 0.41695 0.41238

📝 Review:On December 9, 2024, the share price of FI CSOP BTC, a Bitcoin-related concept stock in the Hong Kong stock market, fell slightly. The closing price was HK$4.864, a decrease of HK$0.08 or 1.54% from the previous trading day. Looking back on November 13, the price of Bitcoin hit a record high, reaching an astonishing $91,554. However, by December 7, the market experienced violent fluctuations, and the price of Bitcoin quickly fell back from a high of about $104,000 to around $91,000.

🕵️ Operation suggestion:

BitCoin 98113.0 Buy Target Price 101617.2