The Federal Reserve issued a signal to cut interest rates, gold soared nearly $50, and the Dow hit a record high!

Hot spot tracking

The Fed remains on hold as scheduled, opening the door to a rate cut next year

U.S. PPI growth slowed year-on-year in November to the lowest level since June this year

OPEC maintains oil demand growth forecast

Product Hot Comment

Forex

Product	Yesterday's Change	Yesterday's Close	Today's Open
EUR/USD	▲0.72%	1.08747	1.08777
GBP/USD	▲0.42%	1.26183	1.26238
AUD/USD	▲1.57%	0.66639	0.66617
USD/JPY	▼-1.74%	142.892	142.586
GBP/CAD	▼-0.11%	1.70557	1.70509
NZD/CAD	▲0.15%	0.83429	0.83398

📝 Review:The Federal Reserve kept interest rates steady on Wednesday and signaled in new economic forecasts that the historic U.S. monetary tightening of the past two years is over. Federal Reserve Chairman Jerome Powell said on Wednesday local time that the historic tightening cycle of U.S. monetary policy may have ended, and discussions on interest rate cuts have begun to "come into view."

🕵️ Operation suggestion:

USD/JPY 142.706 Sell Target Price 141.680

Gold

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

Gold ▲2.40% 2027.32 2028
Silver ▲4.58% 23.788 23.769

📝 Review:On Wednesday (December 13), as the Federal Reserve turned "dovish" and announced that interest rates would remain unchanged, the market's bets on interest rate cuts in 2024 expanded. The U.S. dollar index and U.S. bonds both fell sharply, and the safe-haven function of precious metals became prominent, causing the price of gold denominated in U.S. dollars to record the largest increase in the past two months.

🕵️ Operation suggestion:

Gold 2032.37 Buy Target Price 2053.07
Crude Oil

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

WTI Crude Oil ▲1.65% 70.091 70.086

📝 Review:The outlook for oil in 2024 and beyond is even more pessimistic following the COP28 agreement on Wednesday (December 13). Speculators have played a major role in this trend, slashing long positions while increasing short positions. Market dynamics have been exacerbated by excessive concerns about oil demand growth, which has had a negative impact on market sentiment.

🕵️ Operation suggestion:

WTI Crude Oil 70.100 Sell Target Price 68.132
Indice

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

Nasdaq 100 ▲1.05% 16552.65 16577.85
Dow Jones ▲1.44% 37132.3 37127.1
S&P 500 ▲1.32% 4709.15 4711.45

📝 Review:The three major U.S. stock indexes collectively closed higher. The Dow closed up 1.4%, reaching 37,090 points, setting a new closing high. The S&P 500 closed up 1.37%, and the Nasdaq closed up 1.38%. Star technology stocks generally rose, with Netflix (NFLX.O) closing up 3.67% and Apple (AAPL.O) closing up 1.59%, setting a new closing high. The Nasdaq China Golden Dragon Index closed up 0.42%, Niu Electric (NIU.O) closed up 6.12%, Zhihu (ZH.N) closed up 5.69%, and Boss Direct Pin (BZ.N) closed up 2.84%.

🕵️ Operation suggestion:

Nasdaq 100 16614.250 Buy Target Price 16665.080
Crypto

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

BitCoin ▲4.17% 42920.4 42962.4
Ethereum ▲3.29% 2252.9 2254.8
Dogecoin ▲3.88% 0.09568 0.0958

📝 Review:Looking at the overall trend, the Bitcoin market is slightly dominated by the short side, with the market stabilizing around 42,000 and fluctuating back and forth, while also constructing a 30-minute central range. In the short term, from a small level perspective, there are signs of stabilization, and it may rebound to test the 30-minute moving average of 144 or 233.

🕵️ Operation suggestion:

BitCoin 42739.1 Sell Target Price 42168.5