"Small Non-Agricultural" Once Again Fueled Aggressive Interest Rate Hike Expectations

Hot spot tracking

Powell softens stance: Emphasizes no decision yet on pace of rate hikes

Biden plans to cut deficit by nearly $3 trillion over 10 years

U.S. senators re-introduce NOPEC bill to oppose OPEC's "oil price manipulation"

Product Hot Comment

Forex

Product	Yesterday's Change	Yesterday's Close	Today's Open
EUR/USD	▼-0.07%	1.05428	1.05432
GBP/USD	▲0.13%	1.18425	1.18398
AUD/USD	▲0.00%	0.65915	0.65918
USD/JPY	▲0.15%	137.304	137.245
GBP/CAD	▲0.56%	1.63478	1.63366
NZD/CAD	▲0.39%	0.84279	0.84294

📝 Review:The dollar was steady on Wednesday, but retreated from a three-month high hit earlier, after Federal Reserve Chairman Jerome Powell's second day of testimony to Congress contained no major surprises and as investors awaited Friday's jobs data.

🕵️ Operation suggestion:

USD/JPY 137.228 Buy Target Price 137.936

Gold

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

Gold ▲0.03% 1813.59 1813.12
Silver ▼-0.28% 20.004 20.001

📝 Review:Gold prices steadied on Wednesday after falling nearly 2 percent in the previous session as the dollar rose and Federal Reserve Chairman Jerome Powell signaled further rate hikes, denting demand for the non-yielding bullion.

🕵️ Operation suggestion:

Gold 1814.44 Sell Target Price 1805.18
Crude Oil

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

WTI Crude Oil ▼-1.08% 76.528 76.598

📝 Review:Oil prices fell on Wednesday as concerns that more aggressive U.S. interest rate hikes would weigh on economic growth and oil demand outweighed a larger-than-expected draw in U.S. crude inventories.

🕵️ Operation suggestion:

WTI Crude Oil 76.595 Sell Target Price 75.031
Indice

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

Nasdaq 100 ▲0.39% 12212.25 12212.45
Dow Jones ▼-0.22% 32796.2 32793.6
S&P 500 ▲0.09% 3992.85 3992

📝 Review:U.S. stocks rose in late trading, with the Dow closing down 0.18%, the Nasdaq closing up 0.4%, and the S&P 500 closing up 0.14%. Popular Chinese concept stocks have been falling for the past few days. Li Auto closed down about 5%, closed down about 4% after full results, and Alibaba closed down about 2%.

🕵️ Operation suggestion:

Nasdaq 100 12214.700 Sell Target Price 12119.300
Crypto

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

BitCoin ▼-0.47% 21981.5 21769.2
Ethereum ▼-0.02% 1545.9 1538.5
Dogecoin ▼-1.76% 0.07143 0.07028

📝 Review:Both the cryptocurrency market and the U.S. stock market are currently experiencing uncertainty. On the other hand, the U.S. Dollar Index (DXY) has surged in value and is currently trading near the 106 mark. This typically comes during Fed rate hikes and - thanks to Powell's hawkish comments - market participants are pricing in a 50 basis point (bps) hike in March.

🕵️ Operation suggestion:

BitCoin 21665.5 Sell Target Price 21387.0