Pay attention to the international financial market situation:
In the early morning, Federal Reserve Chairman Powell once again "painted the world". The Federal Reserve is expected to cut interest rates this year, which can be regarded as adding confidence to the market. Again, because the data accompanied Powell's speech last week, it directly emboldened the risk market to "break down". Market expectations have even been lower than the government's interest rate cut expectations, which means that market sentiment is lower than we imagined.
Under this, Powell may not want the market to panic too much. After all, the active risk market will bring more water storage capacity for the Federal Reserve to cut interest rates, so Powell "paints the cake" to consolidate the market's interest rate cuts.
The Federal Reserve is determined to cut interest rates this year, but when and how many times it will be cut are yet to be determined.
As I said the day before yesterday, as long as the final result is not no interest rate cut this year, the market does not need to panic because of the negative data. Instead, it will start to rebound with confidence after the negative data comes out.
With the support of the speech, U.S. stocks closed higher in the early morning, with the Nasdaq and S&P closing up 0.23% and 0.11% respectively in the early morning.
In terms of technology stocks, Google, Apple, and Tesla have all closed higher. NVIDIA has fallen slightly at the closing stage and is currently making up for its gains before the market opens.
Micro strategy, coin stock price also closed with gains,
Because demand in the ETF market began to decline, BlackRock and Fidelity. Grayscale ark ETFs all closed lower, with BlackRock and ARK seeing slight after-hours gains.
The consolidation of expectations for an interest rate cut caused the U.S. dollar index to fall in the early morning, but it still remains at a high of 104. Although the interest rate cut is confirmed, the labor market is still strong in terms of data and expectations for Friday's employment data, and the U.S. dollar index also remains strong. status. At the current state, the U.S. index and U.S. stocks continue to remain strong, which may be the result Powell wants.
Fortunately, the 10-year U.S. Treasury yield finally fell significantly after hitting a high this week.
However, due to expectations for Friday's employment data, the price of the 10-year U.S. Treasury bond still fell, and the yield also rebounded year-on-year.
The U.S. dollar is still rising against the RMB and the Japanese yen. This week, the U.S. dollar index is still more likely to rebound after the data is released on Friday.
The international gold market fell slightly after hitting 2,300 US dollars. The game in the gold market has just begun. The gold bull market did not have a harmonious ending.
International crude oil is currently quoted at $89.27. Although it has not effectively broken through $90, it still maintains a high level of stabilization and volatility. The sentiment in the crude oil market is still tense.
CME Bitcoin Futures Index is currently quoted at 66,660. After a day, the bullish sentiment in the futures market has slightly declined. Yesterday's positive premium was 400 points, and it is currently 200 points.
Bitcoin continues the oscillating trend of core support. According to the daily line, Bitcoin has been below 65,000 for only 6 days in the 29-day trend, and most of the time it is above 65,000, maintaining volatility, rising and waiting for turnover. The continuous turnover of single price inventory will be conducive to the stability of prices without bottoming out.
Bitcoin market analysis will be later.
