According to BlockBeats, on December 16, according to 4E monitoring, the S&P 500 ended its three-week winning streak last week, falling 0.64% for the week; the Dow Jones Industrial Average fell 1.82% for the week, having fallen for seven consecutive trading days; the Nasdaq rose 0.34% for the week, breaking 20,000 points for the first time in history.
Bitcoin revisited $100,000 last week, setting a record of the longest seven-week winning streak since 2021. The heat of the altcoin market has decreased, and the general correction is large. The Bitcoin ETF had a net inflow of $2.115 billion throughout the week, the Ethereum ETF had a net inflow of about $712.7 million, and the supply of stablecoins increased by $2.1 billion, showing a continued optimistic trend of funds. As of press time, Bitcoin suddenly rose, breaking through the historical high to $106,648, and the top ten cryptocurrencies by market value also rose by nearly 1% to 4%.
In the forex commodity sector, the US dollar index performed strongly last week, breaking through 107 on Friday to continuously refresh a two-week high, with an increase of nearly 1% for the week, marking the best weekly performance in a month, while non-US currencies fell throughout the week. International oil prices surged across the board last week due to geopolitical tensions, ending two weeks of decline, with US oil rising over 6% for the week and Brent oil increasing by 4.54% for the entire week. Benefiting from the market's expectation of an upcoming rate cut by the Federal Reserve next week, spot gold rose a cumulative 0.56% for the week.
The most关注ed economic event this week is the FOMC meeting to be held by the Federal Reserve on Wednesday, followed by the announcement of interest rate decisions and quarterly economic forecasts on Thursday. The market has fully reacted to the expectation of a 25 basis point rate cut in December, with the real focus being on clues regarding the future direction of the Federal Reserve's policy. The market expects that rate cuts next year will be more cautious and slow, and may even pause rate cuts in January.
Additionally, this week is also the last 'Central Bank Super Week' of 2024, with as many as 25 central banks including Japan, the UK, and Sweden meeting in the same week. The release of some key central bank decisions may trigger market fluctuations, especially in the fast-paced forex and commodity markets.
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