$BTC
📉 US stocks plummet!
Tech giants lead the decline!
On November 1, US stocks opened lower and continued to fall, with tech stocks, chip stocks, and AI concept stocks all diving. Despite the impressive earnings reports from the 'Tech Seven Sisters,' the market was disappointed with the performance guidance, causing the Nasdaq to plunge 2.76%, hitting a two-month low; the Dow Jones fell 0.90%, and the S&P 500 dropped 1.86%, ending a five-month streak of gains.
🔑 Bitcoin fluctuates, Trump trade heats up!
The cryptocurrency market followed the downward trend, with Bitcoin dropping below $70,000, down 3.18%, but up nearly 10% for October; Ethereum fell 5.1%, priced at $2,516, and down 4.28% for October. The popularity of Trump trades remains high, becoming the market focus.
💵 Dollar weakens, yen and euro strengthen!
The dollar index fell below 104, closing down 0.2%, but up 3.1% for October. The yen increased by 1% due to the dovish comments from the Bank of Japan, with a cumulative increase of 5.86% for October; the euro strengthened by 0.26% due to inflation exceeding expectations, but down 2.25% for October. The British pound fell 0.51% against the dollar, with a cumulative decline of 3.55% for October.
🛢️ Crude oil and gold prices rise, safe-haven demand increases!
International crude oil prices continued to rise due to ongoing tensions in the Middle East, with WTI crude oil once rising over 2%, and Brent crude closing up 1.87%, with a cumulative increase of about 2.38% for October. Gold prices rose due to safe-haven demand ahead of the US presidential election, increasing for four consecutive months, with spot gold up about 4.2% for October.
📊 Non-farm data to be revealed tonight, market holds its breath!
US September PCE inflation met expectations, and the market is focused on tonight's October non-farm employment report. It is expected that new non-farm payrolls will slow significantly due to hurricanes and strikes. On the eve of the elections, if the data is weak, market volatility may intensify.
Friendly reminder: The market is volatile; reasonable asset allocation is key!
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