【4E: CPI Data Release Approaches, Trump Trade Pauses】On November 13, news reports that the U.S. October CPI report is about to be released. As the first major economic data after the elections, it will clearly be a key factor influencing the Federal Reserve's future policy path. Before this important inflation data is released, the market's rapid upward momentum has temporarily paused. According to 4E monitoring, all three major U.S. stock indexes fell on Tuesday. The Dow Jones closed down 0.86%, the S&P 500 and Nasdaq ended their five-day winning streaks, closing down 0.29% and 0.09% respectively. Among them, the stocks involved in the 'Trump Trade' had the largest declines, with Tesla down 6.1% and Trump Media Group down nearly 9%. Cryptocurrency concept stocks had mixed results, with MicroStrategy (MSTR) up 4.88% and Coinbase down 1.58%. The cryptocurrency market generally saw a pullback, with Bitcoin slightly adjusting after breaking above $90,000 and reaching a new high, reporting $88,196, down 0.61%, while Ethereum reported $3,270, down 1.66%. In the foreign exchange market, the U.S. dollar index rose to its highest level since November 2022 on Tuesday, pushing the euro down to a one-year low and the yen to a three-month low. The offshore yuan briefly fell below 7.25 yuan, and other currencies also faced pressure. Weakened by a strong dollar and OPEC's fourth consecutive monthly downgrade of global oil demand growth expectations, oil prices dropped about 5% over the past two trading days. The rise of the dollar index put pressure on gold prices, which fell to a nearly two-month low. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange, recently launching a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.
