Two hours after the close of the Chinese stock market, a 'mini trend change' occurred in the global market: the US dollar index surged to a two-year high.
· The news corresponding to that time point is: Eurozone November Manufacturing PMI fell short of expectations (market expectation: 46; actual: 45.2). In the past, this was a piece of data that traders easily overlooked, but this week it has become the most important data—this data has raised expectations for a significant rate cut by the European Central Bank, with the likelihood of a 50 basis point cut in December rising to 50%. On one hand, people are worried about the economic recession in the Eurozone, and on the other hand, concerns about Trump's return to the White House and the escalation of the Russia-Ukraine war are all influencing the decision-making of the European Central Bank.$BTC $ETH
Looking at the two major central banks globally, on one side, the uncertainty of whether the Federal Reserve will cut rates in December, and on the other side, the European Central Bank's significant rate cut in December, has led to a breakthrough rise in the US dollar. People may not care about the euro, but its weakness has made today's rise in the US dollar very crucial—signaling that the US dollar index has officially broken free from technical constraints, and its volatility will further open up. It was also from that moment that gold, crude oil, and Bitcoin's intraday performance began to decline, first feeling the chill.
The breakthrough rise of the US dollar also indicates that the global market will enter a chaotic week next week.
Starting next week, a new theme for speculation will emerge in the market, namely the impact of Trump entering the White House. Although Trump has nearly two months left to take office, it is expected that he will announce the US Treasury Secretary candidate next week, which is as significant as the Federal Reserve's interest rate decision. Because once the candidate is announced, traders will be able to analyze the next major trend for the US dollar, US stock market, and even the global market based on this information.#比特币突破10万？ #ETH市场新动向 #非BTC板块市场走势 #聚焦比特币 #现任美SEC主席将于1月离职
