After the Fed cut interest rates by 50 basis points, the US stock index rose to the highest point of the day, and then fell back after Powell's press conference. Overall, the US stock market experienced significant fluctuations after the rate cut, with the S&P ending its seven-day winning streak and the Dow falling for two consecutive days. Nvidia's rebound was fruitless, closing down nearly 2%, while Apple rose nearly 2% against the trend.
After the rate cut, the yield on two-year US Treasury bonds fell by more than 10 basis points at one point, and then rebounded after Powell's press conference.
The rate cut caused the US dollar index to fall to a 14-month low, but it quickly rebounded after Powell's speech, showing a V-shaped trend. At the same time, the offshore RMB rose by more than 400 points at one point, breaking through 7.07, setting a 15-month high.
The rise in crude oil was interrupted, and US oil prices fell to this month's high, although there was a short-term recovery. After the rate cut, gold prices rose by more than 1% at one point, setting a record high, but also fell after Powell's speech. For more market information and strategies, please contact me and share the strategies of spot and contract trading for free.
