A summary of the major central banks around the world in 2024 - the Federal Reserve may slow down its interest rate cuts next year, and the Bank of Japan has repeatedly postponed its interest rate hikes$BTC 1. The Federal Reserve (Cutting interest rates three times this year, a total of 100BP) Interest rate trends: Hawks cut interest rates by 25BP, Hammark voted in favor of no rate cut; Powell said we are at or close to a stage of slowing down rate cuts. Economic expectations: The economic outlook and interest rate expectations were raised, and the expectation of a rate cut next year was halved; most officials believed that inflation risks tended to be on the upside. 2. European Central Bank (Cutting interest rates 4 times this year, a total of 100BP) Interest rate trends: The interest rate was cut by 25BP, and the statement of keeping the interest rate "restrictive" was cancelled. The governor said that there was discussion about cutting the interest rate by 50 basis points.
Major central banks will hold policy meetings over the next 24 hours, with the Federal Reserve in the spotlight, but the Bank of Japan could surprise markets.
Global markets are fluctuating in an extremely narrow range, awaiting the Fed's interest rate decision early Thursday morning Beijing time. Everyone knows the Fed will cut rates by 25 basis points, but what Powell will say at the press conference and what the Fed's new economic forecasts will tell us are things that people are less sure about, so the market will be a little uneasy before that.
1. Chinese stocks rose slightly, seemingly in response to yesterday's news. Yesterday, Reuters quoted unnamed sources as saying that China plans to set an annual economic growth target of around 5% for next year and increase the budget deficit ratio to 4%. But after initially cheering for the change in policy tone, investors may be curious about the details and implementation of the stimulus policy.
Reuters quoted two informed sources today and released an exclusive news report:$BTC
· First, China's budget deficit ratio for next year is planned at 4% (which aligns with the GDP target of around 5%), reaching a record high (this year it is 3%); the deficit ratio target is one of the most closely watched indicators globally and can serve as a barometer for assessing policy intentions. · Second, the economic growth target of 'around 5%' will remain unchanged in 2025. This news was released during the trading session, seemingly intended to boost the market. After the announcement, the stock market rose in response. However, strictly speaking, the timing of the release wasn't ideal, as global investors are cautiously awaiting the Federal Reserve's decision and are hesitant to increase their bets before that; this news is likely to be drowned out in the flow of news.
Federal Reserve, Ready to Give the World a Big Surprise
This week, the Federal Reserve is likely to cut rates by 25 basis points, and the latest "dot plot" may be revised. "New Federal Reserve News Agency" Nick Timiraos published an article titled (Federal Reserve's Rate Cut Plans are Constantly Changing) this Monday (Eastern Time, or Sunday) whose timing is consistent with our expectations; it is clearly authorized by the Federal Reserve. 1. The summary text under the main title of the article encapsulates its main idea: Investors generally expect a third rate cut this week, after which officials are prepared to slow down or even stop rate cuts—this is likely the signal the Federal Reserve is about to send to the world this week.
Is it expected to become a strategic reserve? Bitcoin once surged above $106,000
On December 16, during early Asian trading on Monday, Bitcoin soared to a record high of over $106,000, boosted by comments from U.S. President-elect Trump suggesting he plans to establish a U.S. Bitcoin strategic reserve similar to the Strategic Petroleum Reserve.
IG analyst Tony Sycamore stated, "We are currently under a blue sky.
The next market expectation is $110,000. Many were anticipating a correction, which has not occurred because we have received this news now." Trump stated to CNBC late last week, "We are going to do some great things in the crypto space because we don’t want anyone else—other countries are embracing it too—we want to be the leaders.
"When asked if he plans to establish a cryptocurrency reserve similar to the oil reserves, Trump said, "Yes, I think so." Additionally, other countries are also considering cryptocurrency strategic reserves.
Earlier this month, Russian President Putin questioned the necessity of holding foreign exchange reserves, stating that the current U.S. government is undermining the dollar's role as the global economic reserve currency, using it for political purposes, which is forcing many countries to turn to alternative assets, including cryptocurrencies.
U.S. Treasuries are facing an attack from around the world.
At a certain point, if you borrow too much money, lenders may question your ability to repay all the debt. "U.S. Treasuries are currently facing an 'attack' from global markets. This week, the dollar rose alongside increasing U.S. Treasury yields, bringing risks to global markets. The yield on the 10-year U.S. Treasury surged from 4.15% to 4.4%, nearing the alert level of 4.5%. If it breaks through 4.5%, the U.S. stock market will face a wave of sell-offs. Behind the surge in U.S. Treasury yields, in addition to market expectations that the Federal Reserve may signal a pause in interest rate cuts, is also partly due to the largest bond buyers withdrawing from long-term U.S. Treasuries - the liquidation of U.S. debt has escalated sharply.
Before the opening of the Chinese market, news comes flooding in.
The flood of news over the weekend suggests that next week will be extraordinary. 1. First, there was good news that China and the US renewed the government scientific and technological cooperation agreement (this agreement has provided a framework for cooperation in technology, healthcare, environment, climate, and other fields since it first took effect in 1979). What seems like an ordinary piece of news actually holds significant meaning—it indicates that there is still some consensus in areas of cooperation between the two sides, which could lay the foundation for dialogue and cooperation in other areas in the future. However, subsequent developments may only remain at a symbolic level, especially after Trump takes office.
Investigation: What will happen to A-shares, US stocks, and gold
Global markets reversed in the second half of the week, with two consecutive days of "sell everything" on Thursday and Friday. $BTC 1. This morning we launched a survey on gold, and investors' risk appetite has hardly changed - 48% are bullish (49% last week), 41% are bearish (40% last week), and 12% are neutral (11%). 2. Next week will be a week of frequent risk events. The biggest event is the Federal Reserve’s announcement of interest rate decision (Beijing event at 3:00 a.m. next Thursday), and there will be important economic data released before and after the announcement of interest rate. The U.S. November retail sales data (terrible data) will be released next Tuesday, and the U.S. November PCE price index (inflation data favored by the Federal Reserve) will be released next Friday.
Behind the dollar's surge is a reflection of the undercurrents in the capital market. When the scene of 'selling everything' reappears, we need to confront the question: is this world really in danger? The US Dollar Index has risen for five consecutive trading days, approaching extreme levels for this year. A-shares have fallen, the RMB has depreciated, and gold, silver, and Bitcoin have turned downward; at least half of the decline in global markets is influenced by the rise of the dollar. 1. The strong trading of the dollar is like a cork in water... you push it down, but it will bounce back up directly. If its closing price in the next few trading days is above the 107 level, we will once again witness the scene of 'selling everything'. The surges of the dollar in 2013, 2018, and 2022 have all triggered panic in global markets. The rise of the dollar is not just a currency phenomenon; it is a key factor affecting global asset pricing, capital flows, and investor sentiment. When the dollar rises, it is often accompanied by market panic of 'selling everything', putting immense pressure on the world economy.
Trump rang the opening bell at the New York Stock Exchange, celebrating being named "Person of the Year" by (Time) magazine.
Chinese investors woke up to a magical scene of "sell everything" again:$BTC - All three major U.S. stock indices fell, with the Dow Jones index declining for six consecutive trading days;
- U.S. Treasury yields have fallen for the fourth consecutive day; - Bitcoin has fallen below $100,000; - Gold has fallen below $2,700; - U.S. crude oil has fallen below $70; - Only the dollar has risen for the fifth consecutive trading day. It's somewhat ironic that Trump was just named "Person of the Year" by (Time) magazine, and yesterday he rang the opening bell at the New York Stock Exchange, where cheers of "America" erupted. That day, Trump said to the camera, for me, the stock market is everything, very important...
$BTC "Main explosion of short orders" In the past 1H, the entire network has exploded $15.49 million, and the short order has exploded $12.77 million. ETH is currently priced at $3980.64, with a 24-hour increase of 5.18%. Among them, the total explosion amount of the entire network contract in the past 1H was $15.49 million, the main explosion was short orders, and ETH exploded $8.22 million (53.05%). The data is for reference only. Grayscale transferred about 700 BTC to an unknown address, worth $70.79 million. About 6 minutes ago, Grayscale transferred about 700 BTC to an unknown address, worth $70.79 million. #DeFi全线飙升 #加密市场反弹 #BTC重返10万 #美联储12月降息预期上升 #BTC投资案未获微软股东同意
The market is experiencing continuous fluctuations, with each moment filled with uncertainties. For tonight's market, we are at a critical moment, waiting for the opening of the US stock market, which will provide us with more guidance. $BTC
The pressure on Bitcoin is between 103500—102000, with resistance levels being tested multiple times but failing to break through. From the perspective of the unsuccessful attempts to break through, this position indeed constitutes a significant barrier currently. However, considering the market sentiment and the current distribution of positions, the probability of a breakout to the upside seems greater.
After the previous decline, the market has been thoroughly liquidated, and now there is a significant amount of long positions remaining above. This indicates that even if there is a need for a decline, the market will first create the illusion of a breakout to attract investors to enter. Such strategies often yield good results in the short term.
In terms of long-term trends, the market situation before the end of the year does not seem to stop here. I believe the market needs to break through to a higher position, likely above 110000. After this wave of increase, the market may begin to correct and consolidate, lasting about 1-2 months. Following this process, a new major trend will once again commence.
For the evening's operational strategy, it is recommended to do a pullback at 99500—100000 Target 101500—102000 Stop loss 600 points
Although predicting future trends is always filled with uncertainties, as long as we maintain a calm mind and flexible strategies, we can gain an advantage in this game. #USUAL现货即将上线 #DeFi全线飙升 #加密市场反弹 #BTC重返10万 #XRP逆势反弹
Global traders are on high alert, withdrawing high-risk bets and waiting for two major events to occur.$BTC Last night, global markets closed with a rather unfavorable trend: the dollar rose, U.S. Treasury yields rose, and the U.S. stock market fell across the board—this has happened for two consecutive trading days. Given the above reasons, the Chinese stock market may also face some pressure today.
If the U.S. stock market falls again across the board tonight, caution is needed as it may lead to a 5%-10% correction. This drop may be different from the past; last time we at least heard bubble talk three times.
The vaguely worded statement provides important clues about future policy. $BTC Today, many traders on Wall Street will stay up late to keep a close eye on the performance of the Chinese market. The press release of the meeting on Monday contained some unusual statements, which aroused investors' expectations. 1. Overnight, when the three major US stock indexes fell across the board, Chinese stocks celebrated all night, and the Golden Dragon Index rose by 8.5%. Other markets that rose due to the news from China include crude oil, metals, European luxury goods stocks, and the British pound. It is also necessary to understand why the US stock market fell last night, dragged down by technology stocks. The decline of technology stocks was dragged down to a certain extent by Nvidia's stock price. China announced an antitrust investigation against Nvidia.
The turmoil in Syria over the weekend was like a loud bang, disturbing investments. However, the market on Monday was particularly restrained. Investors are preparing for a series of final decisions from four continents' central banks, significant meetings in China, and U.S. inflation data.$BTC
Compared to the events that occurred over the weekend, Monday's global market trend is slightly restrained, as if it were silent.
1. The markets for the U.S. dollar, crude oil, and others opened smoothly, with no instances of "gapping up" or "gapping down." Only gold jumped $14 at the open, seemingly influenced by news of the Chinese central bank restarting gold purchases, while the Syrian government's collapse had little impact on the market.
See the trend Recognize the approach $BTC previously specified to plan for a pullback near 98500, currently rebounding around 100300, with an observed profit of 1500 points! #粉丝代币板块普涨 #美财政部称BTC“数字黄金” #币安将上市ACX、ORCA #ENA突破1美元 #加密沙皇
Before the opening in China, the atmosphere is very tense.
Big events are coming, and speculations precede them.
1. Domestic affairs that Chinese investors will focus on in the coming week include not only 'important meetings' but also a series of economic data.
· On Monday, China will announce December CPI and PPI data, which may also be 'one good, one bad'. Economists expect November CPI to slightly rebound to 0.5% (up from 0.3% in October), while PPI may decrease by 2.8% (down from 2.9% in October). · On Tuesday, China will release trade data, which is also likely to be 'one good, one bad'. Economists expect that November exports may increase by 8.4%, down from 12.7% in October. Imports may increase by 0.8%, compared to a decline of 2.3% in October, indicating a slight improvement in domestic demand.
From the current market situation, after experiencing a significant rebound, whether this is a positive signal still needs to be analyzed in conjunction with various market factors. $BTC
First of all, the strength of this 10,000-point rebound should not be underestimated, especially after such fluctuations, this kind of market situation can indeed be shocking and amazing. At the same time, negative non-farm data has appeared, yet there is an increase, which is not uncommon in the cryptocurrency market and reflects the complexity and unpredictability of market sentiment.
However, this rapid increase does not necessarily mean that the market has fully recovered or entered a new upward cycle. The lightning rod signal appearing on the daily chart, do you think this is a second rebound to lure more buyers, or a sign of institutional players escaping at the peak? This means that although there may still be some upward space for the market in the short term, this increase is not stable and may carry the risk of subsequent weakness.
Regarding the current advice, it is to be bullish but not chase after the increase, wait for a pullback to the 98,000 area before making a buying plan, while at the rebound high of 101,500 area, one can consider entering the market. Overall, the current market situation is not simple, as there are both opportunities for upward movement and potential risks. Therefore, maintaining a calm mind and stable emotions is very important. #比特币重返10W大关 #币安将上市ACX、ORCA #SUI市场新焦点 #加密沙皇 #ENA突破1美元
Upon waking up, the Federal Reserve poured cold water on the world.
Upon waking up, an astonishing scene unfolded for investors. The market's expectation for a Federal Reserve interest rate cut in December has surged to 90%, but the financial market has not welcomed a frenzy. The US dollar has turned to rise, while gold and bitcoin fell at the closing, with the US stock market showing mixed results. All the uncertainties occurred in the last few hours before the close, as four Federal Reserve officials made speeches, pouring cold water on the world. * Cleveland Fed President Mester stated that policymakers are 'at or near' the stage where they should slow down the pace of interest rate cuts, citing strong economic conditions and ongoing high inflation (implying: we are at the turning point for pausing interest rate cuts).
The brief implementation of martial law in South Korea has triggered political turmoil, causing unease among investors, and subsequently Asian stock markets have fallen. After three consecutive trading days of gains, the Chinese stock market fell today, and global markets have entered a state of readiness. 1. Investors are beginning to digest recent developments, with a hint of unease permeating the hesitant trend—at one point during the day, there was a chance to recover losses, but in the final hour before the close, there was a sudden drop, revealing signs that the downward trend is not over. · Internal factors: The timing of an important Chinese meeting has been set (reportedly starting next Tuesday), and investors are focusing on next year's GDP growth target, as well as any stimulus measures for consumption. Current market expectations are relatively low, making it easier to exceed those expectations.