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4E: Gold prices increase sharply, cryptocurrency market recovers simultaneously, the focus this week is European - US PMI and financial reports of technology giants

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According to data observed from 4E, Trump's policies continue to be the focus of market stories, with uncertainty about tariffs continuing to put pressure on US stocks. All three major indices recorded their third consecutive week of decline: Dow Jones dropped a total of 2.66%, S&P 500 decreased by 1.5%, and Nasdaq fell 2.62%, with tech stocks leading the decline.
The cryptocurrency market showed stability with a relatively independent trend. Last week, Bitcoin fluctuated within a narrow range around $84,000. In Monday morning's Asian session, due to a sharp drop in the USD index and a 2% surge in gold futures, Bitcoin strongly rebounded, breaking through $87,000 and currently recorded at $87,415, up 2.5% in 24 hours. Altcoins collectively recovered, led by the AI group with a 7% increase, while other groups rose 1-2%, and market sentiment became more optimistic.
In the forex and commodity markets, the USD index in Monday morning's session broke through the 99 threshold – its lowest level since April 2022, dropping 0.24% for the day. Meanwhile, positive progress from the US-Iran negotiations over the weekend helped ease supply concerns, causing WTI oil to drop over 1%. Trump also posted an article about negotiation experience, affirming the "golden rule of negotiation and success: whoever holds gold sets the rules", causing spot gold to surge 1.61% and reach a new historical peak at $3,380.
In a market still covered by tariff uncertainty, investors are closely monitoring upcoming negotiations between the US and other countries to assess the scale and scope of new tariffs. This week, the US and Europe will simultaneously release preliminary April PMI indices in manufacturing and services sectors, reflecting the first wave of impact from Trump's tax policies. Additionally, upcoming financial reports from tech giants like Google and Tesla are also being eagerly anticipated by investors as important market indicators.
eeee.com – a financial trading platform supporting diverse assets including cryptocurrencies, stock indices, gold, and foreign exchange – recently launched a USDT Earn product with annual yields up to 8%, offering investors a potential option to hedge risks. 4E recommends paying attention to market volatility risks and allocating assets reasonably.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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