ChainCatcher news, after the release of the US CPI data, traders increased their bets on a rate cut by the Federal Reserve in December.

ChainCatcher news, Pepperstone's senior research strategist Michael Brown stated in a report that the U.S. November CPI data to be released tonight is unlikely to materially change the recent outlook for Federal Reserve policy. A 25 basis point rate cut next week seems to be a certainty, with the labor market rather than price pressures being the main determinant for the current policy shift.Economists surveyed by The Wall Street Journal expect the overall CPI year-on-year increase in November to accelerate to 2.7% from 2.6% in October, while the core CPI year-on-year increase is expected to remain unchanged at 3.3%.

ChainCatcher news reports that, according to 4E monitoring, on the eve of the release of U.S. CPI data, U.S. stocks collectively retreated with all three major indices declining. The S&P 500 index closed down 0.30%, the Dow Jones down 0.35% for the fourth consecutive trading day, and the Nasdaq, after hitting an intraday all-time high, ultimately closed down 0.25%. Large tech stocks had mixed performances, with Tesla rising 2.87% to set a new three-year high, and Google A rising 5.59%, marking the largest single-day gain since April. In the cryptocurrency sector, MicroStrategy rose 3.3% amid market speculation that it might be included in the Nasdaq 100 index, while Coinbase fell 2.61%.The cryptocurrency market experienced a sharp correction, influenced by Google's launch of its latest quantum chip, Willow, which sparked discussions in the crypto community about quantum computing attacks. Bitcoin dropped from around $100,000, nearing the $94,000 mark at one point, while altcoins generally fell by about 20%, marking the largest declines in the recent market. As of the time of writing, Bitcoin hovered around $97,000.In the forex commodities sector, the U.S. dollar index rose to a one-week high, marking its third consecutive day of gains; geopolitical risk aversion and market bets on a Federal Reserve rate cut next week boosted gold prices, with spot gold rising over 1% to test $2,700; the easing of the situation in Syria and potential stimulus measures from major emerging markets supported market confidence, stabilizing oil prices.The current market is focused on the U.S. November CPI data to be released tonight at 21:30, which will significantly influence the Federal Reserve's interest rate path during its meeting on December 17-18. CME's FedWatch tool shows that traders believe there is an 86% chance of a rate cut next week. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, 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.

ChainCatcher news, data released last Friday showed that non-farm employment was better than expected, and the unemployment rate slightly increased, reinforcing expectations for a rate cut in December, with the market estimating the likelihood of a rate cut in December rising to around 85%.According to 4E monitoring, last week, the surge in tech stocks pushed major U.S. stock indices to new highs, with the Nasdaq soaring over 3%, and the S&P 500 index rising nearly 1%. Both the Nasdaq and S&P reached new historical highs, while the Dow Jones was the only index to decline, falling about 0.5%.The cryptocurrency market is booming, with Bitcoin spot ETF funds experiencing a net inflow for a consecutive week, totaling nearly $2.8 billion. The market capitalization of stablecoins increased by $3.9653 billion, a growth of 2.56%. The strong inflow of funds led to Bitcoin breaking through the $100,000 mark and ETH surpassing the $4,000 level, with altcoins experiencing a comprehensive rally, resulting in several mainstream coins doubling in value. Currently, Bitcoin is consolidating around $100,000, providing opportunities for altcoins.In the forex commodities sector, the U.S. dollar continued to strengthen last week. After the non-farm data was released, the dollar significantly dropped but eventually turned upward, accumulating a weekly gain of 0.22%. The rise of the dollar limited the upward space for gold prices, but expectations of a rate cut provided support for prices, causing gold to fluctuate within a narrow range, with overall market sentiment being cautious. Oil prices fell for three consecutive days last week due to concerns over oversupply, with West Texas Intermediate crude oil dropping 1.17% for the week and Brent crude oil declining 1%.Recent data suggests that the progress of U.S. anti-inflation efforts may be stalling, and the CPI data to be released this Wednesday will be a determining factor for the Federal Reserve's interest rate decision this month. The market expects an approximately 85% chance of the Federal Reserve cutting rates by 25 basis points on December 18. However, expectations for fewer rate cuts next year are continuing to strengthen.Additionally, as the year-end approaches, large investment institutions are facing portfolio rebalancing to accommodate year-end reporting and tax issues, which may create a short-term liquidity shock in the U.S. stock market, potentially being the largest adverse factor in the near term, expected to suppress risk assets. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, 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 reasonably.

ChainCatcher news, the U.S. October CPI data released last night fully met market expectations, causing little stir in the market. However, the data performance has increased market confidence that the Federal Reserve will cut interest rates again next month, with the probability of a 25 basis point cut in December rising from about 58% earlier on Wednesday to around 80%.According to 4E monitoring, U.S. stocks showed volatility on Wednesday, with the three major indices collectively turning negative at the start, then rebounding to rise, but significantly narrowing gains by the end of the day, with the Nasdaq closing down 0.26%, the S&P 500 slightly up 0.02%, and the Dow Jones up 0.11%. The "Tech Seven Sisters" had mixed performances, and most cryptocurrency concept stocks retreated.The cryptocurrency market regained momentum after a brief pullback. Bitcoin broke through the important $90,000 mark last night, reaching a high of $93,265, then retreated after hitting a new historical high, and as of the time of writing, it was at $89,586. Bitcoin's market capitalization has now surpassed Saudi Aramco, making it the seventh largest asset in the world. Meme coins continue to rise, leading various sectors and becoming the focus of investors' attention.In the forex and commodities sector, after the CPI release, the dollar index initially fell and then rose, reaching a 13-month high since October last year, putting pressure on other currencies, with the offshore yuan falling below 7.25 yuan. Oil prices rebounded on Wednesday, closing up over 0.45%, lingering at two-week lows. The rise in the dollar and U.S. Treasury yields pressured gold prices to decline for the fourth consecutive trading day, hitting a near two-month low.The CPI data, which was in line with expectations, increased the probability of another rate cut by the Federal Reserve in December and helped to some extent alleviate market concerns about inflation prospects following a potential Trump victory. Currently, the market is focused on Thursday's PPI and weekly initial jobless claims, Friday's retail sales data, and comments from Federal Reserve Chairman Powell and other Fed officials. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, 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.

ChainCatcher news, according to Jinshi, Goldman Sachs senior market advisor Dom Wilson stated that the market's focus and most of the volatility clearly stem from the post-election shift. The Federal Open Market Committee (FOMC) in November conveyed a message of "steady progress," so a truly significant surprise may be needed to drive the market.Dom Wilson mentioned that rising data could fuel the notion that the fight against inflation is not over yet, leading the market to further reduce the probability of a rate cut in December, especially considering the more optimistic inflation cycle priced in by the market since the election.

ChainCatcher news, according to The Block, BRN analyst Valentin Fournier stated, "The momentum of Bitcoin paused yesterday, reaching a high of $90,000 during the day. We believe this indicates that some large investors are taking profits, which may lead to a brief pullback before the price resumes its upward trend."Fournier noted that upcoming events and technical indicators may suggest potential price reversals. "Currently, the upside potential seems greater than the short-term downside risks. However, if today's upcoming CPI data exceeds expectations, it could trigger market volatility."

ChainCatcher news, the Bank of Montreal believes that any significant impact of the recent storm on inflation data is likely to be limited, which means that the market's reaction to any deviation in core inflation could be pronounced. The market generally predicts that this month's core CPI month-on-month rate will steadily rise by 0.3%, with a tendency for a possible unexpected upside. A reading of 0.4% or higher would cause a stir, especially in the context of the recent election of Trump.Logically, if inflation has already begun to rise before the Republican victory, the effects of tariffs and potential trade conflicts could further exacerbate inflationary momentum.However, although targeted tariffs may not push prices higher, this assumption is currently influencing the sentiment in the U.S. interest rate market. Given this market outlook, the bank expects that an unexpected rise in October's inflation data could have a significant impact on U.S. Treasury yields, with inflation data being the most direct factor that could push the 10-year U.S. Treasury yield above the 4.50% threshold.

ChainCatcher News, the U.S. October CPI report is about to be released. As the first major economic data after the election, it will clearly be a key factor influencing the future policy path of the Federal Reserve. Before this important inflation data is released, the market's rapid upward momentum has paused.According to 4E monitoring, all three major U.S. stock indexes fell on Tuesday. The Dow Jones Industrial Average closed down 0.86%, while the S&P 500 and Nasdaq ended their five-day winning streaks, closing down 0.29% and 0.09%, respectively. Among them, "Trump trade" stocks led the declines, with Tesla down 6.1% and Trump Media Group falling nearly 9%. Cryptocurrency-related stocks had mixed results, with MicroStrategy (MSTR) up 4.88% and Coinbase down 1.58%.The cryptocurrency market generally experienced a pullback, with Bitcoin slightly adjusting after breaking through the $90,000 mark to reach a new high. As of the time of writing, it was reported at $88,196, down 0.61%, while Ethereum was at $3,270, down 1.66%.In the forex market, the U.S. dollar index rose to its highest level since November 2022 on Tuesday, pushing the euro to its lowest in a year, the yen to its lowest in three months, and the offshore yuan briefly fell below 7.25 yuan, with other currencies also under pressure. Weighed down by the strengthening dollar and OPEC's fourth consecutive month of lowering global oil demand growth expectations, oil prices have dropped about 5% over the past two trading days. The rise in the dollar index has pressured gold prices down to nearly a two-month low.After the election, the market has already seen a significant rise approaching overbought conditions, and investors are beginning to consider that the main trading line in the market may shift back to the outlook for monetary policy. The U.S. October CPI report, which will be released tonight, could have a critical impact on the Federal Reserve's future interest rate cut process. Any significant surprises in the CPI report could trigger more pronounced market volatility. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and foreign exchange. Recently, it launched a USDT stablecoin financial product with an annualized yield of 5.5%, providing potential hedging options for investors. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher message, affected by the North American Daylight Saving Time, the U.S. October CPI data will be released tonight at 21:30. (Jin Shi)

ChainCatcher news, last week the "Trump Trade" created a stir in the market. Trump's return to the White House and the Republican Party's potential landslide victory in Congress, along with the Federal Reserve's expected 25 basis point rate cut, have settled two major risk events, driving a significant rebound in the financial markets.According to 4E monitoring, U.S. stocks surged rapidly, with all three major indices hitting new highs last week, and the Dow Jones and S&P 500 recorded their best weekly performance of the year. Specifically, the S&P 500 index rose 4.66% over the week, the Dow gained 4.61%, and the Nasdaq increased by 5.74%. Tesla soared to a new high since April 2022, with a weekly gain of 29.01%, pushing its market cap above $1 trillion. Nvidia briefly surpassed Apple to become the world's most valuable company, with a weekly increase of 9.03%. The total market capitalization of the seven tech giants grew by nearly $94 billion over the week.Benefiting from Trump's support for cryptocurrencies and the prospect of pro-crypto lawmakers in Congress, Bitcoin broke through the $80,000 mark, setting a new historical high. As of the time of publication, it was at $81,635, with a 7-day cumulative increase of over 18%. Ethereum was reported at $3,207, with a 7-day cumulative increase of over 30%. Altcoins collectively surged, generally outperforming the market, boosting market sentiment.In the forex commodities sector, the U.S. dollar index rose last week, with a cumulative increase of 0.6% over six consecutive weeks, while non-U.S. currencies were generally under pressure. Oil prices experienced significant fluctuations over the week; early in the week, OPEC+ announced another delay in production increases, causing oil prices to rise sharply. However, U.S. EIA crude oil supplies hit a new high since August, dragging down the weekly oil price gains, with Brent crude rising 1.09% for the week. Spot gold fell 1.85% over the week due to a stronger dollar and the Federal Reserve's indication of an open attitude towards pausing rate cuts.With the U.S. elections concluded, investors will now refocus on the outlook for monetary policy and corporate earnings, continuing to assess the impact of Trump's policy expectations. This week, many Federal Reserve officials will speak, and the latest U.S. CPI data, PPI data, and retail sales figures will serve as important references for investors to gauge the health of the U.S. economy and the extent of the Federal Reserve's rate cuts in 2025. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launching a USDT stablecoin wealth management 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.

ChainCatcher message, the cryptocurrency market research firm Santiment posted on social media that Bitcoin reached $58,900 early this morning, marking the lowest point in three weeks. However, market data shows that traders view this decline as a buying opportunity, with the narrative turning bullish. Additionally, the U.S. CPI data met expectations, and the market still anticipates a 25 basis point rate cut in November.

ChainCatcher news, Singaporean crypto investment firm QCP Capital stated: "The minutes from yesterday's Federal Reserve meeting revealed a more hawkish stance, raising doubts about the Fed's victories in combating inflation. Combined with last Friday's strong employment data, the market has raised the expectation of a 25 basis point rate cut in November from 67.9% last week to 83.7%.Tonight's Consumer Price Index (CPI) and tomorrow's Producer Price Index (PPI) data will be key risk events for this week. Along with the earnings reports from major banks (such as JPMorgan Chase and Wells Fargo), this data is crucial for assessing the strength of the U.S. economy in the context of cooling inflation.Despite the rise in U.S. stock market indices last night, with the S&P 500 reaching a new high, the cryptocurrency market did not show the same optimism, with selling pressure re-emerging, possibly influenced by the Silk Road Bitcoin sell-off and PlusToken Ethereum sell-off news. As long as the key support level of 60,000 remains intact, we still hold an optimistic view on 'Uptober' (October rally). Given the market's expectation of more rate cuts in the future, we prefer to lock in profits at these depressed spot levels and prepare for a year-end rally."

ChainCatcher news, according to Wall Street Watch, the U.S. will release the September CPI data tonight at 8:30 PM.It is reported that the U.S. August CPI rose by 2.5% year-on-year, and the August core CPI (excluding the volatile food and energy costs) rose by 3.2% year-on-year.

ChainCatcher news, the dollar has risen ahead of the release of the Federal Reserve's meeting minutes. The Fed cut rates by 50 basis points last month, and the latest meeting minutes may provide clues for the next policy measures.Chris Turner, an analyst at ING, stated in a report: "In the past few weeks, the market has priced in about 30 basis points of easing from the Fed in 2024, but we also doubt whether investors are in the mood to reprice for an aggressive easing cycle from the Fed right now."He also mentioned that Thursday's CPI data may show that the core inflation rate in the U.S. for September remains high, which could support the dollar.