Market Activity

4E: Market activity has significantly increased, with a focus this week on the core PCE price index and the Federal Reserve meeting minutes

ChainCatcher news reports that according to 4E monitoring, last Friday, the three major U.S. stock indexes collectively closed higher, with the Dow Jones Industrial Average rising nearly 1%, reaching a historic high. The S&P 500 index rose by 0.35%, marking five consecutive trading days of gains, while the Nasdaq increased by 0.16%. Over the week, the Dow accumulated a 2% increase, and both the S&P 500 and Nasdaq rose by 1.7%. As the "Trump Cabinet 2.0" gradually takes shape, the market is generally optimistic about the implementation of Trump's tax cuts and deregulation policies.Cryptocurrencies showed an upward trend last week, with the market sentiment index remaining in the greed phase, indicating investors' optimistic expectations for future price movements. As BTC continues to hit new highs approaching $100,000, market activity has significantly increased, and altcoins generally saw substantial gains following the market trend, while the popularity of meme projects declined last week.In the forex commodities sector, the U.S. dollar index rose nearly 1% last week, surpassing the 108 mark and reaching a two-year high. The bleak economic outlook for the Eurozone has dampened oil demand expectations, but due to the escalation of tensions between Russia and Ukraine, oil prices rose about 6% last week, marking the best performance in two months. Recent trends in gold have been supported by strong risk aversion and reduced expectations for a Fed rate cut in December, with gold prices rising for five consecutive days last week, accumulating a 5.7% increase, the largest weekly gain in nearly two years.After Trump's victory in the presidential election, the Fed's stance on rate cuts has become increasingly cautious. Last week, a series of hawkish comments from Fed officials cast a shadow over the highly anticipated prospect of a Fed rate cut in December. The minutes from the Fed's November meeting and the Fed's preferred inflation indicator, the PCE price index, will be released on Tuesday and Wednesday local time, respectively, which may stir market waves. Currently, investors expect the likelihood of a Fed rate cut in December to be slightly above 50%. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, recently launching a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.
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