ChainCatcher news, the US Dollar Index DXY broke 108, the first time since November 2022, with a daily increase of 0.89%. (Jin10)

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, 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 news, according to market news, the US dollar index DXY has risen 13 points in the short term, currently reported at 100.73. (Jin Shi)

ChainCatcher news, according to Jinshi reports, the US Dollar Index DXY has risen nearly 20 points in the short term, currently reported at 100.73.

ChainCatcher news, according to Jinshi reports, the US dollar index DXY has risen 13 points in the short term, currently reported at 100.70.Cryptocurrency stocks are down in pre-market trading, with Coinbase (COIN.O) down 2.1%, MicroStrategy (MSTR.O) down 2.5%, and ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust both down 2%.

ChainCatcher news, according to Jinshi reports, after the non-farm payroll data was released, the US Dollar Index DXY gapped down by 40 points, currently reported at 103.67.In addition, traders have increased their bets on a significant rate cut by the Federal Reserve in the future, with traders betting that the Fed will cut rates by 50 basis points in September, following an increase in the unemployment rate to 4.3% in July.

ChainCatcher message, XT Research Institute reminds that at 20:30 tonight, the U.S. Department of Commerce will release the U.S. May Core PCE Price Index year-on-year. The market generally expects that the U.S. Core PCE data will affect the U.S. Dollar Index, U.S. Treasury yields, and interest rate cut expectations, and may also impact the risk market and cryptocurrency market.The previous value of this data was 2.8%, and the forecast value is 2.6%. If the published value is lower than the expected value, it will be bearish for the dollar and bullish for non-U.S. currencies. It will be bearish for Treasury yields, bullish for interest rate cut expectations, and bearish for interest rate hike expectations. It will be bullish for the risk market and bullish for the cryptocurrency market.

ChainCatcher message, Glassnode co-founder Negentropic stated on X: "After the release of yesterday's CPI and retail sales data, the Dollar Index (DXY) was severely impacted. According to the EW-count, this looks like the 'right shoulder' of a major head and shoulders pattern. More downside potential will fuel the rebound of risk assets BTC and SP500 until the end of summer."

ChainCatcher message, the US Dollar Index DXY has risen 27 points in the short term, standing above 106, with a daily increase of 0.32%.

ChainCatcher news, the US Dollar Index DXY has broken 105, marking the first time since November 2023, with an intraday increase of 0.49%.