ChainCatcher news, according to 4E monitoring, the S&P 500 halted a three-week winning streak last week, falling 0.64% for the week; the Dow Jones dropped a cumulative 1.82% over the week, marking seven consecutive trading days of decline; the Nasdaq gained a cumulative 0.34% over the week, breaking the 20,000 point mark for the first time in history.Bitcoin rose back above $100,000 last week, setting a record for the longest seven-week winning streak since 2021. The altcoin market saw a decrease in enthusiasm, with a general pullback. Over the week, Bitcoin ETFs saw a net inflow of $2.115 billion, Ethereum ETFs had a net inflow of about $712.7 million, and the supply of stablecoins increased by $2.1 billion, indicating a sustained positive outlook for funds. As of the time of publication, Bitcoin surged suddenly, breaking its historical high to reach $106,648, with the top ten cryptocurrencies also seeing an increase of nearly 1% to 4%.In the forex commodities sector, the US dollar index performed strongly last week, breaking above 107 on Friday and continuously refreshing a two-week high, with a weekly increase of nearly 1%, marking the best weekly performance in a month, while non-USD currencies fell cumulatively over the week. International oil prices surged across the board last week due to geopolitical tensions, halting two weeks of declines, with US oil rising over 6% for the week and Brent oil increasing by 4.54%. Benefiting from market expectations of an upcoming interest rate cut by the Federal Reserve next week, spot gold rose a cumulative 0.56% over the week.The most anticipated economic event this week is the FOMC meeting to be held by the Federal Reserve on Wednesday, followed by the announcement of interest rate decisions and quarterly economic forecasts on Thursday. The market has already fully priced in expectations for a 25 basis point rate cut in December, with the real focus being on clues regarding the future direction of Federal Reserve policy. The market expects that rate cuts next year will be more cautious and gradual, with a possibility of pausing rate cuts in January.Additionally, this week marks the last "central bank super week" of 2024, with up to 25 central banks, including those from Japan, the UK, and Sweden, meeting in the same week. The decisions from some key central banks may trigger market volatility, especially in the fast-paced forex and commodities markets. 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 wealth management product with an annualized return of 5.5%, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate assets wisely.

ChainCatcher news, according to Jinshi reports, the dollar is heading towards its largest weekly decline in three months, as silver investors begin to question the so-called "Trump trade" that has driven the dollar's strength since the U.S. elections. The dollar index DXY fell nearly 0.2% during the Asian session on Friday, with the weekly decline expanding to 1.1%.This week, the dollar weakened against all other G10 currencies, with the dollar falling the most against the yen. Singapore's StoneX Financial forex trader Mingze Wu stated, "The market is still struggling to find the direction of the dollar." "We expect the dollar to move sideways until Trump is inaugurated in January next year, and once he announces his policies, the dollar's direction will become clearer."Posts by Trump on social media have begun to disrupt financial markets, as concerns grow that his policies may ultimately harm the world's largest economy, causing the dollar's eight-week rally to stall. Citigroup's index tracking forex fund dollar positions rose this week to its highest level since August 2023, indicating that long positions may be overly stretched.

ChainCatcher news reports that the Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6 and 30 to address currency fluctuations.The bank attributed the volatility to strong import demand and seasonal factors. Nigeria is facing a foreign exchange shortage, and the government has taken various measures to address it, including restricting foreign currency withdrawals and considering selling oil in local currency.

ChainCatcher news, last Friday, the U.S. non-farm payrolls for September unexpectedly surged by 254,000, and the unemployment rate unexpectedly dropped to 4.1%, solidifying expectations for a healthy economic soft landing and prompting the market to retract bets on a significant interest rate cut in November.According to 4E observations, buoyed by expectations of an economic soft landing, U.S. stocks opened higher and closed up on Friday, with the S&P 500 rising 0.90%, gaining 0.22% for the week, the Nasdaq up 1.22%, with a weekly increase of 0.1%, and the Dow Jones up 0.81%, with a slight weekly gain of 0.09%. The China concept index rose over 3% and gained nearly 12% for the week. The cryptocurrency market followed the rise in U.S. stocks, with Bitcoin climbing back above $63,000, closing at 63,859, narrowing its weekly decline to 1.03%, while Ethereum reported 2,507, with a weekly decline narrowed to 4.18%. In the foreign exchange and commodities market, safe-haven demand and favorable economic data drove the dollar index to rise for five consecutive days this week, reaching a seven-week high, while non-U.S. currencies fell broadly, with the euro down 1.8% against the dollar for the week and the pound down 2%. The robust employment data eliminated expectations for a significant interest rate cut by the Federal Reserve in November, leading to a rebound in the dollar and U.S. Treasury yields, which put continuous pressure on gold prices, with spot gold declining 0.5% for the week, ending a three-week streak of gains. The market continues to worry about the escalation of conflicts in the Middle East leading to supply disruptions, with oil prices rising for five consecutive days, and Brent crude increasing over 9% for the week.This week, the market focus is mainly on the release of the Federal Reserve's meeting minutes, the publication of U.S. inflation data for September, and earnings reports from major banks, which will provide important economic clues for the market. Additionally, attention should be paid to the developments in the Middle East situation. 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 wealth management product with an annualized yield of 5.5%, providing investors with a potential safe-haven option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.