Abstract:Market trading is light before Thanksgiving holiday Initial application and other data support the rebound in US dollar and US bond yields
Market trading is light before Thanksgiving holiday
Initial application and other data support the rebound in US dollar and US bond yields
On Wednesday (November 22), as economic data showed that consumers' inflation expectations in the next year had further risen, some traders took profits from the dovish bets of the Federal Reserve, and the yield of US treasury bond bonds rose. The final consumer confidence index released by the University of Michigan in November was 61.3, slightly higher than the initial value of 60.4. Last week, the decline in initial unemployment claims exceeded expectations. In other aspects, due to the postponement of the OPEC+meeting scheduled for the weekend, oil prices plummeted, reducing traders' expectations that OPEC will intervene to tighten supply.
Trading was light before the Thanksgiving holiday, and the yield of two-year US treasury bond bonds hovered around 4.9%. The S&P 500 index slightly rose. Amazon's sales climbed before Black Friday and Cyber Monday. Microsoft rose on the news that Sam Altman will re lead OpenAI. NVIDIA's stock price fell after announcing its results.
Gold prices have conquered $2010 and hit a six-month high, Oversupply expectations cover the oil market, Oil prices continue to be under pressure before the OPEC+meeting
On Friday (November 24th), gold prices broke through $2000 per ounce, and there were almost no trading leads during the US market holiday. The focus now is on upcoming business activity data to find more clues about the world's largest economy. Gold has risen for the second consecutive week, and the market is increasingly convinced that the Federal Reserve has completed its interest rate hike.
The US dollar weakened, while gold slightly rose during Thanksgiving OPEC+postpones meeting, oil prices continue to decline
The minutes of the Federal Reserve meeting have limited impact on precious metals, with long and short vying for the 2000 level;