HawkInsight

  • Contact Us
  • App
  • English

4E: The Federal Reserve is expected to continue to cut interest rates this week, the "Trump deal" reverses, and election uncertainty increases

On November 4, it was reported that the U.S. non-agricultural data in October was much lower than expected. Excluding data distortions caused by two hurricanes and the Boeing strike, the labor market is gradually cooling down. At the same time, the results of the U.S. election are about to be announced, Trump's odds of winning unexpectedly weakened, and the "Trump deal" has reversed, adding more uncertainty to the election. According to 4E Monitoring, the financial reports of major technology giants were released last week. Although Apple's financial reports were disappointing on Friday, the weak non-agricultural agriculture in the United States in October boosted interest rate cuts. In addition, Amazon and Intel, which had good financial reports, boosted the optimism of technology stocks. The Nasdaq closed up 0.8%. However, on a weekly basis, U.S. stocks fell all week. The Nasdaq bid farewell to the previous seven-week straight trend, fell 1.5% throughout the week, the S & P fell 1.4%, and the Dow fell 0.2%. Affected by the weakening of the "Trump Deal", risk aversion rose after approaching a record high at the end of the month. As of press time, Bitcoin was quoted at US$68,885, up 0.25%. On the 7th, the increase closed down to 1.8%. In terms of foreign exchange stocks, the US dollar index reversed in a V-shaped manner on the "non-agricultural day" on Friday, rising above 104 again and erasing the weekly decline. Last week, it rose 0.06%. The British pound was the only non-US currency to close up, bidding farewell to the previous two days. The decline after the budget was sold off, but the five-week decline was the longest in six years. Spot gold rose slightly after non-agricultural data on Friday, but as the US dollar and US bond yields remained firm, it then fell back, eventually closing down 0.32%, the largest weekly decline in August. Due to Iran's relative restraint in retaliation against Israel, U.S. crude oil output hit a new high, and weak non-agricultural and other economic data triggered demand concerns. International crude oil levels fell back last Friday, and oil prices fell by more than 3% throughout the week. This week will be a week that changes history. The final voting in the U.S. election will begin on Tuesday, November 5. It is expected that the election results will be basically finalized at noon on the 6th Beijing time. The election is currently tight and polls in swing states are constantly rolling. The latest poll data shows that there is no obvious advantage between Trump and Harris. Some investors have chosen to take profits on some Trump-oriented positions, especially those related to Trump's policies and improvements in polls. The current market style is generally cautious and uncertainty has increased. ee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It recently launched the USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential safe-haven options. 4E reminds you to pay attention to market volatility risks and rationally allocate assets.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More