US Stock Market's Big Three Indices Open Lower
On November 14, at the opening of the U.S. stock market, the Dow declined by 0.49%, the S&P 500 Index dropped by 1.05%, and the Nasdaq fell by 1.45%. The majority of digital currency and gold mining stocks weakened. Coinbase (COIN.O) decreased by 4.8% and Harmony Gold (HMY.N) fell by 4.1%. Technology stocks were mostly in an upward trend. Tesla (TSLA.O) dropped by 3.78% and Nvidia (NVDA.O) fell by 2.1%. (Jinshi)
2 minutes ago
Analyst: There is no need to be overly concerned about this market downturn, as it is more driven by profit-taking rather than panic selling.
November 14th. Jeremy Boulton, a market analyst from Reuters, stated that forex traders may be contemplating whether the long-feared stock market pullback has finally commenced. Nevertheless, the deeper the stock market declines, the greater the likelihood of a rate cut in December. At present, the market is pricing in a 52% chance of a 25-basis-point rate cut by the Federal Reserve in December. The profit-taking in this round mainly originates from investors' concerns that there will be no rate cut in December. But it should be noted that this is a profit-taking action rather than a forced liquidation of losing positions.
Traders often re-establish profitable positions after a correction, and this round of pullback is presenting more attractive entry levels. If there is an earlier-than-expected rate cut stimulus, it will provide traders with a reason to take action. (FXStreet)
2 minutes ago
Global Markets Experience "Black Friday" as Hawkish Fed Comments Dampen Rate Cut Hopes
On November 14th, a hawkish signal from a Federal Reserve official dashed the market's hope for a December rate cut in the United States. Along with a still chaotic data calendar and concerns about an artificial intelligence bubble, global stock markets and the precious metals market suffered a heavy setback on Friday.
Blue-chip stock markets from Tokyo to Paris and London all plummeted sharply. New concerns about the upcoming budget in the UK added to the pain in the British market. U.S. stock index futures indicate a muted opening on Wall Street following a sharp decline on Thursday.
Jeremy Stretch, Head of Foreign Exchange Strategy at CIBC Markets, said, "Our expectation of a rate cut in December is now back to a 50/50 split. Coupled with concerns about an artificial intelligence bubble, this has disrupted market sentiment stability, making this month's market sentiment highly volatile."
Meanwhile, the White House dashed the market's hope for a clearer picture of the U.S. economi
2 minutes ago
Global Market Continues to Roil, Wall Street Still Eagerly Awaits Economic Data Guidance
November 14th: With the reopening of the U.S. government and Wall Street's shift towards safer assets, U.S. Treasury yields and the dollar have been driven down. In the meantime, the market is still awaiting economic indicators in the face of jitters in tech stocks.
Today, the October Producer Price Index and Retail Sales data have been postponed. According to CME Group's data, although many investors are betting on a rate cut by the Fed in December, the probability of a pause in rate cuts is almost the same. The sell-off in tech stocks in the past few days seems likely to continue. (FXStreet)
2 minutes ago
「Triple Short ASTER」 Whale Liquidates 4.79 Million ASTER Short Position, ETH and XRP Longs See Nearly $10 Million in Unrealized Losses
On November 14th, as per the monitoring of EmberCN, the "3x Short ASTER" whale (0x9ee), who had previously purchased ASTER in CZ and then engaged in heavy shorting, liquidated a large short position of 4.79 million ASTER at $1.02 in the past half hour, achieving a profit of $860,000. The remaining position still holds 6.19 million ASTER with unrealized gains.
Furthermore, the whale also holds long positions in ETH and XRP worth $213 million, with an unrealized loss of $9.9 million.
2 minutes ago