4E: US Stock and Crypto Markets Rebound, Focus This Week on US February PCE Price Index
2025.03.24 11:00:34
March 24th. Based on 4E monitoring, during the past week, the dovish remarks from the Federal Reserve and President Trump's statement regarding flexibility in the tariff plan successively boosted stock market confidence. After significant fluctuations, the three major indices closed up collectively for the week: the Dow increased by 1.2%, marking the largest weekly gain in more than two months; the S&P 500 rose by 0.51%, ending a four-week losing streak; the Nasdaq rose slightly by 0.17%, halting the previous four-week decline. However, large-cap tech stocks generally closed the week in a lower position, with Nvidia down by 3.26%, Tesla down by 0.53%, and experiencing a consecutive nine-week decline.
The cryptocurrency market witnessed fluctuations but overall showed a mild upward trend. Bitcoin dipped below $81,000 on Tuesday and then rebounded. It surged above $87,000 on Thursday following the dovish comments from the Fed and hit a two-week high. After that, it oscillated around the $84,000 level. This morning, it experienced another rapid increase and was trading at $85,721 before the deadline, with a 3.18% increase in the past 7 days. Other major altcoins saw slight gains, with Ethereum striving to hold above $2,000, and the on-chain meme trend of BNB continued to attract attention. Signs of a market recovery are emerging, and investor sentiment is improving.
In the commodities market, the US dollar index rose by 0.34% for the week, marking its first weekly gain this month. Tensions between Russia and Ukraine and in the Middle East continued to escalate, resulting in a more than 2% increase in crude oil prices for two consecutive weeks. Spot gold rose by 1.31% last week, extending a three-week upward trend.
Last week, the Federal Reserve maintained interest rates unchanged, in line with market expectations, with the guidance for two rate cuts still in place for the year. Powell's remarks also brought some comfort to the market. This week, the focus is on the release of the Fed's preferred inflation measure - the PCE Price Index on Friday. Additionally, as the April 2nd "tariff deadline" approaches, market caution remains due to uncertainty. However, once the tariff outlook becomes clearer, the ongoing market turbulence of recent weeks may start to subside.
As a financial trading platform that supports cryptocurrency, stock indices, commodities such as gold, and forex assets, eeee.com recently launched a USDT stablecoin financial product with an 8% annualized return, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate your assets rationally.
Relevant content
US Strikes on Iran Enter Sixth Day, Soleimani Funeral Delayed, Succession Power Struggle Intensifies
**March 5**
The U.S.-Israel joint military operation against Iran entered its sixth day Wednesday, with airstrike intensity continuing to escalate.
Iran claims a U.S. torpedo struck one of its naval vessels off Sri Lanka’s coast, killing more than 80 sailors. Tehran vowed to retaliate against the U.S. at any location.
Domestically, Iran’s Supreme Leader Ayatollah Ali Khamenei died early in the airstrikes. Three days of funeral and mourning ceremonies scheduled in Tehran have been indefinitely postponed, with sources citing security concerns over fears gatherings could become new attack targets.
Succession uncertainty has emerged: Khamenei’s son Mojtaba was widely seen as a likely immediate successor, but the funeral delay has injected doubt into Iran’s top power transition. Israel stated any successor continuing current policies could also become a target.
Iran’s state television was hacked Wednesday, broadcasting a speech by exiled Crown Prince Reza Pahlavi—now a top sy
5 minutes ago
Source: Institutional Investors
March 5 (FXStreet) — TD Securities strategists said in a report Friday’s U.S. nonfarm payrolls report won’t move the dollar much unless it shows meaningful weakness. They noted U.S. economic data could take a backseat as markets shift focus to the Middle East conflict and its potential to impact the Fed’s 2024 rate-cut plans.
“You’d need a far weaker report — plus a rise in the unemployment rate — to get markets refocused on this week’s nonfarm payrolls and reverse recent price moves,” the strategists added. They noted U.S. energy independence and dimmer rate-cut odds mean the dollar should stay strong if oil prices hold high.
5 minutes ago
Federal Reserve's Powell: Has Seen Months of High Inflation
March 5 — Fed’s Barkin noted several months of elevated inflation, saying the data has temporarily paused the view that “we have tamed inflation.”
Recent jobs data has been reassuring, he added: Fed policy remains somewhat tight, but demand is still robust.
5 minutes ago
Qatari Capital Hit by Missile Strike, Security Level Elevated
On March 5, Qatar’s Ministry of Defense issued a statement confirming the country was targeted by a missile attack that day, with its air defense systems actively intercepting the projectile.
Subsequently, Qatar’s Ministry of Interior issued a nationwide security alert, announcing the country had raised its security level.
5 minutes ago
Insider: Polish Central Bank Considers Selling Gold Reserves to Fund Defense Plan
March 5 – Sources report Poland’s central bank governor has proposed selling gold reserves to raise up to 480 billion zloty (roughly $130 billion) for defense spending, a plan backed by the country’s president. Adam Glapinski, the central bank chief, outlined the proposal during a meeting with the president on Wednesday. (FX678)
5 minutes ago
US Weekly Jobless Claims Lower Than Expected
On March 5, U.S. initial jobless claims for the week ending Feb. 28 totaled 213,000—marking a new high since the week of Feb. 7, and below market expectations of 215,000. (Forex168)
5 minutes ago