On January 6, according to 4E monitoring, US stocks rebounded after falling for five consecutive trading days. On Friday, the three major indices expanded their gains and closed near their daily highs, but US stocks fell for the week, with the S&P 500 index down 0.48% for the week, the Dow down 0.60%, and the Nasdaq down 0.51%.
The cryptocurrency market has seen a significant rebound at the start of the year. Bitcoin fell nearly 15% in this adjustment, reaching a low of $91,530, before rebounding. It has risen more than 8% from last month's low, and is currently fluctuating around the $99,000 level, with a strong bullish sentiment in the market, and may challenge the $100,000 level again at any time. Ethereum has performed relatively strongly recently, rising more than 18% over the past 2 weeks from the low on December 20, and is currently trading at $3,668. Many Altcoins have also seen significant rebounds. The recent popular AI agent concept coins have seen large adjustments after experiencing consecutive days of substantial increases.
In the foreign exchange and commodity markets, the US dollar index fell 0.4% on Friday, retreating from a two-year high, and the weekly gain narrowed to 0.7%. The euro and pound sterling fell more than 1% this week. Oil prices continued to rise for five consecutive days, refreshing a two-month high, with Brent crude up about 3% last week and WTI up nearly 5%. The strength of the US dollar caused spot gold to retreat from a three-week high, but it still gained nearly 1% last week.
This week, the focus will be on the minutes of the December FOMC meeting and the release of the December non-farm payrolls report on Friday. Although the market generally believes that the dot plot released at the December meeting will convey a hawkish message, the meeting minutes will provide a more direct understanding of the Fed officials' views on the US economic outlook and whether they believe the risks of economic growth slowdown are rising. eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, gold, and foreign exchange, and has recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
