4E: Market uncertainty increases, risk assets are under pressure, and risk aversion rises

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ODAILY
01-10
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Odaily News Report: In recent days, the sharp downward revision or even suspension of the Federal Reserve's expected rate cuts for the full year has increased macroeconomic uncertainty, putting pressure on risk assets in general. On Thursday, the US stock market was closed for a day to mourn the late former President Carter. The cryptocurrency market has continued to decline, and the news that the US Department of Justice has been authorized to sell the $6.5 billion in seized Dark Web Silk Road bitcoins has exacerbated market fears. Bitcoin briefly dipped to $91,200 this morning, a new low since December 5 last year, and has since rebounded slowly to above $93,000, with the 24-hour decline narrowing to 1.3%. After briefly returning to $100,000 on Tuesday, Bitcoin has fallen for 3 consecutive days this week and is retesting the lower end of the range, with the market's previous reliance on a "January bull market" clearly weakening and risk-averse sentiment rising. Data on outstanding USDT futures contracts shows that speculative momentum is declining, with traders choosing to close positions and wait and see due to market uncertainty. In the foreign exchange and commodity markets, Federal Reserve officials have lowered expectations for rate cuts, causing the US dollar index to rise slightly for three consecutive days, with non-US currencies generally falling. Cold weather has driven up winter fuel demand, with US oil and Brent oil rising about 1% on Thursday. Spot gold rose more than 0.3%, up for two consecutive days, reaching the highest level since mid-December. The non-farm data will be released on Friday, and the market will re-evaluate the Federal Reserve's stance, which may lead to significant volatility in the financial markets. eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets, 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.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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