Market trend shift: Precious metals pull back, bulls start to hit the brakes

Yesterday, major assets showed divergence, and investors’ risk appetite sharply declined. Driven by profit-taking and cooling risk aversion sentiment, the previously hot precious metals market experienced a correction.

Precious metals retreat from all-time highs

Silver hit a new all-time high and then plunged, currently quoted at $56.84/oz, down 1.98%. Gold also failed to escape, with the latest quote dropping to $4191/oz, down 0.95%, breaking below the $4200 round number. Market participants pointed out that this round of precious metals rally has pushed silver into overbought territory, and technical indicators show that risks are accumulating.

Yen exchange rate fluctuates, market debates central bank rate hike expectations

The USD/JPY exchange rate has been volatile. The rate briefly fell below the 155 key level yesterday but then rebounded, currently at 156.06, up 0.42%. Expectations of a rate hike by the Bank of Japan have become the market focus, but professional analysis suggests that even if a rate hike materializes, the real interest rate adjusted for inflation will still be difficult to significantly rise, providing limited support for yen appreciation. This judgment causes the exchange rate to oscillate within a foreseeable range.

Cryptocurrency stabilizes, but risk support levels require caution

After a 5% decline the day before, Bitcoin and Ethereum have stabilized today. Bitcoin is currently quoted at $87,450 (87.45K USD), down 0.60%, with traders closely watching the $80,000 key support. If this level is broken, the next potential bottom target points to $65,000, and investors should prepare for risk management in advance.

US stock futures strengthen early, tech stocks focus again

The three major US stock index futures rose collectively at the open. Dow futures increased by 0.10%, S&P 500 futures rose by 0.18%, and Nasdaq 100 futures led with a 0.24% gain. Tech giants like NVIDIA and Tesla rose by 0.21% and 0.16% respectively in pre-market trading. Notably, Synopsys (SNPS) pre-market surged over 1%, indicating strong market demand for tech stocks.

Crude oil market cautious, geopolitical tensions influence oil prices

The crude oil market remains uncertain. As US-Russia diplomatic contacts intensify, market views on energy prospects are swinging. Brent crude is currently at $62.96 per barrel, down 0.57%; WTI crude is at $59.14 per barrel, down 0.60%. Expectations of a meeting between US Middle East envoy and Russian leadership could become the next variable affecting oil prices.

Overall, the market is experiencing an emotional adjustment period, shifting from risk appetite to cautiousness. Multiple investment assets such as precious metals, exchange rates, and cryptocurrencies are showing technical correction features, and investors should closely monitor the performance of various support levels.