October CPI exceeded forecasts alongside hawkish statements from Federal Reserve officials, pushing the 10-year US Treasury yield to 5.14%, up 28 basis points for the week. Markets are pricing in a nearly 90% probability of a Fed rate hike in December.
The DXY index rose 1.11% to 103.41, with gold falling 4.57% to 3,885 USD/ounce and silver declining 6.10%. Bitcoin lost 8.77% to 68,290 USD, while Ethereum fell 9.37%.
Nevertheless, the S&P 500 gained 2.51%, Nasdaq 100 rose 3.53%, and VN-Index climbed 0.55% to 1,734.93. In the coming week, investors will continue monitoring yield movements and Federal Reserve commentary.
#Bitcoin #Ethereum #WeeklyRecap
The DXY index rose 1.11% to 103.41, with gold falling 4.57% to 3,885 USD/ounce and silver declining 6.10%. Bitcoin lost 8.77% to 68,290 USD, while Ethereum fell 9.37%.
Nevertheless, the S&P 500 gained 2.51%, Nasdaq 100 rose 3.53%, and VN-Index climbed 0.55% to 1,734.93. In the coming week, investors will continue monitoring yield movements and Federal Reserve commentary.
#Bitcoin #Ethereum #WeeklyRecap
