☀️ Daily Market Briefing | 2026.11.11 Wednesday
🟡 Gold | XAUUSD
Spot gold was around $4,040/oz early this morning. Yesterday, after U.S. CPI came in above expectations, gold briefly fell to around $4,014, down nearly 3% on the day. A modest technical rebound emerged this morning. U.S. October CPI rose 0.4% month over month, above the 0.3% forecast, strengthening the dollar and Treasury yields and raising expectations of a Fed rate hike in December. Near-term support is at $4,014 and $4,000, with resistance at $4,070 and $4,140. If the dollar continues to strengthen, gold’s rebound may be limited.
🛢️ Crude Oil | WTI / Brent
WTI was around $86.28/barrel and Brent around $91.92/barrel, both futures reference quotes. Oil prices fell to near two-month lows yesterday after the U.S. signaled a de-escalation of tensions with Iran, easing market concerns about supply disruptions. Expectations of weaker demand and a supply glut also weighed on prices. OPEC+ kept its December production target unchanged. Technically, watch $85 support and $88 resistance for WTI, and $90 support and $93 resistance for Brent. The near-term outlook remains weak, though geopolitical developments could trigger a rebound.
₿ Crypto Market
BTC at $73,446 (-2.30%), ETH at $2,046 (-3.93%), BNB at $679.13 (-1.77%), SOL at $82.97 (-4.31%), and XRP at $1.0503 (-4.98%). Total crypto market capitalization is about $2.44 trillion, with 24-hour trading volume around $74 billion and a Fear & Greed Index reading of 25. BTC support is at $72,700, with resistance at $75,200; watch $2,000 support for ETH. Inflation and rate-hike expectations are weighing on risk appetite, so for now, focus on position sizing and managing volatility.
📌 Economic Calendar | Beijing Time
Today is U.S. Veterans Day. The bond market is closed, while the stock market is open as usual. The U.S. EIA crude oil inventories report has been postponed due to the holiday and will be released early Friday morning Beijing time. On Thursday, watch U.S. initial jobless claims; on Friday at 21:30, watch U.S. October PPI data.
This week’s key themes: U.S. inflation, Fed policy expectations, developments in the Middle East, and crude oil inventories. In the near term, markets should remain alert to pressure from a stronger dollar.
For market updates and analysis only; this does not constitute investment advice.
$BTC
#CPI高于预期，美股与BTC再度承压 #比特币连续五周下跌 #比特币现货ETF连续三日净流出2.01亿美元 #加密市场24小时清算达11.6亿美元
🟡 Gold | XAUUSD
Spot gold was around $4,040/oz early this morning. Yesterday, after U.S. CPI came in above expectations, gold briefly fell to around $4,014, down nearly 3% on the day. A modest technical rebound emerged this morning. U.S. October CPI rose 0.4% month over month, above the 0.3% forecast, strengthening the dollar and Treasury yields and raising expectations of a Fed rate hike in December. Near-term support is at $4,014 and $4,000, with resistance at $4,070 and $4,140. If the dollar continues to strengthen, gold’s rebound may be limited.
🛢️ Crude Oil | WTI / Brent
WTI was around $86.28/barrel and Brent around $91.92/barrel, both futures reference quotes. Oil prices fell to near two-month lows yesterday after the U.S. signaled a de-escalation of tensions with Iran, easing market concerns about supply disruptions. Expectations of weaker demand and a supply glut also weighed on prices. OPEC+ kept its December production target unchanged. Technically, watch $85 support and $88 resistance for WTI, and $90 support and $93 resistance for Brent. The near-term outlook remains weak, though geopolitical developments could trigger a rebound.
₿ Crypto Market
BTC at $73,446 (-2.30%), ETH at $2,046 (-3.93%), BNB at $679.13 (-1.77%), SOL at $82.97 (-4.31%), and XRP at $1.0503 (-4.98%). Total crypto market capitalization is about $2.44 trillion, with 24-hour trading volume around $74 billion and a Fear & Greed Index reading of 25. BTC support is at $72,700, with resistance at $75,200; watch $2,000 support for ETH. Inflation and rate-hike expectations are weighing on risk appetite, so for now, focus on position sizing and managing volatility.
📌 Economic Calendar | Beijing Time
Today is U.S. Veterans Day. The bond market is closed, while the stock market is open as usual. The U.S. EIA crude oil inventories report has been postponed due to the holiday and will be released early Friday morning Beijing time. On Thursday, watch U.S. initial jobless claims; on Friday at 21:30, watch U.S. October PPI data.
This week’s key themes: U.S. inflation, Fed policy expectations, developments in the Middle East, and crude oil inventories. In the near term, markets should remain alert to pressure from a stronger dollar.
For market updates and analysis only; this does not constitute investment advice.
$BTC
#CPI高于预期，美股与BTC再度承压 #比特币连续五周下跌 #比特币现货ETF连续三日净流出2.01亿美元 #加密市场24小时清算达11.6亿美元
