US stocks and virtual currency
(1) possible factors for the rise of US stock market. First of all, technology stocks led the US stock market, S & P stock market hit a new high, health care companies boosted the market strongly, and energy stocks rose with the price of crude oil. Second, the Fed will announce an interest rate decision later this week, and the market expects the fed to raise interest rates, which will be the third time this year. Standard & Poor's rose slightly by 0% or 3%, while Dow Jones and Nasdaq rose slightly, while Russell small company index fell slightly. Although inflation is low, the labor market is relatively strong. Third, last week, Apple shares rose, Symantec shares rose, and healthcare shares rose. Bluebird shares rose, while bank shares fell slightly. Oil and gas boosted energy stocks, while Chesapeake Energy Inc. rose
(2) possible factors for the rise of bitcoin. 1. Bitcoin futures rose on the first day of listing on the US stock exchange. Wall Street investors bought bitcoin for the first time, and the price of digital currency futures jumped about 20%. Bitcoin has risen this year. According to the Los Angeles Times, the US market has bought second-hand housing mortgage loans to buy bitcoin. 2. At present, the trading volume of bitcoin is relatively low, and most investors are optimistic about oil, gold, wheat and other commodities, or the stock market. The future direction of bitcoin is unknown, futures prices show that prices are rising, but investors are cautious about the market falling into bubbles and speculation. 3. JPMorgan said bitcoin was a fraud. The Chicago Mercantile Exchange will start trading bitcoin futures on December 18, with gold slightly lower and its value supporting the gold price. Bitcoin has no value, only the price rises
(3) why are US stocks rising with bitcoin? Gold fell slightly, oil prices rose, and the value of gold and oil supported each other for a long time. First, the price of gold fell slightly to about $1246 an ounce. According to the latest data of the Commodity Futures Trading Commission, the bullish position of gold declined. Silver fell to about $15 an ounce, while the dollar rose against the yen. U.S. benchmark crude rose to about $57 a barrel, while Brent crude rose to about $64 a barrel. Market risk appetite rose, gold slightly declined, and oil prices rose slightly. Second, the stronger non-agricultural report and tax rection plan boosted the US dollar. Before the US Federal Reserve increases interest rates, gold may go down and the US dollar is bullish. The U.S. dollar index reached a high of 94 points on Friday, then fell slightly to about 93, rebounded slightly from the low point and rose. Various factors supported the Federal Reserve's interest rate increase in December, which boosted the U.S. dollar. Third, bitcoin futures rose after listing in the US market, while US technology stocks rose, while banks and instrial enterprises stocks declined slightly. Fourth, the European Central Bank and the Bank of England will issue monetary policy statements. Wall Street is concerned about whether the Federal Reserve will raise interest rates for the third time in 2017 on Wednesday because of rising oil prices, rising U.S. energy stocks, rising ExxonMobil shares, rising chevron shares and rising ConocoPhillips shares. Fifth, U.S. technology stocks rose, Apple shares rose, Amazon shares rose, Google shares rose, Microsoft shares rose, Tesla shares rose, and Qualcomm shares rose. Bitcoin rose while blockchain related stocks rose. The price of gold is relatively stable, while the price of oil rises slightly, and the value supports gold and oil.
The relationship between the US dollar index and US stocks:
the US dollar index (USDX) is an index that comprehensively reflects the exchange rate of the US dollar in the international foreign exchange market and is used to measure the exchange rate change of the US dollar against a package of currencies. The US dollar index measures the strength of the US dollar by calculating the comprehensive rate of change of the US dollar and the selected basket of currencies, thus indirectly reflecting the changes of us export competitiveness and import costs
Dow Jones index is the most influential and widely used stock price index in the world. It takes a part of representative company stocks listed on the New York Stock Exchange as the compilation object and consists of four kinds of average stock price indexthe US dollar index does not come from the Chicago Board of trade (CBOT) or the Chicago Mercantile Exchange (CME), but from the New York Cotton Exchange (Nyce). Established in 1870, the New York Cotton Exchange was initially composed of a group of cotton merchants and intermediaries. At present, it is the oldest commodity exchange in New York and the most important cotton futures and Options Exchange in the world
in 1985, the New York Cotton Exchange set up a financial department to enter the global financial commodity market, and the first one was the US dollar index futures
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the impact of the US dollar index:
the US dollar is the legal tender of the United States of America. Because it is the largest currency in circulation in the world, many countries widely use the US dollar as the reserve currency to balance the balance of payments, so the US dollar has become the base currency in the global foreign exchange, It is also a major currency in international payment and foreign exchange transactions, and plays a very important role in the international foreign exchange market
The U.S. dollar index is a comprehensive index reflecting the exchange rate of the U.S. dollar in the international foreign exchange market, which is used to measure the exchange rate change of the U.S. dollar against a package of currencies. It measures the strength of the dollar by calculating the combined rate of change of the dollar and the selected basket of currenciesthe weight of each currency in the US dollar index is different: 57.6% for Euro, 13.6% for yen, 11.9% for British pound, 9.1% for Canadian dollar, 4.2% for Swedish Krona and 3.6% for Swiss franc. The analysis of the trend of US dollar index can indirectly reflect the changes of us export competitiveness and import cost
the rise of the US dollar index indicates that the price of the US dollar has risen compared with other currencies, that is to say, the US dollar has appreciated. If the main international commodities are priced in US dollars, the corresponding commodity prices should fall. The appreciation of the US dollar is good for the whole economy of the country, enhancing the value of its currency and increasing its purchasing power
but it also has an impact on some instries, such as the export instry. Currency appreciation will increase the price of export commodities, so it has an impact on the export commodities of some companies. If the US index falls, the opposite is true
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