Can the cryptocurrency rebound momentum continue? Multiple factors support a market turnaround

The market rebounded after a weekend correction. Bitcoin experienced a deep decline earlier and has now rebounded to $93,970, with a 24-hour increase of 3.32%. Market participants hold mixed opinions on the future trend. Options trading data shows that many investors are still building bearish positions as risk hedges, reflecting ongoing uncertainty in market sentiment.

Geopolitical easing boosts commodity markets

Potential easing of international political tensions has put pressure on energy markets. The Trump administration is pushing for Ukraine to reach a peace agreement with Russia by the end of the month. If an agreement is finalized and sanctions on Russia are relaxed, global crude oil supplies could increase significantly. As a result, WTI crude oil prices have fallen for four consecutive trading days, currently at $57.80 per barrel (down 0.29%), while Brent crude has dropped sharply to $61.64 per barrel (down 1.41%).

Tech giants lead US stocks higher, futures indices rise across the board

US stock futures showed a clear upward trend before the market open. The three major indices futures advanced together, with Nasdaq 100 futures leading at a 0.52% increase, S&P 500 futures up 0.33%, and Dow Jones futures up 0.09%. The technology sector was particularly strong, with Nvidia (NVDA) up 0.49% in pre-market trading, Tesla (TSLA) rising 1.83%, and Google (GOOG) performing the best, surging 2.57% to $307.34 pre-market, reaching a new all-time high.

Federal Reserve rate cut expectations rise, gold prices supported

Latest comments from New York Fed President Williams have increased expectations of a rate cut. He indicated that the Fed still has room to cut rates further in the near term, pushing the probability of a rate cut in December to 71.5%. Supported by this positive outlook, gold prices recovered from declines, rising 0.07% to stand at $4,068 per ounce.

Next week’s economic data releases focus on US inflation indicators

Investors should pay attention to a series of key economic indicators. On November 25, the US will release the September Producer Price Index (PPI). On the 26th, the third-quarter GDP revision, October personal income and expenditure, and October Consumer Price Index (PCE) will be announced. Additionally, the central banks of New Zealand and South Korea will also announce interest rate decisions. On the 27th, due to Thanksgiving, the US markets will be closed. The performance of these data points will directly influence future policy expectations and asset price movements.