CPI data is about to be released, Trump's trading is temporarily suspended

The U.S. October CPI report is about to be released, as the first major economic data after the election, it will obviously become a key factor affecting the future policy path of the Federal Reserve. Before this important inflation data was released, the market's rapid rise paused. According to 4E monitoring, all three major US stock indices fell on Tuesday. The Dow closed down 0.86%, and both SP 500 index and Nasdaq ended their five-day winning streaks, falling by 0.29% and 0.09% respectively. Among them, "Trump trade" constituent stocks led declines with Tesla closing down by 6.1%, while Trump Media Group dropped nearly 9%.

Cryptocurrency concept stocks were mixed; MicroStrategy (MSTR) closed up by 4.88%, while Coinbase fell by 1.58%. The cryptocurrency market generally experienced a correction; Bitcoin made a slight adjustment after breaking through $90k to reach new highs - at press time it stood at $88,196 USD which is a drop of .61%. Ethereum was reported at $3,270 USD which represents a fall of around 1.66%. In terms of foreign exchange commodities: On Tuesday the dollar index rose to its highest since November in last year pushing Euro to its lowest in one year and Yen to its lowest in three months; Offshore RMB once broke below ¥7 .25 with other currencies also under pressure due largely because of strong performance from Dollar coupled with OPEC lowering global oil demand growth expectations for fourth consecutive month causing oil prices over past two trading days dropping approximately around %5 . Gold price has fallen near two-month low due to rising dollar index.