Bitget UEX Daily Report | Fed Maintains Hawkish Stance on Rates; Trump Threatens Iran Leading to Gold and Silver Pullback; Storage Sector Strong with Seagate Up Over 19% (January 29, 2026)

I. Hot News

Fed Dynamics

Fed Maintains Rates Unchanged, Powell's Remarks Lean Hawkish

• The Fed kept the federal funds rate range at 3.5%-3.75%, holding steady for the first time after three consecutive rate cuts, with Governors Milan and Waller dissenting in favor of a 25 basis point cut.
• Powell noted that inflation exceeding expectations is mainly due to tariffs rather than demand influences, with core PCE slightly above 2%, expected to peak this year from tariff effects before retreating.
• Market Impact: Post-decision, the probability of a March rate cut dropped to 11.9%, analysts believe the Fed's focus shifts to inflation, limiting short-term rate cut room, potentially intensifying market volatility and supporting a dollar rebound.

International Commodities

Gold and Silver Pull Back Sharply After Hitting Highs, Gold Once Approached 5600 USD

• Influenced by geopolitical tensions and dollar fluctuations, spot gold and silver continued to hit historical highs before plummeting sharply, with gold's intraday peak nearing 5600 USD and silver approaching 120 USD.
• Trump's threat to Iran heightened safe-haven sentiment, but markets shifted after the Fed's hawkish stance, with gold retreating about 1.64% and silver about 1.12%.
• Market Impact: Short-term volatility amplifies, potentially stimulating more safe-haven inflows, but if the dollar stabilizes and rebounds, it may curb further upside in precious metals.

Macroeconomic Policies

US Treasury Secretary Reiterates Strong Dollar Policy, Denies Intervention in Yen Market

• Brainard emphasized the US's long-term commitment to a strong dollar, no intervention in forex markets to support the yen, and stated that narrowing trade deficits will boost the dollar.
• Also mentioned unclear risks of government shutdown, with Trump urging Democrats to avoid it; USMCA negotiations restart, with the US avoiding proactive disputes.
• Market Impact: This stance alleviates short-term dollar selling pressure, driving a dollar index rebound, but geopolitical uncertainties and Fed independence probes may continue to disrupt exchange rate stability.

II. Market Review

Commodities & Forex Performance

• Spot Gold: Up 1.94% + Callback after consecutive highs over multiple days.
• Spot Silver: Up 1.16% + Intensified volatility at highs.
• WTI Crude: Up 0.65% + Driven by dollar weakness and inventory drawdowns.
• Dollar Index: Down about 0.18% + Dominated by Fed hawkishness and tariff concerns.

Cryptocurrency Performance

• BTC: Down about 0.4%, ≈ 89,000 USD + Short-term market volatility weak, price consolidating at highs, pressured near the 90k round level.
• ETH: Slight drop about 0.5%, ≈ 3,005 USD + Slightly stronger resilience than BTC, but pressure near 3,000 round level, short-term fluctuations influenced by capital flows and leverage.
• Cryptocurrency Total Market Cap: Down 2.4% + Driven by Fed decisions and regulatory uncertainties.
• Market Liquidation Situation: Long liquidations 306M / Short liquidations 319M + Total liquidation amount 625M USD.

US Stock Index Performance

• Dow Jones: Up 0.02% + Continued stable oscillation.
• S&P 500: Down 0.01% + Intraday once broke through 7000 mark.
• Nasdaq: Up 0.17% + Strongly pulled by semiconductor sector.

Tech Giants Dynamics

• Apple: Down 0.7%, influenced by overall market fluctuations, lacking new product catalysts.
• Amazon: Down 0.68%, strong e-commerce demand but dragged by rising logistics costs.
• Meta: Down 0.63%, but post-market earnings exceeded expectations, strong ad business.
• Microsoft: Post-market down over 6%, cloud business growth slowdown and high AI spending raise concerns.
• Nvidia: Up 1.59%, sustained AI chip demand, benefiting from semiconductor rally.
• Tesla: Up 0.13%, first annual revenue decline but Robotaxi expansion boosts confidence.
• Alphabet (Google): Slight up 0.44%, stable search business, accelerated AI integration. Overall, tech giants showed mixed performance, mainly influenced by earnings season, with cloud and AI spending as core differentiating factors.

Sector Movements Observation

Storage Concept Stocks Up about 8%+

• Representative Stocks: Seagate Technology, up over 19%; Western Digital, up over 10%.
• Driving Factors: AI demand propels memory market prosperity, Samsung's chip profits surge drives overall sector strength.

Semiconductor Index Up 1.73%+

• Representative Stocks: Intel, up over 11%; Texas Instruments, up over 9%.
• Driving Factors: Philadelphia Semiconductor Index hits historical high, boosted by Nvidia collaboration and internal buying.

III. In-Depth Stock Analysis

1. Tesla - Annual Revenue Declines for First Time but Robotics Business Advances

Event Overview: Tesla's fourth-quarter revenue at 249 billion USD, EPS 50 cents, better than expected, but full-year revenue down 3% YoY, first annual decline in history. Company plans to expand Robotaxi to seven US markets and launch third-gen Optimus robot; signed agreement on January 16 to invest 2 billion USD in acquiring xAI preferred shares. Prior Robotaxi and robotics business developed steadily, background from intensified EV market competition and supply chain optimization.

Market Interpretation: Institutional views diverge, Goldman Sachs sees Robotaxi expansion driving long-term growth, but Morgan Stanley worries annual revenue drop reflects weak demand, need to monitor AI integration effects.

Investment Insights: Short-term volatility may increase, but robotics potential serves as long-term entry point, monitor Robotaxi rollout progress.

2. Microsoft - Cloud Growth Slows with High AI Spending

Event Overview: Microsoft's FY2026 Q2 revenue and profit exceeded expectations, cloud business broke 500 billion USD for first time, but Azure revenue growth slightly declined, record capex raises AI return concerns, post-market stock down over 6%. Background of surging AI investments but uncertain return cycles, overlaid with intense overall cloud market competition.

Market Interpretation: Analysts like Wedbush view high AI spending as strategically necessary for long-term benefits; Barclays warns slowdown may signal growth bottlenecks, need to monitor competitive landscape.

Investment Insights: Short-term pressure, but effective AI layout could revive valuation, suggest observing next quarter's return rates.

3. Meta - Revenue Guidance Exceeds Expectations with Strong Ad Business

Event Overview: Fourth-quarter EPS 8.88 USD, revenue 598.9 billion USD, both exceeded expectations; ad revenue 581 billion USD, accounting for 97% of total. Daily active users 3.58 billion, Q1 sales guidance 535-565 billion USD, above estimates. Background of digital ad recovery and metaverse investment optimization.

Market Interpretation: UBS sees it as beneficiary of ad recovery, bright guidance boosts confidence; Citigroup emphasizes stable user growth but warns of regulatory risks.

Investment Insights: Ad-dominated model solid, strong short-term upside momentum, monitor privacy regulation impacts.

4. Intel - CFO Buyback and Nvidia Collaboration Boost

Event Overview: CFO Zinsner bought nearly 250,000 USD in stock at 42.5 USD, first internal purchase since 2024; supply chain reveals Nvidia's 2028 Feynman platform will partially use Intel 18A/14A processes, packaging share up to 25%. Background of chip foundry competition and AI demand expansion.

Market Interpretation: JPMorgan sees collaboration enhancing competitiveness, internal buying signals positivity; BofA warns process challenges remain, need to verify execution.

Investment Insights: Collaboration may open new growth doors, short-term focus on tech rollout.

5. IBM - Strong Fourth-Quarter Revenue Growth

Event Overview: Revenue 196.9 billion USD up 12% YoY, software income up 14%, consulting up 3.4%; operating EPS 4.52 USD, free cash flow up 23%. Background of recovering cloud and AI service demand, post-market up over 7%.

Market Interpretation: Goldman Sachs bullish on software expansion, strong cash flow supports buybacks; Deutsche Bank notes moderate consulting growth, need to observe enterprise spending trends.

Investment Insights: Cash flow improvement favors dividends, suggest medium-to-long-term holding.

IV. Cryptocurrency Project Dynamics

1. Tether secretly buys 1-2 tons of gold weekly, reserves reach 140 tons.

2. Fidelity to launch USD-pegged stablecoin FIDD on Ethereum.

3. Citrea mainnet launches, supporting Bitcoin-pegged lending and trading.

4. White House convenes banks and crypto firms to discuss legislative compromise paths.

5. US SEC issues statement on tokenized securities, clarifying classification and legal applicability.

V. Today's Market Calendar

Data Release Schedule

Key Events Preview

• ECB Executive Board Member Schnabel Speech: 09:00 - Focus on Eurozone monetary policy signals.
• US 2-Year Floating Rate Note Auction: 00:30 - Monitor bond market liquidity.

Bitget Research Institute Views:

US stock indices maintained high-level oscillations after the Fed's hawkish hold, with Dow and Nasdaq slightly up benefiting from semiconductors, but S&P pullback after touching 7000 reflects profit-taking pressure. Goldman Sachs notes gold and silver supported in pullbacks, dollar weakness and geopolitical risks drive gold up over 1.6%, silver follows 1.1%, but heightened Fed inflation concerns may cap gains. JPMorgan analyzes WTI crude rebound 0.65%, inventory draw and dollar decline boost, but global demand uncertainties limit upside. Forex dollar index down 0.5%, Brainard's strong dollar stance temporarily halts selling, but overall weakness aids commodity rebounds. Overall, short-term safe-haven sentiment dominates, suggest monitoring Fed follow-up guidance on asset rotation impacts.

Disclaimer: The above content is compiled by AI search, with human verification for publication only, not as any investment advice.