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What new signals does the Federal Reserve have? FED Governor Michelle Bowman reiterates the risk of inflation!

TOPONE Markets | 2024-08-12 10:47

Abstract:Fed Governor Bowman: There are upside risks to inflation, the labor market continues to strengthen, and a cautious attitude will be maintained at the September meeting. Boston Fed President Collins: If the data is as expected, it would be appropriate to start easing policy "soon". Inflationary pressure will slow down the pace of U.S. interest rate cuts, which will be bullish for the dollar.

Hot spot tracking

  • Fed Governor Bowman: There are upside risks to inflation, the labor market continues to strengthen, and a cautious attitude will be maintained at the September meeting. Boston Fed President Collins: If the data is as expected, it would be appropriate to start easing policy “soon”. Inflationary pressure will slow down the pace of U.S. interest rate cuts, which will be bullish for the dollar.

  • The Nasdaq Stock Exchange is taking steps to remove suspicious companies with share prices below $1 per share, according to a document released on its official website last Thursday. The move is bullish for the Nasdaq and small-cap stocks.

Product Hot Comment

  • Forex

    ProductYesterday's ChangeYesterday's CloseToday's Open
    EUR/USD▲0.02%1.091821.0918
    GBP/USD▲0.10%1.275961.27569
    AUD/USD▼-0.24%0.657820.65769
    USD/JPY▼-0.40%146.642146.765
    GBP/CAD▲0.10%1.751861.75123
    NZD/CAD▼-0.21%0.823780.82346

    📝 Review:Last Friday, the US dollar index fluctuated in a range, approaching the 103 mark during the session. It eventually rose slightly by 0.055% to 103.16, still near a one-week high. US Treasury yields rose and fell. The benchmark 10-year US Treasury yield ended a three-day rise and closed at 3.946%; the two-year US Treasury yield, which is more sensitive to monetary policy, rose slightly to 4.063%.

    🕵️ Operation suggestion:

    USD/JPY 146.903  Sell  Target Price  145.616


  • Gold

    ProductYesterday's ChangeYesterday's CloseToday's Open
    Gold▲0.08%2429.052428.83
    Silver▼-0.52%27.38327.411

    📝 Review:Spot gold rose for the second consecutive trading day, reaching a high of $2,436.99 per ounce, and finally closed up 0.16% at $2,431.14 per ounce. Spot silver finally closed down 0.3% at $27.46 per ounce.

    🕵️ Operation suggestion:

    Gold 2427.94  Sell  Target Price  2403.94


  • Crude Oil

    ProductYesterday's ChangeYesterday's CloseToday's Open
    WTI Crude Oil▲0.98%75.91575.88
    Brent Crude Oil▲0.78%79.35779.131

    📝 Review:International crude oil recorded three consecutive gains on the daily chart, as concerns about the US economic recession eased and the geopolitical situation in the Middle East continued. WTI crude oil finally closed up 1.28% at $77 per barrel, while Brent crude oil finally closed up 0.99% at $79.7 per barrel.

    🕵️ Operation suggestion:

    WTI Crude Oil 75.759  Buy  Target Price  76.684


  • Indice

    ProductYesterday's ChangeYesterday's CloseToday's Open
    Nasdaq 100▲0.29%18507.418499.75
    Dow Jones▲0.03%39487.439509.8
    S&P 500▲0.35%5343.655342.65

    ▼0.00%17559.317559.3
    US Dollar Index▼-0.14%102.91102.93

    📝 Review:The three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 0.13%, the S&P 500 up 0.47%, and the Nasdaq up 0.51%. The weight loss drug sector led the gains, with Eli Lilly (LLY.N) up 5.5% and Novo Nordisk (NVO.N) up more than 4%. Apple (AAPL.O) rose 1.37%.

    🕵️ Operation suggestion:

    Nasdaq 100 18504.250  Buy  Target Price  18741.875


  • Crypto

    ProductYesterday's ChangeYesterday's CloseToday's Open
    BitCoin▼-3.90%58560.259024.8
    Ethereum▼-1.98%2553.92580.1
    Dogecoin▼-3.60%0.10130.1016

    📝 Review:From the overall market trend, Bitcoin is currently showing a trend of bullish forces taking advantage. As of the latest trading session, the price of Bitcoin is below $61,000, and signs of rebound have begun to appear on the daily level. The market is currently only showing a unilateral upward trend, and there is no sign of a correction. In this context, the risk of shorting Bitcoin in the short term is relatively high.

    🕵️ Operation suggestion:

    BitCoin 58603.4  Sell  Target Price  57072.5

FED

Related broker

No Regulation
TOPONE Markets
Company name:TOP 1 MARKETS PTY LTD
Score
2.24
Website:http://www.top1markets.com
5-10 years | Suspicious Regulatory License | MT5 Full License | High potential risk
Score
2.24

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FED meeting minutes strongly hint at a rate cut in September; US dollar index falls to new low this year!

The U.S. Bureau of Labor Statistics revised down the employment growth in the year ending in March by 818,000, an average monthly decrease of about 68,000, the largest downward revision since 2009. The substantial downward revision of employment data re-emphasized the severity and necessity of the U.S. employment problem, paving the way for a rate hike in September. Bearish for the U.S. dollar.

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This week, the Italy financial regulator CONSOB issued a warning against an unlicensed broker named Broker Capitals. When we clicked on Broker Capitals' website, its logo, trade name, and design seemed familiar to us.

Original 2022-08-08 18:06

Berkshire CEO-designate Abel sells stake in energy company he led for $870 million

Berkshire Hathaway Inc said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million.

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