Wednesday's new economic data showed a cooling of the US economy, strengthening expectations that the Federal Reserve will suspend interest rate hikes in September.
Wednesday's new economic data showed a cooling of the US economy, strengthening expectations that the Federal Reserve will suspend interest rate hikes in September.
WCG Markets:2023-08-31
WCG Markets:2023-08-31
Crude Prices Flat as Possible Rate Hikes Fuel Demand Worries
On Monday crude oil prices were flat, pressured by concerns that more U.S. interest rate increases may dent demand.
08/30 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The US dollar is accelerating its decline, non-US currencies and precious metals continue to strengthen, and US crude oil is breaking the upper limit!
On Wednesday (August 30), spot gold fluctuated in a narrow range during the Asian session, and is currently trading at $1936.12 per ounce. The performance of US job openings data released overnight was weaker than market expectations.
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MHMarkets：August 30, 2023 - Fundamental Reminder
A series of economic data about the United States announced on Tuesday night are not as good as expected. The dollar index took a dive, closing down 0.45 % at 103.48, as bets increased that the Fed would pause in September and that the odds of a resumption in November would decline.
Week Ahead: US data could alter Fed rate hike odds
Traders are expected to keep analyzing Fed Chair Powell's major speech from last Friday at the Jackson Hole central bank assembly as the week begins.
Outcomes of Jackson Hole & BRICS Great for Aussie Gold
The eagerly awaited global central bank meeting at Jackson Hole concluded without any major revelations. The US Federal Reserve maintained a cautious 'higher for longer' narrative, albeit less aggressive than the previous year.
US employment data for July did not meet expectations The US dollar and US bond yields fell sharply on Tuesday, helping gold prices soar by over $15
US employment data for July did not meet expectations The US dollar and US bond yields fell sharply on Tuesday, helping gold prices soar by over $15
Asian Stock Markets Rise as China Equities Drive Regional Gains
Despite possible challenges arising from the assertive position of US Federal Reserve (Fed) Chairman Jerome Powell at the Jackson Hole Symposium.
U.S. Stocks Rally for a Third Session, Bitcoin Gets Boost from Ruling
Strong Gains in S&P 500, Nasdaq 100, and Dow Jones; Weaker Economic Data Impact Fed Rate Hike Expectations
WCG Markets:2023-08-30
WCG Markets:2023-08-30
08/29 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Delisted Products in September
Please note that the products mentioned in the table below are EXPECTED to be delisted on Friday, 8th September, 2023.
MHMarkets：The U.S. dollar continues to weaken slightly, non-U.S. currencies and precious metals slightly strengthen, and U.S. crude oil has a daily cross!
On Tuesday (August 29), spot gold rose slightly during the Asian session and is currently trading near $1924.11 per ounce. Although the market has raised expectations for the Fed to raise interest rates in November, it is still widely expected that current interest rates will remain unchanged in September.
AUS GLOBAL will participate in Forex Expo Dubai 2023
We are pleased to announce that AUS GLOBAL will participate in Forex Expo Dubai 2023, a highly respected event in the Forex industry! The expo will be held in Dubai on September 26-27, 2023. Attendees can find our team at Booth #102, where we will be showcasing its comprehensive range of financial products and solutions to all visitors.
AUS GLOBAL will participate in Forex Expo Dubai 2023
We are pleased to announce that AUS GLOBAL will participate in Forex Expo Dubai 2023, a highly respected event in the Forex industry! The expo will be held in Dubai on September 26-27, 2023. Attendees can find our team at Booth #102, where we will be showcasing its comprehensive range of financial products and solutions to all visitors.
MHMarkets：August 29, 2023 - Fundamental Reminder
Markets continued to digest last week's Powell speech on Monday, with bets on a 51% chance of a 25 points rate increase in November, up from 33% a week earlier. In addition, we can await a series of blockbuster data this week. Besides, ADP data and non-farm data are expected to decline from the previous value. The dollar index was last down 0.15% at 104.02.
The US dollar hit a nine month high against the Japanese yen on Monday and fell against a basket of currencies Gold prices rose as US bond yields fell, the market is focusing on US economic data
The US dollar hit a nine month high against the Japanese yen on Monday and fell against a basket of currencies Gold prices rose as US bond yields fell, the market is focusing on US economic data
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