The recent occurrences on Wall Street have sparked significant concerns among investors. On the eventful Thursday, the market underwent an intense rollercoaster ride as investors promptly divested their stocks.
WCG Markets:2023-09-25
The Federal Reserve has expressed its stance that the war on inflation is far from over, signaling that the US central bank's monetary policy is expected to stay restrictive for a longer duration than previously anticipated. Such a policy has the capacity to elevate credit expenses, potentially exerting a slowdown on the economy.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
USD/JPY Continues to Reach 10-Month Highs.
Last Thursday, the GBP/USD initiated a downward course, seemingly heading back toward the 200-day Simple Moving Average (SMA) at 1.2420. This movement is attributed to the unyielding strength of the USD and falling British yields.
In an unstable market environment, the Nasdaq index experienced a severe devaluation, highlighting the correlation between the Federal Reserve's interest rate policies and escalating oil prices.
On Thursday (September 21), the Fed indicated on Wednesday that it could raise interest rates one more time later this year, which pushed the dollar and U.S. bond yields higher, and its impact is already being felt in global markets.
On Thursday, the dollar index retreated slightly but was still near a six-month high of 105.74 before giving up all its gains and turning negative to end down 0.06% at 105.38.
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The Bank of England (BoE) will announce its Interest Rate Decision on Thursday, September 21 at 11:00 GMT (18:00 IWST) and as the release time approaches, here are the forecast expectations of economists and researchers from 10 major banks.
The AUDNZD exhibits a predominantly sideways trend with a hint of bullishness.
According to new data compiled by K33 Research, Binance's Bitcoin trading volume has plummeted this month. Since the beginning of September, the platform's 7-day average spot trading volume for Bitcoin has decreased by 57%, according to a new report.
The US dollar index lost its upward momentum and slightly declined
Yesterday, the Federal Reserve sparked bullish momentum for the dollar, driving the USD/JPY pair to reach a fresh 10-month peak at 148.47.
Gold extended its decline for the third straight time on Thursday, weighed down by a jump in the US Dollar and US bond yields after the Federal Reserve reiterated its hawkish stance on interest rates. Gold fell 0.5% to hit a low of 1,913.91.
WCG Markets:2023-09-22
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The dollar index fell and then rose on Wednesday, falling below 105 and hitting an intraday low of 104.66, before recovering all its losses and turning positive to end up 0.11% at 105.32. In U.S. Treasury yields, the two-year yield stood at 5.1% to close at 5.171%. The yield on the 10-year Treasury note rose to a session high of 4.411% before closing at 4.399%.
On Wednesday (September 20), the US stock market opened higher and moved lower, and US bond yields rose with the US dollar.