Global Market Shifts Amid Economic Indicators, Corporate Updates, and Geopolitical Tensions
The global market experienced significant fluctuations driven by a mix of economic indicators, corporate updates, and geopolitical tensions. China's CPI rise indicates a recovery in domestic demand, while U.S. markets rebounded on strong employment data. Meanwhile, geopolitical tensions escalated with Ukraine's largest offensive in Russia’s Kursk region, and Middle Eastern ceasefire talks gained momentum. Key tech companies like Apple and Alibaba are set to release crucial earnings reports.
Investors continue to chase risks, and the US dollar fell last Friday Gold oscillates at high levels, market focus shifts to US CPI data and geopolitical situation
Last Friday (August 9th), the US dollar index fluctuated within a range and briefly approached the 103 level during trading.
Wall Street Advances Ahead of CPI
The equity markets continued their upward momentum, driven by the easing of the Japanese Yen's strength. The Yen was pressured by a dovish tone from Japanese authorities, signalling that the Bank of Japan (BoJ) might keep its monetary policy unchanged amid rising global economic uncertainties.
What's Happening Today?
Market Review | August 12, 2024
Key Economic Indicators Today
Market Review | August 12, 2024
What new signals does the Federal Reserve have? FED Governor Michelle Bowman reiterates the risk of inflation!
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.
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Options Vs CFDs: Understanding the Key Differences
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What is Day trading? How to practice Day trading?
Day trading has become increasingly popular with the advent of online trading platforms and easy access to market data. While the allure of substantial profits draws many to day trading, the risks are equally significant, necessitating a disciplined approach and thorough preparation.
【MACRO Insight】The Eye of the Financial Storm—The Bank of Japan's Interest Rate Decision and Market Panic!
This week, the global financial market experienced intense fluctuations, especially significant fluctuations in the Japanese stock market and exchange rate that attracted widespread attention. Bank of Japan Deputy Governor Shinichi Uchida announced that against the backdrop of instability in the financial and capital markets, it was decided to pause further interest rate increases, eliminating market expectations for further rate hikes within the year. Although the policy changes of the Bank of
Nasdaq Bullish, Encourage by Upbeat U.S. Job Data
The financial markets reacted positively to the upbeat Initial Jobless Claims data released yesterday, which came in at 233k, lower than market expectations. This eased concerns about a weakening labour market and the heightened recession risks that emerged after last Friday's disappointing NFP report. Wall Street benefited from the improved risk appetite, with the Nasdaq leading gains, surging by over 400 points in the last session.
Investment Opportunities Today
Market Review | August 9, 2024
Today' Economic Updates
Market Review | August 9, 2024
Has the Federal Reserve's 50 basis point rate cut in September come to nothing? Gold surged nearly $50 from its intraday low!
The number of initial jobless claims in the United States for the week ending August 3 was 233,000, lower than the expected 240,000, the largest drop in nearly a year, easing market concerns about a recession in the United States. Traders cut their expectations for a 50 basis point rate cut by the Federal Reserve in September, bullish for the U.S. economy and the dollar.
Fed Pressured: Will CPI Data Fuels Calls for Rate Cuts？
The U.S Producer Price Index (PPI) for June showed a month-over-month increase of 0.2%, which was slightly above market expectations of 0.1%. The Reserve Bank of New Zealand (RBNZ) recently kept its Official Cash Rate (OCR) unchanged at 5.50% during its last meeting on July 2024, which was consistent with market expectations. As of June 2024, the U.S. Consumer Price Index (CPI) showed a modest increase of 3.0% year-over-year, weaker than market expectation and previous reading of 3.1% and 3.3%..
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【MACRO Alert】OPEC+ Faces the Test of Oil Price Stability, Seasonal Factors and Supply Considerations Will Determine Future Direction
After abandoning the $100 oil price target, OPEC+ faces the market's test to maintain the bottom line of $75. Although global demand continues to grow, oversupply and seasonal demand decline may lead to price pressure. In addition, the seasonal decline in demand and the planned increase in production may lead to oversupply in the market, threatening the stability of oil prices. At the same time, the U.S. EIA report shows a significant reduction in crude oil inventories, and potential demand grow
Oil Prices Surge on Libya Oil Production Close-down
In the oil market, prices recorded their biggest gain in August following a production halt at Libya’s biggest oil field, which produces nearly 270,000 barrels of oil per day.
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