Following Federal Reserve Chairman Powell's hint at a possible rate cut in September, the yen to US dollar exchange rate briefly surged to a level of 143 yen per US dollar. However, this market enthus
Oil prices rebound as Libya set to shutdown its key oil field.Dollar rebound ahead of Friday's NFP and led the gold to decline.Wall Street Growing optimistic and Nasdaq is poised to rebound.Market Sum
Market OverviewChina and Russia fight for influence and power over Africa against the U.S., with all three promising to offer economic assistance. They come into the country with promises of aid, all
Product: XAU/USDPrediction: IncreaseFundamental Analysis:In the early Asian session, spot gold continued to fall and is now around $2,496 per ounce. Today, investors are focused on the first major dat
今天上午公布的中国财新制造业采购经理人指数(PMI)从上个月的49.8略微意外地升至50.4,但市场似乎在关注官方PMI。德国商业银行外汇策略师沃尔克马尔-鲍尔(Volkmar Baur)指出,周六公布的官方采购经理人指数显示经济势头进一步下滑。中国通货紧缩的风险依然存在官方采购经理人指数的下滑也具有广泛性。在制造业,生产和新订单均出现下滑。此外,劳动力市场和价格发展两个分项都显示出持续疲软。价格
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Last Friday, the PCE reading fueled the upward momentum for the dollar.Eye on Wednesday BoC’s interest rate decision with the expectation of a 25 bps rate cut.Oil slid on Poor Chinese PMI readings.Mar
Multi-asset Forexand CFDbroker, FP Markets, further cemented its position as one of the industry’s global leaders, claiming two prestigious awards at the Finance Magnates Pacific Summit (fmps:24). The
Market OverviewMajor escalations leading to heightened uncertainty for the current world system–led by the Israel-Iran conflict, the Red Sea is now being blocked off actively by the Houthis, firing on
Market OverviewMajor escalations leading to heightened uncertainty for the current world system–led by the Israel-Iran conflict, the Red Sea is now being blocked off actively by the Houthis, firing on
Product: XAU/USDPrediction: IncreaseFundamental Analysis:Although gold still has a lot of potential to rise, some caution is entering the market. Investors are waiting to see how the health of the U.S
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The Japanese Yen (JPY) strengthened against the US Dollar (USD) on Thursday, boosted by stronger-than-expected Q2 GDP growth in Japan, raising hopes for a BoJ rate hike. Despite this, the USD/JPY pair found support from higher US Treasury yields, though gains may be capped by expectations of a Fed rate cut in September.
In the context of globalization, international cooperation has become particularly important. Countries need to work together to address global challenges through coordinated policies and strengthened economic cooperation. This not only helps stabilize the global economy but also provides opportunities for common development among countries. Finally, with the development of the economy and the advancement of technology, new investment opportunities are emerging continuously. Investors need to ma
The U.S. GDP released yesterday surpassed market expectations, which has tempered some speculation about a Fed rate cut and spurs dollar's strength.
On Thursday (August 29th), the US dollar index continued its upward trend yesterday, closing up 0.34% at 101.38 due to higher than expected quarter on quarter GDP growth and a decrease in initial jobless claims.
Market Review | August 30, 2024