Insights into Today's Markets
Market Review | July 12, 2024
Global Economic and Market Insights: Key Developments and Trends
Today's news covers significant global economic and market developments. Modi's interaction with Putin before the NATO summit draws attention. China takes measures to support its stock market. Major tech companies like Apple and Samsung ramp up competition. Key economic data from the UK shows growth, and global trade indicators rebound. IPO movements in Hong Kong and aerospace advancements in Europe round out the day's highlights.
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Market risk appetite improved, US dollar fell on Wednesday Gold prices are hindered from rising, the market is waiting for the US CPI index
On Wednesday (July 10th), as Powell did not weaken the market's expectation of interest rate cuts, the US dollar index fell to around the 105 level and ultimately closed down slightly by 0.118% at 105
Europe Analysis: EUR/USD, GBP/USD, EUR/GBP
Global markets anticipate key U.S. inflation data, driving stocks to record highs. The British pound surged to a four-month high on positive GDP data and hawkish BoE comments. The U.S. dollar weakened amid inflation concerns, while Fed officials reiterated the need for tight monetary policy.
Global Market Insights: Top Stories
This week's top stories include significant sales growth for WPG Holdings, BMW's vehicle recall, and Honeywell's $1.8 billion LNG acquisition. Key economic events feature the NFIB Small Business Optimism Index, Core CPI, PPI, and Michigan Consumer Sentiment, all critical for assessing market trends and forex impacts. Stay informed on market movements and economic indicators.
Dollar Soften After Jerome Dovish Testimony
Jerome Powell's two-day testimony before the Senate concluded yesterday, with a dovish tone that bolstered the market's risk-on sentiment and tempered the dollar's strength
Today's Market Movers
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Today's Economic Outlook
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PR Global Presence & Multilingual Support
OnEquity, a leading broker-dealer, announces the expansion of its investor support services with the launch of multilingual support available 24 hours a day, 5 days a week. This initiative underscores OnEquity's dedication to providing a seamless and inclusive experience for investors worldwide.
Japanese Yen Outlook: USD/JPY, EUR/JPY & GBP/JPY
The yen weakens further as Fed Chair Powell's cautious remarks influence market sentiment. USD/JPY remains around 161, with resistance at 162, driven by Powell's comments and upcoming US CPI data. June's lower-than-expected PPI in Japan adds pressure on the yen. The sentiment is bullish for USD/JPY, supported by strong US economic indicators. Key influences include Federal Reserve signals, US economic data, and Japan's PPI. Potential movement for USD/JPY could see it testing 162 resistance.
【MACRO Insight】The Crossroads of the American Economy——Inflation, Employment, and the Fed’s Policy Choices
The dynamics of the U.S. economy and labor market, as well as changes in inflation expectations, have profound implications for Federal Reserve policy decisions. Market participants are closely monitoring upcoming economic data releases and statements from Fed officials to capture signals of policy direction. Against this backdrop, investors need to prepare for potential market fluctuations and closely watch the Fed's next steps. Meanwhile, trends in housing prices, changes in core CPI, and the
Global Market Insights: Key Events and Economic Analysis Part 2
This week's global market analysis covers significant movements and events. Fed Chairman Powell's cautious stance on interest rates impacts the USD. TSMC benefits from Samsung's strike. Geopolitical tensions rise with Putin's diplomacy. PBOC plans bond sales to stabilize CNY. Key economic events include Core CPI, PPI, and Michigan Consumer Sentiment for the USA, and GDP data for the UK. These factors influence currency movements and market sentiment globally.
Global Market Insights: Key Events and Economic Analysis Part 1
This week's major events include Powell's cautious outlook on rate cuts, TSMC's gains amid Samsung's strike, and Putin's diplomatic efforts. In China, the PBOC prepares bond interventions, while Korea's Hahn & Co. raises $3.4 billion. Deflationary pressures persist in China. US and European legal and regulatory changes impact market sentiment. Key data releases are NFIB Small Business Optimism, Core CPI, PPI, and Michigan Consumer Sentiment for the USA.
Dollar Calm on Neutral Powell’s Testimony
The market remained calm as the Fed's chief delivered a neutral statement, the dollar index (DXY) held near the $105 mark, while Wall Street traded sideways.
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XAUUSD GOLD Outlook
Gold prices have fluctuated as investors anticipate Federal Reserve Chairman Jerome Powell's testimony. Prices edged higher but retreated by over 1% due to reduced buying by the People's Bank of China. Key economic events such as Core CPI, CPI, PPI, and Michigan Consumer Sentiment will significantly impact gold. Geopolitical tensions continue to support safe-haven demand, with the overall sentiment remaining cautiously bullish. Potential movement in gold prices depends on upcoming U.S. economic
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