US economic data better than expected The US dollar rose on Thursday, while gold plummeted by nearly 90 dollars
On Thursday (May 23), the US dollar index continued to rebound to a new high for the week, breaking through the 105 mark and rising 0.17% on the same day, ultimately closing at 105.11.
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Dollar Gain on Hawkish Fed Prospect
U.S. PMI readings beating market expectations fuels dollar upward momentum.
Economic News Today
Market Review | May 24, 2024
【MACRO Alert】Russia's oil production exceeds quota! Plans to submit compensatory production cut plan to OPEC!
The Russian Energy Ministry has stated that Russia's crude oil production in April exceeded the designated quota and they will submit a compensatory production cut plan to OPEC.
Easy Trading Online Awarded “Best Forex Broker - Asia” at Wiki Finance EXPO 2024 Hong Kong
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AUS Global Honored with “Best Forex Broker IB Program” Award at Smart Vision Forex Traders Summit Dubai 2024
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Today's Economic Highlight
Market Review | May 23, 2024
【MACRO Insight】Market sending new signals again? What's behind the simultaneous rise of gold, silver, and copper?
Rising metal prices take center stage as gold, silver, and copper hit new highs. Traders need to reassess rising inflation and global economic impacts. Increased global macroeconomic activity and metal demand are driving the price surge. With inflation remaining strong and rate-cut expectations delayed, investors are turning to precious metals. Global central banks' significant demand for gold, solar panels' demand for silver, and renewable energy and electric vehicles' demand for copper are all
Today's Financial Updates
Market Review | May 22, 2024
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Market Digested the Federal Reserve Officials' Statement The US dollar rebounded from its low position, gold hit a new high and fell back to consoildate
On Monday (May 20th), the US dollar index fluctuated and rose, ultimately closing 0.122% higher at 104.62. The yield on US Treasury bonds remained strongOn Monday (May 20th), the US dollar index fluctuated and rose, ultimately closing 0.122% higher at 104.62. The yield on US Treasury bonds remained strong
Dollar Rebound on Fed's Hawkish Tone
In yesterday's market, the U.S. equity market took a breather after all three major indexes had risen more than 5% in May. All eyes are now on Nvidia’s earnings report due on Wednesday, which has the potential to spur the equity market further. In Asia, the Chinese stock markets also saw a retracement, with fresh data indicating that the property sector in China remains a significant concern.
Today's Economic News
Market Review | May 21, 2024
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【MACRO Alert】Loosening Monetary Policy！Coordination and Gamesmanship between the Fed and Global Central Banks!
The Federal Reserve and other federal regulatory agencies plan to relax capital requirements for large banks, easing the capital burden on the banking industry, which is beneficial for enhancing lending capacity and financial market liquidity, supporting economic activities. However, there is still uncertainty in the market regarding the policy direction of the Federal Reserve, especially with the possibility of rate hikes not ruled out, as indicated by Bauman. While major central banks around
Gold Prices Back to All-time High Territory
geopolitical issues in Eastern Europe and the Middle East have intensified, driving safe-haven gold prices to all-time high levels.
The rise of the US dollar is hindered and fell back. Iranian President crashed Israel's fierce attack on Gaza, market continues to be bullish on the future of gold
Last Friday (May 17th), the US dollar index rose first and then fell. The US stock market wiped out all the gains of the day in late trading and ultimately closed down 0.012% at 104.49.
Today's Economic Highlight
Market review | May 20, 2024
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