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KVB Market Analysis | 30 August: JPY Strengthens Against USD Amid Strong Q2 GDP and BoJ Rate Hike Speculation
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.
【MACRO Insight】The Surge Behind the Renminbi Exchange Rate — China's Central Bank Operations and Global Economic Factors Amid US Interest Rate Cuts
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
Upbeat U.S. GDP Spurs Dollar Strength
The U.S. GDP released yesterday surpassed market expectations, which has tempered some speculation about a Fed rate cut and spurs dollar's strength.
US data improves, US index rebounds But gold is still hovering high
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.
Economic Indicators to Watch
Market Review | August 30, 2024
Fed Rate Cut Calls, Would NFP Tilt The Odds?
The latest data for the U.S. ISM Manufacturing PMI, released on August 1, 2024, shows a decline to 46.8, down from 48.5 in June. This marks the sixth consecutive month of contraction (a reading below 50) and remains well below the historical average of 52.88. On July, the Bank of Canada (BoC) announced a 25-basis-point cut in its benchmark interest rate, reducing it to 4.5%. This was the second consecutive rate cut, following a similar move in June. The latest ADP Nonfarm Employment Change for..
US data slightly lower than expected, gold staged a"Deep v" rebound!
Spot gold plunged to 2,504 after strong US economic data, but ended up 0.68 per cent after a “Deep v” rally as Powell hinted at the possibility that the Fed would cut interest rates in September, at $2,521.00 an ounce. Spot Silver ended up 1.15 per cent at $29.44.
Join GTCFX at JFEX 2024: Navigating the Future of Financial Markets
GTCFX at JFEX 2024: Navigating the Future of Financial Markets
【MACRO Alert】Future Challenges and Opportunities, and New Trends in China's Oil Imports
As the global economy gradually recovers from the COVID-19 pandemic, the oil market needs to adapt to new energy demand patterns and the constantly changing international trade environment. Investors and analysts must closely monitor supply and demand changes, policy adjustments, technological progress, and environmental regulations to accurately grasp market trends. Looking forward, the global oil market will continue to evolve under the influence of various factors. Market participants should
The US dollar recorded its largest daily increase since June High gold prices show signs of fatigue
On Wednesday (August 28th), due to month end buying and technical trading, the US dollar index recorded its largest increase since June 3rd
Eye on Today’s U.S. GDP
Nvidia's highly anticipated earnings report was released yesterday, but despite the numbers beating market consensus, the performance lacked a "wow" factor for investors. As a result, the market seemed to have already priced in the earnings, leading to a decline in all three major indexes on Wall Street. Despite yesterday's technical correction, Nvidia's strong earnings suggest that the tech industry remains robust, with ongoing demand for Nvidia's chips potentially driving future gains
KVB Market Analysis | 29 August: Gold Price Recovers as Market Eyes US Rate Cuts and Geopolitical Tensions
Gold prices (XAU/USD) rebounded on Thursday after dipping below $2,500 per ounce. Expectations of US interest rate cuts and ongoing political and geopolitical tensions are boosting demand for gold, as lower rates reduce the opportunity cost of holding the non-yielding metal.
Gold insurance defends 2500 barrier, Nvidia after the market fell 8% !
Nvidia's revenue guidance was a mixed bag, dropping as much as 8% in after-hours trading. The company said on Wednesday that third-quarter revenue would be about $32.5 billion. It is working to address production hurdles for the much-anticipated next-generation Blackwell chip. It is working to address production hurdles for the much-anticipated next-generation Blackwell chip. Lower revenue led to investors continue to be bearish, Bearish Nvidia.
Economic Highlights Today
Marker Review | August 29, 2024
Insights into Today's Markets
Market Review | August 29, 2024
Seminar on "What Should We Invest in college age?" by Coach Max and Coach Pokpak, held at Maejo University on Saturday, August 24, 2024
On August 24, 2024, STARTRADER, in collaboration with Coach Max, the founder of Fiducenterz Investment Learning Institute, and Coach Pokpak Thanakrit, organized an academic seminar at Maejo University.
Global Market Volatility as Fed Rate Cuts Loom, Middle East Tensions, and Corporate Shakeups
Federal Reserve Chair Powell confirms upcoming rate cuts, driving global market volatility and heightened investor focus on key earnings reports. Asian stocks drop as Nvidia's earnings loom, while Middle East tensions rise with Israel-Hezbollah skirmishes. Corporate sectors face challenges, from PDD Holdings' sharp stock drop to HSBC's planned management overhaul. Tech and energy markets remain in flux.
FXGT Sponsors Rescue Dog Betty
FXGT is excited to announce a new partnership with Rescue P.A.W.S. in Thailand, marking a special celebration for International Dog Day. In a heartwarming move, FXGT has officially sponsored a dog named Betty, who is now a proud member of the FXGT family!
FXGT Grabs Spotlight as Official Partner for Major B2B Event: iFX Expo Asia 2024
FXGT, an award-winning and globally recognized online CFD broker, announces its participation as a sponsor and Official Global Partner in iFX Expo Asia 2024, taking place in Bangkok, Thailand, from the 16th to 18th of September
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