The Dallas Federal Reserve's Business Activity Index and Manufacturing Output Index for April, both released on Monday evening, fell short of expectations, sparking concerns about a slowdown in the US economy. The US dollar index fell as low as 101.33, closing 0.33% lower at 101.35.
Fed approves 0.25% hike, softening rate increases again. The Fed has raised interest rates to cut prices but the move risks a recession.
The recent surge of bullish momentum in the cryptocurrency market could potentially be attributed to the end of central banks' tightening measures and the perceived resilience of the US economy. Reviving hopes for a strengthened market sentiment from a single view.
Investors and depositors are continuing to yank money out of low yielding banks and into higher yielding institutions or investment vehicles.
The AUDCAD price has been following a bearish trajectory within a downward sloping channel for some time.
WCG Markets-2023-04-25
Leading financial firm, CM Globals, has announced its latest corporate initiative to work together with a firm that promotes sustainable development of agriculture and farming.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
CM Globals, a leading financial services firm, announced recently that it has raised its targets for the upcoming quarter.
In the early morning trading of the Asian market on April 24th Beijing time, the US dollar index slightly rose and is currently trading at around 101.72. The US dollar showed little change against major currencies last Friday as business activity data showed that the world's largest economy still has resilience, supporting the Federal Reserve's expectation of another 25 basis points rate hike at next month's policy meeting.
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Last Friday, the April U.S. manufacturing Markit PMI unexpectedly returned above 50 points above the divide between prosperity and decline, and services PMI are not falling but rising, respectively, which was a six-month and one-year high; comprehensive PMI stronger than expected, hitting a new high since May last year. Boosted by this strong data, the dollar index, which was once near a 1-year low during the day, jumped and returned to above the 102 mark. Although it then retreated and closed d
Ramadan is a time of reflection, dedication and generosity. For STARTRADER, a company that values social responsibility and community engagement, this month presents an opportunity to make a difference in the lives of disadvantaged children at Assaidah Orphanage, Bogor, Indonesia - West Java. On Tuesday, April 11, 2023, from 6pm to 8pm (GMT+7 time), STARTRADER organized a special event to celebrate Ramadan and show love to children.
On April 22, 2023, the third AIM TO REACH seminar hosted by STARTRADER was grandly held at Prajaktra Design Hotel in Udon Thani Province, Thailand. The event attracted many investors and financial industry experts to discuss techniques for finding price disruption points. As an innovative company focusing on financial services, STARTRADER aims to provide high-quality financial services. This seminar aims to further expand customer resources, share industry experience, and bring rich professional
Spot gold was shaky and weaker during the Asian session on Friday (April 21) and is currently trading at $1995.64 per ounce. Gave back most of the overnight gains as more Fed officials reiterated their views on further rate hikes ahead of a quiet period, causing market expectations of a Fed rate cut within the year to fade, providing support to the dollar. This caused the positive impact of the less-than-expected initial claims data to fade, and gold prices are expected to remain at risk of shak
On Thursday, spot gold oscillated higher, once above the $2010 mark, then fell, but stabilized above the round number mark, finally closing up 0.58% at $2004.81 per ounce. Spot silver oscillated in the range and finally closed up 0.1% at $25.28 per ounce.
At the conclusion of the highly anticipated Demo Trading World Cup event hosted by WikiFX, we had the pleasure of sitting down with T4Trade, one of the event sponsors, to discuss their experience and insights.
On Thursday (April 20), spot gold shock slightly down during the Asian session and is currently trading near $1992.25 per ounce. A number of Fed officials have signaled further interest rate hikes this week, with Fed "number three" and New York Fed President Williams highlighting signals for further rate hikes on Thursday morning. Market expectations for the Fed to reduce interest rates during the year has cooled and continue to provide support to the dollar U.S. bond yields, which put pressure
On Wednesday, spot gold V-shaped reversal, the deepest intra-day touch of $1969.26 per ounce, down more than $50 from the daily high; then it quickly pulled up to recover some of the losses, but stopped below the 2000 mark, and finally closed down 0.51% at $1994.76 per ounce. Spot silver once fell more than 2%, bottoming out more strongly than gold, and finally reversed the decline, closing up 0.32% at $25.29 per ounce.