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
【MACRO Insight】Safe-Haven Choices in the Financial Market - The Performance of Gold and Digital Currencies
In the current complex international situation and financial environment, gold and cryptocurrencies, as investment tools, each show unique characteristics and challenges. Gold continues to be favored as a safe-haven asset due to its historical value and stability, while cryptocurrencies are looking for their place in the financial system amidst volatility and regulatory uncertainty. As technology advances and the regulatory environment evolves, gold and cryptocurrencies may appear in new forms a
The US dollar is hovering at a one-year low Gold continues to rise, with the possibility of breaking historical highs again
On Tuesday (August 27th), driven by the prospect of an upcoming US interest rate cut
Eye on Today’s Nvidia Earning Report
As the market searches for direction, most asset classes remained relatively flat in the last session, with investors waiting for a catalyst to drive momentum. On Wall Street, attention turns to Nvidia's earnings report, due later today. Expectations are high for strong earnings performance, which could potentially lift major indexes if results exceed forecasts.
Current Economic News
Market Review | August 28, 2024
Today’s Market Analysis
Market Review | August 28, 2024
KVB Market Analysis | 28 August: Yen Strengthens on BoJ Rate Hike Hints; USD/JPY Faces Uncertainty
The Japanese Yen rose 0.7% against the US Dollar after BoJ Governor Kazuo Ueda hinted at potential rate hikes. This coincided with a recovery in Asian markets, aided by stronger Chinese stocks. With the July FOMC minutes already pointing to a September rate cut, the US Dollar might edge higher into the weekend.
Today's foreign exchange market
Gold prices advanced firmly during the North American session on Tuesday amid a risk-on environment and steady US Treasury yields. Investors ignored better-than-expected economic data from the United States (US), failing to underpin the already battered Greenback. The XAU/USD trades at $2,524 and gains over 0.20%.
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US dollar index fell to the lowest point in more than a year, spot gold continued to gain three consecutive positive!
Board members overseeing the Chicago and New York fed voted in July to cut the discount rate by 25 basis points, according to minutes of the Fed's discount rate meeting. In last month's vote, 10 of the 12 regional fed's wanted to keep the discount rate at 5.5% , while the Chicago and New York Fed wanted to cut it to 5.25% . As the timing of the rate cut approaches, the dollar index is likely to fall further.
【MACRO Alert】The Delicate Dance of Economic Policy: The Fed and the Bank of Japan in an Era of Uncertainty
The Fed faces multiple challenges in the current economic environment, needing to find a delicate balance between maintaining job market stability and controlling inflation. As economic data continues to change, Fed policymakers must adjust their strategies flexibly to deal with various possible economic situations. The Fed's decisions will have a profound impact on the U.S. and global economies. At the same time, the Bank of Japan also faces complex decisions on whether to continue raising inte
The US dollar has rebounded from a low level Gold is approaching a new historical milestone
On Monday (August 26th), due to rising geopolitical tensions, the US dollar index rebounded from an 8-month low and ultimately closed down 0.20% at 100.88
Oil Price Soar on Geopolitical Tension
Geopolitical tensions in both the Middle East and Eastern Europe have escalated, oil prices surged nearly 3% in yesterday's session. creating significant unease in the broader financial markets.
Market Reactions to Fed’s Rate Cut Indications Amid Global Economic Tensions
Fed Chair Powell’s confirmation of upcoming rate cuts has triggered mixed reactions across global markets. While Asia’s stock markets rallied on the news, ongoing tensions in the Middle East and cautious central bank policies in China and Singapore have kept investors on edge. Meanwhile, PDD Holdings’ historic stock drop and Nvidia’s anticipated earnings add further uncertainty to the market outlook.
Today’s Financial Forecast
Market Review | August 27, 2024
KVB Market Analysis | 27 August: AUD/USD Holds Below Seven-Month High Amid Divergent Central Bank Policies
The Australian Dollar (AUD) traded sideways against the US Dollar (USD) on Tuesday, staying just below the seven-month high of 0.6798 reached on Monday. The downside for the AUD/USD pair is expected to be limited due to differing policy outlooks between the Reserve Bank of Australia (RBA) and the US Federal Reserve. The RBA Minutes indicated that a rate cut is unlikely soon, and Governor Michele Bullock affirmed the central bank's readiness to raise rates again if necessary to combat inflation.
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