STARTRADER, a Leader in Global Financial Services, Hosts an Exclusive 'Farmhouse Tea Party' Event in Chengdu
STARTRADER, a leader in the financial market, is committed to delivering excellent services to their clients worldwide. In fact, their client base has expanded to over 200 locations in Asia, Europe, Africa, and Latin America, and they have all garnered widespread satisfaction with the offerings of STARTRADER. This is not surprising as the team continuously and strategically integrates innovative products that further enhance their services.
STARTRADER Strengthens Client Relationships and Expands Outreach with Exclusive Event in Pondicherry
On May 11, 2024, STARTRADER, a distinguished leader in the financial trading industry, hosted an impactful networking event in Pondicherry, India.
All Eye on Today’s PCE Reading
All attention now turns to the crucial PCE reading, the Fed’s preferred inflation gauge, which is expected to have a direct impact on the dollar.
Non-Farm Payrolls Report: Market Movers Ahead?
Australia's economy experienced sluggish growth, with the Gross Domestic Product expanding by only 0.2% in the fourth quarter of 2023, below the anticipated 0.3%. This marked the fourth consecutive quarter of disappointing figures. In April, the ADP jobs report showed the inclusion of 192,000 nonfarm private jobs, slightly lower than March's 208,000, but still exceeding expectations of 179,000. Despite a minor slowdown in job creation, this indicates the labor market's enduring strength. In...
Today's Economic Spotlight
Market Review | May 31, 2024
Understanding Forex Risk Management: Why You Need a Watertight Risk Management Strategy in 2024
Let's Implement It Together By using these FX risk management strategies, you’ll be more prepared to handle market ups and downs with confidence, minimize your losses, and improve your overall profits.
【MACRO Insight】The Japanese Yen Faces Another ‘Challenge’! Will Authorities Act Again in the Face of Resistance from Partner Countries?
In his speech on Wednesday, Seiji Adachi further emphasized that the central bank, when formulating policies, not only needs to consider the risks of economic downturn and deflation but also needs to pay attention to potential upside risks. He pointed out that while it is necessary to avoid premature rate hikes, excessive focus on downside risks could accelerate inflation, forcing the central bank to subsequently tighten monetary policy significantly.
The market's demand for safe haven increased, and the US dollar got a significant increase on Wednesday Be wary of the risk of a sharp drop in gold prices
On Wednesday (May 29th), the US dollar index rebounded for the second consecutive trading day, rising above the 105 level and ultimately closing up 0.487% at 105.14.
Dollar Fuels by Strong Treasury Yield
The U.S. 7-year note auction held yesterday saw tepid demand for long-term Treasury yields, resulting in a decline in bond prices and pushing bond yields higher.
Today's Market Pulse
Market Review | May 30, 2024
Urgent Notice Regarding Industrial and Commercial Bank's Deposit and Withdrawal Services
Urgent Notice Regarding Industrial and Commercial Bank's Deposit and Withdrawal Services
Choosing the Best Trading Applications: A Guide with Giraffe Markets
Choosing the best trading application is about finding a platform that aligns with your trading style and goals. Giraffe Markets offers an all-encompassing trading experience, tailored to meet the needs of modern traders. With Giraffe Markets, grow higher on your trading journey with the confidence of having a reliable and advanced trading partner by your side.
【MACRO Alert】Is silver poised to take the top spot? Is the driving force behind it once again ‘Made in China’?
During the minute from 21:12 to 21:13 Beijing time on May 28th, the most active COMEX silver futures contract traded 707 contracts, with a total value of $114 million. Spot silver briefly exceeded $32 per ounce for the first time since May 22nd, before slightly pulling back to around $0.5.
Oil prices Bullish As Geopolitical Tension Escalates
Geopolitical tensions in the Middle East have intensified, driving oil prices up by more than 3% since the start of the week
The yield of US treasury bond bonds rose significantly The US dollar rose slightly on Tuesday, Gold price rebounded with three consecutive bullish days
The US dollar index, which measures the US dollar against six major currencies, rose 0.02% on May 28th and closed at 104.614 at the end of the foreign exchange market.
Today's Economic Highlight
Market Review | May 29, 2024
Trading Stock Indices: Strategies for Success in Forex Markets
Trading stock indices in forex markets can be a profitable venture if done correctly. You should choose the right index, use technical and fundamental analysis, and manage risk effectively. It is also essential to stay up-to-date with economic data and news events that can affect the performance of an index. With the right strategies and risk management, you can succeed in stock indices trading.
【MACRO Insight】Gold and silver have become market hotspots, with attention and supply shortages driving the momentum!
On Monday's US session, geopolitical tensions and a weak dollar propelled gold prices, breaking through the $2355 mark, with silver briefly surging by 4%. Analysts at XStreet cautioned that speeches from the Federal Reserve and US first-quarter GDP data will impact gold trading, with the market placing lower bets on Fed rate cuts, potentially exerting selling pressure on gold. Meanwhile, Indian gold imports may decline by nearly one-fifth.
Commodity prices Surge as Geopolitical Tension Rise
he market saw muted activity as both the U.S. and the U.K. observed public holidays in yesterday's session. The dollar index (DXY) edged lower, failing to hold above the 104.50 level. This decline comes as the market anticipates signs of cooling U.S. inflation ahead of the PCE reading due on Friday. Meanwhile, the U.S. Securities and Exchange Commission (SEC) announced a reduction in Wall Street settlement times, aiming to complete transactions in a single day.
Financial News Today
Market Review | May 28, 2024
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