Navigating Market Trends: A Recap of Key Developments
WCG Markets:2024-01-12
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
In 2024, gold prices face challenges due to rising US Treasury yields. Despite bearish forecasts, prices find support in a weakening dollar, urging investors to reassess holdings.
Analyzing Wednesday's Market Performance, Forex Trends, and SEC's Impact on Bitcoin
The Market pays attention to the direction of the Federal Reserve's monetary policy
WCG Markets:2024-01-11
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
EBC Global Focus reports a robust performance of Japan's stock market on January 10th, with the Nikkei Index hitting a 33-year high, defying global downtrends. EBC Group's insights are highlighted by strong semiconductor stocks, like Tokyo Electron, and Nvidia's new highs. Despite global economic slowdown concerns, EBC emphasizes risk management and capital safety, reflecting its comprehensive financial services and global presence.
Market players brace for a slew of data/events on early Wed. .mmnesday as they consolidate the year-start moves amid mixed feelings. Even so, dovish Fed bias joins the China stimulus hopes to unde and Antipodeans. However, the odds of witnessing the US soft landing tests the US Dollar bears of late.
The EURUSD formed a strong bear close yesterday below the 20-period moving average.
EUR/USD attempts to retrace its recent losses, trading near 1.0920 during the Asian session on Thursday. The EUR/USD pair faced downward pressure as the US Dollar (USD) strengthened, driven by a market shift towards caution amid concerns about global growth at the close of 2024.
GBP/JPY snaps a two-day losing streak, improving to near 184.40 during the European session on Wednesday. The Japanese Yen (JPY) encountered challenges following a downbeat Japanese Labor Cash Earnings report, which indicated an annual contraction of 0.2% in November.
On January 8, CoinShares published its weekly report on inflows and outflows for digital asset investment products for the last week. It was a good week as they recorded aggregate inflows valued at $151 million.
Unraveling the Day's Market Movements, Forex Dynamics, and Crypto Rollercoaster
WCG Markets:2024-01-10
Inflation in Context: Reading Between the Data Lines for Better Trading Decisions
WCG Markets:2024-01-09
US Consumer Inflation Expectations Decline The US dollar weakened and fell yesterday, consolidating
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】