January US non-farm data exceeded expectations The expectation of the Federal Reserve's interest rate cut has been weakened, and the US dollar has risen comprehensively
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WCG Markets:2024-02-05
The price of gold (XAU/USD) continues its sideways movement, remaining close to a one-month high reached recently. Traders are cautious and awaiting the release of US monthly employment data for insights into the Federal Reserve's policy direction, which could impact the non-yielding yellow metal. Ongoing talks of an Israel-Hamas ceasefire and positive global equity market sentiment act as challenges for gold.
On Thursday, the U.S. dollar index dropped by 0.4% to 103.06. EUR/USD rose by 53 pips to 1.0871, influenced by the Eurozone's expected slowdown in inflation to 2.8% in January, while the jobless rate remained steady at 6.4% in December, meeting expectations. GBP/USD increased by 55 pips to 1.2743, in line with the Bank of England's decision to maintain the key interest rate at 5.25%. USD/JPY declined by 52 pips to 146.42, and AUD/USD remained relatively stable at 0.6571. USD/CHF decreased by 35
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The long-term US Treasury bond yields have declined, causing the US dollar to drop yesterday While the Yellow prices surged to a near one-month high
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Market Insights Snapshot - February 2, 2024
WCG Markets:2024-02-02
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As expected, the Federal Reserve held steady, leading to wide fluctuations in the U.S. dollar during the session
WCG Markets:2024-02-01
On Wednesday (January 31), Sherrod Brown, Chairman of the Senate Banking Committee and Senior Senator from Ohio, urged the Fed to cut interest rates early this year in a letter to Fed Chairman Powell.
The EU's GDP data was better than expected, leading to a slight decline in the U.S. dollar The Yellow surged initially but then retreated and consolidated
On Tuesday, the U.S. dollar index shook lower, turned higher for a time during the session due to strong employment data, but then returned to the downtrend, and finally closed down 0.072% at 103.4; 10-year U.S. bond yields likewise in the U.S. session briefly pulled up, but continued to fall at the end of the session, refreshing the intraday lows, and ultimately closed at 4.035%; 2-year U.S. bond yields, which are more sensitive to the Fed's policy rates, barely closed up, and closed at 4.339%.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2024-01-31
On Monday, the U.S. dollar index touched a new high during the session since last month's Fed interest rate meeting, but then turned sharply downward, close to retracting all the gains during the day, and finally closed up 0.014% at 103.47; with the U.S. Treasury unexpectedly downgraded the size of the Q1 borrowing is expected to be, U.S. bond yields across the board, long term treasury yields led the decline in the 10-year U.S. bond yields ultimately closed up at 4.076%; The 2-year U.S. bond yi