Most Asian currencies moved in a tight range on Tuesday, while the dollar hovered near five-month lows as soft U.S. inflation data spurred increasing bets on interest rate cuts from the Federal Reserve in 2024.
Uniswap, a prominent decentralized finance (DeFi) platform, has expanded its functionality and interoperability with Bitcoin and other blockchains while achieving unprecedented trading volume and TVL.
The first three articles in this series laid a solid foundation of knowledge to answer the question: why does pricing differ across various brokers?
WCG Markets:2023-12-27
Inflation cooling continues to pressure the US dollar downward Gold remains strong but no longer with the upward momentum
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Last Friday, the US dollar index eased in the European session and fell to an intraday low of 101.42, but regained some of the lost ground in the US session and finally closed down 0.08% at 101.70.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The final value of US GDP in the third quarter dragged down the US dollar The US dollar fell to a new low in nearly five months
Core PCE Price Index Mom: Trends and Potential Trading Implications
At the end of the Asian market on Friday (December 22), the final data released by the US Department of Commerce yesterday evening showed that the US GDP growth in the third quarter was 4.9%, while market expectations and previous revisions were both 5.2%.
On Thursday, the U.S. dollar index fell sharply before the U.S. market, losing the 102 mark and once fell to a new one-week low of 101.73, and finally closed down 0.59% at 101.79. U.S. bond yields fell and then rose, and the 10-year U.S.
The prediction for gold today hasn't seen significant changes yet, perhaps it will be observed in the afternoon or evening, as it seems to be awaiting news releases or updates related to the USD.
The EUR/JPY cross extends its downside near 156.60 during the early European session on Thursday. That being said, the upward revision of economic growth estimates by the Japanese government lifts the Japanese Yen (JPY) and creates a headwind for the EUR/JPY cross.
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Daily Analysis of Stock Movements, Bond Yields, and Economic Indicators - December 22, 2023
WCG Markets:2023-12-22
The major US indexes have demonstrated further upward momentum this week. The market was taken aback as the Federal Reserve unexpectedly projected three rate cuts for 2024, surpassing the initial expectation of two cuts.