Market data shows that the dollar index barely changed from Friday. The US dollar spent most of this month on the ropes, pressured by signs that inflation is simmering down and speculation that the Fed is in the final chapters of its tightening cycle. Yet, the reserve currency came back swinging on Monday, regaining lost ground with some help from safe-haven flows.
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On Friday (March 3), the spot gold fluctuated slightly, and is currently trading around 1838.5 US dollars/ounce. The hawk of the Federal Reserve, Bostock, said that slow and steady will be the appropriate path of action, explaining the reason why the Federal Reserve insisted on "steadily" raising interest rates by 25 basis points at each meeting in the future, which alleviated some investors' concerns that the Federal Reserve might expand the pace of interest rate increase. On Friday, the US dol
On Thursday, the spot gold range fluctuated, briefly falling below the $1830 mark, and finally closing down by 0.04% to $1836.06 per ounce, ending three consecutive daily increase; On the whole, spot silver fell first and then rose, and finally closed down 0.47% at $20.9 per ounce.
As the European Central Bank looks set to raise interest rates again, why do central banks raise rates?
EUR/USD carves a series of lower highs and lows as it continues to pull back from the weekly high (0.9876), and the exchange rate may depreciate over the coming days as the rebound from the monthly low (0.9632) appears to have stalled ahead of the 50-Day SMA (0.9902).
The dollar index (DXY) has reversed over a quarter of the losses sustained during that period and is currently trading at levels seen in December.
WCG Markets:2023-03-03
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On Thursday (March 2), the spot gold fell slightly in the Asian period, and currently trading around 1832.80 US dollars per ounce, because the market's expectation of a higher terminal interest rate of the Federal Reserve and the expectation of maintaining a higher interest rate level for a longer period of time continue to provide momentum for the rise of the US bond yield. The 10-year US bond yield hit the highest point since November 14 to 4.028%, and the US dollar also rebounded slightly, pu
On Wednesday, the spot gold continued to rise, breaking the 1840 mark in the middle of the day, and then narrowed, and finally closed up 0.61% to $1836.72 per ounce; Spot silver fluctuated sideways and ended up 0.51% at $20.99 per ounce.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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WCG Markets:2023-03-02
WTI is set to end its second week in negative territory and trades close to levels seen earlier this month.
The derivative contracts that derive value from a financial asset, such as a traditional stock, bond, or stock index, and thus can be used to gain exposure to various financial instruments, including stocks, indexes, currencies, and commodities also called Futures tracking the main U.S. stock indexes rose on Monday after Wall Street's worst weekly performance of 2023 on fears that the Federal Reserve would keep raising rates this year.
EU antitrust regulators have extended their deadline for a decision on Microsoft (NASDAQ:MSFT)'s $69 billion acquisition of "Call of Duty" maker Activision Commission filing on Wednesday.
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