Market Updates for Today
Market Review | August 27, 2024
WTI crude jumped nearly 3% after the government in eastern Libya announced it would halt all oil production and exports!
The government in eastern Libya has announced it will halt all oil production and exports. Crude oil supply decline, Lido crude oil.
🍀 We are delighted and honored to be part of the training camp organized by #EliteGroupAcademy in Nakhon Ratchasima, a province located in northeastern Thailand. This is the second round, and over 100 people participated in the camp
On behalf of Clovergate Capital, we are proud and honored to support a reputable institution that provides accurate knowledge about the investment market. The camp has helped traders who attended sustain themselves and achieve consistent profits.
Powell turns pigeon to gold bullish The US dollar continues to fall under pressure
The US dollar index fell on the 23rd. The US dollar index, which measures the US dollar against six major currencies, fell 0.78% that day and closed at 100.717 at the end of the foreign exchange market.
【MACRO Insight】Powell’s Jackson Hole Speech: Is the Federal Reserve’s Monetary Policy Entering a Phase of Adjustment?
At the 2024 Jackson Hole Global Central Bank Annual Meeting, Federal Reserve Chairman Jerome Powell's speech provided the market with important clues about the future direction of U.S. monetary policy, emphasizing that the current moment is an appropriate time for monetary policy adjustments and expressing confidence in the return of inflation to the 2% target. Although he remains optimistic about the stability of the job market and the resilience of the economy, he also cautioned the market tha
Global Market Reactions as Fed Prepares for Rate Cuts Amid Rising Geopolitical Tensions
Fed Chair Powell signals upcoming rate cuts, driving bond market speculation and influencing global markets. Asian stocks rise, while yen strengthens due to safe-haven demand. Meanwhile, Australia's central bank faces skepticism over its tightening stance.
KVB Market Analysis | 26 August: Bitcoin (BTC) Breaks Out Above $60,000, Faces Resistance at $72,000
Bitcoin traded above $60,000 on Friday, gaining over 4% this week but staying within a $57,000 to $62,000 range for the past 15 days. On-chain data reveals mixed signals, with institutions accumulating while some large holders are selling. Inflows into US spot Bitcoin ETFs and potential volatility from ongoing Mt.Gox fund movements could impact Bitcoin's price in the coming days.
Spot Gold was up 20 U. S. dollars, the U. S. Index plunged!
Powell's “Loudest interest rate cut” at his annual meeting in Hall, John Hughlings Jackson, was that the time had come for a change in policy and increased confidence in a return to 2 per cent inflation. Does not seek or welcome further cooling of the labour market. The chances of the Fed cutting rates by 50bp in September have risen since Powell's speech, with the rate cut of nearly 100bp remaining stable towards the end of the year. Fed mouthpiece says Powell's turnaround is complete. Interest
Today's Global Economic Outlook
Market Review | August 26, 2024
Investment News for Today's Markets
Market Review | August 26, 2024
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FBS Joins Two Prestigious Financial Events by the End of 2024
FBS is thrilled to announce our participation in two major financial events in Asia – iFX Expo Asia 2024 and Traders Fair Davao!
Global Financial Market Dynamics Amid Geopolitical Tensions and Economic Shifts
Kamala Harris makes history at the Democratic National Convention, while global markets react to central bank policies and geopolitical developments. Alibaba's listing upgrade and Japan's currency movements highlight Asia's financial dynamics. Meanwhile, Russia faces military and economic challenges as Ukraine escalates attacks. Key market players like Uber and Canadian rail companies respond to industry disruptions.
【MACRO Alert】Federal Reserve's Policy Challenges in an Election Year — The Debate Over Interest Rate Cuts and Economic Data Considerations
As the U.S. election approaches, the Federal Reserve faces complex challenges in formulating monetary policy. Kansas City Fed Chairman Schmid emphasizes the importance of needing more economic data before making interest rate cut decisions, while Boston Fed Chairman Collins and Philadelphia Fed Chairman Harker believe that interest rate cuts should start as soon as possible. Adam Posen, President of the Peterson Institute for International Economics, points out that Federal Reserve Chairman Jero
US dollar rebounds, gold price rebounds below $2,500 mark The market is waiting for Powell's speech
On Thursday (August 22), the US dollar index broke away from its annual low and expanded its gains during the release of US PMI and existing home sales data, ultimately closing up 0.338% at 101.52.
KVB Market Analysis | 23 August: JPY Gains Ground Against USD as BoJ Signals Possible Rate Hike
JPY strengthened against the USD, pushing USD/JPY near 145.00, driven by strong inflation data and BoJ rate hike expectations. Japan's strong Q2 GDP growth added support. However, USD gains may be limited by expectations of a Fed rate cut in September.
BoJ Holds Firm on Tightening Path Fuels Yen
The Bank of Japan (BoJ) remains on course with its monetary tightening policy, according to the BoJ Chief, following his hearing at the Japan Lower House.
AUS Global Shines at HQ MENA Investment Expo in Mumbai and Wins Best Value Broker Award
AUS Global, a leading provider of forex and trading solutions, is delighted to announce the success of its participation in the HQ MENA Investment Expo held in Mumbai on August 17-18, 2024. As a Diamond Sponsor of this prestigious event, AUS Global had the opportunity to connect with a wide audience of investors and industry professionals, further strengthening its position in the Indian market.
The U.S. dollar index and U.S. Treasury yields rebounded at the same time; gold fell by more than 1%!
The initial value of the US S&P Global Manufacturing PMI in August was 48, which was lower than expected and the lowest in 8 months; the service PMI was 55.2, which exceeded the expected 54. The number of initial jobless claims in the week ending August 17 was 232,000, slightly higher than expected, and the previous value was revised from 227,000 to 228,000. Existing home sales in July increased for the first time in five months. The PMI data was lower than expected, which was bad for the US eco
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