Anticipating the Nonfarm Payroll Report
As we approach the Nonfarm Payroll (NFP) report on August 2, 2024, market participants are keenly observing the data for insights into the U.S. labor market. The report is expected to show an increase of 194,000 to 206,000 jobs for July, indicating modest growth. This suggests potential softening in the labor market. A weaker-than-expected report could prompt the Fed to consider rate cuts, influencing the USD. Major currency pairs and gold prices will likely see volatility around the NFP release
Global Market and Policy Updates: Central Bank Decisions and Tech Industry Highlights
The global market experienced notable fluctuations due to anticipated central bank decisions and economic data releases. Japanese stocks fell and the yen strengthened on speculation of a Bank of Japan rate hike. US stocks, driven by tech giants like Nvidia, saw gains as the Fed hinted at potential rate cuts in September. Contrarily, China's manufacturing activity contracted, raising economic recovery concerns. Geopolitical tensions and corporate updates, Samsung's earnings and Intel's job cuts
Dovish Fed’s Statement Hammers Dollar
The highly anticipated Fed’s interest rate decision was disclosed yesterday, hammering the dollar’s strength lower as Fed Chief Jerome Powell explicitly signalled that a September rate cut is possible. The U.S. central bank is balancing both inflation and recession risks, with interest rates adjusted to curb inflation while maintaining a solid labour market.
KVB Market Analysis | 1 August: Gold Prices Surge Amid Fed Rate Cut Speculation and Geopolitical Tensions
Gold prices surged on Wednesday after the Federal Reserve suggested a potential rate cut in September. A decline in US Treasury yields and the US dollar, which hit its lowest level since July 18, further increased the appeal of gold. Investors are closely monitoring the Fed's upcoming policy decision. Geopolitical tensions in the Middle East, particularly between Israel and Iran, also drove investors towards the safe-haven asset, adding to gold's rise.
OnEquity Recognized with Awards from International Business Magazine
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Insights into Today's Markets
Market Review | August 1, 2024
Investment Opportunities Today
Market Review | August 1, 2024
Investors remain cautious, the US dollar slightly fell on Tuesday Gold prices soar nearly $30, Federal Reserve's decision is coming
On Tuesday (July 30th), the US dollar index hit a nearly half month high of 104.79 before the US market
OnEquity Expands Operations to Malaysia
OnEquity, an award-winning multi-asset broker, expands to Malaysia, offering innovative trading solutions and comprehensive educational resources.
【MACRO Alert】Global Gold Demand Trend Report - Asian Demand, Central Bank Reserves, and Federal Reserve Policy as Gold Price Drivers
Against this backdrop, the gold market is at a critical juncture. The interplay between monetary policy, economic data, and market sentiment will continue to influence the trajectory of gold prices. If the Federal Reserve adopts a dovish stance in its upcoming policy statement and hints at a rate cut in September, this could drive down the US dollar and help gold rebound. Furthermore, the recent cracks in the European economy may prompt the European Central Bank to also cut rates in September, w
Global Market Insights: Key Economic Events and Their Impact
Global Market Insights: Key Economic Events and Their Impact
Nasdaq Plummet Ahead of Fed’s Interest Rate Decision
On Wall Street, the AI frenzy continued to weigh on the U.S. equity market, with mega-cap tech stocks plunging and leading the Nasdaq to close more than 200 points lower, hitting its lowest level since June.
KVB Market Analysis | 31 July: USD/JPY Holds Near 152.50 as Markets Eye BoJ and Fed Decisions
The USD/JPY pair hovers around 152.50, just above a three-month low, as traders anticipate the Bank of Japan's policy decision, expecting a 10-basis-point rate hike and bond-buying tapering, which supports the Yen. A slight recovery in the US Dollar has paused the pair's rise, with the Dollar Index near 104.50 ahead of the Federal Reserve's meeting, where rates are expected to stay unchanged but with dovish guidance.
Today's Market Movers
Market Review | July 31, 2024
Market Commentary for Today
Market Review | July 31, 2024
GTCFX Successfully Concludes Trading Summit in Taiyuan, Clients Enthusiastic
GTCFX Successfully Concludes Trading Summit in Taiyuan, Clients Enthusiastic
XAU/USD Gold Analysis: Recent News and Insights
Gold prices are on the rise, driven by geopolitical tensions in the Middle East, falling U.S. Treasury yields, and anticipation of Federal Reserve rate cuts. Prices are holding near the $2,400 mark, supported by favorable U.S. inflation data. The market is closely watching upcoming key economic data and the Fed's meeting, with expectations of policy changes influencing gold's appeal as a safe-haven asset. Higher-than-expected inflation in the UK and Eurozone could boost demand for gold, while U.
Global Market Reactions to Recent Economic, Corporate, and Political Developments
Asian stocks declined as investors anticipate major central bank decisions, key economic data, and U.S. tech earnings. Markets in Australia, South Korea, Japan, Hong Kong, and mainland China fell, with U.S. futures also dropping. The dollar strengthened against major currencies, while the yen approached a 12-week high before the Bank of Japan's policy announcement.
【MACRO Insight】Rising Global Financial Market Uncertainty, Optimistic Yen Outlook, and the Return of Its Safe-Haven Status?
In the past few weeks, the global market has been filled with uncertainty, coupled with obvious political turmoil, which may also exacerbate the situation. The yen has regained its halo as a safe-haven currency, which many people thought had long disappeared. This makes risk assets more susceptible to concerns about the Federal Reserve's shift to a loose policy, indicating that the U.S. economy may face a severe slowdown, and the economy will "land," which may be a hard landing rather than a sof
KVB Today's Analysis: Gold Bullion Gains Strength Amid Fed's Dovish Stance on Interest Rates
Fed officials have indicated they are prepared to cut interest rates if necessary, though there is no immediate need. This dovish stance has been viewed positively by the markets, leading to increased buying pressure on gold. Despite ongoing inflationary risks, market expectations of a rate cut in June have risen to 66.3% (up 3% since the PCE release). Lower interest rates could enhance the appeal of non-yielding gold.
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