【MACRO Insight】US June CPI Data Announcement - Triggering Fed Rate Cut Expectations and Yen Volatility
Portfolio Manager Leah Traub said that if the US and Japanese policies do not change, the yen is unlikely to continue to strengthen. Currently, the yield difference between 10-year US and Japanese government bonds is still far above the average level of the past decade. Although the Bank of Japan has raised the short-term policy rate, the market sentiment towards the yen is still low, and the bearish yen positions are dominant. Data from the Commodity Futures Trading Commission shows that specul
Dollar Plummet on Soft CPI
The highly anticipated U.S. CPI report met expectations with a figure below market consensus, shaking up financial markets. The dollar plummeted to its lowest level since last month amid heightened speculation of a dovish Fed stance.
XAU/USD Post-CPI Data Analysis
Gold prices surged post-CPI data, hitting a third consecutive weekly gain and surpassing $2,400, driven by expectations of Fed rate cuts. Positive sentiment and global economic uncertainty boost gold's appeal as a safe haven. Despite minor pullbacks, the overall trend remains bullish with short-term volatility anticipated.
Global Economic and Market Developments: Key Highlights
Today's news highlights global economic and market developments. Key points include discussions on Biden's press conference, Nvidia and Tesla stock movements, US inflation cooling, China's grain production efforts, and major updates from companies like Apple and OpenAI. Global geopolitical dynamics and significant financial decisions in France and Chile round out the day's highlights.
Investment Opportunities Today
Market Review | July 12, 2024
Insights into Today's Markets
Market Review | July 12, 2024
Global Economic and Market Insights: Key Developments and Trends
Today's news covers significant global economic and market developments. Modi's interaction with Putin before the NATO summit draws attention. China takes measures to support its stock market. Major tech companies like Apple and Samsung ramp up competition. Key economic data from the UK shows growth, and global trade indicators rebound. IPO movements in Hong Kong and aerospace advancements in Europe round out the day's highlights.
Forex Trading: How to Trade the Forex Market
Forex trading offers numerous opportunities for those willing to learn and stay disciplined. Whether you're a beginner or an experienced trader, understanding the fundamentals and using the right tools is key to success. For more information on forex trading, visit Giraffe Markets.
Market risk appetite improved, US dollar fell on Wednesday Gold prices are hindered from rising, the market is waiting for the US CPI index
On Wednesday (July 10th), as Powell did not weaken the market's expectation of interest rate cuts, the US dollar index fell to around the 105 level and ultimately closed down slightly by 0.118% at 105
Europe Analysis: EUR/USD, GBP/USD, EUR/GBP
Global markets anticipate key U.S. inflation data, driving stocks to record highs. The British pound surged to a four-month high on positive GDP data and hawkish BoE comments. The U.S. dollar weakened amid inflation concerns, while Fed officials reiterated the need for tight monetary policy.
Global Market Insights: Top Stories
This week's top stories include significant sales growth for WPG Holdings, BMW's vehicle recall, and Honeywell's $1.8 billion LNG acquisition. Key economic events feature the NFIB Small Business Optimism Index, Core CPI, PPI, and Michigan Consumer Sentiment, all critical for assessing market trends and forex impacts. Stay informed on market movements and economic indicators.
Dollar Soften After Jerome Dovish Testimony
Jerome Powell's two-day testimony before the Senate concluded yesterday, with a dovish tone that bolstered the market's risk-on sentiment and tempered the dollar's strength
Today's Market Movers
Market Review | July 11, 2024
Today's Economic Outlook
Market Review | July 11, 2024
PR Global Presence & Multilingual Support
OnEquity, a leading broker-dealer, announces the expansion of its investor support services with the launch of multilingual support available 24 hours a day, 5 days a week. This initiative underscores OnEquity's dedication to providing a seamless and inclusive experience for investors worldwide.
Japanese Yen Outlook: USD/JPY, EUR/JPY & GBP/JPY
The yen weakens further as Fed Chair Powell's cautious remarks influence market sentiment. USD/JPY remains around 161, with resistance at 162, driven by Powell's comments and upcoming US CPI data. June's lower-than-expected PPI in Japan adds pressure on the yen. The sentiment is bullish for USD/JPY, supported by strong US economic indicators. Key influences include Federal Reserve signals, US economic data, and Japan's PPI. Potential movement for USD/JPY could see it testing 162 resistance.
【MACRO Insight】The Crossroads of the American Economy——Inflation, Employment, and the Fed’s Policy Choices
The dynamics of the U.S. economy and labor market, as well as changes in inflation expectations, have profound implications for Federal Reserve policy decisions. Market participants are closely monitoring upcoming economic data releases and statements from Fed officials to capture signals of policy direction. Against this backdrop, investors need to prepare for potential market fluctuations and closely watch the Fed's next steps. Meanwhile, trends in housing prices, changes in core CPI, and the
Global Market Insights: Key Events and Economic Analysis Part 2
This week's global market analysis covers significant movements and events. Fed Chairman Powell's cautious stance on interest rates impacts the USD. TSMC benefits from Samsung's strike. Geopolitical tensions rise with Putin's diplomacy. PBOC plans bond sales to stabilize CNY. Key economic events include Core CPI, PPI, and Michigan Consumer Sentiment for the USA, and GDP data for the UK. These factors influence currency movements and market sentiment globally.
Global Market Insights: Key Events and Economic Analysis Part 1
This week's major events include Powell's cautious outlook on rate cuts, TSMC's gains amid Samsung's strike, and Putin's diplomatic efforts. In China, the PBOC prepares bond interventions, while Korea's Hahn & Co. raises $3.4 billion. Deflationary pressures persist in China. US and European legal and regulatory changes impact market sentiment. Key data releases are NFIB Small Business Optimism, Core CPI, PPI, and Michigan Consumer Sentiment for the USA.
Dollar Calm on Neutral Powell’s Testimony
The market remained calm as the Fed's chief delivered a neutral statement, the dollar index (DXY) held near the $105 mark, while Wall Street traded sideways.
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