Today's Financial News
Market Review | June 5, 2024
Just2Trade Awarded Best Multi-Asset Broker 2024
Just2Trade Awarded Best Multi-Asset Broker 2024
【MACRO Alert】OPEC+ Production Cuts Trigger Oil Price Plunge! U.S. Fuel Consumption Data Becomes New Focus!
On June 2, the OPEC+ meeting announced the extension of the "collective production cut measures" (200,000 barrels per day) until the end of 2025. The "compensatory production cut measures" (approximately 1.65 million barrels per day) will also be extended until the end of December 2025. At the same time, the "voluntary production cut measures" (2.20 million barrels per day) announced in November 2023 will be extended until the end of September 2024. There are plans to gradually phase out the vol
How to Know When to Sell a Stock for a Profit - or a Loss
By opening an account with Giraffe Markets, you can make well-timed decisions that optimize your investment outcomes. We provide all the tools, platforms and informative materials for you to succeed in the stock trading market. Remember, the key to successful investing is not just knowing when to buy, but also when to sell.
The Upgrade is Not Just Superficial, DBG Markets Official System 2.0 is Officially Released!
Recently, DBG Markets has upgraded its system comprehensively, and both its official website and customer management system have been updated to version 2.0. This upgrade not only has a brand new visual effect, but also has comprehensively optimized the functional layout and user experience, aiming to provide every user with a more efficient and convenient trading environment.
Soft PMI Reading Hammers Dollar Lower
The U.S. dollar remained on a downward trajectory following the release of yesterday's PMI readings, which fell short of market expectations.
Today's Economic News
Market Review | June 4, 2024
【MACRO Insight】Crude Oil Big Signal! OPEC+ "Voluntary Production Cuts" Extended Until the End of 2024!
U.S. and Brent crude closed lower by $0.5 on Monday (June 3rd), with WTI crude falling below $77 per barrel. The decision by the OPEC+ weekend meeting to extend production cuts came as no surprise. 图片 1.png The recent OPEC+ meeting showed that the agreement reached in Riyadh on Sunday exceeded market expectations in some aspects, extending the "voluntary" production cuts of major member countries such as Saudi Arabia and Russia until next year. However, these major member countries will start
US inflation data meets expectations The US dollar fell last Friday, and gold fell under pressure
Last Friday (May 31), due to the core PCE price index in the United States hitting a new low since December 2023, the US dollar index weakened and recorded its first monthly decline in 2024
Soft PCE Boost Equity Market
The soft PCE reading last Friday boosted the U.S. equity market, with the expectation of a more dovish Fed monetary policy in the future.
Today's Market Insights
Market Review | June 3, 2024
HFM Wins The “Best Copy Trading Broker” Award
HFM has been honored with the ‘Best Copy Trading Broker Award’ at FMAS:24
GML's strategic alliance with BITEMPIRE ACADEMY prioritizes spreading financial investment literacy.
Join us in celebrating this fantastic collaboration between GML and BITEMPIRE ACADEMY as we work together to spread financial investment literacy far and wide. Together, we can bring about positive change and create a more financially educated community. Let's make our money work for us!
【MACRO Alert】The US revised down both GDP and inflation for the first quarter！but signals indicate that there is no rush to cut interest rates！
According to the latest data, the revised annualized seasonally adjusted real GDP for the US in the first quarter is 1.3%, lower than the initial estimate of 1.6%, and significantly below the 3.4% growth rate in the fourth quarter of 2023, indicating that consumer spending fell below expectations.
The US economic growth rate decreased The US dollar fell on Thursday, and gold will face the test of US PCE data
On Thursday, May 30th, as GDP data boosted market confidence in interest rate cuts, the US dollar index fell from its high in over two weeks and ultimately closed down 0.433% at 104.68.
STARTRADER Infuses Fresh Energy into Trading with a Dynamic Launch in Thailand!
On May 18th, STARTRADER, an industry leading firm in the financial market, injected fresh energy into the industry in Thailand. Collaborating with the brand’s partners, they held an influential event that opened potential limitless opportunities for all participants.
STARTRADER, a Leader in Global Financial Services, Hosts an Exclusive 'Farmhouse Tea Party' Event in Chengdu
STARTRADER, a leader in the financial market, is committed to delivering excellent services to their clients worldwide. In fact, their client base has expanded to over 200 locations in Asia, Europe, Africa, and Latin America, and they have all garnered widespread satisfaction with the offerings of STARTRADER. This is not surprising as the team continuously and strategically integrates innovative products that further enhance their services.
STARTRADER Strengthens Client Relationships and Expands Outreach with Exclusive Event in Pondicherry
On May 11, 2024, STARTRADER, a distinguished leader in the financial trading industry, hosted an impactful networking event in Pondicherry, India.
All Eye on Today’s PCE Reading
All attention now turns to the crucial PCE reading, the Fed’s preferred inflation gauge, which is expected to have a direct impact on the dollar.
Non-Farm Payrolls Report: Market Movers Ahead?
Australia's economy experienced sluggish growth, with the Gross Domestic Product expanding by only 0.2% in the fourth quarter of 2023, below the anticipated 0.3%. This marked the fourth consecutive quarter of disappointing figures. In April, the ADP jobs report showed the inclusion of 192,000 nonfarm private jobs, slightly lower than March's 208,000, but still exceeding expectations of 179,000. Despite a minor slowdown in job creation, this indicates the labor market's enduring strength. In...
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