Today's Economic Outlook
Market Review | August 2, 2024
Daily Market Recap
Market Review | August 2, 2024
English Press Release: GTCFX to Host Exclusive Golf Event in Dubai GTCFX Announces Upcoming Exclusive Golf Event in Dubai
English Press Release: GTCFX to Host Exclusive Golf Event in Dubai GTCFX Announces Upcoming Exclusive Golf Event in Dubai
Kudotrade Launches With a Full MT5 License From Day One!
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【MACRO Insight】US Stock Market Starts Positively! How Does the Federal Reserve's Policy Decision Affect Investment Trends?
The Federal Reserve maintained interest rates unchanged in the latest policy resolution and closely monitored the labor market and inflation to guide future monetary policy. Although there are differences in the market's expectations for an interest rate cut in the short term, Federal Reserve Chairman Powell emphasized the resilience of the labor market and the commitment to the inflation target, indicating that in achieving the dual mission of maximizing employment and stabilizing prices, the F
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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.
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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
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【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
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