WCG Markets:2024-02-22
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
The US Dollar saw a decline on Tuesday, continuing its downward trend after the extended weekend, fueled by increasing expectations that the Federal Reserve will postpone the initial rate cut even further.
On Tuesday, the US Dollar Index fell below the 104 level during the trading session, hitting a more than one-week low.
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The US dollar and US bond yields have fallen, and gold prices have risen to over a week high Oil prices have fallen by over 1%, and demand concerns have overshadowed the impact of geopolitical tensions
Stocks Slip, Dollar Softens, Bitcoin Rebounds
WCG Markets:2024-02-21
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The Canadian CPI is expected to increase by 3.2% YoY in January, with economists anticipating a monthly rebound to 0.4%.
On Monday, the U.S. Dollar Index edged up to a daily high of 104.37 during the American session before paring its gains, eventually closing slightly lower at 104.25. The U.S. bond market was closed.
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The US dollar remains in an upward trend, with geopolitical concerns helping gold prices stay above $2,000
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WCG Markets:2024-02-20
At the start of Monday, major currency pairs hovered around their closing levels from the previous week.
The market has digested strong PPI data, and the US dollar rebounded last Friday but encountered resistance and fell back to consolidate. Gold has once again stabilized at the psychological level of $2,000
Last Friday, another set of hot inflation data weakened the prospects of a rate cut by the Federal Reserve, sending the US dollar index to refresh its daily high during the session.
WCG Markets:2024-02-19