Commodity prices Surge as Geopolitical Tension Rise
he market saw muted activity as both the U.S. and the U.K. observed public holidays in yesterday's session. The dollar index (DXY) edged lower, failing to hold above the 104.50 level. This decline comes as the market anticipates signs of cooling U.S. inflation ahead of the PCE reading due on Friday. Meanwhile, the U.S. Securities and Exchange Commission (SEC) announced a reduction in Wall Street settlement times, aiming to complete transactions in a single day.
Financial News Today
Market Review | May 28, 2024
【MACRO Alert】Long weekend air travel in the United States is becoming a new trend! Meanwhile, the US dollar recently turned net short for the first time!
According to survey data, this year, many American travelers are opting for air travel over traditional road trips during the Memorial Day long weekend, marking an upward trend! On the other hand, bullish sentiment on the US dollar is beginning to retreat, turning net short for the first time in six weeks!
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The US dollar fell last Friday Gold hit its largest weekly decline in five and a half months due to weakened hopes of interest rate cuts from the Federal Reserve
On May 24th (last Friday), the US dollar fell against a basket of currencies other than the Japanese yen
Dollar Dips Ahead of Key Data, Fed Insights
The Dollar Index dipped as investors took profits ahead of key economic data and events later this week
CWG Markets Triumphs at 2024 Hong Kong Wiki Finance Expo with "Best Forex Trade Execution"
The highly anticipated Hong Kong Wiki Finance Expo has successfully concluded
Today's Market Updates
Market Review | May 27, 2024
【MACRO Insight】The Japanese economy is facing challenges, and the central bank may raise interest rates to address the depreciation of the yen
Some self-media suggest that Japan's exchange rate may be influenced by the United States, and believe that there is a high possibility of the yen depreciating. They believe that the depreciation of the yen is beneficial for economic development. Despite the political turmoil in Japan, the economy is not easily being "harvested," and businesses benefit from the depreciation of the yen. The depreciation of the yen reflects Japan's long-term economic difficulties, but it is not being "harvested."
DBG Markets Wins "Most Favored Demo Trading Broker" and "Best Forex Trading Experience" at the 2024 Wiki Finance EXPO
On May 17, the 2024 Wiki Finance EXPO concluded successfully at SKY 100 in ICC, Tsim Sha Tsui, Hong Kong. This financial technology event, hosted by WikiGlobal, attracted top figures from the global financial sector to explore the development and future trends of financial technology.
Surprise or Steady? April's Core PCE Data to Set Market Tone
Australian retail sales experienced a greater decline than anticipated in the March quarter, dropping by 0.4% compared to the expected 0.2% decrease. This marked the lowest annual retail sales growth since 2021, excluding pandemic-related impacts. In April, the Conference Board released its CB Consumer Confidence report, revealing a decline in consumer confidence from 103.1 (revised from 104.7) in March to 97.0 in April, against an analyst consensus of 104. The U.S. gross domestic product...
US economic data better than expected The US dollar rose on Thursday, while gold plummeted by nearly 90 dollars
On Thursday (May 23), the US dollar index continued to rebound to a new high for the week, breaking through the 105 mark and rising 0.17% on the same day, ultimately closing at 105.11.
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Dollar Gain on Hawkish Fed Prospect
U.S. PMI readings beating market expectations fuels dollar upward momentum.
Economic News Today
Market Review | May 24, 2024
【MACRO Alert】Russia's oil production exceeds quota! Plans to submit compensatory production cut plan to OPEC!
The Russian Energy Ministry has stated that Russia's crude oil production in April exceeded the designated quota and they will submit a compensatory production cut plan to OPEC.
Easy Trading Online Awarded “Best Forex Broker - Asia” at Wiki Finance EXPO 2024 Hong Kong
We are thrilled to announce that Easy Trading Online has been awarded the “Best Forex Broker - Asia” at the Wiki Finance EXPO 2024 Hong Kong! This prestigious recognition underscores our commitment to excellence and dedication to providing top-notch services to our clients.
AUS Global Honored with “Best Forex Broker IB Program” Award at Smart Vision Forex Traders Summit Dubai 2024
AUS Global, a leading global forex broker, is thrilled to announce that it has been awarded the prestigious “Best Forex Broker IB Program” award at the Smart Vision Forex Traders Summit Dubai 2024.
STARTRADER App Upgraded to Elevate Your Trading Journey
We would like to share some good news about our app! We have implemented significant enhancements to elevate your trading journey with it.
Today's Economic Highlight
Market Review | May 23, 2024
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