Directional Views and Key Data Stocks, Bonds, Commodities, and Forex
WCG Markets:2024-02-16
This surge in the Dollar coincided with Chinese markets closing for the Lunar New Year, contributing to heightened market dynamics.
Key Insights into Today's Market Dynamics and Profitable Trading Strategies
WCG Markets:2024-02-15
In currency markets on February 15
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Thursday, the Australian Dollar (AUD) staged a recovery, erasing its recent losses amid a risk-on market mood, despite the US Federal Reserve's (Fed) insistence on maintaining high interest rates to steer inflation back to its 2% goal.
On Wednesday (February 7), a record number of 10-year U.S. Treasury auctions surprisingly held steady, with Treasury yields briefly falling before rebounding. The benchmark 10-year Treasury yield returned to below 4.10% at one point but quickly rose back above 4.10%; the rate-sensitive two-year Treasury yield re-entered above 4.40%
Recap of Global Market Trends and Trading Opportunities
Gold prices struggle to gain momentum in Wednesday's European session, following a positive move overnight, as expectations of a hawkish Federal Reserve dampen enthusiasm.
On Thursday, the US Dollar Index reversed its upward trend under pressure from a strengthening British Pound, falling back to the vicinity of the 103 level, close to its level before the Federal Reserve's interest rate decision was announced on Wednesday, ultimately closing down 0.446% at 103.06. As concerns over a resurgence in the banking crisis offset the cooling expectations for interest rate cuts, the yield on 10-year US Treasury notes fell below the 3.9% mark, ultimately closing at 3.882%,
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Insights from Trading Central's Global Research Desks
WCG Markets:2024-02-07
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】