【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Last Friday, the US dollar index eased in the European session and fell to an intraday low of 101.42, but regained some of the lost ground in the US session and finally closed down 0.08% at 101.70.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The final value of US GDP in the third quarter dragged down the US dollar The US dollar fell to a new low in nearly five months
Core PCE Price Index Mom: Trends and Potential Trading Implications
At the end of the Asian market on Friday (December 22), the final data released by the US Department of Commerce yesterday evening showed that the US GDP growth in the third quarter was 4.9%, while market expectations and previous revisions were both 5.2%.
On Thursday, the U.S. dollar index fell sharply before the U.S. market, losing the 102 mark and once fell to a new one-week low of 101.73, and finally closed down 0.59% at 101.79. U.S. bond yields fell and then rose, and the 10-year U.S.
The prediction for gold today hasn't seen significant changes yet, perhaps it will be observed in the afternoon or evening, as it seems to be awaiting news releases or updates related to the USD.
The EUR/JPY cross extends its downside near 156.60 during the early European session on Thursday. That being said, the upward revision of economic growth estimates by the Japanese government lifts the Japanese Yen (JPY) and creates a headwind for the EUR/JPY cross.
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Daily Analysis of Stock Movements, Bond Yields, and Economic Indicators - December 22, 2023
WCG Markets:2023-12-22
The major US indexes have demonstrated further upward momentum this week. The market was taken aback as the Federal Reserve unexpectedly projected three rate cuts for 2024, surpassing the initial expectation of two cuts.
At the end of the Asian market on Thursday (December 21), the Fed Barkin announced that if the recent progress of inflation continues, the Fed will cut interest rates.
On Wednesday, the U.S. dollar index firm to maintain above the 102 mark, the plate once rose to 102.54 intraday highs, and finally closed up 0.3% at 102.44. U.S. bond yields have been down, the 10-year U.S. bond yields lost 3.9% mark, and ultimately closed at 3.853%; on the Fed's policy rate is more sensitive to the yield of two-year U.S. bonds closed at 4.340%.
The major US indexes have demonstrated further upward momentum this week. The market was taken aback as the Federal Reserve unexpectedly projected three rate cuts for 2024, surpassing the initial expectation of two cuts.
Hedge buying drives up the US dollar The sharp decline in UK inflation rate hits the pound
Analyzing the Latest Shifts in Stocks, Bonds, Commodities, and Forex Markets