Global Market Volatility Amid Central Bank Decisions and Corporate Earnings
The global market is experiencing significant volatility due to uncertainties in economic data and central bank policies. Key highlights include the Nasdaq 100 index's dramatic rise and fall, Amazon's disappointing sales data, and Japan's significant stock market drop following an unexpected rate hike by the Bank of Japan.
Market demand for safe haven has rebounded, and the US dollar rose on Thursday Gold prices fall from two-week high, market awaits non-farm data
On Thursday (August 1st), the US dollar index maintained range volatility, falling nearly 104 points during trading
Sterling Ease on BoE Rate Cut
The BoE's decision to cut rates by 25 basis points came in line with market consensus, leading to a decline in the Pound Sterling
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KVB Market Analysis | 2 August: Japanese Yen Rallies as BoJ Surprises with Hawkish Moves, Eyes Set on USD/JPY Support Levels
The Japanese Yen strengthened against the US Dollar after the Bank of Japan's hawkish policy move, raising rates by 15 basis points and reducing bond purchases. Japan's Ministry of Finance also spent ¥5.53 trillion ($36.8 billion) in July to stabilize the Yen. Meanwhile, the US Dollar weakened as the Federal Reserve maintained interest rates. Traders now await US economic data, including the ISM Manufacturing PMI and Initial Jobless Claims, for further guidance.
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Today's Economic Outlook
Market Review | August 2, 2024
Daily Market Recap
Market Review | August 2, 2024
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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.
OnEquity Recognized with Awards from International Business Magazine
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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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