As the European Central Bank looks set to raise interest rates again, why do central banks raise rates?
EUR/USD carves a series of lower highs and lows as it continues to pull back from the weekly high (0.9876), and the exchange rate may depreciate over the coming days as the rebound from the monthly low (0.9632) appears to have stalled ahead of the 50-Day SMA (0.9902).
The dollar index (DXY) has reversed over a quarter of the losses sustained during that period and is currently trading at levels seen in December.
WCG Markets:2023-03-03
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On Thursday (March 2), the spot gold fell slightly in the Asian period, and currently trading around 1832.80 US dollars per ounce, because the market's expectation of a higher terminal interest rate of the Federal Reserve and the expectation of maintaining a higher interest rate level for a longer period of time continue to provide momentum for the rise of the US bond yield. The 10-year US bond yield hit the highest point since November 14 to 4.028%, and the US dollar also rebounded slightly, pu
On Wednesday, the spot gold continued to rise, breaking the 1840 mark in the middle of the day, and then narrowed, and finally closed up 0.61% to $1836.72 per ounce; Spot silver fluctuated sideways and ended up 0.51% at $20.99 per ounce.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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WCG Markets:2023-03-02
WTI is set to end its second week in negative territory and trades close to levels seen earlier this month.
The derivative contracts that derive value from a financial asset, such as a traditional stock, bond, or stock index, and thus can be used to gain exposure to various financial instruments, including stocks, indexes, currencies, and commodities also called Futures tracking the main U.S. stock indexes rose on Monday after Wall Street's worst weekly performance of 2023 on fears that the Federal Reserve would keep raising rates this year.
EU antitrust regulators have extended their deadline for a decision on Microsoft (NASDAQ:MSFT)'s $69 billion acquisition of "Call of Duty" maker Activision Commission filing on Wednesday.
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On Wednesday (March 1), in the Asian session, spot gold rose in shock, hitting a four-day high of $1832.57 per ounce. On the one hand, after the overnight gold price bottomed out, more bargain-hunters emerged and some short left the market, providing support for the gold price. On the other hand, China's February PMI data performed well, suppressing the safe-haven dollar, and providing a rebound opportunity for the gold price.
On Tuesday, spot gold fell first and then rose. A series of unexpected economic data on the US market once pushed the gold price to expand to 1830 US dollars/ounce, the highest since February 23, but it fell slightly in the end of the day, and ended up 0.54% higher at 1827.03 US dollars/ounce. In February, it fell more than 5%, setting the worst performance month since the middle of 2021; The trend of spot silver was similar, and it was only one step away from the 21 level in the intraday, and f
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