【MACRO Insight】The Interplay of Policy, Economy, and Geopolitics - Triggering Multidimensional Challenges in the Global Oil Market!
In the coming months, OPEC+'s decisions, U.S. political dynamics, Iraq's energy policy adjustments, and China's economic policy changes will have a profound impact on the global oil market. Investors and analysts need to closely monitor these dynamics to better understand and predict market trends.
Global Market Reactions to Latest Corporate, Economic, and Political Developments
Tesla faces ongoing struggles with profit misses, impacting its stock and investor confidence. Meanwhile, Alphabet Inc.'s strong Q2 earnings highlight robust demand in cloud services and advertising. Political developments in the US, with Vice President Kamala Harris rallying support, and India's budget aimed at job creation reflect significant economic shifts. Natural disasters and corporate news, such as Boeing's resumed 737 Max deliveries and Citi's upgrade of Coinbase, also influence market
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Eye On Today’s PMI Readings
As the forex market has been dull in recent sessions, the PMI readings from the U.S., U.K. and eurozone today may be a catalyst to stimulate the market.
Today's Analysis: XAU/USD Prices Surge Above $2,400 Amid U.S. Economic Data and India's Tax Cut
Gold prices are set to rise, driven by a busy U.S. economic schedule and interest rate cut expectations. Rebounding above $2,400 due to India's import tax cut, gold is poised for further gains. Bullish RSI indicates strong momentum, with key resistance at $2,412 and $2,450, and an all-time high of $2,483 in sight. Support levels are at $2,384 and the 50-day SMA at $2,359.
Latest Market Insights
Market Review | July 24, 2024
Market Commentary for Today
Market Overview | July 24, 2024
GTCFX Shines at the Wiki Gala Night in Hong Kong
GTCFX Shines at the Wiki Gala Night in Hong Kong
XAU/USD GOLD Outlook
Gold is experiencing a bullish trend, driven by expectations of Federal Reserve rate cuts and economic uncertainties. Key events like CPI data, ECB rate decisions, and U.S. jobless claims are influencing gold's appeal as a safe-haven asset. Investors are closely monitoring these indicators for further direction on gold prices.
Global Market Reactions to Key Political, Economic, and Corporate Developments
Global Market Reactions to Key Political, Economic, and Corporate Developments
【MACRO Alert】Policy Choices and Foreign Exchange Market Reactions - The Complex Interweaving of the Bank of Japan's Interest Rate Decisions and Foreign Exchange Market Interventions
The Bank of Japan is in a complex and highly sensitive decision-making environment and must find a balance between controlling inflation and supporting economic growth. Although inflation continues to rise, reaching 2.6%, exceeding the central bank's target, the decline in real wages and weak consumption pose challenges to the decision to raise interest rates. Market expectations for the central bank's interest rate hike are inconsistent, and the fluctuations in the yen exchange rate and governm
The rebound in US Treasury yields has caused gold prices to hit their lowest level in over a week The bullish trend of gold has not changed, and Goldman Sachs maintains its target expectation of $2,700
On Monday (July 22), as the market digested the impact of Biden's withdrawal, the US dollar index closed slightly lower
Wall Street Rally as Risk Appetite Improve
Wall Street rallied in the last session as investors anticipate earnings reports from mega-caps including Alphabet and Tesla, due later today.
Today's analysis: USD/JPY Under Pressure as Yen Strengthens Amid Risk-Off Sentiment
The USD/JPY pair is trading below 157.00, with the Japanese Yen strengthening due to risk-off sentiment in the Asian session. The pair is now focused on potential Japanese intervention and upcoming US economic data. On Monday, USD/JPY fell over 0.20% and is currently at 156.96, with a bearish outlook for potential further declines.
Today's Financial Forecast
Market Review | July 23, 2024
Daily Market Trends and Movements
Market Review | July 23, 2024
The Ultimate Guide to Forex Trading in 2024
Forex trading, also known as foreign exchange trading, is the act of buying and selling currencies in the global market. With over $6 trillion traded daily, it’s the largest and most liquid market in the world. Whether you're a seasoned trader or a beginner, this guide will provide valuable insights to help you succeed in forex trading in 2024.
FBS App Recognized as the Best Trading Application Asia 2024
FBS proudly holds the prestigious title of the Best Trading Application in Asia for 2024, awarded by World Business Outlook. The FBS app is designed for traders who value time, simplicity, balance management, and comprehensive analytics. This all-in-one mobile trading application allows users to trade on the go, offering access to 550+ trading instruments and rapid order execution from just 0.01 seconds.
【MACRO Insight】Biden's Withdrawal and Endorsement of Harris as Candidate Trigger Dual Political and Economic Shocks!
In general, Biden's withdrawal and support for Harris have undoubtedly brought new uncertainty to the market. The fluctuations in the cryptocurrency and gold markets reflect investors' different expectations for future policy directions. As the election approaches, market volatility may further intensify, and investors need to closely monitor political dynamics and their impact on the market.
Key Economic Calendar Events for This Week
This week's key economic events include China's loan prime rate, Indian Union Budget, German Ifo Business Climate Index, and U.S. GDP data, along with U.S. existing and new home sales. These events will significantly impact major currency pairs like EUR/USD, GBP/USD, and USD/JPY, influencing market volatility and trader sentiment based on economic health indicators and central bank policies.
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