Global Market Impacts from Political, Economic, and Corporate Developments
President Biden's withdrawal from the 2024 race, China's new housing model and developer crisis, and the strength of the Singapore dollar are impacting global markets. Australia's reverse mortgage use is up, Taiwan's top tech fund is bullish on AI, and geopolitical tensions ease between the Philippines and China. Major corporate moves include Woodside Energy's acquisition, Boeing's internal reforms, and India's auto market growth. Additionally, the UK and Indian central banks face scrutiny over
Biden’s Election Withdrawal Bolstering Dollar?
Biden's withdrawal from the upcoming U.S. presidential election has thrown a stun grenade into the market, with most asset classes standing pat as investors digest the event.
The US dollar index fluctuated and rose, ending two consecutive weeks of bearish candlesticks The gold price once fell below $2,400, but it still has strong resilience and cannot be overly bearish on the future trend
Last Friday (July 19th), investors were concerned about digital currencies due to global network failures
Key Economic Indicators Today
Market Review | July 22, 2024
Insights and Analysis for Today's Markets
Market Overview | July 22, 2024
Today's analysis: USD/JPY Eases Below 157.50 Amid Yen Gains and Treasury Yield Impact
USD/JPY trades below 157.50 due to Yen strength after warnings from Japanese authorities, despite US Dollar strength and rising US Treasury yields. Suspected intervention pushed the pair to a one-month low, with traders cautious of further actions. Slight improvements in US Treasury yields support the Dollar, but expectations of a Federal Reserve rate cut in September may limit gains.
DBG Markets: A Journey of Team Spirit and Trading Skills Enhancement in Hanoi
From July 2 to 6, DBG Markets organized a wonderful training and team-building event in Hanoi. This event aimed not only to enhance the trading skills of IBs and clients but also to strengthen the cohesion of the DBG Markets family, bringing more warmth and joy.
Exclusive Invitation: GTCFX Dubai Golf Retreat
Exclusive Invitation: GTCFX Dubai Golf Retreat
【MACRO Alert】Spot Gold's Downtrend Continues, Balancing Employment and Inflation Targets Become the Federal Reserve's New Mission
On July 19th, the gold market experienced significant fluctuations on Friday, with spot gold prices temporarily falling below $2,430 per ounce, a daily decline of 0.62%. At the same time, spot silver also fell by 1%, trading at $29.51 per ounce. On the COMEX gold futures market, huge trades occurred frequently, for example, within just one minute, there were hundreds of contracts traded, with a total value reaching hundreds of millions of dollars.
Global Market Impacts from Political, Economic, and Corporate Developments
Global Market Impacts from Political, Economic, and Corporate Developments
The US dollar rebounded from its low in the past four months Gold price returns to high levels
On Thursday (July 18th), due to the Philadelphia Fed's manufacturing index for July being higher than expected
Wall Street Faces Headwind and Plummet
Wall Street Faces Headwind and Plummet
AUS GLOBAL congratulates Real Betis players Guido Rodríguez and Pezzella on winning the Copa America with Argentina
AUS GLOBAL, as sponsor of Real Betis, congratulates Pezzella and Guido Rodríguez on winning the Copa America with Argentina, another great achievement for the club and the national team!
Fed Rate Cut Locked In? All Eyes on PCE!
The latest S&P Global US Manufacturing PMI for June 2024 has been revised to 51.6, slightly lower than the expectation of 51.7 but up from 51.3 in May. In its most recent decision in June, the Bank of Canada (BoC) reduced its key interest rate by 25 basis points, lowering it from 5% to 4.75% in response to easing inflation indicators. In the first quarter of 2024, the US economy expanded at an annualized rate of 1.4%, slightly surpassing market expectations of 1.3%. This growth marked a...
Insights into Today's Markets
Market Review | July 19, 2024
Investment News for Today's Markets
Market Review | July 19,2024
【MACRO Insight】Is Japanese Authorities' Intervention an Exchange Rate Stabilizer, Catalyst, or a Source of Market Tension?
As the Bank of Japan's monetary policy meeting on July 31st approaches, market attention to the yen exchange rate will further increase. The Bank of Japan's decision, whether to raise interest rates or maintain the status quo, will have a profound impact on the global foreign exchange market. Against the backdrop of increasing global economic uncertainty, fluctuations in the yen exchange rate may become more intense. Therefore, market participants need to closely monitor the policy trends of the
The US dollar expands its downward space on Wednesday Gold prices hit a new historical high before falling sharply
On Wednesday (July 17th), due to signs of weakness in the US economy, expectations of a Federal Reserve interest rate cut rebounded
Europe Analysis: EUR/USD, GBP/USD, EUR/GBP
EUR/USD is mixed to bearish, influenced by resistance levels and upcoming data. GBP/USD is bullish with the pound at four-month highs on positive UK data and hawkish BoE comments. EUR/GBP remains volatile, reflecting diverging economic conditions in the Eurozone and the UK.
Global Economic and Financial Highlights: July 18, 2024
Today's news covers significant developments in global markets and politics. President Biden's campaign faces challenges due to a COVID-19 diagnosis, while China's economic strategies and tech advancements remain in focus. Key updates include the impact of US semiconductor restrictions, rising tensions in global trade, and significant shifts in corporate strategies and financial markets. The news reflects the dynamic and interconnected nature of the global economy.
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