The dynamics of the U.S. economy and labor market, as well as changes in inflation expectations, have profound implications for Federal Reserve policy decisions. Market participants are closely monitoring upcoming economic data releases and statements from Fed officials to capture signals of policy direction. Against this backdrop, investors need to prepare for potential market fluctuations and closely watch the Fed's next steps. Meanwhile, trends in housing prices, changes in core CPI, and the
This week's global market analysis covers significant movements and events. Fed Chairman Powell's cautious stance on interest rates impacts the USD. TSMC benefits from Samsung's strike. Geopolitical tensions rise with Putin's diplomacy. PBOC plans bond sales to stabilize CNY. Key economic events include Core CPI, PPI, and Michigan Consumer Sentiment for the USA, and GDP data for the UK. These factors influence currency movements and market sentiment globally.
This week's major events include Powell's cautious outlook on rate cuts, TSMC's gains amid Samsung's strike, and Putin's diplomatic efforts. In China, the PBOC prepares bond interventions, while Korea's Hahn & Co. raises $3.4 billion. Deflationary pressures persist in China. US and European legal and regulatory changes impact market sentiment. Key data releases are NFIB Small Business Optimism, Core CPI, PPI, and Michigan Consumer Sentiment for the USA.
The market remained calm as the Fed's chief delivered a neutral statement, the dollar index (DXY) held near the $105 mark, while Wall Street traded sideways.
Market Review | July 10, 2024
Market Review | July 10, 2024
Market Review | July 10, 2024
Market Review | July 10, 2024
Gold prices have fluctuated as investors anticipate Federal Reserve Chairman Jerome Powell's testimony. Prices edged higher but retreated by over 1% due to reduced buying by the People's Bank of China. Key economic events such as Core CPI, CPI, PPI, and Michigan Consumer Sentiment will significantly impact gold. Geopolitical tensions continue to support safe-haven demand, with the overall sentiment remaining cautiously bullish. Potential movement in gold prices depends on upcoming U.S. economic
This comprehensive overview covers global financial and political developments, highlighting market forecasts, competition in the automotive sector, Hong Kong's wealth management strategies, and geopolitical moves by Hungary. Key events include TSMC's valuation surge, US political dynamics, significant corporate mergers, and inflation expectations. The analysis also touches on macroeconomic trends in Japan, the UK, and Vietnam.
This comprehensive overview covers global financial and political developments, highlighting market forecasts, competition in the automotive sector, Hong Kong's wealth management strategies, and geopolitical moves by Hungary. Key events include TSMC's valuation surge, US political dynamics, significant corporate mergers, and inflation expectations. The analysis also touches on macroeconomic trends in Japan, the UK, and Vietnam.
Jerome Powell’s 2-day testimony at Capitol Hill begins today, and traders will be closely monitoring his statements for insights into the rate cut schedule.
Against the backdrop of a constantly evolving global economic situation, the BOJ's policy adjustments and the prosperity in the tourism industry together mold the country's economic outlook. With the BOJ's bond holdings totaling ¥585 trillion, surpassing the size of the world's fourth-largest economy, bond investors must remain highly vigilant of the BOJ's next moves. Simultaneously, the sustained growth in tourism offers new growth opportunities for Japan's economy, injecting fresh vitality int
On Monday (July 8th), the US dollar index opened slightly higher and then bottomed out and rebounded, hitting the 105 level again, ultimately closing up 0.128% at 105.02.
Market Review | July 9, 2024
Market Review | July 9, 2024
As an investor, you essentially have two main options for growing your money. The first one is a no-brainer. It is low-risk cash savings, typically in a bank account. The method is safe but slow, as banks' interest rates are notoriously low. You can also put your money in stocks. Stocks are riskier but come with higher potential rewards. Some stocks also pay dividends.
Dollars Markets Announces Rebranding with New Logo and Enhanced Brand IdentityDollars Markets, a leader in the forex trading industry, is excited to announce its rebranding initiative. This transforma
Last Friday (July 5th), the US non farm payroll report further highlighted the cooling of the labor market, enhancing the expectation of the Federal Reserve cutting interest rates in the coming months.
The summer of 2024 will see Paris transform into a global focal point as it hosts the grand celebration of the Olympic Games. To ensure you experience this monumental event firsthand, CWG Markets has