Global market dwindle early Thursday as the US Dollar ignores softer Treasury bond yields and downbeat US employment clues ahead of more US statistics. In doing so, the greenback braces for next week’s FOMC, mainly due to the hawkish comments from US Treasury Secretary Janet Yellen and the recently firming clues about US soft landing.
Celsius, a crypto lending company that declared bankruptcy in 2020, may be able to settle its financial obligations through the sale of its increasing BTC and ETH holdings; however, this has caused discontent among some customers.
USD was bid in Tuesdays session with DXY finding strong support at its 200 Day MA and pushing up to test the big 104 figure before losing steam.
The markets were stunned by gold’s rally in Monday’s Asian session. The spike that drove gold’s price to record high levels tended to underscore the wide volatility characterizing its price action and the possibilities for gold traders. Today we are to discuss the fundamentals that underpinned the rally while also having a look at the challenges laid ahead for the precious metal, and we will be concluding this report with a technical analysis of gold’s daily chart.
U.S. Stocks Rebound, Yen Surges on BoJ Policy Hints
WCG Markets:2023-12-08
At the end of the Asian market on Thursday (December 7), US Treasury Secretary Janet Yellen stated on Wednesday that the bond market's expectations for the Fed's rate hikes or cuts may be a "beneficial supplement" to monetary policy, provided that participants are careful when interpreting the upcoming data.
On Wednesday, the ADP report fell short of expectations reconfirming the softening of the job market, U.S. bond yields continued to sink, the 10-year U.S. bond yields close to the 4.1% mark, which was the lowest level since September 1, closing at 4.167%; more sensitive to the Fed's policy rate of two-year U.S. bond yields retracted all of the day's gains during the session, and ultimately closed up slightly higher at 4.597%.
Aligned with STARTRADER's commitment to fortifying relationships, CEO Mr. Peter Karsten had a successful visit to a South Asian country from November 17th to 19th. The visit was characterized by meaningful interactions with our esteemed business partners and active participation in three impactful events, thereby reinforcing STARTRADER's foothold in the region.
Private sector employment growth in the United States in November was lower than expected Safe haven demand drives the US dollar up
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【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
An In-Depth Look at Stock, Bond, Commodity, and Forex Markets
WCG Markets:2023-12-07
Gold remained steady at approximately $2,040 per ounce on Tuesday following heightened volatility in the previous session. In that session, the price of gold surged by over 5% to surpass $2,140 before undergoing a dramatic reversal and ultimately closing down by 2% around $2,030.
The recent surge in gold prices, reaching an impressive $2,100 per ounce on Monday for the second consecutive day, has become a focal point for investors, hinting at a potential trend that might endure into the forthcoming year. This remarkable ascent is attributed to various pivotal factors expected to significantly influence the performance of this precious metal in the near term.
The GBP/USD held mostly flat on Tuesday before seeing a decline below the 1.2600 handle during the American trading session, slipping to a one-week low and shedding a third of a percent on Tuesday.
In the investment field, precision is of utmost importance, as the saying goes, "A miss is as good as a mile.
Before establishing a successful venture, it is imperative to forge a successful team.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】