Stocks, Forex, and Commodities Recap for September 4th, 2023
As a dynamic and ever-changing market, forex trading relies heavily on understanding trends to make informed decisions.
WCG Markets:2023-09-05
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The gold market surged during Friday's trading session following the release of the non-farm payrolls report. This development provides valuable insights into underlying inflation trends. Keeping an eye on average hourly wages in the U.S. can reveal important indicators of inflation dynamics.
Friday's non-farm report was in line with a "soft landing" trend, but the dollar index quickly rebounded from the day's low to close up 0.64% at 104.28 as Cleveland Fed President Loretta Mester "hawked" again, hinting at continued tightening.
Non-farm data shows a slowdown in the US economy But the US dollar continues to rise
WCG Markets:2023-09-04
Key Analysis and Trends for Bitcoin, Forex, Stocks, and Commodities
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Please be advised that the following instruments' trading hours and market session times will be affected by the upcoming September holidays.
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【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Thursday, the Fed's preferred core PCE price index rose slightly as expected, but inflation-adjusted personal consumption expenditures rose more than expected. The dollar index bounced back from Wednesday's two-week low to end up 0.5% at 103.65.
On Friday (September 1), spot gold has suddenly seen a rapid decline in a short term during the Asian market and the gold price has just fallen below the $1940 per ounce mark. The U.S. August non-farm payrolls report is scheduled to come out at 20:30 Beijing time on Friday. Authoritative media surveys show that the U.S. August non-farm payrolls is expected to increased by 170,000, following an expected increase of 187,000 in July.
Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly.
The US economic data is mixed, waiting for non-farm employment data to measure the prospects of Fed policy US bond yields fell while the US dollar rose
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WCG Markets:2023-09-01
A snapshot of Thursday's forex market trends, including the U.S. dollar's rebound, Eurozone inflation data, and Bitcoin's price movement.