WCG Markets:2023-08-02
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Optimism (OP) price is trading with a bullish bias, a rather unusual occurrence given the increased token supply in the ecosystem. It comes after a token unlocks event a few hours following this publication, where 3.56% of the total supply was unleashed into the market.
On Tuesday (August 1), spot gold shocked slightly lower during the Asian session, and is currently trading near at $1959.20 per ounce.
On Monday, spot gold fell first and then rose, the plate nearly guarded the 1950 mark, and in the U.S. pre-market hours to open up, the day once rose to $1972.50 of the day's highs, and ultimately closed up 0.3% at $1,965.16 per ounce, and hit four months to the best monthly performance; spot silver with the gold in the U.S. pre-market to pull up, the plate was up more than 2%, and ultimately closed up 1.7%, at $24.76 per ounce.
The BoJ has said that it will not announce any tweak to its yield curve control policy ahead of any changes. They will just change it when it considers this the right time. So this has led some investors to long the JPY ahead of the BoJ meetings this year. However, is that view misplaced?
CEO of Galaxy digital, Mike Novogratz, has commented on the interview of BlackRock's Chief Executive Officer, Larry Fink, with Fox Business. He regards this as a historic moment for the cryptocurrency market, and particularly for Bitcoin.
Ahead of Friday’s OPEC meeting, which oil bulls are counting on to intensify the group’s mantra on production cuts and crude’s five-week rally, what the U.S. government reveals that inventories might be more telling.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Shares in NatWest moved higher on Friday after reporting strong first-half (H1) results.
CWG MarketsThe US dollar rose on Monday Gold prices rose as the best monthly performance in the past four months
WCG Markets:2023-08-01
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Spot gold weakened slightly during the Asian session on Monday (July 31), and is currently trading near $1954.15 per ounce. Although U.S. inflation growth has slowed, it is still above the Federal Reserve's 2% target.
Last Friday, the U.S. dollar index European test 102 mark unsuccessful, and then gave back most of the day's gains, but the end of the day to recover some of the lost ground, and finally closed up 0.01% at 101.7. U.S. bond yields continue to be affected by the impact of the cooling of inflation sharply downward, the two-year U.S. bond yields fell below 4.9% to close at 4.881%; 10-year U.S. bond yields fell below the 4% mark to close at 3.955%.
A rise in inflation can be detrimental to society as basic necessities get more expensive. If you ask the financial sector for advice on how to avoid going bankrupt, they will probably suggest investing. The reason is that, by investing, you can even out your wealth and gain profit from inflation, protecting your purchasing power.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-07-31
WCG Markets:2023-07-31
On Tuesday, the U.S. stock market experienced a positive swing, with investors closely watching earnings reports and eagerly anticipating the outcome of the U.S. Federal Reserve’s interest rate decision.