KVB Market Analysis | 6 August: USD/JPY Recovers from January Lows Amid Recession Fears and Fed Rate Cut Speculation
The USD/JPY pair has rebounded to around 145.40 after dropping to its lowest level since January at 141.68, amid early Asian trading. The US Dollar's decline was driven by recession fears and expectations of significant Federal Reserve rate cuts. The rise in the US Unemployment Rate in July has heightened concerns about a recession, leading markets to anticipate rate cuts of 50 basis points in September and November, and an additional 25 basis points in December.
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The US employment data was significantly weaker than expected, and the US dollar fell sharply last Friday The gold price surged but fell back. Has the bull market reached its peak?
Last Friday (August 2), due to poor non farm payroll data directly igniting market expectations for a 50 basis point rate cut by the Federal Reserve in September
DBG Markets achieves another success! Won the "Best Copy Broker" Award at BrokersView 2024
At this special moment, we, DBG Markets, are very happy to announce that we have won the "Best Copy Broker" award at the BrokersView Awards 2024. This is a recognition of our team's efforts and commitment to excellent service. Thanks to our excellent copy trading solutions and customer satisfaction, we stood out from many participants and won this honor!
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【MACRO Insight】Non-farm Employment Data Falls Short of Expectations! Goldman Sachs Raises Economic Recession Forecast Amid Intensified Market Turmoil!
The release of the U.S. employment report in July has intensified market concerns about the economic outlook. Although institutions such as Goldman Sachs have raised their economic recession risk forecasts, they still believe that the possibility of a recession is limited. Faced with the slowdown in employment growth and the rise in unemployment rate, the Federal Reserve is expected to adopt a more cautious monetary policy to stabilize the market. Investors and policymakers need to closely monit
NFP: Jobs Data Slides Badly Below Consensus with 114,000 New Hires in July. Selloff Ahead?
Stock market is staring into deep losses as investors flee for exits after July jobs data poured cold water on the steady stream of good economic data.Jobs data, the US nonfarm payrollsUSNFP, slipped
NFP Hammers Dollar to 4 Months Low
The aftermath of the Japanese yen's strengthening has manifested in significant dips across multiple markets, including equities, commodities, and various currencies. The yen has erased all its 2024 losses against the dollar, moving towards the 145.00 mark. The dollar index (DXY) has fallen to its lowest level since March, hovering above the $103 mark.
Hot Economic Data Day
Market Review | August 5, 2024
Today's Economic Outlook
Market Review | August 5, 2024
KVB Market Analysis | 5 August: Gold Declines in Early Asian Session Amid Profit-Taking and Market Uncertainty
Gold declined in the early Asian session due to profit-taking after hitting a record high on Friday. The US NFP report showed only 117K new jobs in July, below the expected 175K, signaling a potential increase for XAU/USD. Annual wage growth slowed to 3.7%, easing inflation fears and boosting Fed rate-cut prospects. Rising tensions between Iran and Israel have also increased gold’s safe-haven appeal.
Key Economic Calendar Events for This Week (August 5-9, 2024)
This week's economic events include: Japan's Monetary Policy Minutes and U.S. Services PMI on Monday, impacting JPY and USD. Tuesday's RBA Interest Rate Decision affects AUD, with German Factory Orders influencing EUR. Wednesday sees German Industrial Production and U.S. Crude Inventories impacting EUR and USD. Thursday: RBA Governor speaks, with U.S. Jobless Claims. Friday: China's CPI and Canada's Unemployment Rate affect CNY and CAD.
Global Market Movements and Key Developments: A Weekly Overview
Global markets are fluctuating due to various factors. Japan's stock indices dropped sharply, driven by the yen's surge and tightening monetary policy. Vice President Kamala Harris is meeting potential running mates. Middle Eastern tensions are rising, impacting defense stocks. Venezuela faces post-election turmoil. Neuralink's advancements boost U.S. tech stocks. Indian companies ramp up stock buybacks. Oil prices fluctuate, and regulatory measures target Chinese software in autonomous vehicles
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【MACRO Alert】The Federal Reserve's Interest Rate Cut Expectations and the Turbulent Precious Metals Market, Opportunities and Challenges for Investors!
The easing of global monetary policy, especially the expectation of interest rate cuts by the Federal Reserve, has brought new vitality to the gold and silver markets. Despite some uncertainties, such as the resilience of the US dollar and geopolitical risks, analysts generally have a positive outlook for the long-term prospects of precious metals. Investors should pay close attention to the policy trends of the Federal Reserve and changes in the global economic and political environment when co
Global Market Volatility Amid Central Bank Decisions and Corporate Earnings
The global market is experiencing significant volatility due to uncertainties in economic data and central bank policies. Key highlights include the Nasdaq 100 index's dramatic rise and fall, Amazon's disappointing sales data, and Japan's significant stock market drop following an unexpected rate hike by the Bank of Japan.
Market demand for safe haven has rebounded, and the US dollar rose on Thursday Gold prices fall from two-week high, market awaits non-farm data
On Thursday (August 1st), the US dollar index maintained range volatility, falling nearly 104 points during trading
Sterling Ease on BoE Rate Cut
The BoE's decision to cut rates by 25 basis points came in line with market consensus, leading to a decline in the Pound Sterling
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