Alibaba Drops After Daniel Zhang, The Cloud Unit CEO, Quits Unexpectedly
On Monday in Hong Kong trade, shares of Alibaba Group dropped after the e-commerce behemoth said that Daniel Zhang, the outgoing chief executive, would also step down as its cloud unit’s head.
MHMarkets：The U.S. dollar was back below key levels, non-U.S. currencies were stronger than precious metals, and U.S. crude oil is steadily strengthening!
On Monday (September 11), gold price rose, setting its best trading day in nearly a week and a half. The dollar retreated ahead of this week's key inflation data, which could influence the Fed's interest rate decision later this month.
MHMarkets：September 12, 2023 - Fundamental Reminder
On Monday, the dollar index fell below the 105 mark, falling as low as 104.42 during the day, before closing down 0.51% at 104.51. Treasury yields remained ranged, with the two-year yield failing to rise above 5% to close at 4.993% and the 10-year yield at 4.292%.
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Stable inflation expectations for US consumers in August The US dollar fell, while gold prices slightly rose
Stable inflation expectations for US consumers in August The US dollar fell, while gold prices slightly rose
WCG Markets:2023-09-12
WCG Markets:2023-09-12
09/11 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：The U.S. dollar fell sharply intraday, non-U.S. currencies and precious metals strengthened, and both bulls and bears of US crude oil were tired!
Last Friday (September 8), spot gold prices fell slightly to close at $1,918.65 per ounce. Due to the increasing expectations of the Fed tightening policy, US yields have slightly increased, with precious metals falling sharply last week, silver falling 5%, and gold falling nearly 1%.
MHMarkets：September 11, 2023 - Fundamental Reminder
On Friday, after falling to an intraday low of 104.66 on another sign of strength in the U.S. economy, the dollar index recovered all its losses and turned positive. It ended up 0.01% at 105.05, notching its eighth weekly winning streak in nine years. In addition, the dollar opened the week 90 points lower against the yen on speculation about the BOJ governor.
On Monday, Bank of Japan Governor Kazuo Noda released an important signal that negative interest rates may end, and the yen strengthened against major currencies across the board;
On Monday, Bank of Japan Governor Kazuo Noda released an important signal that negative interest rates may end, and the yen strengthened against major currencies across the board;
WCG Markets:2023年09-11
WCG Markets:2023年09-11
Daily Market Newsletter
Global Market Insights for September 11, 2023
Weekly News 22023/09/04-2023/09/08
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
09/08 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
USDJPY tracks yields to retreat from yearly top as Japan intervention, BoJ loom
Sentiment remains dicey on early Wednesday as traders consolidate the previous day’s losses amid mixed catalysts. Also adding filter to the trading moves could be fears of market intervention by Japan and China, as well as cautious mood ahead of the top-tier data in the Eurozone, and US, not to forget the Bank of Canada (BoC) monetary policy meeting decision.
Gold Price Starts Downside Correction, $1,915 Is The Key
The value of Gold encountered opposition approaching the $1,950 area compared to the US Dollar. Its valuation reached a high close to $1,952 before embarking on a downward adjustment recently.
ECB keeps intrigue on monetary policy
Members from the European Central Bank have issued a cautionary statement to investors. Those anticipating that the bank won't increase the interest rate the following week should be aware that this matter isn't settled yet, and there's still the possibility that the rate may raise.
MHMarkets：The U.S. dollar retreated slightly, non-U.S. currencies and precious metals began to rebound, and U.S. crude oil consolidated in a relatively high range!
On Friday (September 8), spot gold rebounded slightly during the Asian session, and is currently trading near $1925.29 per ounce. Although overnight data showed that the number of U.S. initial jobless claims last week unexpectedly fell to the lowest level since February, the number of renewed jobless claims fell to the lowest level since July, and the U.S. dollar index once refreshed nearly six months of highs to 105.16, the dollar index has now retracted all of Thursday's gains. Because the Fed
MHMarkets：September 08, 2023 - Fundamental Reminder
After Wednesday's ISM non-manufacturing index showed the services sector remained strong, Thursday's initial jobless claims hit a half-year low and showed the labor market remained resilient, again reinforcing market expectations of Fed tightening. The dollar index stood above the 105 mark and closed up 0.19% at 105.07.