Today's analysis: AUDUSD Gains Momentum Amid Hawkish RBA and Technical Resistance.
The AUD/USD is expected to rise due to a softer US Dollar, improved risk sentiment, and the hawkish stance of the RBA, which kept rates at 4.35% and indicated potential near-term hikes. Technically, breaking above 0.6640 could push the pair to 0.6770, despite resistance from the 50, 100, and 200 SMAs on the 4-hour chart and challenges from China's sluggish economy. Key support is at 0.6521.
Financial News Today
Market Review | June 19, 2024
【MACRO Insight】The road to European energy independence is fraught with difficulties as Russia reclaims its position as the largest natural gas supplier
During the Russia-Ukraine conflict, despite Europe's efforts to reduce reliance on Russian natural gas, Russia's gas exports unexpectedly surpassed those of the United States in May, highlighting Europe's challenge in achieving energy independence. European natural gas prices surged 40% in three months due to increased demand in Asia and supply uncertainties. Despite high inventories, supply risks persist. The EU is seeking to diversify its sources and increase storage capacity to cope with mark
Yen Strengthen in Hawkish BoJ Statement
the Japanese yen saw modest gains as the Bank of Japan (BoJ) chief signalled a potential rate hike next month if economic data proves satisfactory.
Market concerns about the European political situation eased, and the US dollar fell on Monday The hawkish speech of the Federal Reserve helped boost the rebound of US bond yields, with gold prices slightly falling. Pay attention to "terrifying data"
On Monday (June 17th), the US dollar index fell slightly during the US market, but remained near its highest point in nearly a month
Today's analysis: USDJPY Poised for Increase Amid Bank of Japan's Strategy
The USD/JPY is expected to rise. The Bank of Japan will keep interest rates between 0 and 0.1% and continue its bond purchase plan but may reduce purchases and raise rates in July based on economic data. Technically, the pair is trending upward with resistance at $158.25 and $158.44, and support at $157.00, $156.16, and $155.93.
Today's Market Updates
Market Review | June 18, 2024
【MACRO Alert】The dominance of economic data in driving the market, the shift in Fed policy guidance, and investors' responses!
the dynamics of the U.S. bond market indicate that the influence of economic data is increasing amidst statements from Federal Reserve officials. Investors need to pay closer attention to the release of economic data and be prepared to respond to the continual adjustments and fluctuations in market expectations.
The French political situation continues to drag down the euro, and the US dollar rose last Friday Gold price recorded its first weekly increase in four weeks
On Friday, June 14th, the US dollar index rose 0.28% to 105.52, the euro fell 0.32% against the US dollar to 1.0703, the pound fell 0.62% against the US dollar to 1.2685
Key Economic Indicators Today
Market Overview | June 17, 2024
DECODE Group Debuts Preview of New Contract-Centric Exchange, Dcex, at W2140 World WEB3 Carnival (Kuala Lumpur) Press Conference
Kuala Lumpur, 12 June 2024 - At the highly anticipated W2140 World WEB3 Carnival press conference in Kuala Lumpur, DECODE Group, represented by guest speaker Lester Boey, was invited to share the company's latest developments and provide an early preview of the upcoming launch of their brand new contract-centric exchange, "Dcex," set to debut in August this year.
【MACRO Insight】The end of the Petrodollar Agreement — Transition in Global Financial Order and Multi-Currency Oil Sales!
Saudi Arabia's 50-year Petrodollar Agreement with the United States has expired, and Saudi Arabia has chosen not to renew it, signaling a transition in the global financial order towards an unknown new model. Saudi Arabia now has greater flexibility to sell oil in multiple currencies, including the Chinese yuan, euro, and Japanese yen, with potential expansion to other currencies in the future.
Market Closure in June
Please be advised that the following instruments' trading hours and market session times will be affected by the upcoming June holidays.
STARTRADER Shines at Colombian Financial Expo, Garnering Widespread Media Praise!
STARTRADER presented its future vision at the Colombian Financial Expo on May 17, 2024, seamlessly integrating it with traditional elegance, thus captivate the broader audience, both within and outside the industry During this expo, STARTRADER showcased not only their creative ideas and embrace of technology but also their appreciation of historic traditions.
US data is weak, but the US dollar still rebounds The gold price once fell below the $2,300 mark
On Thursday (June 13th), due to the hawkish signal released by the Federal Reserve, the US dollar index rebounded and ultimately closed up 0.51% at 105.22.
Dollar Gains on Hawkish Fed Outlook
After digesting Jerome Powell's comments following the FOMC interest rate decision on Wednesday, the dollar erased all its losses from the soft CPI reading, continuing its upward trajectory. The hawkish outlook from the Fed stimulated dollar strength against its peers, while the bullish momentum in equity markets was hindered by the prospect of prolonged high interest rates.
Score Big Wins With PU Prime's Euro 2024 Predictor Games!
Calling all football fans and trading enthusiasts! PU Prime is gearing up for the Euro Cup with a sizzling summer promotion brimming with exciting games, incredible prizes, and a chance to snag a share of a whopping $2,480 prize pool!
AUS GLOBAL is honored to be invited to participate in the United Nations Forum on Science, Technology and Innovation and to deliver a keynote speech
We are pleased to announce that AUS GLOBAL has received an invitation from the United Nations to participate in the United Nations Forum on Science, Technology and Innovation (UNSTI) to be held on June 20, 2024 at the Palais des Nations in Geneva, Switzerland.
Today's analysis: XAUUSD Faces Potential Decline Amid Fed's Rate Uncertainty
Gold (XAU/USD) is predicted to decrease due to a mix of economic factors and technical indicators. Lower-than-expected US PPI and CPI data suggest potential Fed rate cuts, initially supporting gold, but a cautious Fed outlook has pulled prices back. Technically, a bearish Head-and-Shoulders pattern suggests a trend reversal, with a break below $2,279 confirming downside targets at $2,171 and $2,106. However, a rise above $2,345 could challenge this pattern and push prices back toward $2,450.
Rate Roulette: Various Central Banks Gear Up for Decisions
In May, Australia's central bank, the RBA, maintained its interest rate at 4.35%, as widely expected for the fourth meeting in a row. In April, U.S. retail sales stagnated at 0.0%, disappointing expectations and trailing the previous month's figures of 0.0% and 0.6% respectively. In March, the Swiss Central Bank caught markets off guard by becoming the first major central bank to decrease interest rates by 0.25 percentage points, lowering them from 1.75% to 1.50%. In April, the Bank of England..