FED meeting minutes strongly hint at a rate cut in September; US dollar index falls to new low this year!
The U.S. Bureau of Labor Statistics revised down the employment growth in the year ending in March by 818,000, an average monthly decrease of about 68,000, the largest downward revision since 2009. The substantial downward revision of employment data re-emphasized the severity and necessity of the U.S. employment problem, paving the way for a rate hike in September. Bearish for the U.S. dollar.
The number of new jobs added in the United States has significantly decreased, and the US dollar fell on Wednesday The meeting minutes lean towards a rate cut in September, with gold prices staying above the $2,500 mark
On Wednesday (August 21), the US dollar index fell for the fourth consecutive trading day, briefly breaking through the 101 level during trading, hitting a new low for the year, and finally closing down 0.191% at 101.17.
Economic Highlights Today
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【MACRO Alert】Wall Street's New "Gold Rush" Continues! Silver Emerging as Investors' New Favorite!?
In the current financial climate, the importance of gold and silver as safe-haven assets is becoming increasingly evident. The surge in gold prices and the potential rise in silver prices offer new investment opportunities for investors. As global economic uncertainty increases, along with rising geopolitical risks, the appeal of gold and silver may be further enhanced. Investors should closely monitor market dynamics and seize investment opportunities to preserve and increase the value of their
New employment data in the United States may be lowered, and the US dollar fell significantly on Tuesday Gold prices continue to hit historical highs, pay attention to meeting minutes and employment correction data
Due to market expectations that the data on newly added jobs in the United States may significantly decrease in the early stage, the US dollar weakened against a basket of currencies on the 20th.
Eye on Today’s FOMC Meeting Minutes
Wall Street took a pause in the last session, with all three major indexes remaining relatively flat as investors awaited the highly anticipated FOMC meeting minutes.
Global Markets and Geopolitical Developments: Key Highlights
Former President Obama’s speech at the Democratic National Convention bolstered Kamala Harris's campaign. Walmart plans to sell JD.com shares, ending an 8-year partnership, while Chinese cities slashing new home prices stir market fears. The Fed’s anticipated rate cuts drive aggressive bond trading. In international news, U.S. and Israeli officials work on Gaza ceasefire talks, and Japan’s export growth accelerates, fueled by a weaker yen.
AUS GLOBAL is invited to the gala event for the 45th President of the United States, Donald J. Trump
We are very honored to announce that AUS GLOBAL has been invited to the gala event hosted by Donald J. Trump. The event will be held on August 29, 2024 (US time) in the beautiful town of Park City, Utah, USA.
Latest Market News
Market Review | August 21, 2024
Today's Market News
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KVB Market Analysis | 21 August: USD/JPY Stalls Near 145.50 Amid Diverging Economic Indicators
USD/JPY holds near 145.50, recovering from 144.95 lows. The Yen strengthens on strong GDP, boosting rate hike expectations for the Bank of Japan. However, gains may be limited by potential US Fed rate cuts in September.
Breakthrough again! Gold breaks through $2530 to set a new record high!
Spot gold continued its record-breaking rally as investors gained confidence that the Federal Reserve might cut interest rates in September and gold ETF purchases improved. The U.S. market hit a record high of $2,531.6 per ounce
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GTCFX Chief Analyst Featured on CGTN: Rising Expectations of Federal Reserve Rate Cuts and Renewed Debate on Real Estate Bubble
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GTCFX Shines at Money Expo India 2024: A Triumph in Financial Services
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【MACRO Insight】Shifts in Economic Data and Policy Expectations Drive a Dual Recovery of the Japanese Stock Market and Currency
although market expectations for the Bank of Japan to raise interest rates further in the short term have declined, some large investors and asset management companies still bet on the continuation of tightening policies. At the same time, the global financial market is closely watching the policy direction of the Federal Reserve, expecting it to start cutting interest rates in September. Against this backdrop, the trend of the yen exchange rate and Japanese government bond yields will be affect
Global Economic Dynamics
The global economy is displaying complex regional dynamics. While U.S. retail sales and employment data highlight economic resilience. Meanwhile, geopolitical tensions, such as the Israel-Gaza ceasefire talks, and central banks' divergent strategies add further uncertainty. Investors remain cautious, balancing potential opportunities in emerging markets with risks from global economic shifts.
Dollar Pressures by Dovish Fed Remark
The Dollar Index (DXY) remains under pressure as dovish comments from multiple Federal Reserve officials suggest the possibility of a rate cut in the near future.