Fed officials' hawkish speeches stimulated the rise of the US dollar on Tuesday Gold slightly declined, following speeches from Fed officials
On Tuesday (May 7th), the US dollar index steadily rose, dropping to an intraday low of 105.04 before the US market.
Hawkish Fed’s Comment Strengthen the Dollar
the U.S. Dollar Index (DXY) has experienced a resurgence, presently holding above the 105 mark. This strength is supported by a hawkish tone from Federal Reserve officials.
Financial Updates
Market Review | May 8, 2024
Today's Market Spotlight
Market Review | May 8 , 2024
Today's Market Pulse
Market Review | May 8, 2024
The US dollar rebounded slightly on Monday The situation in the Middle East is becoming tense, and the morale of gold bulls is rebounding
On Monday (May 6th), the US dollar index briefly fell below the 105 mark, but later regained all lost ground and turned higher
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Yen Drop on Japan FX Officials Comment
The U.S. equity market continued its upward trajectory, buoyed by growing optimism surrounding potential interest rate cuts by the Federal Reserve later this year, following the release of softer-than-expected nonfarm payroll data last Friday, indicating a slowdown in economic performance.
Today's Spotlight
Market Review | May 7, 2024
Soft NFP Spurs Stock Market
Last Friday saw a notable weakening in the dollar, with the dollar index (DXY) declining to its monthly low following the underwhelming U.S. Non-Farm Payroll (NFP) report, which significantly missed market expectations.
The US non farm data hits the US dollar to fall The weak trend of gold price will be continue
Last Friday (May 3rd), due to a slowdown in US employment growth in April that exceeded expectations and a cooling year-on-year salary increase, the market increased its bets on the Federal Reserve's two interest rate cuts this year.
Market News Today
Market Review | May 6, 2024
RBA and BoE Take Center Stage Amidst U.S. Light Week
During the March meeting, Australia's central bank kept its interest rates steady at 4.35% and adopted a more relaxed approach towards tightening, suggesting growing confidence in inflation reaching its target despite economic deceleration. During the last meeting, the Bank of England maintained its interest rate at 5.25%. Governor Andrew Bailey emphasized the importance of ensuring that inflation returns to the 2% target and remains there, stating that the current situation does not warrant
Trading Hour Adjustment AUDCNH
To improve the trading experience for our clients, we have decided to modify the quote and trading hours for AUDCNH, effective 6 May, 2024.
All Eye Will Be On Today’s NFP
Market attention now shifts to today's U.S. NFP reading, which could provide insights into the Fed's forthcoming monetary policy decisions.
Economic News Today
Market Review | May 3, 2024
Decode Global's CEO Ivan Lew Invited as Key Speaker to Illuminate Investment Pathways at 2024 Family Office Summit
Ivan Lew, CEO of Decode Global, a leading financial services company, was invited as a key speaker at The 2024 Family Office Summit SG organized by Caproasia. Ivan spoke on two pivotal panels: "Managing Family Office (SFO)" and "Managing Core Investments in Family Office".
Dollar Hammers by Dovish Powell Statement
Powell's dovish stance prompted a sharp decline in the strength of the U.S. dollar, while gold prices rebounded on the prospect of a softer dollar.
Today's Financial News
Market Review | May 2, 2024
Dollar Strengthens on Strong U.S. Wage Data
The U.S. dollar surged and equities stumbled following the release of the U.S. employment cost index, which revealed a robust 1.2% increase, the sharpest uptick in a year.