Market Welcomes Easter, Will Data Egg-cites Next Week?
In February, economic activity within the U.S. manufacturing sector continued its contraction for the 16th consecutive month in February with the data stood 47.8 against 49.1 recorded in January, according to the Institute for Supply Management (ISM).
Economic data differentiation in Europe and America The US dollar continued to rise on Thursday, while gold hit a new record high
Economic data differentiation in Europe and America The US dollar continued to rise on Thursday, while gold hit a new record high
Dollar Gains on Upbeat U.S. GDP Data
The Dollar surged as upbeat U.S. GDP data, surpassing expectations at 3.4%, fueled speculation of a Federal Reserve pullback on anticipated rate cuts, heightening investor confidence in the currency. Concurrently, safe-haven gold experienced significant bullish momentum as investors hedged portfolios ahead of pivotal events despite the dollar's ascent.
Today's Hot Financial News
Market Review for March 29,2024
MHMarkets：2024.03.28 MHM European Time Analysis
In the forex market, stability was the theme for the U.S. dollar index, holding firm at 104.30. Minor fluctuations were observed across major currency pairs: the Euro slightly weakened against the dollar, closing at 1.0827
Market attention on the direction of the Japanese yen, with the US dollar slightly rising on Wednesday Gold rose 0.74% and recorded three consecutive positive days on the daily chart
Market attention on the direction of the Japanese yen, with the US dollar slightly rising on Wednesday Gold rose 0.74% and recorded three consecutive positive days on the daily chart
U.S. Equity Market Rally Ahead of GDP
the U.S. equity market, led by the Dow Jones, gained more than 1% last night as institutional investors rebalanced their quarter-end portfolios and exhibited enthusiasm for equities.
Trading Hour Schedule Changes for EU/UK Daylight Saving
Please note that in observance of the upcoming Daylight Saving Time in EU/UK , there will be changes to STARTRADER's trading schedule from 31st March 2024.
Today's Hot Financial News
Market Review for March 28,2024
WCG Markets:2024-03-28
WCG Markets:2024-03-28
MHMarkets：2024.03.27 MHM European Time Analysis
In the latest market wrap focusing on the foreign exchange sector, the U.S. dollar index showed minimal movement, holding at 104.31.
MHMarkets：March 27, 2024 Economic Highlights
On Tuesday, due to February's US durable goods orders growth exceeding expectations and an optimistic economic growth outlook for the first quarter in the US, the US dollar index initially fell but then rose, briefly touching below the 104 mark before recovering during the US trading session, closing up 0.07% at 104.29.
Macro data boosted, with the US dollar slightly rising on Tuesday Gold's rise is hindered by the $2,000 mark
Macro data boosted, with the US dollar slightly rising on Tuesday Gold's rise is hindered by the $2,000 mark
EBC Financial Group's Initiative Supports 70 Children in Kuala Lumpur
London-headquartered EBC Financial Group bolsters its CSR efforts, providing essential aid to Pure Life Society Orphanage in Malaysia, benefiting 70 children.
EBC Financial Group Joins United Nations Foundation's United to Beat Malaria 2024 Leadership Summit
EBC Financial Group joins forces with global leaders at the UN’s United to Beat Malaria Summit to accelerate efforts in eradicating malaria worldwide.
Dollar Bolsters by Upbeat Economic Data
The dollar index (DXY) saw an uptick yesterday amid favourable economic indicators, reinforcing the perception of a robust U.S. economy.
Today's Economic Highlight
Market Review | March 27, 2024
MHMarkets：2024.03.26 MHM European Time Analysis
In the foreign exchange market, the U.S. dollar showed a decline against a basket of major currencies, with the dollar index dipping to 104.22.
MHMarkets：March 26, 2024 Economic Highlights
On Monday, the U.S. dollar index gave back some of its gains, briefly approaching the 104 mark, and closed down 0.19% at 104.22. The benchmark 10-year U.S. Treasury yield returned above the 4.2% level, closing at 4.246%, while the 2-year U.S. Treasury yield, most sensitive to Federal Reserve policy interest rates, closed at 4.63%.
Market Trades Dully Ahead of PCE
The market exhibited relative quietness in yesterday's trading session as investors positioned themselves ahead of Friday's release of the PCE index.