The BoJ has said that it will not announce any tweak to its yield curve control policy ahead of any changes. They will just change it when it considers this the right time. So this has led some investors to long the JPY ahead of the BoJ meetings this year. However, is that view misplaced?
CEO of Galaxy digital, Mike Novogratz, has commented on the interview of BlackRock's Chief Executive Officer, Larry Fink, with Fox Business. He regards this as a historic moment for the cryptocurrency market, and particularly for Bitcoin.
Ahead of Friday’s OPEC meeting, which oil bulls are counting on to intensify the group’s mantra on production cuts and crude’s five-week rally, what the U.S. government reveals that inventories might be more telling.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Shares in NatWest moved higher on Friday after reporting strong first-half (H1) results.
CWG MarketsThe US dollar rose on Monday Gold prices rose as the best monthly performance in the past four months
WCG Markets:2023-08-01
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Spot gold weakened slightly during the Asian session on Monday (July 31), and is currently trading near $1954.15 per ounce. Although U.S. inflation growth has slowed, it is still above the Federal Reserve's 2% target.
Last Friday, the U.S. dollar index European test 102 mark unsuccessful, and then gave back most of the day's gains, but the end of the day to recover some of the lost ground, and finally closed up 0.01% at 101.7. U.S. bond yields continue to be affected by the impact of the cooling of inflation sharply downward, the two-year U.S. bond yields fell below 4.9% to close at 4.881%; 10-year U.S. bond yields fell below the 4% mark to close at 3.955%.
A rise in inflation can be detrimental to society as basic necessities get more expensive. If you ask the financial sector for advice on how to avoid going bankrupt, they will probably suggest investing. The reason is that, by investing, you can even out your wealth and gain profit from inflation, protecting your purchasing power.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-07-31
WCG Markets:2023-07-31
On Tuesday, the U.S. stock market experienced a positive swing, with investors closely watching earnings reports and eagerly anticipating the outcome of the U.S. Federal Reserve’s interest rate decision.
Stock exchanges maintain a bullish stance again also this week, albeit facing a slight contraction due to some disappointing quarterly earnings (Goldman Sachs, Netflix, Tesla) and for the new Nasdaq rebalancing rule
The Federal Reserve is widely expected to raise the target range for the federal funds rate by 25 bps to 5.25%-5.5% in July 2023, raising borrowing costs to the highest level since January 2001 and resuming the tightening campaign.
Spot gold traded in a narrow range at $1,951.74 per ounce during the Asia period on Friday (July 28). Gold was on track for its biggest weekly drop in five weeks after strong U.S. economic data drove a rally in the dollar and bond yields in a high-rate environment.
Pre-market data on Thursday showed US GDP growth unexpectedly accelerated in the second quarter and durable goods orders rose much faster than expected in June, raising expectations of a "soft landing"; Separately, the European Central Bank signaled it may not raise rates further after raising rates by 25 basis points as scheduled.
In recent years, it is not difficult to find that China's monetary policy has not simply followed the pace of major developed economies in the world. On the contrary, it has adhered to the principle of "taking me as the mainstay", which not only greatly enhanced its autonomy, but also effectively improved its economic benefits.