The US dollar has rebounded from a low level Gold is approaching a new historical milestone
On Monday (August 26th), due to rising geopolitical tensions, the US dollar index rebounded from an 8-month low and ultimately closed down 0.20% at 100.88
Oil Price Soar on Geopolitical Tension
Geopolitical tensions in both the Middle East and Eastern Europe have escalated, oil prices surged nearly 3% in yesterday's session. creating significant unease in the broader financial markets.
Market Reactions to Fed’s Rate Cut Indications Amid Global Economic Tensions
Fed Chair Powell’s confirmation of upcoming rate cuts has triggered mixed reactions across global markets. While Asia’s stock markets rallied on the news, ongoing tensions in the Middle East and cautious central bank policies in China and Singapore have kept investors on edge. Meanwhile, PDD Holdings’ historic stock drop and Nvidia’s anticipated earnings add further uncertainty to the market outlook.
Today’s Financial Forecast
Market Review | August 27, 2024
KVB Market Analysis | 27 August: AUD/USD Holds Below Seven-Month High Amid Divergent Central Bank Policies
The Australian Dollar (AUD) traded sideways against the US Dollar (USD) on Tuesday, staying just below the seven-month high of 0.6798 reached on Monday. The downside for the AUD/USD pair is expected to be limited due to differing policy outlooks between the Reserve Bank of Australia (RBA) and the US Federal Reserve. The RBA Minutes indicated that a rate cut is unlikely soon, and Governor Michele Bullock affirmed the central bank's readiness to raise rates again if necessary to combat inflation.
Market Updates for Today
Market Review | August 27, 2024
WTI crude jumped nearly 3% after the government in eastern Libya announced it would halt all oil production and exports!
The government in eastern Libya has announced it will halt all oil production and exports. Crude oil supply decline, Lido crude oil.
🍀 We are delighted and honored to be part of the training camp organized by #EliteGroupAcademy in Nakhon Ratchasima, a province located in northeastern Thailand. This is the second round, and over 100 people participated in the camp
On behalf of Clovergate Capital, we are proud and honored to support a reputable institution that provides accurate knowledge about the investment market. The camp has helped traders who attended sustain themselves and achieve consistent profits.
Powell turns pigeon to gold bullish The US dollar continues to fall under pressure
The US dollar index fell on the 23rd. The US dollar index, which measures the US dollar against six major currencies, fell 0.78% that day and closed at 100.717 at the end of the foreign exchange market.
【MACRO Insight】Powell’s Jackson Hole Speech: Is the Federal Reserve’s Monetary Policy Entering a Phase of Adjustment?
At the 2024 Jackson Hole Global Central Bank Annual Meeting, Federal Reserve Chairman Jerome Powell's speech provided the market with important clues about the future direction of U.S. monetary policy, emphasizing that the current moment is an appropriate time for monetary policy adjustments and expressing confidence in the return of inflation to the 2% target. Although he remains optimistic about the stability of the job market and the resilience of the economy, he also cautioned the market tha
Global Market Reactions as Fed Prepares for Rate Cuts Amid Rising Geopolitical Tensions
Fed Chair Powell signals upcoming rate cuts, driving bond market speculation and influencing global markets. Asian stocks rise, while yen strengthens due to safe-haven demand. Meanwhile, Australia's central bank faces skepticism over its tightening stance.
KVB Market Analysis | 26 August: Bitcoin (BTC) Breaks Out Above $60,000, Faces Resistance at $72,000
Bitcoin traded above $60,000 on Friday, gaining over 4% this week but staying within a $57,000 to $62,000 range for the past 15 days. On-chain data reveals mixed signals, with institutions accumulating while some large holders are selling. Inflows into US spot Bitcoin ETFs and potential volatility from ongoing Mt.Gox fund movements could impact Bitcoin's price in the coming days.
Spot Gold was up 20 U. S. dollars, the U. S. Index plunged!
Powell's “Loudest interest rate cut” at his annual meeting in Hall, John Hughlings Jackson, was that the time had come for a change in policy and increased confidence in a return to 2 per cent inflation. Does not seek or welcome further cooling of the labour market. The chances of the Fed cutting rates by 50bp in September have risen since Powell's speech, with the rate cut of nearly 100bp remaining stable towards the end of the year. Fed mouthpiece says Powell's turnaround is complete. Interest
Today's Global Economic Outlook
Market Review | August 26, 2024
Investment News for Today's Markets
Market Review | August 26, 2024
Can someone earn $1 million at once on forex trading? If yes, how can this be done?
In conclusion, while it is theoretically possible to make $1 million at once in forex trading, achieving such a remarkable feat requires exceptional expertise, meticulous risk management, and a deep understanding of the complexities of the market. Aspiring traders should approach forex trading with rational expectations, a focus on continuous improvement, and an emphasis on preserving capital as the foundation for long-term success in this dynamic and challenging market.
Type of Accounts Offered by Giraffe Markets
Each type of account is tailored to meet the diverse needs and preferences of traders, ensuring that there's an option suitable for every level of expertise and trading style with Giraffe Markets.
FBS Joins Two Prestigious Financial Events by the End of 2024
FBS is thrilled to announce our participation in two major financial events in Asia – iFX Expo Asia 2024 and Traders Fair Davao!
Global Financial Market Dynamics Amid Geopolitical Tensions and Economic Shifts
Kamala Harris makes history at the Democratic National Convention, while global markets react to central bank policies and geopolitical developments. Alibaba's listing upgrade and Japan's currency movements highlight Asia's financial dynamics. Meanwhile, Russia faces military and economic challenges as Ukraine escalates attacks. Key market players like Uber and Canadian rail companies respond to industry disruptions.
【MACRO Alert】Federal Reserve's Policy Challenges in an Election Year — The Debate Over Interest Rate Cuts and Economic Data Considerations
As the U.S. election approaches, the Federal Reserve faces complex challenges in formulating monetary policy. Kansas City Fed Chairman Schmid emphasizes the importance of needing more economic data before making interest rate cut decisions, while Boston Fed Chairman Collins and Philadelphia Fed Chairman Harker believe that interest rate cuts should start as soon as possible. Adam Posen, President of the Peterson Institute for International Economics, points out that Federal Reserve Chairman Jero