Market Closure in June
Please be advised that the following instruments' trading hours and market session times will be affected by the upcoming June holidays.
STARTRADER Shines at Colombian Financial Expo, Garnering Widespread Media Praise!
STARTRADER presented its future vision at the Colombian Financial Expo on May 17, 2024, seamlessly integrating it with traditional elegance, thus captivate the broader audience, both within and outside the industry During this expo, STARTRADER showcased not only their creative ideas and embrace of technology but also their appreciation of historic traditions.
US data is weak, but the US dollar still rebounds The gold price once fell below the $2,300 mark
On Thursday (June 13th), due to the hawkish signal released by the Federal Reserve, the US dollar index rebounded and ultimately closed up 0.51% at 105.22.
Dollar Gains on Hawkish Fed Outlook
After digesting Jerome Powell's comments following the FOMC interest rate decision on Wednesday, the dollar erased all its losses from the soft CPI reading, continuing its upward trajectory. The hawkish outlook from the Fed stimulated dollar strength against its peers, while the bullish momentum in equity markets was hindered by the prospect of prolonged high interest rates.
Score Big Wins With PU Prime's Euro 2024 Predictor Games!
Calling all football fans and trading enthusiasts! PU Prime is gearing up for the Euro Cup with a sizzling summer promotion brimming with exciting games, incredible prizes, and a chance to snag a share of a whopping $2,480 prize pool!
AUS GLOBAL is honored to be invited to participate in the United Nations Forum on Science, Technology and Innovation and to deliver a keynote speech
We are pleased to announce that AUS GLOBAL has received an invitation from the United Nations to participate in the United Nations Forum on Science, Technology and Innovation (UNSTI) to be held on June 20, 2024 at the Palais des Nations in Geneva, Switzerland.
Today's analysis: XAUUSD Faces Potential Decline Amid Fed's Rate Uncertainty
Gold (XAU/USD) is predicted to decrease due to a mix of economic factors and technical indicators. Lower-than-expected US PPI and CPI data suggest potential Fed rate cuts, initially supporting gold, but a cautious Fed outlook has pulled prices back. Technically, a bearish Head-and-Shoulders pattern suggests a trend reversal, with a break below $2,279 confirming downside targets at $2,171 and $2,106. However, a rise above $2,345 could challenge this pattern and push prices back toward $2,450.
Rate Roulette: Various Central Banks Gear Up for Decisions
In May, Australia's central bank, the RBA, maintained its interest rate at 4.35%, as widely expected for the fourth meeting in a row. In April, U.S. retail sales stagnated at 0.0%, disappointing expectations and trailing the previous month's figures of 0.0% and 0.6% respectively. In March, the Swiss Central Bank caught markets off guard by becoming the first major central bank to decrease interest rates by 0.25 percentage points, lowering them from 1.75% to 1.50%. In April, the Bank of England..
Market Updates Today
Market Review | June 14, 2024
OnEquity Unveils New Website: Simplified CFD & FX Trading for Global Markets
OnEquity is a licensed and regulated liquidity solutions provider, offering retail and institutional traders access to a wide range of trading instruments in the global financial markets. With an unwavering commitment to excellence, OnEquity ensures a safe, transparent, and trustworthy trading environment for its clients.
【MACRO Alert】The Fed’s decision-making dilemma? The economic game behind the interest rate decision and CPI data!
The Federal Reserve’s decision-making process is fraught with contradictions and uncertainties. Despite the market’s positive response to improved inflation data, Federal Reserve officials remain cautious about cutting interest rates. They require more data to confirm sustained improvements in inflation while avoiding potential negative consequences of premature rate cuts. During this process, market volatility may intensify, necessitating close attention from investors to Federal Reserve policy
CPI data makes bulls ecstatic Powell's dove faction fell short of expectations The US dollar stabilized and rebounded after a sharp decline
On Wednesday (June 12th), due to lower than expected US May CPI data, the US dollar index plummeted significantly.
Soft CPI Hammers Dollar
the U.S. CPI came in lower than market consensus, indicating easing inflation and boosting risk appetite.
USDJPY Predicted to Rise on Yen Depreciation
The USD/JPY pair is predicted to increase based on both fundamental and technical analyses. Fundamental factors include a potential easing of aggressive bond buying by the Bank of Japan (BoJ), which could lead to yen depreciation. Technical indicators suggest a continuing uptrend, with the possibility of a correction once the price reaches the 157.7 to 160 range.
Today's Financial News
Market Review | June 13, 2024
Developing the Forex Trading Art: Success Strategies
Forex trading, sometimes referred to as foreign exchange trading, is the trading of currencies on the forex market. Open 24 hours a day and among one of the most liquid markets worldwide, dealers exchange pairs of currencies to profit. Success in this financial market depends critically on an awareness of how forex trading operates and on having good trading methods.
【MACRO Insight】Facing the dual risks of 'CPI + Fed,' is the market ready?
Ahead of Wednesday's dual risks event of 'CPI + Fed,' traders are reducing their bets on a rise in U.S. Treasuries. Market data indicates the Fed may maintain high rates for a longer period, contrary to the previous expectation of an easing cycle. Since the release of non-farm payroll data last Friday, open interest in 10-year Treasury futures has decreased by about 80,000 contracts, reflecting traders unwinding bullish bets.
STARTRADER Wins the Best Forex Trading App Award at EMG Publishing
Recently, STARTRADER has proudly secured an award from EMG Publishing. This award stands as a testimony of the team’s continuous dedication to actively listen to the needs of their client, with the hope of addressing these needs in the best ways possible. STARTRADER has recently introduced a trading app that has garnered great praise from clients. Nevertheless, STARTRADER has optimized their APP further so that it has become one of the best online trading apps.
Dollar Calm ahead of FOMC Minutes
The dollar index steadied in the last session, trading above the $105 mark, ahead of the highly anticipated FOMC meeting minutes. Market expectations are leaning towards a more hawkish stance from the U.S. central bank due to a tight labour market. Analysts predict that the Fed is likely to implement two 25 bps rate cuts toward the end of the year, contingent on further evidence that inflation is slowing.
DECODE GLOBAL Wins Multiple Top Broker Awards in BrokersView May 2024 Evaluation
[Singapore, June 11, 2024] — In the latest live trading evaluation released by BrokersView in May 2024, DECODE GLOBAL secured the top spots in the composite rankings in Singapore and Dubai, demonstrating its leading position in the global forex market.