Today's analysis: The Federal Reserve's interest rate decision is approaching, putting downward pressure on gold prices.
The Federal Reserve is expected to keep interest rates unchanged, which could support the US dollar and pressure gold prices if a hawkish stance is taken. Gold prices continue to decline after breaking an upward wedge pattern, with a key support level at $2250. The 14-day RSI indicates further potential decline unless prices recover above the 50-day and 21-day moving averages.
Economic News Today
Market Review | June 12, 2024
Key Economic Indicators Today
Market Review | June 12, 2024
Market Watch Today
Market Review | June 12, 2024
【MACRO Alert】Expectations of fluctuations before the release of CPI data, consumer surveys reveal optimistic sentiment!
The Federal Reserve Bank of New York's May consumer survey reveals that American households' optimism about the stock market has reached a three-year high, with the probability of stock prices rising in the next year expected to be 40.5%.
FP Markets Reduces Spreads Across Key Asset Classes
In response to increasing investor demand for more cost-effective trading solutions, FP Markets, a global multi-asset Forex and CFD broker, has further reduced its spreads across various trading instruments.
Surge in Foreign Interest in Chinese Investments: EBC Financial Group (UK) Ltd CEO David Barrett Shares Insights
EBC Financial Group (UK) Ltd CEO David Barrett explores factors driving major investors to Chinese markets, offering his outlook on future growth.
EBC Financial Group and Elite Trader Club Enhance Mosque Facilities and Help 75 Orphans through CSR in Banten, Indonesia
EBC Financial Group, in collaboration with Elite Trader Club, has launched a CSR initiative aimed at repairing mosque facilities and supporting 75 orphans at the Nurul Ibad Child Welfare Institution in Banten, Indonesia. The program also aims to raise awareness about the critical need for educational support for orphans, emphasizing a commitment to social and environmental betterment.
The European Parliament elections led to a rise in the US dollar on Monday Gold rebounded after oversold, with upward resistance starting at $2,320
On Monday (June 10th), due to recent strong US economic data, the US dollar index rebounded slightly.
EBC Financial Group Aids Taiwan Earthquake Relief Efforts
EBC Financial Group mobilizes swiftly to support Hualien communities with essential aid and rebuilding initiatives.
Dollar Steadies as the Market Await for FOMC Minutes
The dollar index is poised at its recent high level, while U.S. equity markets eked out marginal gains as the market awaits Wednesday’s crucial CPI reading and the FOMC meeting minutes.
AUS GLOBAL is organizing the “Lucky Card” event on this Eid al-Adha to express gratitude for the trust and support from our esteemed clients and partners
June 16 to 18, 2024 is the Islamic festival of “Eid al-Adha”, in order to thank and give back our customers and partners for their trust and support in AUS GLOBAL , we sincerely hold the “Lucky Card” event for all customers and partners.
PU Prime Ups Leverage Limit, Downs Stop-out Level
Leading broker PU Prime is shaking things up with a dual approach to enhance customer risk management and trading opportunities. Effective June 17th, 2024.
CWG Commodity Futures Delivery Time
CWG Commodity Futures Delivery Time
Today's analysis: USDJPY Set to Rise Amid Bank of Japan Policy Shift
USD/JPY (USD/JPY), an increase is expected as the Bank of Japan may reduce bond purchases and lay the groundwork for future rate hikes. Technical indicators show an ongoing uptrend with resistance around 157.8 to 160.
Market Watch Today
Market Review | June 11, 2024
Zero Withdrawal Fee
the withdrawal fee in Otet Markets has reached zero percent
Is Option trading Better Than Stocks?
Use stocks as your core holdings and options for tactical plays. Remember, there’s no one-size-fits-all answer. Your investment strategy should align with your financial goals, risk tolerance, and time horizon. Whether you choose stocks, options, or a combination, always do thorough research and consider seeking professional advice.
24K Gold Challenge
Imagine trading gold and winning a real gold bar! It's thrilling to dream about, and even more exciting to make it a reality.
NFP Shocks Market, Triggers Dollar Surge
Last Friday's U.S. Nonfarm Payroll (NFP) report rattled financial markets with a significantly higher-than-expected reading, far surpassing both market expectations and the previous month's figures. The robust job data dashed hopes for an early rate hike from the Federal Reserve, as a tight labour market could potentially spur higher inflation, prompting a more hawkish approach from the Fed regarding monetary policy.