Market Insights Snapshot - February 2, 2024
WCG Markets:2024-02-02
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
As expected, the Federal Reserve held steady, leading to wide fluctuations in the U.S. dollar during the session
WCG Markets:2024-02-01
On Wednesday (January 31), Sherrod Brown, Chairman of the Senate Banking Committee and Senior Senator from Ohio, urged the Fed to cut interest rates early this year in a letter to Fed Chairman Powell.
The EU's GDP data was better than expected, leading to a slight decline in the U.S. dollar The Yellow surged initially but then retreated and consolidated
On Tuesday, the U.S. dollar index shook lower, turned higher for a time during the session due to strong employment data, but then returned to the downtrend, and finally closed down 0.072% at 103.4; 10-year U.S. bond yields likewise in the U.S. session briefly pulled up, but continued to fall at the end of the session, refreshing the intraday lows, and ultimately closed at 4.035%; 2-year U.S. bond yields, which are more sensitive to the Fed's policy rates, barely closed up, and closed at 4.339%.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2024-01-31
On Monday, the U.S. dollar index touched a new high during the session since last month's Fed interest rate meeting, but then turned sharply downward, close to retracting all the gains during the day, and finally closed up 0.014% at 103.47; with the U.S. Treasury unexpectedly downgraded the size of the Q1 borrowing is expected to be, U.S. bond yields across the board, long term treasury yields led the decline in the 10-year U.S. bond yields ultimately closed up at 4.076%; The 2-year U.S. bond yi
On Tuesday (January 30), the US dollar index hit a new high since last month's Fed interest rate meeting during trading yesterday, but then turned sharply downwards, close to giving back all of the day's gains, and finally closed near the intraday low at 103.47.
Market demand for safe-haven assets increased With the Japanese yen and gold showing relatively strong performance
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Record Highs in U.S. Stocks, Forex Movements, and Technical Analysis Breakdown
WCG Markets:2024-01-30
On Monday (January 29), the Fed will announce its interest rate statement decision at 3am on Thursday. According to the CME "Fed Watch" tool, the probability of the Fed maintaining interest rates in the 5.25% -5.50% range in February is 96.9%,
Last Friday, the Fed's most favored inflation indicator cooled off more than expected, but the market is concerned that strong personal spending will keep policymakers cautious about cutting rates. The U.S. dollar index rebounded after the release of the PCE data and came close to recovering its intraday losses, eventually closing down 0.023% at 103.46, but recording a weekly fourth consecutive positive; 10-year U.S. bond yields accelerated upward in the U.S. trading session, eventually closing
Demand expectations strengthen, driving up oil prices. Shale oil production activities slow down, leading to increased divergence between the International Energy Agency and OPEC.
U.S. consumers continue to show resilience This might lead the Federal Reserve to stay on hold for a longer period