Urgent Notice Regarding Industrial and Commercial Bank's Deposit and Withdrawal Services
Urgent Notice Regarding Industrial and Commercial Bank's Deposit and Withdrawal Services
Choosing the Best Trading Applications: A Guide with Giraffe Markets
Choosing the best trading application is about finding a platform that aligns with your trading style and goals. Giraffe Markets offers an all-encompassing trading experience, tailored to meet the needs of modern traders. With Giraffe Markets, grow higher on your trading journey with the confidence of having a reliable and advanced trading partner by your side.
【MACRO Alert】Is silver poised to take the top spot? Is the driving force behind it once again ‘Made in China’?
During the minute from 21:12 to 21:13 Beijing time on May 28th, the most active COMEX silver futures contract traded 707 contracts, with a total value of $114 million. Spot silver briefly exceeded $32 per ounce for the first time since May 22nd, before slightly pulling back to around $0.5.
Oil prices Bullish As Geopolitical Tension Escalates
Geopolitical tensions in the Middle East have intensified, driving oil prices up by more than 3% since the start of the week
The yield of US treasury bond bonds rose significantly The US dollar rose slightly on Tuesday, Gold price rebounded with three consecutive bullish days
The US dollar index, which measures the US dollar against six major currencies, rose 0.02% on May 28th and closed at 104.614 at the end of the foreign exchange market.
Today's Economic Highlight
Market Review | May 29, 2024
Trading Stock Indices: Strategies for Success in Forex Markets
Trading stock indices in forex markets can be a profitable venture if done correctly. You should choose the right index, use technical and fundamental analysis, and manage risk effectively. It is also essential to stay up-to-date with economic data and news events that can affect the performance of an index. With the right strategies and risk management, you can succeed in stock indices trading.
【MACRO Insight】Gold and silver have become market hotspots, with attention and supply shortages driving the momentum!
On Monday's US session, geopolitical tensions and a weak dollar propelled gold prices, breaking through the $2355 mark, with silver briefly surging by 4%. Analysts at XStreet cautioned that speeches from the Federal Reserve and US first-quarter GDP data will impact gold trading, with the market placing lower bets on Fed rate cuts, potentially exerting selling pressure on gold. Meanwhile, Indian gold imports may decline by nearly one-fifth.
Commodity prices Surge as Geopolitical Tension Rise
he market saw muted activity as both the U.S. and the U.K. observed public holidays in yesterday's session. The dollar index (DXY) edged lower, failing to hold above the 104.50 level. This decline comes as the market anticipates signs of cooling U.S. inflation ahead of the PCE reading due on Friday. Meanwhile, the U.S. Securities and Exchange Commission (SEC) announced a reduction in Wall Street settlement times, aiming to complete transactions in a single day.
Financial News Today
Market Review | May 28, 2024
【MACRO Alert】Long weekend air travel in the United States is becoming a new trend! Meanwhile, the US dollar recently turned net short for the first time!
According to survey data, this year, many American travelers are opting for air travel over traditional road trips during the Memorial Day long weekend, marking an upward trend! On the other hand, bullish sentiment on the US dollar is beginning to retreat, turning net short for the first time in six weeks!
Options Demo Account: A Beginner's Guide to Getting Started
An options demo account is a powerful tool for beginners to venture into the complex world of options trading. By comprehending the basics, leveraging a suitable platform, and practicing with a demo account, you can build the skills and confidence needed for success.
The US dollar fell last Friday Gold hit its largest weekly decline in five and a half months due to weakened hopes of interest rate cuts from the Federal Reserve
On May 24th (last Friday), the US dollar fell against a basket of currencies other than the Japanese yen
Dollar Dips Ahead of Key Data, Fed Insights
The Dollar Index dipped as investors took profits ahead of key economic data and events later this week
CWG Markets Triumphs at 2024 Hong Kong Wiki Finance Expo with "Best Forex Trade Execution"
The highly anticipated Hong Kong Wiki Finance Expo has successfully concluded
Today's Market Updates
Market Review | May 27, 2024
【MACRO Insight】The Japanese economy is facing challenges, and the central bank may raise interest rates to address the depreciation of the yen
Some self-media suggest that Japan's exchange rate may be influenced by the United States, and believe that there is a high possibility of the yen depreciating. They believe that the depreciation of the yen is beneficial for economic development. Despite the political turmoil in Japan, the economy is not easily being "harvested," and businesses benefit from the depreciation of the yen. The depreciation of the yen reflects Japan's long-term economic difficulties, but it is not being "harvested."
DBG Markets Wins "Most Favored Demo Trading Broker" and "Best Forex Trading Experience" at the 2024 Wiki Finance EXPO
On May 17, the 2024 Wiki Finance EXPO concluded successfully at SKY 100 in ICC, Tsim Sha Tsui, Hong Kong. This financial technology event, hosted by WikiGlobal, attracted top figures from the global financial sector to explore the development and future trends of financial technology.
Surprise or Steady? April's Core PCE Data to Set Market Tone
Australian retail sales experienced a greater decline than anticipated in the March quarter, dropping by 0.4% compared to the expected 0.2% decrease. This marked the lowest annual retail sales growth since 2021, excluding pandemic-related impacts. In April, the Conference Board released its CB Consumer Confidence report, revealing a decline in consumer confidence from 103.1 (revised from 104.7) in March to 97.0 in April, against an analyst consensus of 104. The U.S. gross domestic product...
US economic data better than expected The US dollar rose on Thursday, while gold plummeted by nearly 90 dollars
On Thursday (May 23), the US dollar index continued to rebound to a new high for the week, breaking through the 105 mark and rising 0.17% on the same day, ultimately closing at 105.11.