Key Takeaways from Trading Central's Analysis
WCG Markets:2024-03-11
In the realm of foreign exchange markets, the U.S. dollar exhibited a decline against a basket of major currencies, influenced by Federal Reserve Chairman Jerome Powell's dovish remarks on potential rate cuts.
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外汇,英镑,美元,欧元,原油,黄金,白银,美股, XAU/USD,AUD/USD,EUR/USD,XAG/USD,GBP/USD,NZD/USD, USD/CHF, USD/CAD, USD/JPY
US first-time unemployment benefits unchanged. USD falls, gold rises, non-farm data pending.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Thursday, influenced by Powell's dovish remarks, the US Dollar Index weakened, falling to a more than six-week low, closing down 0.54% at 102.81.
WCG Markets:2024-03-08
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
In the forex market, the U.S. dollar experienced a decline against major currencies following Federal Reserve Chair Jerome Powell's announcement that interest rates would be lowered this year, with the dollar index dropping to 103.36.
On Wednesday, the US Dollar Index experienced fluctuations during the Asian and European sessions, but weakened during the US session, closing down 0.398% at 103.37, following Powell's statement on Capitol Hill about a potential rate cut later in the year.
Powell says rates to be cut this year, US dollar falls; gold prices rise, hit new highs.
On Wednesday, U.S. stocks rebounded, recovering a part of losses caused by the prior session's sell-off. The Dow Jones Industrial Average rose 75 points (+0.20%) to 38,661, the S&P 500 climbed 26 points (+0.51%) to 5,104, and the Nasdaq 100 was up 119 points (+0.67%) to 18,017.
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WCG Markets:2024-03-07
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【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
In the forex markets, the U.S. dollar showed weakness against a basket of major currencies, influenced by the market's anticipation of a Federal Reserve interest rate cut in June, bringing the dollar index down to 103.75.
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