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KVB Market Analysis | 23 August: JPY Gains Ground Against USD as BoJ Signals Possible Rate Hike
JPY strengthened against the USD, pushing USD/JPY near 145.00, driven by strong inflation data and BoJ rate hike expectations. Japan's strong Q2 GDP growth added support. However, USD gains may be limited by expectations of a Fed rate cut in September.
BoJ Holds Firm on Tightening Path Fuels Yen
The Bank of Japan (BoJ) remains on course with its monetary tightening policy, according to the BoJ Chief, following his hearing at the Japan Lower House.
AUS Global Shines at HQ MENA Investment Expo in Mumbai and Wins Best Value Broker Award
AUS Global, a leading provider of forex and trading solutions, is delighted to announce the success of its participation in the HQ MENA Investment Expo held in Mumbai on August 17-18, 2024. As a Diamond Sponsor of this prestigious event, AUS Global had the opportunity to connect with a wide audience of investors and industry professionals, further strengthening its position in the Indian market.
The U.S. dollar index and U.S. Treasury yields rebounded at the same time; gold fell by more than 1%!
The initial value of the US S&P Global Manufacturing PMI in August was 48, which was lower than expected and the lowest in 8 months; the service PMI was 55.2, which exceeded the expected 54. The number of initial jobless claims in the week ending August 17 was 232,000, slightly higher than expected, and the previous value was revised from 227,000 to 228,000. Existing home sales in July increased for the first time in five months. The PMI data was lower than expected, which was bad for the US eco
Today's Market Movers
Market Review | August 23, 2024
Today's Financial Roundup
Market Review | August 23, 2024
Recession Concerns Ease: Can the U.S. Sustain Its Momentum?
The U.S. Conference Board Consumer Confidence Index rose to 100.3 in July 2024, up from a revised 97.8 in June. For Q2 2024, the U.S. GDP grew at an annualized rate of 2.8% in a preliminary reading, a notable increase from the 1.4% growth in Q1 2024. The Eurozone's annual Consumer Price Index (CPI) rose to 2.6% in July 2024, up from 2.5% in June. This slight increase was driven mainly by a jump in energy prices, which rose by 1.3% compared to 0.2% in the previous month. The US Core PCE which...
Showcasing Strength: FPG Fortune Prime Global's Sister Company, FPG Property, Leads the Construction of Parklife Doveton.
FPG Fortune Prime Global's Sister Company, FPG Property, Undertakes the $150 Million AUD Parklife Doveton Project.
Global Market Dynamics: Key Economic Movements and Geopolitical Influences
This week's financial landscape is shaped by Kamala Harris’s record-breaking campaign fundraising, Walmart’s strategic exit from JD.com, and rising market anticipation of the Federal Reserve's rate decisions. Meanwhile, geopolitical tensions and shifts in Asia's economic policies continue to impact global trade and investment flows. Key developments include strong South Korean exports, potential Canadian rail strikes, and the ongoing effects of inflationary pressures in Australia and Europe.
Dovish FOMC Meeting Minutes Hammers Dollar
The dollar continued to face downside pressure following the release of the FOMC meeting minutes. Concerns were raised by FOMC members over potential labour market deterioration, with the majority of the members signalling that a September rate cut might be appropriate. This dovish narrative provided buoyancy to the equity market, as all major U.S. indexes gained in the last session.
KVB Market Analysis | 22 August: Gold Stays Strong Above $2,500 as Fed Rate Cut Hints Loom
Gold prices remain above $2,500, near record highs, as investors await the Federal Open Market Committee minutes for confirmation of a potential Fed rate cut in September. The Fed's dovish shift, prioritizing employment over inflation, has weakened the US Dollar, boosting gold. A recent revision showing the US created 818,000 fewer jobs than initially reported also strengthens the case for a rate cut.
【MACRO Insight】Predicting the Timing and Magnitude of Interest Rate Cuts - The Fed's Monetary Policy and Economic Data Showdown
Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Annual Meeting is highly anticipated, with the market predicting that he will send a signal to cut interest rates to address the slowdown in employment growth and inflation issues. The latest data shows that the U.S. employment market is performing worse than expected, while inflation, although somewhat relieved, is still high. The Fed discussed the possibility of rate cuts in the July meeting minutes, which has attracted high a
Commodity Trading for Beginners: A Comprehensive Guide
At Giraffe Markets, we provide the tools and resources to help you confidently navigate the commodity markets. Whether you're interested in trading gold, oil, or agricultural products, our platform offers a seamless experience for new and experienced traders.
FED meeting minutes strongly hint at a rate cut in September; US dollar index falls to new low this year!
The U.S. Bureau of Labor Statistics revised down the employment growth in the year ending in March by 818,000, an average monthly decrease of about 68,000, the largest downward revision since 2009. The substantial downward revision of employment data re-emphasized the severity and necessity of the U.S. employment problem, paving the way for a rate hike in September. Bearish for the U.S. dollar.
The number of new jobs added in the United States has significantly decreased, and the US dollar fell on Wednesday The meeting minutes lean towards a rate cut in September, with gold prices staying above the $2,500 mark
On Wednesday (August 21), the US dollar index fell for the fourth consecutive trading day, briefly breaking through the 101 level during trading, hitting a new low for the year, and finally closing down 0.191% at 101.17.
Economic Highlights Today
Market Review | August 22, 2024
Financial Forecast Today
Market Overview | August 22, 2024
FBS IB Program Named the Best Globally
The FBS Partnership Program earned the title of the Best Introducing Broker Programme 2024 from the World Finance Awards.
【MACRO Alert】Wall Street's New "Gold Rush" Continues! Silver Emerging as Investors' New Favorite!?
In the current financial climate, the importance of gold and silver as safe-haven assets is becoming increasingly evident. The surge in gold prices and the potential rise in silver prices offer new investment opportunities for investors. As global economic uncertainty increases, along with rising geopolitical risks, the appeal of gold and silver may be further enhanced. Investors should closely monitor market dynamics and seize investment opportunities to preserve and increase the value of their
New employment data in the United States may be lowered, and the US dollar fell significantly on Tuesday Gold prices continue to hit historical highs, pay attention to meeting minutes and employment correction data
Due to market expectations that the data on newly added jobs in the United States may significantly decrease in the early stage, the US dollar weakened against a basket of currencies on the 20th.
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