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Global Economic and Political Events Shaping Markets - Part 2
This article continues to explore significant global political and economic developments impacting markets. Key events such as the Democratic National Committee's nomination plans, Japan's political instability, and trade tensions in China influence major currencies and stock indices globally.
Global Economic and Political Events Shaping Markets
This article explores significant global political and economic developments impacting markets. From the US Supreme Court ruling on Trump's immunity to China's production excess and geopolitical tensions in the Middle East, these events influence major currencies and stock indices worldwide.
Weekly Economic Calendar: Key Events Impacting USD, JPY, GBP, EUR, and Gold (XAU)
This week's economic calendar is packed with key events affecting USD, JPY, GBP, EUR, and Gold (XAU). In the USA, watch for Core PCE Price Index, ISM Manufacturing PMI, Initial Jobless Claims, and JOLTs Job Openings. Japan releases the Tankan Large Manufacturers Index and Services PMI. The UK focuses on Manufacturing and Construction PMI, while the Eurozone releases CPI and Services PMI data. Each event's potential impacts on currencies and gold are analyzed for market insights.
US treasury bond yields rose, and the US dollar rose slightly on Monday Federal Reserve Chairman Powell's speech is coming, how is the trend of gold prices?
On Monday (July 1st), dragged down by the rise of the euro at the beginning of trading,
Yen Continues to Slides on Soft Economy Performance
the Japanese yen continued to slide against its peers, market strategists predict that the yen could climb above the 170 mark against the dollar
CWG MARKETS - Holiday Trading Schedule
CWG MARKETS - Holiday Trading Schedule
CWG Commodity Futures Delivery Time
CWG Commodity Futures Delivery Time
Financial News Today
Market Review | July 2, 2024
Insights into Today's Market
Market Review | July 2, 2024
Today's analysis: Gold Prices Maintain Strength Amid Mixed Economic Signals
The U.S. ISM Manufacturing PMI dropped to 48.5 in June, below expectations, but the dollar rebounded after a Supreme Court ruling in favor of Trump. Investors await U.S. job data for hints on potential Federal Reserve rate cuts. Despite rising U.S. bond yields, gold remains strong near $2300. If it breaks above the 50-day moving average of $2337, it could reach $2390-$2400, but faces resistance at $2339.21. A drop below $2323.29 would weaken the bullish signal; watch for a breakout in the $2291.
【MACRO Alert】The shifting political landscape in France has triggered market fluctuations, prompting the European Central Bank to consider initiating TPI to prevent the crisis from spreading!
As the first round of voting in the French National Assembly elections concludes, global investors are once again focusing on this major Western European nation. According to CCTV News, the far-right political party National Rally leads with 33% of the vote in the initial round, followed closely by the left-wing coalition "New People's Front," which garnered 28.5% of the ballots. The ruling party, Renaissance, and the centrist alliance "Together" ranked third with 22% of the votes. This outcome
<Part 2> GTSE Global Market Dynamics: Key Developments
Global markets face significant changes. China's financial sector caps salaries under Xi Jinping's "common prosperity" policy, affecting the yuan and major financial stocks. India's entry into the JPMorgan Emerging Markets Bond Index boosts investment and strengthens the rupee. Nike's weak outlook suggests a U.S. economic slowdown. Japan's yen nears a 40-year low, prompting potential stabilization efforts. Hong Kong faces judicial concerns, impacting its financial stability.
<Part 1> GTSE Global Market Dynamics: Key Developments
Global markets face significant changes. China's financial sector caps salaries under Xi Jinping's "common prosperity" policy, affecting the yuan and major financial stocks. India's entry into the JPMorgan Emerging Markets Bond Index boosts investment and strengthens the rupee. Nike's weak outlook suggests a U.S. economic slowdown. Japan's yen nears a 40-year low, prompting potential stabilization efforts. Hong Kong faces judicial concerns, impacting its financial stability.
Japanese Yen Outlook: USD/JPY, EUR/JPY & GBP/JPY
The yen continues to weaken against major currencies, with USD/JPY potentially climbing above 165. Japan's officials express concerns, hinting at potential intervention. Stable domestic indicators fail to support the yen amid robust USD performance.
Europe Analysis: EUR/USD, GBP/USD, EUR/GBP
The ECB's consumer expectations survey shows mixed economic signals with slight improvements in unemployment expectations but unchanged growth forecasts. The euro faces pressure from a strong USD, while the GBP shows resilience, contributing to the strength of GBP/USD and the decline of EUR/GBP.
Gold Supported by Weak U.S. Data and Inflation Concerns
Gold prices are buoyed by weak U.S. economic data, reduced Fed rate hike expectations, and ongoing geopolitical tensions. The precious metal is set for its third consecutive quarterly gain, with upcoming U.S. inflation data being closely monitored.
Euro Jumps After Legislative Vote Held
The dollar's recent strength was tempered by last Friday's Personal Consumption Expenditures (PCE) reading, which aligned with market expectations. The mixed results of recent U.S. economic indicators have cast uncertainty over the Federal Reserve's upcoming monetary policy moves, although part of the market remains optimistic about an October rate cut.
Today's Economic Indicator
Market Review | July 1, 2024
Today's Market News
Market Review | July 1, 2024
Today's analysis: USD/JPY Rises Amid Yen's Historic Low and Limited Government Intervention
The Japanese Yen has reached a historic low, despite government intervention efforts. This has strengthened the US Dollar Index. USD/JPY hit a multi-decade high, driven by the Yen's weakness. Despite the overbought RSI, traders eye support levels at the 55-day (156.53) and 100-day (153.81) SMAs before challenging new highs.