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On the back of the upbeat CB Consumer Confidence reading of 100.4, several Fed governors issued hawkish comments on upcoming monetary policy, which ultimately bolstered the dollar's strength. Despite the Fed's hawkish outlook, the U.S. equity market rallied, driven by Nvidia, the AI bellwether company, which rose approximately 7%, fueling gains in the Nasdaq and S&P 500
Market Review | June 26, 2024
U.S. bond yields rose, and the dollar recovered after hawkish Fed comments, causing gold prices to fall from $2,334. The Fed expects high inflation to persist, delaying rate cuts. Traders await the PCE Price Index. Gold's next support is $2,300, with potential declines to $2,277 and $2,222. Recovery to $2,350 targets resistance at $2,387 and $2,400, but the bearish trend holds below $2,340.10, aiming for $2,272.06.
Market Review | June 26, 2024
Trademax Australia Limited Announces Revocation of Interim Stop Orders
NVIDIA,computing power assets,employment ,housing
On Monday (June 24th), the US dollar index slightly fell, but remained near a new eight week high, ultimately closing down 0.32% at 105.41
Extending its winning streak, global multi-asset Forex and CFD broker, FP Markets, was crowned ‘Most Transparent Broker’ and also took home ‘Best Trading Conditions’ for the second year in a row at the highly anticipated Global Ultimate Fintech (UF) Awards 2024. Following last year’s ‘Most Trusted Broker’ acknowledgement and the ‘Best Trade Execution’ award received in 2022, the FP Markets trophy cabinet now includes five esteemed Global UF Awards.
In the commodity market, gold and oil prices edged higher in the last session mainly due to the easing of the dollar.
Investing in forex can be a thrilling journey, but without the right strategies, it can also be a challenging one. One of the most reliable approaches in the forex market is the buy-and-hold strategy. This long-term investment method is favored by both beginners and experienced traders alike. In this blog, we'll delve into the intricacies of the buy-and-hold strategy in forex trading, and how you can leverage it effectively.
Market Review | June 25, 2024
Market Review | June 25, 2024
Gold prices are rising near $2,315 as US bond yields decline, with expectations of two Federal Reserve (Fed) rate cuts this year due to easing inflationary pressures. The CME FedWatch tool indicates a 66% probability of a rate cut in September, with further cuts expected in November or December. However, the Fed's own projections suggest only one rate cut this year, as policymakers seek sustained inflation declines before normalizing policy.
Forex trading is a dynamic and complex field that requires a strategic approach to maximize profits and minimize risks. With the rise of digital platforms, traders now have access to advanced tools and resources for making informed decisions. In this comprehensive guide, we’ll explore the best methods of analysis for forex trading.
The Japanese government is ready to intervene in the currency market at any time to stabilize the yen, despite facing pressure from the United States' currency watch list. As the yen exchange rate approaches its historical low, the government has implemented large-scale intervention. The Bank of Japan is considering raising interest rates when the inflation rate rises to 2.5%, but there is disagreement within the bank. The depreciation of the yen has a positive impact on inflation, but it also i
Japan's top currency official has heightened concerns by stating that Japanese authorities are prepared to intervene in the currency market around the clock if necessary.
We are honored to share that AUS GLOBAL, as an invited guest of the United Nations forum on Science, Technology and Innovation (UNSTI), successfully completed the important mission of this event on June 20, 2024 at the Palais des Nations in Geneva, Switzerland.The forum brought together dignitaries and renowned business people from around the world to discuss important topics such as global fintech development and environmental protection.
Bank of Japan board members are divided on rate hikes due to high living costs and price risks. Some urge caution, while others push for early action. The BoJ will closely monitor data ahead of potential interest rate adjustments. USD/JPY rallied past 158.40 to 159.00, maintaining a bullish trend towards the next target of 160.20.
After considering various perspectives from Federal Reserve officials, the latest trends in US economic data, and global central banks' monetary policy trends, the conclusion can be drawn: the future direction of US inflation and interest rate policies is fraught with uncertainty. Market expectations suggest that against a backdrop of slowing economic growth, the Fed may cut interest rates this year. Simultaneously, heightened geopolitical tensions have increased demand for safe-haven assets, le
Due to another interest rate cut by the Swiss central bank, the market focused on interest rate differentials between different countries.