Quick Overview Traders Anticipate Lows: Many are building short positions on EUR/USD, preparing for potential lows near last year’s $0.9535 Bank of America’s Forecast: Only a 10% chance of the euro hitting $1.00 in the next six months, dependent on ECB and Fed rate policies Economic Factors: The US shows strong growth and persistent inflation, …
Euro-Dollar Dynamics: Strategic Currency Maneuvers Read More »
At a Glance Geopolitical Tensions Drive Safe-Haven Assets: Israeli strikes in Iran prompt investors to favour stable investments like gold, reflecting heightened market uncertainty Stocks and Currency React: U.S. stock indices and currency pairs fluctuate, with the dollar holding strong, indicating a shift towards conservative investment strategies Commodities as Refuge: Gold and crude oil prices …
Market Turmoil and Safe Havens: An In-Depth Guide Read More »
Quick Look Auction Postponed: Vietnam’s auction of 17,000 taels of gold was delayed due to a lack of participant registration; Gold Price Surge: Local gold prices soared to approximately $4,428 per tael, a 15% increase over the past year; Regulatory Dynamics: Calls for reform in Vietnam’s gold regulations amidst a tight supply controlled by the …
Postponed Gold Auction: Shifting Dynamics in Vietnam Read More »
Quick Look: EUR/USD fell below 1.0635, setting new lows since last November; USD/JPY reached its highest level since 1990, showing strong dollar demand; GBP/USD is under pressure, possibly dropping to 1.2325; Fed’s rate hikes total 525 basis points since March 2022; U.S. federal debt is projected to reach $40 trillion by the end of 2025. …
April 2024: Key Currency Movements & Economic Shifts Read More »
Quick Look: February saw core machinery orders jump 7.7%, surpassing expectations. Year-on-year capital spending fell by 1.8%, but less than forecasted. Bank of Japan ends negative interest rates, boosting economic outlook. Wages are rising, potentially fuelling more capital investment. External pressures like Middle East tensions impact economic stability. In what turned out to be a …
February’s 7.7% Jump in Japan’s Machinery Orders Read More »
Quick Look: PBOC sets the yuan reference rate at 7.2372, with a +/-2% fluctuation limit. Two billion yuan injected via 7-day reverse repos; net 2 billion yuan drained. 100 billion yuan placed in markets through a one-year MLF; 70 billion yuan net drain. LPR is expected to adjust due to the alignment of the usual …
China’s New Yuan Rate: Precision Amid Fluctuations Read More »
Quick Overview: A suspected Israeli strike on the Iranian consulate in Damascus killed seven IRGC officers. Iran retaliated with missile and drone attacks on Israel, impacting the economy. UN Security Council and G7 convened due to the threat to regional stability. Israel intercepted 99% of the over 200 threats, showcasing military preparedness. Global responses vary, …
April’s Israeli-Iranian Conflict: 7 Dead, Market Crash Read More »
Quick look Asset managers are bullish on USD, speculators bearish, signalling divergent views. EUR/USD futures indicate growing pessimism among major traders. The disparity in Indices Futures suggests a possible market correction. Gold and WTI Crude Oil Futures remain bullish, with the potential for further price increases. EUR/USD shows a neutral intraday bias with critical support …
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