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Asian market review Wednesday, as Trump announced that the US will meet with Iran next week, risk aversion sentiment eased, and the market generally expects the Federal Reserve to resume its interest rate cut cycle soon. As of now, the US dollar is priced at 9...
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Israel-Iran may re-emerge war! Trump considers undermining Powell
On Thursday, June 26, spot gold trading around $3,337/ounce, gold prices remained stable on Wednesday, market participants remained cautious before the release of key U.S. economic data, and a ceasefire between Iran and Israel affected safe-haven demand, Trump...
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US-Iran negotiations & the new head of the Federal Reserve compete, where will t
On June 26, in the early trading of Asian market on Thursday, Beijing time, the US dollar index hovered around 97.49. On Wednesday, the US dollar index finally closed down 0.27% at 97.71 points as Trump announced that the US would meet with Iran next week, ris...
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The dollar hits a four-year low, waiting for US PCE data
In the Asian market on Thursday, the US dollar index continued to decline, setting a low since March 2022. Weaker U.S. dollar and falling U.S. Treasury yields are usually good for gold as it reduces the opportunity cost of holding interest-free assets. However...
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A collection of positive and negative news that affects the foreign exchange mar
1. Some internal differences within the Federal Reserve are intensifying, and short-term support and long-term pressure coexist. Fed officials have recently disagreements over the path of interest rate cuts, becoming the core variable affecting the trend of th...
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Powell remains patient, analysis of short-term trends of spot gold, silver, crud
Global Market Review 1. European and American market trends. The three major U.S. stock index futures rose and fell. Dow futures fell 0.08%, S&P 500 futures rose 0.03%, and Nasdaq futures rose 0.16%. The German DAX index fell 0.52%, the UK FTSE 100 index fell ...
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The dollar is hovering below 98, waiting for Powell to speak the next day
Financial markets remained relatively calm earlier on Wednesday after volatility on Tuesday. In the second half of the day, new home sales data for May will appear in the US economic calendar. In addition, Fed Chairman Jerome Powell will speak before the Senat...
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The dollar is out of favor vs. the euro rises, the Fed has to wait for interest
Asian market review Tuesday, as Trump announced a ceasefire in Iraq hit safe-haven buying, the US dollar index continued to fall nearly 0.50% in the Asian and European sessions, losing to the 98 mark. As of now, the US dollar price is 97.93. A review of the fu...
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