Analysis
Why Isn't the Media Discussing the Basel III Act and Its Potential Impact on Gold Prices?
With gold reaching near-record highs and witnessing a surge in demand for gold ETFs worldwide, it has become a focal point. However, amidst this bullish momentum, year-to-date net outflows of $5.4 billion suggest a nuanced market sentiment, indicating that some investors are taking advantage of the elevated prices.
ACY Securities
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2 days ago
USD/JPY Still Has Room to Come Back and Revisit Highs of 160.00!!
The BoJ and MoF appear to be at odds regarding further policy rate hikes. While the MoF sought the BoJ's exit from the negative interest rate policy to advance its goal of implementing a stringent fiscal policy, the prospect of additional rate hikes poses challenges for the government.
ACY Securities
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2 days ago
Dollar, Bond Yields Slide on US PPI Revision
The benchmark US 10-Year Treasury yield tumbled to 4.44% from 4.50% yesterday following a downward revision in US March Producer Prices. While April’s US PPI rose 0.5%, March’s PPI was revised down to -0.1% from 0.2% previously.
ACY Securities
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2 days ago
Gold Surge on Soften Dollar
gold prices rebounded strongly on the back of the softening U.S. dollar, while oil prices remained steady.
PU Prime
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2 days ago
Forex Market Report - 15/05/2024
This Forex Market Report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.
DNA Markets
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2 days ago
Daily Global Market Update
Bitcoin fell 2%. Amazon shares rose 1.7%. The Australian dollar gained 0.2%. Gold increased 0.8%. Oil prices fell due to rate concerns. The US dollar eased amid rising producer prices. The Solana mCoin parody GME hit $100 million market cap. Key economic events today include US CPI, US Retail Sales, Eurozone Employment Change, Industrial Production, and Japan's GDP.
Moneta Markets
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2 days ago
Oil is retreating but unlikely to repeat the collapses of 2020, 2014 or 2008
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Oil is retreating but unlikely to repeat the collapses of 2020, 2014 or 2008
FxPro
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3 days ago
JPY declines again
The Japanese yen is experiencing a significant decline against the US dollar, marking the seventh consecutive session of this trend.
RoboForex
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3 days ago
Range trading continues as markets prepare for Wednesday’s CPI
Dollar recovers somewhat while US stocks’ rally stalls; PPI and Fed Chairman Powell could wake up the market later today; Mixed UK labour data complicate the BoE’s outlook
XM Group
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3 days ago
Ethereum knocking at support’s door
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Ethereum knocking at support’s door
FxPro
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3 days ago
Eurozone Growth Weakens USD - Continued Expectations Reflect Trend
Today marks a significant day for both Germany and the USA, as they are set to unveil crucial economic data. Germany will release the Consumer Price Index (CPI), while the USA will disclose the Producer Price Index (PPI). These releases are vital indicators of each country's inflationary trends.
ACY Securities
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3 days ago
Japan’s Long-term Treasury Yield Surge
In the most recent trading session, asset classes remained largely unchanged as markets awaited key U.S. inflation data. The Producer Price Index (PPI) is set for release today, followed by the Consumer Price Index (CPI) tomorrow.
PU Prime
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3 days ago
Daily Global Market Update
Gold fell by 1%, while the euro and pound rose slightly. Bitcoin surged 2.5%. The S&P 500 remained steady. Jeffrey Morphe sued Bitfarms for $27 million. Anglo American rejected BHP's $42.6 billion offer. Key economic events today include employment data from the UK and Japan, US business optimism, and Germany's consumer prices.
Moneta Markets
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3 days ago
EURUSD, AUDUSD, GBPUSD
US CPI report may show the next direction of EURUSD; UK employment data may take GBPUSD down; Is Australia labour report strong enough to take AUDUSD out of trading range?
XM Group
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4 days ago
Brent crude oil faces downward pressure amid demand uncertainties
The price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand levels, exerting significant pressure on the commodity.
RoboForex
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4 days ago
Daily Global Market Update
Oil-dollar pair fell 1.8%, ROC negative. Aussie dollar sideways, MACD positive. Euro-dollar sideways, MACD positive. Dollar-yen sideways, Stochastic RSI positive. China's consumer prices up for third month. Seeker's shares soar 35% above IPO price. Today: US bill auctions, Finland's Current Account, Portugal's CPI, Eurozone's Eurogroup Meeting, Japan's PPI.
Moneta Markets
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4 days ago
Investors cautious as spotlight falls on US inflation
Dollar gains slightly on hawkish Fed remarks - Investors scale back their Fed rate cut bets - China’s CPI rises for the third straight month - US stocks stay supported despite rebound in yields
XM Group
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4 days ago
Crypto market under pressure from Bitcoin
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market under pressure from Bitcoin
FxPro
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4 days ago
Gold loses some ground but still bullish
Gold loses momentum after reaching a two-week high; Short-term risk remains skewed to the upside above 2,325.
XM Group
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4 days ago
Natural Gas Outlook for Major Players during the USA Election
In the global energy landscape, natural gas holds a pivotal position, its significance underscored by its role as a primary energy source and a key driver of economic activity. However, the natural gas market is characterized by a complex interplay of supply and demand dynamics, geopolitical factors, and regulatory frameworks, rendering it susceptible to volatility and uncertainty.
ACY Securities
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4 days ago
