June 2024

Haitong Futures [Crude Oil Daily]: A large number of disorderly fluctuations appeared in the rebound of oil prices, highlighting the cautious mentality of investors

Oil prices closed higher on Wednesday, recovering the losses of the previous trading day, and the monthly spread further recovered, which means that oil prices have passed the most pessimistic moment. The bald positive line boosted morale, but the process was not smooth. After investors vented their disappointment by plunging on the first trading day […]

Haitong Futures [Crude Oil Daily]: A large number of disorderly fluctuations appeared in the rebound of oil prices, highlighting the cautious mentality of investors Read More »

The European Central Bank cut interest rates by 25 basis points! It may be further reduced this year! The euro rose by more than 40 points in the short term

After a period of high inflationary pressure, the European Central Bank (ECB) finally announced a rate cut on June 6, and this decision quickly became the focus of global financial markets. After the ECB announced the rate cut, both the euro/US dollar (EUR/USD) and the euro/British pound (EUR/GBP) rose. Money markets indicate that the ECB

The European Central Bank cut interest rates by 25 basis points! It may be further reduced this year! The euro rose by more than 40 points in the short term Read More »

Gold trading reminder: Gold prices hit a two-week high, waiting for the non-agricultural decisive battle!

Spot gold fluctuated in a narrow range in the Asian session on Friday (June 7), currently trading around $2,378.64 an ounce. Gold prices climbed to a two-week high on Thursday, closing at $2,375.60 an ounce, as weaker-than-expected U.S. jobs data fueled hopes that the Federal Reserve would cut interest rates later this year, and the

Gold trading reminder: Gold prices hit a two-week high, waiting for the non-agricultural decisive battle! Read More »

Israel officially announced that it was ready to attack Lebanon! Gold bulls are ready to take off analysts: the next target is 2400

On Thursday (June 6), spot gold surged by more than $20, approaching the $2,380/ounce mark during the session. Analysts pointed out that the weakening of the US dollar and geopolitical tensions have become the main driving forces for the surge in gold prices. The Israeli military announced on Thursday that it had completed the deployment

Israel officially announced that it was ready to attack Lebanon! Gold bulls are ready to take off analysts: the next target is 2400 Read More »

Bad news for the dollar! Two major investment banks predict a weaker non-farm payrolls in May, which may increase the Fed's motivation to cut interest rates

Investors will be watching the May non-farm payrolls report for a clearer picture of whether the Fed will ease its anti-inflation policy. The May non-farm payrolls report will be released at 20:30 Beijing time on Friday, June 7. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report an increase of 190,000

Bad news for the dollar! Two major investment banks predict a weaker non-farm payrolls in May, which may increase the Fed's motivation to cut interest rates Read More »

Gold market analysis: ECB rate cut sparks hope that the Fed will follow suit, gold prices rise to two-week high

On Thursday (June 5), gold prices rose to a two-week high of $2,378.36 per ounce during the session, and closed at $2,375.60 per ounce, up 0.8% for the day. The U.S. Department of Labor announced on Thursday that the number of initial jobless claims in the week ending June 1 increased by 8,000, to 229,000

Gold market analysis: ECB rate cut sparks hope that the Fed will follow suit, gold prices rise to two-week high Read More »

The US non-farm payrolls for May are coming. How might this affect the EUR/USD trend?

According to the Fxstreet team of analysts, non-farm payrolls are expected to increase by 185,000 in May, less than expected but higher than 175,000 in April, as more signs point to a cooling in the US labor market. The unemployment rate is expected to remain stable at 3.9% in May, while the monthly average hourly

The US non-farm payrolls for May are coming. How might this affect the EUR/USD trend? Read More »

Japans April consumer spending rises for the first time in 14 months, helping Bank of Japan normalize policy

Data released on Friday showed that Japan’s household spending rose for the first time in 14 months in April from a year earlier, but the modest increase showed that consumers were still reluctant to loosen their purse strings in the face of rising prices. Japan’s Internal Affairs and Communications Ministry data showed that consumer spending

Japans April consumer spending rises for the first time in 14 months, helping Bank of Japan normalize policy Read More »

Bank of Japan expected to reduce bond purchases next week, expectations of a July rate hike rise

More than half of Bank of Japan watchers surveyed predicted the central bank would decide to scale back its government bond purchases at a meeting next week, and a growing number also expect the central bank to raise interest rates in July. Many Bank of Japan watchers said officials are likely to prioritize cutting bond

Bank of Japan expected to reduce bond purchases next week, expectations of a July rate hike rise Read More »