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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

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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

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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?

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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

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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

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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 »

Hong Kong stocks closed: The tech index fell 2.2% in the afternoon, technology stocks fell across the board, photovoltaic stocks fell

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Glodon June 7th | The main Hong Kong stock indexes showed a high opening and low trend. The three major indexes rose slightly at the beginning of the session and then continued to fall, and the decline increased in the afternoon. The Hang Seng Technology Index fell 2.2% at one point, and finally closed down

Hong Kong stocks closed: The tech index fell 2.2% in the afternoon, technology stocks fell across the board, photovoltaic stocks fell Read More »

Five major events in todays financial market: Eurozones interest rate cut cycle kicks off, Nvidias market value surpasses Apple

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Here are five things you need to know about the financial markets on Thursday, June 6: 1. U.S. stock index futures consolidate sidewaysU.S. stock index futures consolidated near the flat line on Thursday after the S&P 500 and the tech-heavy Nasdaq Composite both closed at record highs. On Wednesday, the S&P 500 rose 1.18% to

Five major events in todays financial market: Eurozones interest rate cut cycle kicks off, Nvidias market value surpasses Apple Read More »

Senior Wall Street analyst: Powell is expected to boost U.S. stocks next week

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Zhitong Finance learned that Ed Yardeni, a senior Wall Street strategist, former Federal Reserve economist, and president of Yardeni Research, said that any dovish keywords in Powell’s speech after the Fed’s interest rate meeting next week could trigger a sharp rise in US stocks. Investors will pay close attention to the press conference of Federal

Senior Wall Street analyst: Powell is expected to boost U.S. stocks next week Read More »

Bank of America continues to be bullish on U.S. stocks, most optimistic about these three types of stocks

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Bank of America analysts released a report, expressing firm optimism about the rise of U.S. stocks, and are particularly optimistic about the prospects of large-cap value stocks, cyclical stocks and dividend stocks. However, analysts maintained the year-end target level of 5,400 points for the S&P 500 index, which indicates a moderate return outlook for the

Bank of America continues to be bullish on U.S. stocks, most optimistic about these three types of stocks Read More »