【MACRO Insight】The European Central Bank (ECB) adjusts monetary policy with an interest rate cut, but does not commit to a specific rate path!?
Amid ongoing inflationary pressures in the Eurozone, the ECB announced a 25 basis point interest rate cut at 20:15 Beijing time on Thursday, marking the first rate cut since 2019. After the cut, the three key interest rates were adjusted to 4.25%, 3.75%, and 4.50% respectively, making the ECB the second central bank in the G7 countries to cut rates after the United States.
Crypto Trading for Beginners: 10 Essential Tips for 2024
To get started, familiarize yourself with the basics of crypto trading, open a CFD account, identify opportunities, decide your trading stance, manage risks, and monitor your trades. Don't forget to stay updated with the latest trends and tips by Giraffe Markets.
CWG Markets Shines at Money Expo Colombia 2024 in Bogotá
The Money Expo Colombia 2024, a premier event in the financial industry, brought together leading financial experts, institutions, and technology innovators from around the world.
Will Fed Push Back On Rate Cut Next Week?
In April, U.S. consumer prices saw a smaller-than-expected increase, registering at 0.3% compared to the previous 0.4%. In May, the Federal Reserve decided unanimously to maintain policy rates for the sixth consecutive time, keeping the federal funds target rate at 5.50%, in line with expectations. In April, the producer price index, which gauges what producers receive for their goods, rose by 0.5%, marking a 2.2% increase over the past 12 months, the largest rise in a year. In April, the Bank..
Market Awaits for Crucial NFP
All eyes are on today’s Nonfarm Payroll (NFP) and U.S. unemployment rate data, which could be the final piece of the puzzle for the Federal Reserve's rate cut decision this year.
Today's Economic News
Market Review | June 7, 2024
【MACRO Alert】"Little Non-farm" Hits New Low for the Year, But Market Expectations for Rate Cuts Remain Stable!
The US ADP employment report (known as "Little Non-farm") was released on Wednesday, showing a slowdown in job growth in May, mainly due to a sharp decline in manufacturing and weak hiring in the leisure and hospitality industries. The number of jobs added in May was 152,000, the lowest since January this year, below the expected 175,000, and down from 188,000 (initially reported as 192,000) in April.
📌Good news! June promotions
promotions From June 1-10, 2024 Limited availability!!
The global central bank's "interest rate cut trend" is surging Gold rebonded strongly
On Wednesday (June 5th), due to the largest increase in the US corporate activity index in three years, the US dollar index fluctuated and strengthened
Follow our Master works on:
#ClovergateSocialtrading
FP Markets Wins ‘Best Trading Experience – Africa’ at FAME Awards 2024
FP Markets continues to solidify its position as a leading force in the Forex and CFDs industry, having recently been awarded ‘Best Trading Experience – Africa’ at this year’s Financial Achievements in Markets Excellency (FAME) Awards. This follows their ‘Best CFD Broker in Africa’ recognition at the 2023 FAME Awards, cementing the broker’s strategic geographical expansion.
Dollar Hammers by Soft U.S. Job Data
The dollar tumbled to its lowest level in two months following the disappointing job data, which reinforced bets on a Federal Reserve rate cut.
Economic News Today
Market Review | June 6, 2024
Permium account CASH BACK
Permium account cash back infromation + MT5 Trading account types in Otetmarkets
【MACRO Insight】Currency Defense and Auto Industry Fraud! Dual Challenges for the Japanese Government!
The Japanese government's intervention in the currency market has been officially confirmed as effective. Finance Minister Shunichi Suzuki stated that the government's market intervention to stabilize the yen exchange rate has had some success. Although the specific number of interventions has not been disclosed, data shows that the Japanese government has intervened twice in a month, spending a total of 9.8 trillion yen, exceeding the 2022 annual intervention expenditure. This suggests that Jap
Oil Plummet on U.S. Crude Inventory Surge
Oil prices experienced their steepest decline of 2024, dropping over 5%, following the release of the American Petroleum Institute (API) weekly crude data, which revealed an unexpected inventory build-up exceeding 4 million barrels. This surprise data, coupled with OPEC+'s decision to increase oil supply in the fourth quarter, exerted significant downward pressure on prices.
Today's Market Pulse
Market Review | June 5, 2024
Today's Market Insights
Market Review | June 5, 2024
Today's Financial News
Market Review | June 5, 2024
Just2Trade Awarded Best Multi-Asset Broker 2024
Just2Trade Awarded Best Multi-Asset Broker 2024
Latest News
Exposing Belloofx: A Warning to Traders
WikiFXBinance Resumes Mastercard Crypto Payments Amid Legal Challenges
WikiFX5 Common Mistakes Every New Trader Makes
WikiFX5 Advantages of Using Demo Trading Account
WikiFXFrom Forex to Prop Trading: Traders Trust Introduces TradingCult
WikiFXFBS revamped its mobile trading app
WikiFXWikiFX Launches VPS-Powered Trading Chart for Trading Analysis
WikiFXASIC Cancels AFS License of XTrade.AU Due to Client Misconduct
WikiFXCrypto Scam Crackdown: Israelis Extradited to Germany Over €1 Billion Fraud
WikiFXLMAX Group Expands FX Suite: Introduces Non-Deliverable Forwards
WikiFX