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Yen Drop on Japan FX Officials Comment
The U.S. equity market continued its upward trajectory, buoyed by growing optimism surrounding potential interest rate cuts by the Federal Reserve later this year, following the release of softer-than-expected nonfarm payroll data last Friday, indicating a slowdown in economic performance.
Today's Spotlight
Market Review | May 7, 2024
Soft NFP Spurs Stock Market
Last Friday saw a notable weakening in the dollar, with the dollar index (DXY) declining to its monthly low following the underwhelming U.S. Non-Farm Payroll (NFP) report, which significantly missed market expectations.
The US non farm data hits the US dollar to fall The weak trend of gold price will be continue
Last Friday (May 3rd), due to a slowdown in US employment growth in April that exceeded expectations and a cooling year-on-year salary increase, the market increased its bets on the Federal Reserve's two interest rate cuts this year.
Market News Today
Market Review | May 6, 2024
RBA and BoE Take Center Stage Amidst U.S. Light Week
During the March meeting, Australia's central bank kept its interest rates steady at 4.35% and adopted a more relaxed approach towards tightening, suggesting growing confidence in inflation reaching its target despite economic deceleration. During the last meeting, the Bank of England maintained its interest rate at 5.25%. Governor Andrew Bailey emphasized the importance of ensuring that inflation returns to the 2% target and remains there, stating that the current situation does not warrant
Trading Hour Adjustment AUDCNH
To improve the trading experience for our clients, we have decided to modify the quote and trading hours for AUDCNH, effective 6 May, 2024.
All Eye Will Be On Today’s NFP
Market attention now shifts to today's U.S. NFP reading, which could provide insights into the Fed's forthcoming monetary policy decisions.
Economic News Today
Market Review | May 3, 2024
Decode Global's CEO Ivan Lew Invited as Key Speaker to Illuminate Investment Pathways at 2024 Family Office Summit
Ivan Lew, CEO of Decode Global, a leading financial services company, was invited as a key speaker at The 2024 Family Office Summit SG organized by Caproasia. Ivan spoke on two pivotal panels: "Managing Family Office (SFO)" and "Managing Core Investments in Family Office".
Dollar Hammers by Dovish Powell Statement
Powell's dovish stance prompted a sharp decline in the strength of the U.S. dollar, while gold prices rebounded on the prospect of a softer dollar.
Today's Financial News
Market Review | May 2, 2024
Dollar Strengthens on Strong U.S. Wage Data
The U.S. dollar surged and equities stumbled following the release of the U.S. employment cost index, which revealed a robust 1.2% increase, the sharpest uptick in a year.
Economic News
Market Review | May 1, 2024
Celebrating Excellence of Easy Trading Online at 2024 FastBull Awards Ceremony
On the evening of April 28, Easy Trading Online proudly received the 'Most Trusted Forex Broker' award at the BrokersView 2024, hosted by Fastbull. This accolade is a testament to our steadfast dedication to providing reliable and superior trading services in the forex and CFD brokerage industry.
Japanese Yen Fluctuation Eases after Rumour Clear
The Japanese Yen experienced a significant fluctuation, moving more than 500 pips against the U.S. dollar in the last trading session.
The Bank of Japan may intervene, and the US dollar fell on Monday Gold under pressure, hold on the 21 day moving average line, market concerns about Powell turning to hawkish
On Monday (April 29th), due to market concerns about a slowdown in US economic growth, the US dollar index fluctuated and fell, ultimately closing down 0.42% at 105.64.
Bringing worlds together! Aus Global Unites Real Betis and Gresini MotoGP in a Spectacular Event
Aus Global, a prominent name in the forex brokerage sphere, proudly stands as a sponsor of both the esteemed Betis Football Team and the illustrious Gresini Racing MotoGP
Today's Financial Report
Market Review | April 30, 2024
