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【MACRO Alert】Loosening Monetary Policy！Coordination and Gamesmanship between the Fed and Global Central Banks!
The Federal Reserve and other federal regulatory agencies plan to relax capital requirements for large banks, easing the capital burden on the banking industry, which is beneficial for enhancing lending capacity and financial market liquidity, supporting economic activities. However, there is still uncertainty in the market regarding the policy direction of the Federal Reserve, especially with the possibility of rate hikes not ruled out, as indicated by Bauman. While major central banks around
Gold Prices Back to All-time High Territory
geopolitical issues in Eastern Europe and the Middle East have intensified, driving safe-haven gold prices to all-time high levels.
The rise of the US dollar is hindered and fell back. Iranian President crashed Israel's fierce attack on Gaza, market continues to be bullish on the future of gold
Last Friday (May 17th), the US dollar index rose first and then fell. The US stock market wiped out all the gains of the day in late trading and ultimately closed down 0.012% at 104.49.
Today's Economic Highlight
Market review | May 20, 2024
【MACRO Insight】Will precious metals reach new highs again? Silver is showing signs of imminent rise！？
Since the beginning of the year, the prices of gold, silver, and platinum have been continuously rising, with analysts predicting that precious metals may reach historical highs in the coming months. Low inflation in the United States has led to market expectations of a possible interest rate cut by the Federal Reserve, causing a significant increase in precious metal prices on Wednesday. Gold touched a three-week high, while silver and platinum reached three-year and one-year highs respectively
Week Ahead Spotlight: CPIs, Retail Sales, RBNZ Rates!
In March, Canada's consumer price index increased by 0.6% compared to the previous month, surpassing the 0.3% growth seen earlier. In April, the Reserve Bank of New Zealand opted to maintain its official cash rate at 5.5 percent for the sixth consecutive meeting, emphasizing the ongoing need to address inflation fully. In March, the UK Consumer Price Index registered a slower-than-anticipated increase, reaching 3.2% in annual terms, down from the 3.4% rise observed in February. In March, UK...
Eyeing on Today’s Euro CPI
euro traders are awaiting today's CPI reading to gauge the euro's price movement.
Market Watch
Market Review | May 17, 2024
【MACRO Alert】U.S. April CPI fell as expected, with growing market expectations of Fed rate cuts
The United States released the Consumer Price Index (CPI) data for April. The unadjusted CPI for April recorded an annual rate of 3.4%, slightly lower than the previous month's 3.5%, in line with market expectations. The core CPI for April fell to 0.3%, the lowest since December last year. Meanwhile, April's retail sales unexpectedly remained flat at 0%, below market expectations of 0.4%.
Soft CPI Hammers Dollar to Monthly Low
Yesterday’s U.S. inflation gauge, CPI, rattled financial markets as the dollar index (DXY) plunged nearly 1% and equity markets jumped following a reading below market consensus.
Today's Economic News
Market Review | May 16, 2024
【MACRO Insight】Ahead of US CPI Release: Traders Prepare for Treasury Volatility, Euro Bears Rush to Cover
The United States is scheduled to release crucial CPI inflation data today, which is expected to cause volatility in US Treasury options. Traders are likely preparing for the possibility of rising Treasury prices and significant yield declines.
US long-term treasury bond bond yields fall back The US dollar fell on Tuesday, while gold rebounded slightly
On Tuesday (May 14th), due to the unexpected April PPI data from the United States, the US dollar index briefly hit an intraday high of 105.47
Gold Surge on Soften Dollar
gold prices rebounded strongly on the back of the softening U.S. dollar, while oil prices remained steady.
Today's Economic News
Market Review | May 15, 2024
Today's Market Updates
Market Review | May 15, 2024
Today's Economic Spotlight
Market Review | May 15, 2024
【MACRO Alert】Wall Street on Edge as CPI Index Looms - Expectations of Easing Inflation Remain High, Market Volatility Imminent
Wall Street opened cautiously as traders focused on the imminent release of crucial CPI inflation data, leading to slight fluctuations in the US stock market, bond market, and the dollar ahead of the CPI data release.
EBC Financial Group Joins United to Beat Malaria, a Campaign of the United Nations Foundation, in Move Against Malaria
EBC Financial Group (EBC) recently joined supporters and partners of United to Beat Malaria, a campaign by the United Nations Foundation (UNF), in its Move Against Malaria 5K 2024 virtual event. This initiative united people globally to raise awareness and funds by emphasizing the urgent need for effective malaria treatment tools and programs.
