Market Focus on US Inflation Trends The US dollar slightly rose on Thursday, while gold hit a historic high again
On Thursday (April 11th), influenced by PPI data, the US dollar index took back its intraday gains and rose again during Lagarde's speech, reaching a 5-month high.
Financial Updates Today
Market Review | April 12, 2024
US inflation exceeds expectations, and the US dollar rises sharply on Wednesday Gold is declining from record high
On Wednesday (April 10th), the US dollar index surged above the 105 level due to consecutive months of higher than expected CPI data shattering market expectations for the Federal Reserve's interest rate cut. The index ultimately closed up 1.043% at 105.2, the highest level since November last year.
Market Closure in April
Please be advised that the following instruments' trading hours and market session times will be affected by the upcoming April holidays.
Rollover Notification in April
Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly.
Today's Market Updates
Market Review | April 11, 2024
The market has a strong wait-and-see atmosphere, with the US dollar slightly rising on Tuesday Gold continues its record breaking upward trend
On Tuesday (April 9th), the US dollar index showed weak performance and quickly rebounded after falling 104 intraday, ultimately closing down 0.027% at 104.11. The collective pullback in US bond yields.
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All Eye on the U.S. CPI
Market participants are keenly awaiting the U.S. Consumer Price Index (CPI) data set for release today, a crucial determinant of the Federal Reserve's forthcoming monetary policy direction.
Today's Financial Updates
Market Review | April 10, 2024
Today's Economic Highlight
Market Review | April 10, 2024
Today's Economic Spotlight
Market Review | April 10, 2024
Gold Prices at All-Time High Ahead of CPI
As the financial markets brace for the forthcoming U.S. Consumer Price Index (CPI) announcement on Wednesday, U.S. equities presented a subdued performance, while the dollar index witnessed a modest decline. The anticipation surrounding the Federal Reserve's rate-cutting measures has been significantly adjusted, with expectations now set at a 60 basis points reduction for the year, a stark contrast to the 150 basis points forecasted at the year's start
Today's Market Updates
Market Review | April 9, 2024
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The expectation of the Federal Reserve's interest rate cut has changed again, leading to a surge in non farm employment growth in March Israel's withdrawal triggers a pullback in gold prices, focusing on the three major bearish impacts
The expectation of the Federal Reserve's interest rate cut has changed again, leading to a surge in non farm employment growth in March Israel's withdrawal triggers a pullback in gold prices, focusing on the three major bearish impacts
The Strong NFP Bolsters the Dollar
The U.S. labor market's vigorous expansion, with the Non-Farm Payroll (NFP) report disclosing an impressive 303,000 job additions that exceeded both previous results and projections; bolstering dollar
Today's Economic News
Market Review | April 8, 2024
Important Update: Adjustments to Margin Closeout Mechanism on CWG Markets MT5 Platform
In light of the ongoing evolution of the global financial markets and the increasing complexity of the trading environment, we at CWG have decided to implement significant adjustments to the margin closeout mechanism on our MT5 platform.
Rate Rumble: RBNZ, BoC, and ECB Take Centre Stage
The New Zealand central bank maintain its benchmark interest rate at 5.50% as expected during its previous meeting. While there was no surprise of the central bank paused rates, the less hawkish tone was a surprise as 23% of the market surveyed by Reuters predicted an interest rate hike. In February, the rate of consumer price growth in the United States picked up pace with the reading came in at 3.2%, surpassing expectations of 3.1% for underlying inflation.
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