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KVB Market Analysis | 28 August: Yen Strengthens on BoJ Rate Hike Hints; USD/JPY Faces Uncertainty
The Japanese Yen rose 0.7% against the US Dollar after BoJ Governor Kazuo Ueda hinted at potential rate hikes. This coincided with a recovery in Asian markets, aided by stronger Chinese stocks. With the July FOMC minutes already pointing to a September rate cut, the US Dollar might edge higher into the weekend.
Today's foreign exchange market
Gold prices advanced firmly during the North American session on Tuesday amid a risk-on environment and steady US Treasury yields. Investors ignored better-than-expected economic data from the United States (US), failing to underpin the already battered Greenback. The XAU/USD trades at $2,524 and gains over 0.20%.
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US dollar index fell to the lowest point in more than a year, spot gold continued to gain three consecutive positive!
Board members overseeing the Chicago and New York fed voted in July to cut the discount rate by 25 basis points, according to minutes of the Fed's discount rate meeting. In last month's vote, 10 of the 12 regional fed's wanted to keep the discount rate at 5.5% , while the Chicago and New York Fed wanted to cut it to 5.25% . As the timing of the rate cut approaches, the dollar index is likely to fall further.
【MACRO Alert】The Delicate Dance of Economic Policy: The Fed and the Bank of Japan in an Era of Uncertainty
The Fed faces multiple challenges in the current economic environment, needing to find a delicate balance between maintaining job market stability and controlling inflation. As economic data continues to change, Fed policymakers must adjust their strategies flexibly to deal with various possible economic situations. The Fed's decisions will have a profound impact on the U.S. and global economies. At the same time, the Bank of Japan also faces complex decisions on whether to continue raising inte
The US dollar has rebounded from a low level Gold is approaching a new historical milestone
On Monday (August 26th), due to rising geopolitical tensions, the US dollar index rebounded from an 8-month low and ultimately closed down 0.20% at 100.88
Oil Price Soar on Geopolitical Tension
Geopolitical tensions in both the Middle East and Eastern Europe have escalated, oil prices surged nearly 3% in yesterday's session. creating significant unease in the broader financial markets.
Market Reactions to Fed’s Rate Cut Indications Amid Global Economic Tensions
Fed Chair Powell’s confirmation of upcoming rate cuts has triggered mixed reactions across global markets. While Asia’s stock markets rallied on the news, ongoing tensions in the Middle East and cautious central bank policies in China and Singapore have kept investors on edge. Meanwhile, PDD Holdings’ historic stock drop and Nvidia’s anticipated earnings add further uncertainty to the market outlook.
Today’s Financial Forecast
Market Review | August 27, 2024
KVB Market Analysis | 27 August: AUD/USD Holds Below Seven-Month High Amid Divergent Central Bank Policies
The Australian Dollar (AUD) traded sideways against the US Dollar (USD) on Tuesday, staying just below the seven-month high of 0.6798 reached on Monday. The downside for the AUD/USD pair is expected to be limited due to differing policy outlooks between the Reserve Bank of Australia (RBA) and the US Federal Reserve. The RBA Minutes indicated that a rate cut is unlikely soon, and Governor Michele Bullock affirmed the central bank's readiness to raise rates again if necessary to combat inflation.
Market Updates for Today
Market Review | August 27, 2024
WTI crude jumped nearly 3% after the government in eastern Libya announced it would halt all oil production and exports!
The government in eastern Libya has announced it will halt all oil production and exports. Crude oil supply decline, Lido crude oil.
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Powell turns pigeon to gold bullish The US dollar continues to fall under pressure
The US dollar index fell on the 23rd. The US dollar index, which measures the US dollar against six major currencies, fell 0.78% that day and closed at 100.717 at the end of the foreign exchange market.
【MACRO Insight】Powell’s Jackson Hole Speech: Is the Federal Reserve’s Monetary Policy Entering a Phase of Adjustment?
At the 2024 Jackson Hole Global Central Bank Annual Meeting, Federal Reserve Chairman Jerome Powell's speech provided the market with important clues about the future direction of U.S. monetary policy, emphasizing that the current moment is an appropriate time for monetary policy adjustments and expressing confidence in the return of inflation to the 2% target. Although he remains optimistic about the stability of the job market and the resilience of the economy, he also cautioned the market tha
Global Market Reactions as Fed Prepares for Rate Cuts Amid Rising Geopolitical Tensions
Fed Chair Powell signals upcoming rate cuts, driving bond market speculation and influencing global markets. Asian stocks rise, while yen strengthens due to safe-haven demand. Meanwhile, Australia's central bank faces skepticism over its tightening stance.
KVB Market Analysis | 26 August: Bitcoin (BTC) Breaks Out Above $60,000, Faces Resistance at $72,000
Bitcoin traded above $60,000 on Friday, gaining over 4% this week but staying within a $57,000 to $62,000 range for the past 15 days. On-chain data reveals mixed signals, with institutions accumulating while some large holders are selling. Inflows into US spot Bitcoin ETFs and potential volatility from ongoing Mt.Gox fund movements could impact Bitcoin's price in the coming days.
Spot Gold was up 20 U. S. dollars, the U. S. Index plunged!
Powell's “Loudest interest rate cut” at his annual meeting in Hall, John Hughlings Jackson, was that the time had come for a change in policy and increased confidence in a return to 2 per cent inflation. Does not seek or welcome further cooling of the labour market. The chances of the Fed cutting rates by 50bp in September have risen since Powell's speech, with the rate cut of nearly 100bp remaining stable towards the end of the year. Fed mouthpiece says Powell's turnaround is complete. Interest
Today's Global Economic Outlook
Market Review | August 26, 2024
Investment News for Today's Markets
Market Review | August 26, 2024