Sat, June 15, 2024
Stocks
Stock Markets

Quick Look: Bilibili Inc. (NASDAQ: BILI) saw an 8.48% rise to $15.61,

Stocks
Stock Markets

Quick Look: Bilibili Inc. (NASDAQ: BILI) saw an 8.48% rise to $15.61,

Stocks
Stock Markets

Quick Look: Bilibili Inc. (NASDAQ: BILI) saw an 8.48% rise to $15.61,

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Gold
Commodities

Quick Look: Gold (XAU) reached a record high in May 2024, with

Weekly Overview: Forex, Stocks, Crypto, Commodities
Weekly Overview

Lots of major events influence the global market every day. Prices fluctuate

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Gold

Gold’s 2024 Surge: 13.5% YTD Increase to $2,400/Oz

Quick Look: Gold (XAU) reached a record high in May 2024, with current prices at $2,400/oz. Inflation concerns and global economic uncertainty drive increased XAU investment. The Fed’s rate cut projections and support levels

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FOREX NEWS

FOREX NEWS

BROKER NEWS

Euro (EUR)

EUR/USD Mid-Day: Neutral Bias at 1.0915 and 1.0718

Quick Look: EUR/USD remains neutral, watching 1.0915 for an upward move and 1.0718 for a downward shift. The pair is adjusting from a high of 1.1274, with 1.0601 and 1.1138 as significant levels.  Noise and choppiness dominate, influenced by

swiss franc and U.S. dollar - USD/CHF

USD/CHF Rises to 0.8955 as Fed Adjusts Rate-Cut Outlook

Quick Look: USD/CHF rises to 0.8955, influenced by the Fed’s cautious outlook and Swiss economic data. The Fed signals only one potential rate cut this year, shifting from three cuts previously projected. Swiss producer inflation dropped by 0.3% MoM,

Wibest – Pound Sterling: Pound sterling coins. gbp

GBP/USD Faces Uncertainty Ahead of US CPI & FOMC

Quick Look: UK’s GDP showed no growth in April 2024, with declines in manufacturing, industrial production, and construction sectors. PM Rishi Sunak’s Conservative Party faces pressure ahead of the July 2024 elections amid economic and cost of living issues.

Chinese Yuan and dollar

Yuan Strengthens: Onshore and Offshore Rates Up

Quick Look: Onshore Dollar to Yuan closed at 7.2537, up 4 basis points; offshore USD/CNH at 7.2684, up 20 basis points. USD/CNY closed at 7.2545 previously, showing minor market volatility and cautious optimism. PBOC injected 2 billion yuan through

Gold

Gold’s 2024 Surge: 13.5% YTD Increase to $2,400/Oz

Quick Look: Gold (XAU) reached a record high in May 2024, with current prices at $2,400/oz. Inflation concerns and global economic uncertainty drive increased XAU investment. The Fed’s rate cut projections and support levels between $2,295-$2,305 influence XAU prices.

Diesel shortage signals slow economic growth in Europe. natural gas

Gasoline Prices Fall: US Inflation Remains Steady

Quick Look: US CPI remained flat in May 2024, down from a 0.3% rise in April. Cooling gasoline prices significantly contributed to the stabilisation. Rose by 0.2% in May, marking the smallest annual gain since April 2021. In May

African cocoa laborers earn less than a dollar a day, ghana

Ghana’s 2024 Cocoa Crisis: Prices Double, Yields Halve

Quick Look: Ghana’s cocoa production will drop sharply in 2024, delaying deliveries and doubling global cocoa prices. Only 435,000 tons of cocoa will be delivered out of 785,000 tons pre-sold for the 2023/24 season. Cocoa bean prices more than

feeder

Feeder and Stocker Cattle Market Sees Price Swings

Quick Look: Feeder steers saw a price increase (£1.00 to £6.00), except in the Southeast, where prices dropped (£3.00 to £4.00). August contracts decreased by £1.60 to £254.80, while September contracts rose to £255.85. Live sales fell by £1.00

BROKER NEWS

Gold

Gold’s 2024 Surge: 13.5% YTD Increase to $2,400/Oz

Quick Look: Gold (XAU) reached a record high in May 2024, with current prices at $2,400/oz. Inflation concerns and global economic uncertainty drive increased XAU investment. The Fed’s rate cut projections and support levels between $2,295-$2,305 influence XAU prices. Gold prices reached a record high in late May 2024,

Gold

Gold’s 2024 Surge: 13.5% YTD Increase to $2,400/Oz

Quick Look: Gold (XAU) reached a record high in May 2024, with current prices at $2,400/oz. Inflation concerns and global economic uncertainty drive increased XAU investment. The Fed’s rate cut projections and support levels between $2,295-$2,305 influence XAU prices. Gold prices reached a record high in late May

Diesel shortage signals slow economic growth in Europe. natural gas

Gasoline Prices Fall: US Inflation Remains Steady

Quick Look: US CPI remained flat in May 2024, down from a 0.3% rise in April. Cooling gasoline prices significantly contributed to the stabilisation. Rose by 0.2% in May, marking the smallest annual gain since April 2021. In May 2024, the United States Consumer Price Index (CPI) saw

African cocoa laborers earn less than a dollar a day, ghana

Ghana’s 2024 Cocoa Crisis: Prices Double, Yields Halve

Quick Look: Ghana’s cocoa production will drop sharply in 2024, delaying deliveries and doubling global cocoa prices. Only 435,000 tons of cocoa will be delivered out of 785,000 tons pre-sold for the 2023/24 season. Cocoa bean prices more than doubled in 2024, spiking the price of chocolate significantly.

feeder

Feeder and Stocker Cattle Market Sees Price Swings

Quick Look: Feeder steers saw a price increase (£1.00 to £6.00), except in the Southeast, where prices dropped (£3.00 to £4.00). August contracts decreased by £1.60 to £254.80, while September contracts rose to £255.85. Live sales fell by £1.00 in the Southern Plains, steady in Nebraska at £190.00

Broker News

Zenfinex Reports Revenue Surge but Faces Operating Losses

London-based broker Zenfinex, now operating as Taurex, has exposed its fiscal year 2023 financial results, which paint a complex picture of its economic situation. Zenfinex’s Fiscal Overview Zenfinex Limited’s revenue hit £848,306, a significant

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