SuperTrading_Master

SuperTrading_Master Updated 

The USD continued to rise to its highest level since November 2022 against currencies, but fell sharply against the Japanese yen in the last trading session. “US economic strength continues to surprise the market,” commented Ronald Temple, Chief Market Strategist at Lazard in New York. The Fed's rate hike cycle may be over, but positive economic data will likely...

SuperTrading_Master Updated 

The euro suffered a brutal sell-off in September and continued to sell off on Monday after signs of fresh economic trouble in Europe, just as experts warned that the common currency could reach parity. parity with the dollar in the coming months as US interest rates remain higher for longer. The EUR/USD exchange rate fell 0.79% to 1.0487 USD after data showed...

SuperTrading_Master

The euro suffered a brutal sell-off in September and continued to sell off on Monday after signs of fresh economic trouble in Europe, just as experts warned that the common currency could reach parity. parity with the dollar in the coming months as US interest rates remain higher for longer. The EUR/USD exchange rate fell 0.79% to 1.0487 USD after data showed...

SuperTrading_Master Updated 

Spot gold contracts decreased 0.8% to 1,835.40 USD/oz, the lowest level since March 10. Gold futures contracts in the US slid 0.7% to 1,853.00 USD/oz. “There is a theory that interest rates will stay higher for longer, and this is seen as a negative factor for the precious metals market. Gold price may drop below 1,800 USD/oz in the short term,” said Jim Wyckoff,...

SuperTrading_Master Updated 

On the world market, the spot price of gold on Kitco on September 30 (at 8:00 p.m., Vietnam time) traded at 1,848 USD/ounce. Meanwhile, the futures price of gold fell to 1,866.10 USD/ounce. Gold prices decreased due to selling pressure. At the end of the last trading week of September, world gold prices fell deeply (-4%) compared to the previous week's closing...

SuperTrading_Master Updated 

According to Eurostat, inflation in the Eurozone has gradually decreased after peaking at 10.6% in October 2022 due to the conflict in Ukraine affecting the economy of the entire Europe. People shop at a supermarket in Berlin, Germany. On September 29, the European Union Statistical Agency (Eurostat) said that September inflation in the Eurozone fell to near its...

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President of the US Federal Reserve (Fed) of the Minneapolis region - Neel Kashkari - said yesterday that the US economy may "land" gently but there is still a 40% chance that the Fed will need to raise interest rates to beat inflation. JPMorgan Chase CEO Jamie Dimon also warned that interest rates may need to be raised further to reduce inflation. These comments...

SuperTrading_Master

Mr. Neel Kashkari continued to assert his hawkish stance on both CNN and Fox Business, saying that the Fed may need to continue raising interest rates. Money markets have repriced the December 2024 rate cut to 25bps. The sell-off following last week's BoE interest rate decision may have been exacerbated as the vote margin between a rate hike and a pause was...

SuperTrading_Master

Most Asian currencies were little changed on Thursday amid persistent concerns about tightening signals from the Federal Reserve, while the Japanese yen edged up slightly as markets awaited any intervention. any government intervention in the currency market. The dollar remained at a 10-month high, with the dollar index and dollar index futures little changed in...

SuperTrading_Master

U.S. stock futures edged up on Wednesday, signaling a recovery in the stock market after a sell-off in the previous session sparked by investor concerns about a prolonged period of higher interest rates. At 05:07 ET (09:07 GMT), the Dow Jones contract was up 103 points or 0.3%, the S&P 500 was up 18 points or 0.4% and Nasdaq 100 futures were up 61 points or 0.4%....

SuperTrading_Master

The greenback is still expected to continue to rise. On the world market, the USD Index reached 106,395, up 0.44% at 6:30 a.m. on September 28, Vietnam time. Experts say that, in the short term, the "hawkish" stance of the US Federal Reserve (Fed) at the recent monetary policy meeting will continue to be a catalyst to push up bond yields and the USD. go to high...

SuperTrading_Master

Investors have been closely watching the central bank's actions, which are characterized by unprecedented stimulus measures and a general lack of consensus on the future direction of policy. In turn, this macroeconomic uncertainty has created a ripple effect in the cryptocurrency market, causing many investors to take a more cautious approach. Instead of engaging...