News and Information
Gold broke and plummeted, and this week's Federal Reserve report may become a "dark horse".
Fundamental news from foreign exchange trading platform, coupled with the "play Tai Chi" market, has returned to the starting point after a week of opening, which continues to suggest that the long-short saw-saw trend will continue. Gold's market last week was basically in line with the reminder on June 17. Subsequent step-back confirmation, sharp rally and head decline were all expected....
International Oil Price Latest News: Overnight Market News and Data Summary
The latest news on international oil prices on foreign exchange platforms: Overnight market news and data summary, the following is the latest data released....
Norway hints at continued rate cuts delayed until 2025, and the krona is temporarily relieved
At 16:00 on June 20 (Thursday), Beijing time, the Norwegian central bank announced that it would maintain interest rates unchanged, indicating that there would be no further interest rate cuts. After that, the Norwegian krone rose sharply, and the dollar closed down 0.35% against the Norwegian krone at 10.53.
Reversal risk looms as dollar tests high against yen
Foreign exchange documentary platform - Wednesday (June 19) in the New York market, the US dollar/Japanese yen fell to a low of 157.599 in the European market after a v-shaped reversal, trading at 157.930, up 0.06%. Against the backdrop of recent Bank of Japan and FOMC meetings, the dollar remains worryingly close to its high against the yen.
Forex traders: Gold prices need to break through the 50-day moving average to gain sustained upward momentum
Forex Copy Platform - On Tuesday (June 18), the price of gold continued to consolidate above the support level of $2,295-2,305; silver is trying to break through the level of $29.50. Platinum tests resistance at $975-985. Vladimir Zernov, an independent trader and analyst at Fxempire, uses long-term position trading and swing trading strategies to predict the movement of gold, silver and platinum....
The Reserve Bank of Australia is expected to maintain stability! If a future interest rate hike signal is released, the Australian dollar will challenge 0.6700.
Foreign exchange platform - Beijing time on June 18th (Tuesday) at 12:30, the Reserve Bank of Australia will announce the interest rate decision. FXStreet website analyst team wrote that economists generally expect that the Reserve Bank of Australia will maintain interest rates at a 12-year high on Tuesday, and central bank governor Brock may maintain his hawkish remarks at a press conference....
Israeli Prime Minister announces the dissolution of the wartime cabinet, is the price of gold about to plunge?
On Monday (June 17), despite the weakness of the US dollar, spot gold still fell significantly, and the price of gold once fell below $2,310 per ounce. In terms of the situation in the Middle East, on Monday local time, Israeli Prime Minister Benjamin Netanyahu announced that the wartime cabinet had been dissolved....
Gold prices rebounded quickly after falling sharply: a bearish head and shoulders pattern is forming, and it is still possible to continue falling
On Monday (June 17), spot gold suddenly fluctuated in the Asian market. The price of gold fell sharply to around $2,322/ounce, and then rebounded rapidly. It is currently located near $2,326/ounce. Nicholas Kitonyi, an analyst at the well-known financial website FXDailyReport, wrote an article analyzing the future trend of gold....
Gold prices continue to weaken, analysts: once below 2300, or the sword points to the May low
Forex documentary community - On Thursday (June 13), spot gold closed down more than $20, and once fell below the $2,300/ounce mark during the session. A stronger dollar is not conducive to the trend of gold prices. In addition, some analysts attributed the decline in gold prices to investors taking profits....
The collapse of the US economy is only a matter of time, with fundamentals favoring gold and silver prices
Mike Maharrey, a market analyst at Forex Trading Platform, said gold's fall from $2,341 earlier in the week to Friday's (June 14) low of $2,301 was proof that mainstream investors were in trouble. He warned that it was only a matter of time before the U.S. economy collapsed. But he believes that regardless of how many points Federal Reserve officials put on the chart, the fundamentals are currently supportive for gold and silver....
The Federal Reserve kept interest rates unchanged, and policymakers expect only one rate cut this year
The Federal Reserve announced on Wednesday (2:00 am local time on June 13, early Thursday morning Beijing time) that it will keep interest rates unchanged and may delay the start of rate cuts until December. Policymakers expect only one rate cut this year, by 25 basis points. They believe that more restrictions on the economy are needed to bring inflation under control....
Foreign exchange platform analyst: "The global status of the US dollar will plummet"
While efforts by other countries to move away from the dollar are often cited as the driving force behind de-dollarization, those concerned about the trend should see the United States as the biggest culprit, two think-tank analysts at foreign exchange platforms wrote in an article in the Financial Times.
Gold prices rebounded after oversold, has passed the "dangerous period"? Analyst: Sellers are taking control of the market
Foreign exchange documentary platform - on Monday (June 10), spot gold rebounded by $17 after plunging in the previous trading day, closing near the $2,310/ounce mark. On Tuesday (June 11), spot gold fluctuated slightly in the Asian market, and is currently trading near $2308.95/ounce. FXStreet analyst Christian Borjon Valencia recently wrote an analysis of the technical trend of gold prices....
ECB cuts key base rate by 25 basis points, no more information on future rate cuts
FX Trading Platform - The European Central Bank cut interest rates by 25 basis points on Thursday (June 6), but did not provide direction on future policy moves. The European Central Bank (ECB) cut all three key base rates for the first time in five years, a move that echoes yesterday's move by the Bank of Canada (BoC). It follows similar decisions by Sweden's Riksbank and Swiss Bank (SNB)....
Bad for the dollar! Two major investment banks predict non-farm weakness in May, which may increase the incentive for the Federal Reserve to cut interest rates
Foreign exchange trading platform - Investors will be watching the May non-farm payrolls report to get a clearer picture of whether the Federal Reserve will ease its policy to fight inflation. The US non-farm payrolls report for May will be released at 20:30 Beijing time on June 7 (Friday). Accept Dow Jones...

