News and Information

  On Thursday (June 6) in Asia, the dollar/yen volatility weakened, falling as low as 155.36, and is currently trading around 155.70. The path of yen depreciation seems to have reached an inflection point. The Bank of Japan hinted that the depreciation of the yen may affect the trend of interest rates, paving the way for a possible black swan event to raise interest rates. The analysis pointed out that traders need to be wary of the dollar/yen falling below the key moving average, and fear falling towards the 151.68 support....

  Forex trading platform - On Thursday (June 6), spot gold fluctuated narrowly in the morning of the Asian market, and the prison rabbit is currently 2354.86 US dollars per ounce. Gold prices rose more than 1% on Wednesday to close at 2354.99 US dollars per ounce after the release of US private employment data was weaker than expected, strengthening expectations that the Federal Reserve will cut interest rates later this year, and US Treasury yields fell....

  The U.S. Bureau of Labor Statistics' Job Vacancies and Labor Turnover Survey (JOLTS), released on Tuesday (June 4), showed that jobs fell to 8.06 million from a downward revision of 8.36 million last month. The figure was lower than all estimates by economists surveyed by Bloomberg....

  Traders are bracing for a weaker Canadian dollar amid bets that local policymakers could cut interest rates before Federal Reserve officials. Some on Wall Street expect spreads to widen when the Bank of Canada meets on Wednesday (June 4) - already...

  As oil producers grow in size, they will focus on shareholder returns and will not be inclined to drastically increase drilling every time oil prices spike, ultimately flooding the market with oil and driving down prices.

  Sterling was one of the best performers among the world's major currencies in May as investors gave up hope for a summer interest rate cut in Britain and welcomed the prospect of an upcoming general election, leading analysts to predict that the pound could continue to strengthen.

  Foreign exchange documentary platform - Monday (June 3) Asian market morning, U.S. crude oil fell slightly, once refreshed more than a week low to $76.39/barrel, but still stuck at nearly three lows set on May 24 above $76.16/barrel, by the Organization of the Petroleum Exporting Countries (OPEC) and Russia-led allies composed of OPEC + oil producers agreed on Sunday to extend most of the deep production cuts to 2025, providing some support for oil prices.

  Investors will learn on Friday whether the Japanese authorities intervened in the currency market last month to prop up the yen, leaving the beleaguered currency vulnerable to a sell-off if they fail to intervene or have to spend far more than expected.

  Jan Nieuwenhuijs, gold analyst at Gainesville Coins, a foreign exchange documentary platform, said that since 2009, central banks have been buying gold aggressively, and the price of gold has continued to rise, which has led to the global...

  On Thursday (May 30), the dollar/yen rose to 157.61, peaking at 157.67. According to Bloomberg, the yen's exchange rate broke through the level that triggered suspected intervention. The article sent a heavy signal that the Japanese authorities may have stepped in to buy 3.50 trillion yen. So...

  Forex trading platform - On Wednesday (May 30), spot silver was hit by the strengthening of the US dollar and US Treasury yields, closing below the key level of $32.00/ounce. FXStreet analyst Christian Borjon Valencia wrote a new article on the technical trend of silver prices....

  Isabel Schnabel, a member of the European Central Bank's executive board, said quantitative easing programs should be used primarily in times of crisis because the costs of these programs may be more pronounced than other instruments in their reserves.

  The Federal Reserve remains cautious about the prospect of interest rate cuts, although U.S. inflation is likely to slow in the coming months, analysts at Macquarie said on Tuesday.

  Gary Howes, a foreign exchange analyst at the foreign exchange documentary platform, wrote that if market expectations for the Bank of Canada to cut interest rates in June fade in favor of the first rate cut in July, the stressed Canadian dollar may recover....

  Beijing time today Monday (May 27) Asian session, ICBC paper silver is currently trading at 7.050 yuan/gram above the line, today opened at 7.059 yuan/gram, as of press time, paper silver prices temporarily quoted 7.111 yuan/gram, up 0.74%, the highest hit 7.124 yuan/gram, the lowest down 7.059 yuan/gram, the current situation, paper silver market intraday short-term bias bullish trend....