News and Information
Dollar against yen short position plummets, beware of short counterattack
Daocheng Technology Financial News - The dollar rose about 1.9% against the yen last week, and the dollar fell 3.4% against the yen the previous week, the largest weekly percentage drop since early December 2022, after the Bank of Japan suspected two interventions in the foreign exchange market....
The US CPI data and retail sales data were released this week, and the bulls wanted to take advantage of the opportunity to counterattack
Daocheng Technology Financial News - On Monday (May 13), spot gold fluctuated narrowly in the Asian market, and is currently trading around $2362.00 an ounce. Gold prices rose 0.6% on Friday to close at $2360.75 an ounce, recording a five-week...
The dollar staged a V-shaped reversal against the yen as hawkish positions squaring and wage data were suboptimal
Daocheng Technology Financial News - The dollar fell sharply against the yen in the short term on Thursday (May 9), reaching a low of 155.18, and then quickly rose back to 155.69. The summary of the meeting's opinions shows that the board members of the Bank of Japan's policy in April...
The yen has weakened again and hit a new low in recent times. Japanese officials have spoken out intensively, and they are paying attention to the remarks of Federal Reserve officials this evening
Daocheng Technology Financial News - The U.S. dollar index regained its upward trend on Wednesday (May 8), edging higher after falling earlier due to the Federal Reserve's renewed interest rate cut bets this year, while the yen weakened again, and the dollar rose above the 155 mark against the yen again.
How low can the USD/JPY fall? Interest in yen appreciation fades near the 50-week moving average
Daocheng Technology Financial News - On Monday (May 6), the intraday movement of the US dollar and the Japanese yen was stable, trading around 153.75, an increase of about 0.58%. On Friday, the US dollar and the Japanese yen fell below 153 in early trading, which is the first time in three weeks...
How will Japan's intervention, the Federal Reserve's interest rate cut, and major moves affect the foreign exchange market's trend next week?
Daocheng Technology Financial News - The yen fluctuated violently against the dollar this week, falling below the psychological level of 160 at one point, but after the intervention of the Japanese authorities, the yen rebounded and is expected to achieve its best weekly performance in more than a year. According to Bank of Japan data, the authorities spent about 9 trillion yen...
The volatility of the gold market is intensifying. How will investors position themselves next week? This week's gold price dynamics and the outlook for next week's financial events
Daocheng Technology Finance: In the current complex context of the global economy, gold, as a traditional safe-haven asset, has attracted extensive attention to its market performance and investment value. This article will combine the latest market data, analyst views and technical analysis to provide an overview of the gold market...
Gold under pressure in 2030, market concerns Powell turns hawkish
On Tuesday (April 30), spot gold fluctuated narrowly during the Asian session and is currently trading around $2333.32/ounce. Gold prices barely held the 2330 mark on Monday, helped by the weakness of the US dollar, but still under pressure at the 21-day moving average of 2340...
This week's non-agricultural data hit, many investors and analysts are bullish on the gold market outlook
Daocheng Technology Finance: Monday (April 29) Asian morning, spot gold fluctuated narrowly, and is currently trading at $2336.04/ounce. Gold prices rebounded last Friday and closed at $2337.36/ounce, after data showed...
April 29, 2024: Last week's gold trend review and this week's trend analysis
Last week, spot gold closed down 2.3%, the largest decline since December last year. Daocheng Technology financial analyst Eren Sengezer wrote on Friday (April 26) to review the trend of gold prices last week and to review the...
After the 2.3% decline in gold this week, in-depth analysis and future trend forecasts
Daocheng Technology Financial News - Amid the volatility of financial marekt, the price movement of gold, a traditional safe-haven asset, has been closely watched by investors. The Federal Reserve's Personal Consumption Expenditure (PCE) price index, a key indicator of inflation, has a significant impact on...
WTI crude oil prices regained some lost ground slightly, despite doubts about U.S. demand
Daocheng Technology Financial News - On Thursday (April 25), WTI crude oil turned from rising to falling in the US market, with intraday trading at $82.43 per barrel. The day before, the US released its April purchasing managers' index report. The report found that overall business...
Spot gold prices traded above $2,320, and investors were cautious ahead of the release of PCE data
Daocheng Technology Financial News - Spot gold prices traded above $2,320 in early U.S. trading on Thursday (April 25). Gold's appeal remains weak due to the easing of tensions in the Middle East and the weakening of safe-haven demand in previous days. In addition, in the United States...
Gold bulls cling to 2310, facing more selling in the future?
As gold investors focus on easing tensions in the Middle East and there are signs that the Federal Reserve will maintain higher interest rates for a longer period of time, gold prices continued to decline on Tuesday (April 23) after posting their largest one-day decline in nearly two years. (Spot gold...
The moment of gold fright, the United States sounded the horn of counterattack, why did the international gold price fall sharply?
Gold wants to bottom fishing, the big drop you are looking forward to has come. Today's international spot gold has fallen by $25 from the opening to the present, and today's big drop can make the bears happy, all shouting that gold has reached the top, the Federal Reserve's interest rate hike expectations are strengthened, and gold will fall to 2000...
