News and Information

  Daocheng Technology Finance - The dollar remained dominant on Monday (March 25), keeping the yen near multi-decade lows, although threats of currency intervention by Japanese authorities prevented the greenback from strengthening further. The dollar was at 151.22 against the yen last week, and last week...

  Daocheng Technology Financial News - Spot gold stabilized and rebounded last week, and once set a record high. It opened at $2156.01/ounce last week, reaching a high of $2222.92/ounce and a low of $2146.16/ounce.

  At the beginning of the Asian market on Friday (March 22), spot gold shook in a narrow range and is currently trading at $2181.10/ounce. Gold prices rose and fell on Thursday. After Federal Reserve Chairperson Powell hinted on Wednesday that three interest rate cuts would be made in 2024, gold gained...

  On Thursday (March 21) in early Asian trading, spot gold continued its overnight rally, once setting a record high of $2222.65/ounce, teaching the Federal Reserve to rise more than $60 before the interest rate decision. Gold climbed more than 1% on Wednesday, after the US...

  Analysts at Depp Capital said: "Although the upcoming growth and inflation data remain strong, it is not enough to drive yields significantly higher, especially with the Federal Reserve leaning towards easing, the range volatility in the 10-year yield suggests we need to...

  At the beginning of the Asian market on Wednesday (March 20), spot gold fluctuated narrowly, and is currently trading near $2157.80/ounce. Gold prices fell slightly on Tuesday, and spot gold closed down 0.13%, closing at $2157.40/ounce.

  Gold prices recovered after falling to a one-week low on Monday (March 18), as investors awaited a series of central bank meetings this week, including policy decisions from the Federal Reserve on Wednesday, for clues on inflation and interest rates. Spot gold closed at 2160.15 USD/...

  At the beginning of the Asian market on Monday (March 18), spot gold fluctuated narrowly, and is currently trading at $2156.86/ounce. Although gold prices started to pull back last week after setting a new all-time high on March 8, the famous investment bank Goldman Sachs last Friday (March 15...

  Daocheng Forex News - This article provides support resistance levels for the US Dollar Index, EUR, GBP, JPY, CHF, AUD, CAD and Gold. EUR/USD GBP/USD resistance level support resistance level support level support level 1.08911.08751.2...

  Gold rebounded from a two-month low, the Federal Reserve accelerated its balance sheet shrinkage, hawkish dot plots failed to allay epidemic concerns, hesitation over the timing of rate hikes, the European Central Bank may signal PEPP conclusions, but economic forecasts are key....

  On Wednesday (March 13), the dollar index rose and fell back to level, and the euro rose against the dollar in the European session, reaching a high of 1.0947. The pound was volatile and flat against the dollar. Investors turned their attention to the US retail sales and producer price indexes released on Thursday...

  At present, no one expects the Federal Reserve to change interest rates at its policy meeting next week, but whether Fed officials stick to their previous outlook for rate cuts is a more open question as the economy has been outperforming expectations. Since the last time the Federal Reserve will...

  Gold prices continued to rise on Thursday, spot gold once again refreshed its all-time high to $2164.65/ounce, closing at $2159.80/ounce, rising for the seventh trading day, bets on U.S. monetary easing continue to increase, central bank...

  On March 6, important data or events may trigger market volatility, and the dollar faces a critical moment. Federal Reserve Chairperson Jerome Powell is about to testify to Congress, which is crucial. He is expected to update monetary policy, and the market hopes for dark information about interest rate cuts and a soft landing.

  Wednesday (March 6) in the early trading of the European market, the US dollar index futures regained lost ground, currently trading near 103, as of 14:17 Beijing time, the US dollar index futures quoted 103.727, down 0.03%, the previous trading day the US dollar index...