DynamicCapital-FX

DynamicCapital-FX Updated 

On Tuesday, the yen gained support as Bank of Japan Governor Kazuo Ueda maintained a hawkish stance, indicating the central bank might raise rates further if the economy meets expectations. Ueda’s comments were part of a document presented to a government panel led by outgoing Prime Minister Fumio Kishida, where he detailed the BOJ’s July policy decision. His...

DynamicCapital-FX Updated 

Key Points: Tesla: Shares fell 1.6% after a report that the company plans to produce a six-seat Model Y in China by late 2025. Boeing: Dropped 7.3% following a downgrade from Wells Fargo to "underweight" from "equal weight." Nvidia: Slumped nearly 10%, wiping out a record $279 billion in market value, marking the largest single-day decline for a U.S....

DynamicCapital-FX Updated 

- **Gold Price:** Gold is holding above $2,500 ahead of the US Non-Farm Payroll data, having reached a high of $2,523 yesterday and currently trading around $2,517. - **US Economy Expectations:** - August Non-Farm Payroll is expected to increase by 164,000, up from 114,000 in the previous month. - Unemployment rate is expected to rise to 6.5%, from 6.4%. -...

DynamicCapital-FX Updated 

Investors are preparing for the publication of macroeconomic data next week. The June unemployment rate may increase from 4.4% to 4.5%, with employment falling by 35.000 and the dynamics of average wages, including bonuses, from 5.7% to 4.5%, showing signs of a cooling labor market. In July, the consumer price index, according to preliminary estimates, will adjust...

DynamicCapital-FX

During morning trading, the XAU/USD pair is holding around 2500.00. At the end of last week, gold demonstrated a confident upward trend. It was partly supported by expectations of the US Fed’s imminent transition to a “dovish” monetary policy cycle. Analysts have revised their estimates of a possible interest rate cut of 50 basis points, and now, its probability...

DynamicCapital-FX

July housing data was generally weak, with building permits down 4.0% to 1.396M and housing starts down 6.8% to 1.238M. The sector is under pressure as the Federal Reserve’s interest rates peak and may begin to decline soon. Yesterday, St. Louis Federal Reserve Bank Governor Alberto Musalem noted that macroeconomic data has strengthened the regulator’s confidence...

DynamicCapital-FX Updated 

Gold prices drifted higher on Tuesday, snapping a four-day losing streak, as investors awaited U.S. economic data later this week for more insights on the Federal Reserve's interest rate-cut plans.

DynamicCapital-FX Updated 

Gold prices rose on Friday as the dollar slipped, but were headed for their worst week in five and a half months as hopes of interest rate cuts by the U.S. central bank tamed. Spot gold rose 0.2% to $2,332.77 per ounce as of 1:54 p.m. ET (1754 GMT) as the U.S. dollar index slipped 0.4%, making gold relatively less expensive for other currency holders.U.S. gold...

DynamicCapital-FX

Silver showed a minor pullback despite strong US economic data. It hit a low of $30.06 yesterday and is currently trading around $3.52. US Flash Manufacturing PMI - Strong (negative for Silver) New home sales - weak (positive for Silver) Markets eye Fed member Waller's speech for further movement. Any hawkish commentary from Waller will push silver prices lower....

DynamicCapital-FX

The May manufacturing PMI increased from 50.0 points to 50.9 points, the services PMI – from 51.3 points to 54.8 points, and the composite PMI – from 51.3 points to 54.4 points. Overall, growth in the key economic sectors remains robust, giving US Fed officials another argument for keeping the interest rates at peak levels. In this regard, it is worth noting the...

DynamicCapital-FX

Key Points: An analyst predicts gold could drift back to $2,355 if the dollar continues to strengthen. The Federal Reserve minutes revealed discussions about potential further interest rate hikes. Gold prices declined for the third consecutive session on Thursday following the release of the Fed's minutes, which showed some officials favored raising...

DynamicCapital-FX Updated 

The last time the crypto reached current levels, interest rates were near zero. Now a supply-demand imbalance is eclipsing the outlook of higher-for-longer interest rates.

DynamicCapital-FX Updated 

• US Treasury yields are on the rise, giving near-term support to the USD. • Investors are waiting for the US Core Personal Consumption Expenditures Price Index. • XAU/USD gains bearish traction in the near term, but not everything is lost for bulls.

DynamicCapital-FX Updated 

Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years. Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy that it had recently purchased about...

DynamicCapital-FX Updated 

Although digital instruments managed to slightly restore their positions, they are still under pressure of increased attention from the authorities to the activities of cryptocurrency companies. Recall that earlier, the US Securities and Exchange Commission (SEC) sued the largest exchanges Binance and Coinbase, accusing them of trading in prohibited assets and...

DynamicCapital-FX

Asian markets approached Wednesday cautiously in anticipation of a forthcoming U.S. inflation report, which holds potential to influence the Federal Reserve's timeline for implementing monetary easing. Concurrently, the New Zealand dollar experienced a significant decline following the central bank's softened stance on interest rates. New Zealand's central bank...

DynamicCapital-FX

The latest data from the U.S. Commodity Futures Trading Commission and LSEG indicates a decrease in speculators' net short positions on the U.S. dollar, coinciding with the greenback's rebound amid reduced expectations of Federal Reserve easing in March. The value of net short dollar positions fell to $9.799 billion, down from $12.7 billion the previous week,...

DynamicCapital-FX

Investors entered 2023 with trepidation, mindful of the previous year's turbulence and remained wary about recession risks, geopolitical unrest, and potential rate hikes. Yet, as the year unfolded, the bond market revealed a resilient streak. Despite volatility peaks, with the 10-year Treasury yield hitting 5% before receding to 3.88%, the government bond market...