Post by account_disabled on Jan 9, 2024 16:23:50 GMT 10
Global currency trading was sluggish on Wednesday, though. When the financial market US equity markets are closed for Independence Day. But the direction of the euro currency has weakened since Ms. Christine Lagarde, Director of the International Monetary Fund (IMF), who is considered to support easing monetary policy. Nominated to be President of the European Central Bank (ECB), investors are looking for investments in stocks that offer high dividend yields. European stock markets rose on Wednesday as investors flocked to stocks that offer high dividends.
This comes amid expectations that Europe's interest rates will Phone Number List emain ultra-low for longer. After Ms. Lagarde took the position of ECB president in place of Mario Draghi, this trend As a result, the euro is near a 2-week low, putting pressure on gold prices as well. In addition, the pound currency is moving near a 2-week low, putting additional pressure on the euro and gold prices. As a result of the prediction that The Bank of England will reverse the trend of raising interest rates. and shift to a more relaxed stance. Amid the trade war and uncertainty over the UK's negotiations for separation from the European Union, however, gold prices were supported by disappointing US economic data.
This has stimulated expectations that the Federal Reserve (Fed) will begin cutting interest rates in July as soon as possible. The ADP Private Sector Report indicates that private sector employment added only 102,000 jobs in June. This weighs on expectations for the government's non-agricultural employment report. which will be revealed at 7:30 p.m. Thai time this Friday. Initially, YLG estimated that If the gold price cannot stand above the first resistance level. Investors may wait for the price to weaken before buying gold for short-term speculation. and recommends following the economic direction in order to make investment decisions.
This comes amid expectations that Europe's interest rates will Phone Number List emain ultra-low for longer. After Ms. Lagarde took the position of ECB president in place of Mario Draghi, this trend As a result, the euro is near a 2-week low, putting pressure on gold prices as well. In addition, the pound currency is moving near a 2-week low, putting additional pressure on the euro and gold prices. As a result of the prediction that The Bank of England will reverse the trend of raising interest rates. and shift to a more relaxed stance. Amid the trade war and uncertainty over the UK's negotiations for separation from the European Union, however, gold prices were supported by disappointing US economic data.
This has stimulated expectations that the Federal Reserve (Fed) will begin cutting interest rates in July as soon as possible. The ADP Private Sector Report indicates that private sector employment added only 102,000 jobs in June. This weighs on expectations for the government's non-agricultural employment report. which will be revealed at 7:30 p.m. Thai time this Friday. Initially, YLG estimated that If the gold price cannot stand above the first resistance level. Investors may wait for the price to weaken before buying gold for short-term speculation. and recommends following the economic direction in order to make investment decisions.