EUR/USD
1.13343
0.268%
Gold
3258.88
0.786%
Oil
55.749
-4.317%
USD/JPY
144.228
-0.517%
GBP/USD
1.32893
0.093%
GBP/JPY
191.673
-0.424%
Real-time News
On May 5, the National Australia Bank expected the Reserve Bank of Australia to cut interest rates by 100 basis points before August, and a 50 basis point cut this month was a foregone conclusion. The bank called on the Reserve Bank of Australia to change its thinking in several aspects. First, the Reserve Bank of Australia needs to recognize that inflation risks are no longer balanced, but tend to be downward due to the slowdown in global growth. Second, shift from a cautious mentality to bold action. No matter what happens, lowering interest rates will be the top priority of the Reserve Bank of Australia.May 5th, gold prices strengthened on Monday, boosted by a weaker dollar, as investors waited for more clarity on trade policy between the United States and its trading partners and looked forward to the Federal Reserves policy decision later this week. Tim Waterer, chief market analyst at KCM Trade, said, "The dollar was sluggish before the Federal Reserves interest rate meeting this week, which pushed gold prices slightly higher. Before the Fed meeting, we may see gold prices continue to trade in the $3,200-3,350 range. However, any new news about the trade agreement could lead to another increase in volatility."Australian Prime Minister Albanese: Will hold talks with Indian Prime Minister Modi tomorrow.Faraday Future’s FX Models announced significant pre-order success for its FX Super One MPV, securing 300 orders in a B2B agreement.U.S. stock index futures extended losses, with Dow futures down 0.7%, S&P 500 futures down 0.8% and Nasdaq futures down about 1%.
