EUR/USD 1.14396
0.066%
Gold 4174.79
1.240%
Oil 68.721
0.443%
USD/JPY 161.337
0.145%
GBP/USD 1.33563
0.079%
GBP/JPY 215.490
0.237%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 4th - As of 2:30 PM closing, the Shanghai Gold futures contract rose 0.81%, the Shanghai Silver futures contract rose 1.61%, and the SC crude oil futures contract fell 0.16%.July 4th - As of 2:30 PM closing, the Shanghai Gold futures contract rose 0.81% to 913 yuan/gram, the Shanghai Silver futures contract rose 1.61% to 15,294 yuan/kilogram, and the SC Crude Oil futures contract fell 0.16% to 438 yuan/barrel.On July 4th, it was reported that European Central Bank (ECB) President Christine Lagarde will personally attend next weeks EU finance ministers meeting in Brussels, instead of being represented by a vice president. According to the ECBs weekly schedule, Lagarde will not only attend the Eurogroup meeting on July 9th but also the meeting of the Council for Economic and Financial Affairs (Ecofin) the following day. This arrangement is unusual, as such meetings are typically represented by the ECB vice president. Since assuming the position of ECB vice president in early June, Vujicic has already attended one Ecofin meeting. The ECB schedule also indicates that he will travel to Athens next Friday for a meeting. Lagardes decision to personally attend these two meetings comes amidst speculation that she may step down early to pursue a political career in France.Brazilian government: Data shows that crude oil exports in June were 8.48 million tons, compared to 7.95 million tons in the same period last year.On July 4th, JPMorgan Chase stated that gold prices may be limited in the short term due to weakening demand, and will likely remain range-bound overall. The main reasons are weakening purchasing power in key demand sectors and golds renewed sensitivity to changes in real interest rates, which could limit further price increases. However, the bank maintains a bullish view in the medium to long term. It expects gold to gradually recover in the second half of 2026, with an average price of approximately $4,300 per ounce in the third quarter and rising to approximately $4,500 per ounce in the fourth quarter. Looking ahead to 2027, JPMorgan Chase believes gold prices are likely to continue their upward trend, driven primarily by continued central bank gold purchases, stronger physical demand, and persistent long-term structural allocation demand. These factors will support golds long-term attractiveness as a safe-haven and reserve asset.

EUR/USD Forex Technical Analysis: Sellers Aiming for 1.0571 - 1.0519

Daniel Rogers

Jun 02, 2022 16:20

截屏2022-06-02 下午4.00.40.png 

EUR/USD

The Euro remains practically unchanged versus the U.S. Dollar at the start of Thursday's trading day, after falling to its lowest level since May 23 in the previous session. As rising Treasury rates and global inflation concerns boost the U.S. dollar, the single currency moves farther away from a monthly peak established on 30 May.

 

At 04:29 GMT, the EUR/USD exchange rate is 1.0654, up 0.0002, or +0.02%. Wednesday's closing price for the Invesco CurrencyShares Euro Trust ETF (FXE) was $98.61, a decrease of $0.74 or 0.74 percent.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if required, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts provide spreads beginning at 0 pips and commissions of $3.50 every 100k transacted. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any nation or jurisdiction where distribution or use would violate local law or regulation.

Euro Region PMI Slows

In Euro Zone economic news, manufacturing growth in the area slowed last month as manufacturers faced supply shortages, high pricing, and a decline in demand, according to a study indicating that consumers shifted spending to tourism and recreation. In May, Euro Zone inflation reached an all-time high of 8.1%, according to a survey released earlier this week.

 

Chris Williamson, chief business economist at S&P Global, stated, "Euro area manufacturers continue to struggle against the headwinds of supply shortages, increasing inflationary pressures, and decreasing demand amid rising economic uncertainty."

Economic Weakness and Rising Inflation Pose a Major Problem for the ECB

The price movement implies that investors are concerned about inflation and slowing GDP, which might provide challenges for the European Central Bank (ECB) and its intentions to begin raising interest rates in July.

 

The ECB must boost interest rates in order to curb inflation. In addition, the measure might hinder the already declining economic expansion. If the ECB exerts excessive pressure, the Euro Zone economy might collapse excessively and too quickly, leading to a recession. This would make the Euro weaker.

Suggestion