EUR/USD 1.15763
-0.137%
Gold 4323.92
-0.097%
Oil 89.256
-0.130%
USD/JPY 159.500
-0.420%
GBP/USD 1.35029
-0.090%
GBP/JPY 215.378
-0.504%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 2nd - On September 2nd local time, the head of the Odessa Military Management Bureau, Lisak, reported that Odessa was hit by a large-scale attack in the early hours of the morning. As of now, the attack has injured eight people, including one child, and two of the injured have been hospitalized for treatment. It is reported that the attack caused damage to multiple buildings and facilities, with a 24-story residential building severely damaged, some floors of apartments destroyed, and windows in surrounding buildings shattered extensively. In addition, local office buildings and two educational institutions were also damaged in the attack.September 2nd - According to the New Zealand Earthquake Agency, a 5.5 magnitude earthquake struck approximately 40 kilometers northeast of Milford Sound, New Zealand, at around 6:13 PM local time on September 2nd, with a depth of about 6 kilometers. There are currently no reports of injuries or damage.September 2nd - According to Irans Mehr News Agency, the Iranian Islamic Revolutionary Guard Corps (IRGC) stated that in response to the US attack on southern Iran the previous night, Iran launched a heavy ballistic missile at a US Marine Corps base near the Jordanian port city of Aqaba, causing "numerous US soldiers killed." The IRGC statement also claimed that "several important facilities and armed helicopters were destroyed," and that retaliatory actions are ongoing.EU High Representative for Foreign Affairs and Security Policy Karas: We need to coordinate what else we can do in the face of Russias escalating attacks on Ukraine.EU High Representative for Foreign Affairs and Security Policy Karas: The Leipzig attack clearly has all the characteristics of state-sponsored terrorism, and I will discuss with other ministers what we can do in the aftermath of the Leipzig attack.

Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast

Alina Haynes

Apr 20, 2023 13:49

 截屏2022-08-04 下午5.25.46_1024x576.png

 

In the early European session, the Gold price (XAU / USD) is exhibiting erratic movements near $1,994.00. The precious metal is in a state of indecision as investors await the release of preliminary S&P PMI data for the United States on Friday.

 

After violent swings influenced by the Federal Reserve's (Fed) Beige Book, the US Dollar Index (DXY) is showing signs of volatility contraction below 102.00. The declining trend of advances to consumer and business loans by U.S. commercial banks has intensified concerns of a recession in the U.S. economy, despite the fact that economic activity in 12 Fed districts remained virtually unchanged. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.

 

In the meantime, S&P futures have recorded sizeable losses during the Asian session, as investors are wary of firms' comments regarding revenue guidance. The market anticipates that constrained credit conditions will impact the working capital management of cash-reliant companies, thereby affecting their output.

 

The market expects preliminary US S&P PMI data to reveal a Manufacturing PMI reading of 49.0, a decrease from the previous reading of 49.9. The Services PMI is anticipated to decrease to 51.5 from 52.6 previously reported.


Suggestion