Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- 【XM Group】--ETH/USD Forecast: Tests $3,600 Level
- 【XM Forex】--USD/ZAR Forecast: USD Weakens vs. ZAR
- 【XM Market Review】--EUR/USD Analysis: Upward Shift Ahead of the ECB Announcement
- 【XM Market Analysis】--EUR/USD Forex Signal: Remains on Edge, With a Bearish Brea
- 【XM Market Analysis】--Nasdaq Monthly Forecast: February 2025
market news
"Tep Club" finalizes Alaska! White House clarifies gold bar tariffs
Wonderful Introduction:
The moon has phases, people have joys and sorrows, whether life has changes, the year has four seasons, after the long night, you can see dawn, suffer pain, you can have happiness, endure the cold winter, you don’t need to lie down, and after all the cold plums, you can look forward to the New Year.
Hello everyone, today XM Forex will bring you "[XM Forex]: "Tep Club" finalizes Alaska! The White House clarifies gold bar tariffs". Hope it will be helpful to you! The original content is as follows:
On August 11, during the Asian market on Monday, spot gold trading was around $3,394.20 per ounce, and the US price rose by limited last Friday. Although previous reports of Trump imposing tariffs on gold bars caused the gold price to rise to the level of 3,408.71, after the White House clarified its position on gold bar tariffs, the gold price quickly returned below 3,400; US crude oil trading was around $63.56 per ounce, Russian President Putin and US President Trump will meet on Friday, and the market will focus on the results of the meeting between the two sides.
The dollar strengthened last Friday, but traders priced more interest rate cuts this year as weak economic data led to traders pricing the possibility of more rate cuts this year, while investors are also evaluating President Trump's nomination for the Fed, which fell weekly.
The US dollar has fallen since the July employment report released showed that employers increased fewer than expected jobs in the month, and the employment growth rate in the previous months was also significantly lowered. Other data, including weak real estate market and service industry data, also indicate that the economy is slowing down.
Meanwhile, Trump said on Thursday that he would nominate Milan, chairman of the Economic Advisory Board, to fill the final months of a Fed directorship, while the White House will seek permanent members of the Fed's board of directors and continue to search for new candidates for the Fed's chairmanship.
Bloomberg News reported Thursday that Fed Governor Waller, who voted for the rate cut at the last Fed meeting, is becoming a popular candidate for Powell's next chairman after his term ended in May. "This makes people in the FOMC more likely to be more inclined to cut interest rates," said Shaun Osborne, chief foreign exchange strategist at Scotiabank.The impression is that the Fed may turn to rate cuts faster than the market had previously expected, especially based on expectations before last week. There may even be speculation that the Fed's interest rate cut may be greater than we had expected. "
Traders now believe that the Fed's chances of cutting interest rates at its September meeting are 89%, with a 58 basis point cut by the end of the year. Trump also fired a senior Labor Department official after a weak jobs report, raising concerns that the Trump administration could have a greater impact on the release of economic data.
Asian markets
The market is widely expected to announce a rate cut on the RBA on Tuesday, with market strategist Michael McCarthy noting that bank note traders are even pricing a rate cut that exceeds 25 basis points. But he stressed that many analysts have overlooked a key point: the RBA is not Meaning that interest rate cuts will surely be implemented. While the core inflation rate of 2.7% provides room for policy adjustments for the central bank, the 4.3% unemployment rate suggests that the RBA is not facing pressing pressure to cut rates. McCarthy warned that if the bank accidentally kept interest rates unchanged on Tuesday, it could have a significant impact on stocks.
European market
Bank of England chief economist Hugh Peel said that if changes in long-term inflation dynamics persist, the central bank may need to reconsider its steady pace of easing. In a briefing to business leaders, Peel admitted inflation pressures may continue to ease, but warned that price and wage setting behaviors “could delay further policy easing.”
"This could lead us to...question whether the speed at which we lower bank interest rates is...sustainable," he said, referring to the 25 basis point pace that the Bank of England has maintained in the quarterly rate cuts over the past year.
Pierre's eouu.cnments helped clarify the reasons behind Thursday's unexpected 5-4 policy vote, with him and three other members opposing a 25 basis point cut to 4.00%. Most, including Gov. Andrew Bailey, favored continuing the easing policy. But this split exposed growing concerns within the monetary policy eouu.cnmittee about the risks of stickier inflation. Peel said more hawkish voters are focused on upside risks driven by behavioral shifts, rather than overall inflation itself.
Traders have now postponed expectations for the next rate cut, and futures are no longer fully priced at 25 basis points before February. Peel's remarks are strong
The US market
The Canadian labor market fell unexpectedly in July, reducing -40.8 jobs, while an expected increase of 15.3. This decline was caused by a sharp decline in full-time employment (-51k) and offset the strong growth of 83k in June. Overall employment growth has stagnated, with only 27 jobs rising since January. However, the unemployment rate stabilized at 6.9%, slightly better than expected 7.0%.
Although overall unemployment,The average hourly wage in July rose 3.3% year-on-year, slightly higher than 3.2% in June. Total working hours fell slightly by -0.2% month-on-month, indicating that the overall labor output momentum remained flat. Mixed signals—a sharp drop in full-time jobs and a rise in wages—paints a eouu.cnplex picture for policy makers.
The above content is all about "[XM Forex]: "Tep Club" finalizes Alaska! The White House clarifies gold bar tariffs". It is carefully eouu.cnpiled and edited by the editor of XM Forex. I hope it will be helpful to your transactions! Thanks for the support!
Share, just as simple as a gust of wind can bring refreshment, just as pure as a flower can bring fragrance. The dusty heart gradually opened, and I learned to share, sharing is actually so simple.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here