Gold price rebounds from oversold, pay attention to US economic data
during the Asian session, spot gold rebounded and fluctuated, hitting $2618.02 per ounce at one point and currently trading around $2613.5 per ounce. Overnight, the hawkish Fed cut interest rates, and Powell's hawkish speech was stronger than market expectations. …
- 2024-12-19
The US energy industry is about to relax regulations, and US oil supply may further erode OPEC+market share
The OPEC+representative expressed concern that the upcoming relaxation of regulations in the US energy industry may boost US oil production, exceeding expectations under the incoming Trump administration.…
- 2024-12-19
Royalty FX 2020 profitable trading system
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- 2024-12-19
Trump has not yet taken office, but has already begun to stir up global economic decision-making
US President elect Trump has not yet taken office, but this week the world has begun to take seriously the economic impact that the new government will bring: some Federal Reserve officials expect inflation rates to rise and interest rates to remain restrictive; A Canadian official unexpectedly resigned due to disagreements over budgeting for future tariffs.…
- 2024-12-19
Summary of Powell's speech: The United States has avoided recession and the outlook is quite bright
Federal Reserve Chairman Powell used the last interest rate decision of the Federal Open Market Committee (FOMC) in 2024 (also the last Fed meeting during President Biden's term) to cautiously avoid the impact of the upcoming Trump administration's inflation policy, while focusing on the positive results the central bank has achieved in combating inflation and supporting employment.…
- 2024-12-19