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Trump announces about 100% tariffs on chips, gold prices are affected by investo
Basic news on Thursday (August 7, Beijing time), spot gold trading was around $3,370 per ounce, gold prices fell on Wednesday, investors took profit after hitting their highest in nearly two weeks on the previous trading day. At the same time, the market focus...
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PMI plummeted and employment
XM Forex APP News - During the Asian session on Wednesday (August 6), the US dollar index maintained a weak volatile pattern, and now trading around 98.73, a slight decline of 0.02% from the previous trading day. Despite the sharp rise last week for six consec...
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Multiple data bearish US dollar, gold prices fall below two-week high intraday t
Trading in financial markets remained sluggish on Wednesday as investors continued to look for the next catalyst. The European Statistics Office will release retail sales data for June during the European period. Later that day, the U.S. Treasury Department wi...
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Fed rate cut expectations heat up, Trump foresees a series of tariff moves
On August 6, during the trading session in Asia on Wednesday, spot gold trading was around $3,380.80 per ounce, and gold prices climbed to a nearly two-week high on Tuesday, supported by rising expectations of a U.S. interest rate cut, while investors were wai...
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New Fed Chairman may soon announce that the dollar index remains volatile
On August 6, in the early trading of Asia on Wednesday, Beijing time, the US dollar index hovered around 98.73. On Tuesday, the US dollar index maintained range fluctuations, falling shortly after the release of the US service industry PMI data, erasing most o...
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A collection of positive and negative news that affects the foreign exchange mar
1. Geopolitics and trade policy: Tariff storm and turmoil are intertwined. Trump‘s tariff policy is escalating. US President Trump announced that he will significantly increase tariffs on Indian goods imported to the United States in the next 24 hours, with th...
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Increased supply of OPEC+ drags oil prices down by nearly 2%, Fed rate cut expec
Basic news on Wednesday (August 6, Beijing time), spot gold trading was around $3,380.80 per ounce, and gold prices climbed to a nearly two-week high on Tuesday, supported by rising expectations of a U.S. interest rate cut, while investors were waiting for Pre...
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Weak employment data and political tensions drag the dollar down
In Asian sessions on Wednesday, the U.S. dollar index fluctuated slightly, and the U.S. dollar rose on Tuesday, but still hovered near the lows hit last Friday, with the market still consolidating, and a weak employment report strengthened expectations for the...
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