On Thursday, financial market trading experienced significant volatility. The United States released two critical pieces of data at 7:30 PM WIB, namely the QoQ II GDP and unemployment claims. The GDP figure showed a growth of 3.3%, surpassing expectations of 3% and a notable improvement from a previous reading of -0.5%.<\/p>\n
In addition, unemployment claims declined to 229,000, lower than the anticipated 237,000 and down from the previous figure of 234,000. These favorable data points helped bolster the US Dollar despite prevailing dovish sentiments from the Federal Reserve and concerns regarding the Fed’s independence.<\/p>\n
GOLD<\/strong><\/p>\n Gold prices adjusted down to $3,406 during the Asian trading session after reaching a five-month high of $3,423 earlier. This decline was prompted by discussions surrounding the Fed’s independence from political pressure, raising expectations for quicker interest rate cuts. Although Gold saw some weakness, there remain opportunities for an upside during the European session today, buoyed by an overall loose monetary policy sentiment in the US.<\/p>\n OIL<\/strong><\/p>\n Oil prices rose to $64.31 at the morning session’s opening. This increase was fueled by potential geopolitical tensions following reports that President Trump was dissatisfied with Russia’s actions in Ukraine. This situation has generated expectations that the US may take actions that could disrupt global oil supply, positively impacting oil prices.<\/p>\n EURUSD<\/strong><\/p>\n Profit-taking actions in the Asian session put pressure on EURUSD, bringing it down to 1.1656. Nonetheless, a bullish outlook remains possible as the US Dollar is still weighed down by dovish sentiments from the Fed and market doubts concerning the Fed’s independence.<\/p>\n GBPUSD<\/strong><\/p>\n GBPUSD weakened during the Asian opening session, dropping to 1.3492. However, the decrease is somewhat limited as the Bank of England tends to maintain higher interest rates. Coupled with dovish expectations from the Fed, this pair still shows potential for recovery.<\/p>\n USDJPY<\/strong><\/p>\n USDJPY moved higher to 147.108 in the Asian session, driven by economic data from Japan that came in lower than expected. However, selling pressure on the US Dollar could result in this pair retracting in the European session.<\/p>\n NASDAQ<\/strong><\/p>\n The Nasdaq remained stable following a significant surge in trading on Thursday. The bullish outlook continues into the European session, supported by the Fed’s dovish stance and the resilience of technology stocks, which remain the main drivers for the Nasdaq.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" On Thursday, financial market trading experienced significant volatility. The United States released two critical pieces of data at 7:30 PM WIB, namely the QoQ II GDP and unemployment claims. The GDP figure showed a growth of 3.3%, surpassing expectations of 3% and a notable improvement from a previous reading of -0.5%. In addition, unemployment claims […]<\/p>\n","protected":false},"author":4,"featured_media":21040,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5170,142],"tags":[5175,5174,5176,5178,5177,5168],"class_list":["post-84733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-summary","category-news","tag-cls10","tag-eurusd","tag-gbpusd","tag-nq","tag-usdjpy","tag-xauusd"],"yoast_head":"\n