The use of overnight reverse repurchase agreements (RRPs) by the Federal Reserve on Friday was $155.476 billion, the lowest since 2021, and was reported at $2012.78 billion in the last trading day. Only 41 counterparties participated, significantly less than the usual level in the past.
On September 7th, according to the monitoring of 4E Exchange, the three major indices of US stocks fell across the board on Friday. In the first trading week of September, the Nasdaq fell by 5.77%, the largest weekly decline since January 2022; the S & P fell by 4.25%, and the Dow fell by 2.93%, both hitting the largest weekly decline in a year and a half. The crypto market continued to slump, with Bitcoin falling by more than 10.51% and Ethereum falling by more than 13.84%. The US non-farm payr...
The dollar held steady near a one-week high against major currencies on Friday as traders tempered expectations of a sharp interest rate cut by the Federal Reserve. The dollar is on track to end a five-week losing streak as the U.S. job market and GDP data point to a soft landing for the U.S. economy. All eyes are now on U.S. PCE inflation data to be released later today, which could affect expectations for the pace at which the Federal Reserve will cut interest rates. Federal Reserve Chairperso...
August 2nd news, as the market awaits the US non-farm payrolls report on Friday, analysts at ING warned that the data may be biased towards weakness, which may exacerbate the volatility of financial marekts including cryptocurrencies. According to economists surveyed by the Wall Street Journal, the data to be released at 20:30 Beijing time shows that the United States added 185,000 jobs in July, down from 206,000 in June; the unemployment rate remained at 4.1%, unchanged from June, while...
Gold prices rebounded slightly after the US core PCE data was released last Friday, but the lack of upward action could lead to a key support within the day. If it falls below this level, it may trigger a deep correction.