Global financial markets are focused on important economic data that could impact trading trends. This data not only provides insights into the economic situation of major countries but also influences investor sentiment and the value of assets such as the JPY, USD, and gold. Let’s take a look at the key news for today:
Notes For Today 30/09/2024
🔥 Japan’s Industrial Production
At 06:50, Japan’s industrial production data will be released. If the actual figure is higher than expected, the JPY is likely to strengthen. Conversely, if it’s lower, the JPY will face downward pressure.
🔥 FOMC Member Bowman Speaks
At 19:50, FOMC member Ms. Bowman will deliver an important speech. Statements from FOMC members often provide clues about future monetary policy, affecting market sentiment and investor expectations regarding interest rates.
🔥 Chicago PMI
At 20:45, the Chicago PMI will reflect the economic health of the manufacturing sector. A figure above 50 indicates expansion, which could bolster the USD, while a figure below 50 signals contraction and may exert downward pressure on the currency.
🔥 Gold Prices
Gold prices are stable today, with SJC gold bars priced from 8,150,000 VND (buy) to 8,350,000 VND (sell). On the international market, gold fell 0.52% to 2,658.55 USD/ounce, though it has risen about 14% this quarter.
🔥 Bond Yields
The yield on China’s 30-year Treasury bonds has decreased to 2.38%, while the 10-year yield has also dropped to 2.19%, reflecting cautious market sentiment.
🔥 Fed’s Rate Cut Move
Finally, the Fed’s decision to cut interest rates to a range of 4.75% to 5% is viewed as a significant shift, marking a transition from tightening to easing to prevent rising unemployment.
=> Investors should closely monitor these key indicators and data to make informed decisions in the ever-changing economic landscape.
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