Happy Tuesday, dear traders! Let’s discuss the news for the beginning of the week:
🇺🇸 The US SEC is expected to adopt a rule requiring proprietary traders dealing in US government bonds to register as broker-dealers, aiming to address liquidity issues in the $26 trillion Treasury market.
🇨🇳 Chinese regulators are set to brief President Xi Jinping on stock market conditions and policy measures, raising hopes for more decisive action to end the stock market slump. The CSI 300 Index rose 3.48%.
🇩🇪 German Finance Minister Christian Lindner warns that Germany is becoming poorer due to its lack of economic growth, highlighting its competitiveness issues and the challenges facing Europe's largest economy.
📈 NVIDIA (#NVIDIA) stock is up 6.0% after Goldman Sachs raised its target price from $625 to $800, with shares trading at $693.
⭐️ Alphabet (#GOOGLE) plans to seek outside investment for its GFiber internet service to expand more aggressively in the US, competing with major internet service providers and seeking future independence from Alphabet. Google shares rose 0.91%.
🇦🇺 The Reserve Bank of Australia left interest rates unchanged at 4.35%, citing persistently high inflation as a reason for potentially more rate hikes in the future despite recent data showing inflationary pressures easing.
🥇 Gold prices stabilized after a sharp drop as a pause in the dollar rally shifted attention to the $2,000 support level amid expectations of a prolonged US interest rate hike amid robust economic data and comments from the Fed chairman.
🛢 Oil prices held steady as tensions in the Middle East and hawkish Federal Reserve comments influenced the market, with geopolitical risks balancing against a stronger dollar affecting commodity attractiveness.
➡️ TRADE WITH *ENCLAVEFX*
🇺🇸 The US SEC is expected to adopt a rule requiring proprietary traders dealing in US government bonds to register as broker-dealers, aiming to address liquidity issues in the $26 trillion Treasury market.
🇨🇳 Chinese regulators are set to brief President Xi Jinping on stock market conditions and policy measures, raising hopes for more decisive action to end the stock market slump. The CSI 300 Index rose 3.48%.
🇩🇪 German Finance Minister Christian Lindner warns that Germany is becoming poorer due to its lack of economic growth, highlighting its competitiveness issues and the challenges facing Europe's largest economy.
📈 NVIDIA (#NVIDIA) stock is up 6.0% after Goldman Sachs raised its target price from $625 to $800, with shares trading at $693.
⭐️ Alphabet (#GOOGLE) plans to seek outside investment for its GFiber internet service to expand more aggressively in the US, competing with major internet service providers and seeking future independence from Alphabet. Google shares rose 0.91%.
🇦🇺 The Reserve Bank of Australia left interest rates unchanged at 4.35%, citing persistently high inflation as a reason for potentially more rate hikes in the future despite recent data showing inflationary pressures easing.
🥇 Gold prices stabilized after a sharp drop as a pause in the dollar rally shifted attention to the $2,000 support level amid expectations of a prolonged US interest rate hike amid robust economic data and comments from the Fed chairman.
🛢 Oil prices held steady as tensions in the Middle East and hawkish Federal Reserve comments influenced the market, with geopolitical risks balancing against a stronger dollar affecting commodity attractiveness.
➡️ TRADE WITH *ENCLAVEFX*