Market News include XAUUSD, XBRUSD and Indices for today

Good day, traders! Today, we will be discussing the latest updates that are shaping the financial landscape.

Market news for today

Today’s Market Updates Across Various Trading Pairs:

πŸ‡ΊπŸ‡ΈΒ JPMorgan’s CEO foresees a possibility of the Fed raising rates to 8% or higher due to persistent inflationary pressures, partly stemming from budget deficits and military conflicts.

πŸ₯‡ Gold continues to maintain record highs as anticipation builds ahead of the US inflation data release. This surge comes amidst the widest gap ever observed between gold prices and real yields on US 10-year bonds. Currently, XAUUSD has soared to 2345.

πŸ›’ Despite speculation, Goldman Sachs suggests that Brent oil prices are unlikely to hit $100. Presently, XBRUSD is trading at 90.

πŸ“ˆ Wells Fargo has raised its year-end target for the S&P 500 in 2024 from 4625 to 5535 points. This decision is fueled by bullish market sentiment, optimism surrounding AI advancements, and the potential easing of Fed policy. Currently, the US500 stands at 5210.

πŸ‡ͺπŸ‡Ί Citi has adjusted its forecast, now expecting 4 ECB rate cuts in the current year, each by 0.25%, down from the earlier projection of 5 cuts. As of now, the EU50 stands at 5049.

πŸ‡―πŸ‡΅ The head of the Bank of Japan has affirmed the continuation of a soft monetary policy, while also hinting at potential stimulus reductions. Future rate adjustments will be contingent upon forthcoming data. Meanwhile, the JP225 index climbs to 39760.

🌐 Sentiments among consumers regarding Bitcoin’s future remain divided. A third of respondents in a Deutsche Bank survey anticipate a drop below 20,000 by year-end. Presently, BTCUSD is at 70,862.

❌ Turkey has imposed export restrictions on Israel following a disagreement over aid shipments to Gaza. The Trade Ministry has placed limitations on the export of 54 manufactured goods starting April 9.


Today’s big news is this: If you’re seeking daily updates on market happenings and signals, keep yourself connected with Guriforex.


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