Today’s Market News include XAUUSD and XBRUSD Pairs

Happy Friday, traders! Let’s review the biggest news from this week’s final trading session.

Market News for today 05/04/2024

Market news for different trading pairs:


πŸ“ˆ Economic Growth Forecast:
Goldman Sachs has bumped up its prediction for how much the US economy will grow in the first quarter of 2024 to +2.5%. Right now, the US Dollar is sitting at 104.30.

πŸ›’ Oil Price Surge:
Brent crude oil prices have shot past $91 for the first time in six months. This surge is because people are worried about conflicts escalating in the Middle East, which might mess up oil supplies. As a result, XBRUSD (that’s the symbol for oil trading) has climbed to 90.80.

πŸ‡¨πŸ‡³ Yellen’s Message in China:
Janet Yellen, a top economic official from the US, went to China for five days. She’s given a serious warning: China is making way more environmentally friendly energy stuff, like electric cars and solar panels than the world actually wants.

πŸ‡―πŸ‡΅ Japan’s Exchange Rate Action:
Japan’s Prime Minister, Kishida, said they’ll step in if the value of the yen starts bouncing around too much. Right now, the yen is in a spot where Japan’s central bank might need to intervene. The exchange rate for the US dollar and Japanese yen (USDJPY) is 151.

πŸ₯‡ Gold and the Dollar:
Bridgewater, a big investment firm, thinks the dollar’s recent strength isn’t really deserved, especially since the US has a big deficit. They also think the sudden rise in gold prices is just a guess. Right now, the price of gold (XAUUSD) is at 2280.

πŸ€– Google’s New Search Plans:
Google is thinking about using artificial intelligence to make paid searches better. This could be a big change in how Google makes money. Because of this news, shares in Google (which trades as GOOGL) have dipped to 150.80.

πŸ‡ΊπŸ‡Έ US Unemployment Claims:
The number of people in the US who’ve asked for unemployment benefits for the first time hit its highest level since January. Last week, there were 221,000 new claims.

The big news for today is that if you want daily market news and signals, stay connected with Guriforex.

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