Gold fell below $3,150, oil prices dropped over 3%, and the US dollar fell 0.7% against the Japanese yen.
European stocks slightly declined, India’s stock market continued to rise, US oil and Brent crude oil both dropped over 3%, spot Gold fell about 1%, the USD decreased by about 0.3%, and the USD against the Japanese yen fell about 0.7%.
Dollar Falls on Renewed Speculation Trump Wants to Engineer Weaker Currency -- Market Talk
The Fed Wants to Hit Its Inflation Target. Why It Might Not Get To. -- Barrons.com
Federal Reserve's Rate Cut Might Not Come Until December -- Market Talk
Peter Schiff Warns Qatar's $200 Billion Boeing Deal Could Spike US Inflation, Interest Rates — Says Treasury Sell-Off May Follow
Is the situation set? The US dollar is headed for long-term depreciation!
Deutsche Bank stated that current extreme valuations and positions make the dollar particularly susceptible to shocks. Data shows that the dollar has been overvalued relative to purchasing power parity (PPP) by more than 20% for three consecutive years, which is unprecedented in history. The valuation of USA Stocks has also reached historical highs compared to other Global markets, with a PE premium of up to 60% a few months ago.
Is it an eagle or a dove? Federal Reserve's Goolsbee: I am a "dog".
① With the unclear inflation outlook under the trade war, many Federal Reserve officials are currently waiting for more data before making any decisions on interest rate cuts; ② Chicago Fed President Goolsbee described himself on Wednesday as a "data dog," stating that he just wants to better assess the economic situation.
Making Trump happy! Can the wealthy sheikhs of the Middle East really come up with "trillions" so easily?
There is a significant gap between the economic and fiscal capabilities of the Gulf countries and these huge numbers they have committed to; Saudi Arabia's GDP is just slightly above one trillion dollars, and Qatar's GDP is only a little over two hundred billion dollars, while fluctuations in oil prices may further threaten the realization of these commitments.
The President of the San Francisco Federal Reserve, Daly, strongly supports Powell's hawkish view: The Federal Reserve is in no hurry to cut interest rates.
Mary Daly, the President of the Federal Reserve Bank of San Francisco, stated that the strength of the USA economy allows policymakers to patiently wait for more evidence to understand how the Trump administration's policies will affect businesses and households.
As the clouds of tariffs gradually disperse, Wall Street giants collectively boost the Crediting market.
After significant progress in the China-U.S. trade negotiations, Wall Street Analysts, including Goldman Sachs, are revising their full-year forecasts and becoming more optimistic about the market outlook.
Consumer Cos Up as Recession Fears Fade - Consumer Roundup
Trump: Treasury Secretary Besant understands the market, and once he appears on Television, everything rises.
Former USA President Trump has commented on the market again. He recently stated that USA Treasury Secretary Besent understands the market. As soon as Besent appears on Television, everything tends to rise. The USA stock market saw a slight increase in the short term, maintaining its upward trend for the day. The USD/CHF pair rose by 0.5% during the day, reported at 0.843. Besent's speech that day discussed trade negotiations. Furthermore, media reports on Wednesday cited informed sources stating that the USA would not seek a devaluation of the dollar in the trade agreement, with Besent being the only member responsible for handling these issues. It is also worth noting that Trump's comments on the USA stock market on Tuesday and Wednesday did not trigger the previous upward effect on the stock market when it was at a low point. On Wednesday, the S&P 500 Index barely rose.
Dollar Slips; Nasdaq Edges Up -- WSJ
Report: The USA will not seek a depreciation of the dollar in the trade agreement, and the dollar is expected to rise overall today.
Media reports citing informed sources indicate that the USA will not seek a devaluation of the USD in trade agreements. Secretary of the Treasury Basant is the only member responsible for dealing with these issues, with no one else assigned for MMF policy consultations, and negotiations can only take place in Basant's presence. The USD surged about 20 points in the short term, rising above 101, with an overall increase during the day.
April US Industrial Production Expected to Rebound, Manufacturing to Decline
Federal Reserve Watch for May 14: Jefferson Says Monetary Policy Well Positioned to Deal With Potential Tariff Impacts
Daily Roundup of Key US Economic Data for May 14
Retail Sales, PPI, and Jobless Claims Highlight Thursday's Economic Data
March US Business Inventories, Business Sales Both Expected to Increase
Inflation Just Hit a 4-year Low. Don't Expect Price Relief to Last Even as Trade Wars Die Down.