FPG :Gold has suddenly risen sharply, and the technical outlook is optimistic. Latest market news: 1. [ Biden made the announcement that he would run for president again in his 80s.] On April 25, local time, Joe Biden ran for president. When he attends the inauguration ceremony in 2025, if Biden wins a second term, he will be over 82 years old, continuing his record as the oldest president of the United States. Comments: Simultaneously, Biden's greatest opponent, Trump, was hauled somewhere near the U.S. legal framework, and Fox television, which supports Trump, has a faculty cleanse, which will likewise turn into the most uncalled for U.S. official political decision in individuals' memory. 2. [ According to the Financial Times, the European Union and Japan opposed the United States' proposal to the Group of Seven (G7) countries to prohibit the export of nearly all goods to Russia in the course of negotiations leading up to the G7 summit. This resulted in the United States' plan to completely ban exports to Russia. Comment: There will undoubtedly be a lot of opposition to the radical policies of the Biden administration. 3. [ The market expects that raw petroleum may rise] The May Day occasion in Asia is comparable to the start of the pinnacle the travel industry season in the US. As a result, oil prices will benefit from the resurgence of air travel, particularly if this holiday boom actually results in the return of Chinese tourists, who will increase demand for aviation fuel worldwide. Comments: However, investors must also take into account the potential causes of the U.S. recession, such as the fact that the Federal Reserve's tightening cycle will not likely exceed market expectations of 25 basis points in May. Progress of the circumstance in Russia and Ukraine] In view of Russian media reports and Joined Countries news, Russian Unfamiliar Priest Lavrov showed up at the Assembled Countries Central command on the 24th to go to the Unified Countries Security Chamber meeting and meet with Joined Countries Secretary-General Guterres. The different sides held counsels on the circumstance in Ukraine and talked about the execution of the settlement on the unfamiliar transportation of horticultural items in Dark Ocean ports. Comments: In a letter addressed to Lavrov by Guterres, the Russian president outlined the relevant terms of the agreement regarding the transportation of agricultural goods through Black Sea ports. He also wrote letters to Turkey and Ukraine, the other two countries that had signed the agreement. 5. [ The fight broke out again after night in Sudan] The Sudanese truce understanding interceded by the US "appears to have been kept up with in certain areas up until this point", yet there is no sign that the fighting gatherings are prepared to "haggle genuinely, which suggests that the two sides feel that they might overcome each other to accomplish a tactical triumph". Comments: There is a possibility that hundreds of thousands of people will flee to countries nearby, according to the UN refugee agency. 6. [ The deficiency of stores of 100 billion US dollars stunned the market] The deficiency of stores of the Principal Republic Bank surpassed 100 billion US dollars last month actually stunned the market. The share price of First Republic Bank fell by nearly 30 percent during the morning session of U.S. stocks on Tuesday, establishing a new record low. This year, the stock has lost more than 90% of its value. The bank stated that it plans to lay off up to 25% of its employees in response to the "unprecedented" outflow of deposits and is still considering strategic options and measures to improve capital strength. Comments: The issue at hand is whether or not this risk will bring about a broader range of concerns in the banking sector, or whether it will only affect the First Republic Bank. Nanshi, FPG Special Analyst: The short-term wave of spot gold rose sharply yesterday evening, rising by more than $10 throughout the day. Gold appears to have reversed the previous weak pattern, technically speaking. A new rise will occur if there is sufficient strength to break through the front-line gold of 2008. The market will focus on U.S. GDP and the personal consumption expenditure (PCE) price index for the first quarter this week in terms of economic data. The center PCE cost file is the Federal Reserve's #1 expansion marker. Central bank Director Powell has over and over focused on that this is a more precise pointer to gauge the pattern of expansion. FPG special analyst Dawson: The European Central Bank's chief economist, Philip Lane, stated on Tuesday that recent economic data indicate that the bank will raise interest rates once more at its May 4 policy meeting. He stated, " According to the current data, we ought to raise interest rates once more next week. This present time isn't the opportunity to stop. The European Central Bank will raise interest rates once more in May, according to the latest data from the eurozone. FPG special analyst Dave's opinion: On Tuesday, the expected interest rate cut by the U.S. Federal Reserve (Federal Reserve) this year and the U.S. dollar index falling to their lowest levels in more than a week supported a slight rise in U.S. crude oil. Investors, on the other hand, are hopeful that China's holiday tourism will increase fuel demand. China is the largest oil importer in the world. FPG special analyst Yue Lin: Investors began to worry about the banking sector as the First Republic Bank stock price plummeted by more than 44% and the consumer confidence index fell to a nine-month low. Biden's veto of the debt ceiling plan and Yellen's warning that the economic disaster caused by treasury bond default put pressure on the market and the United States, in addition to the spread of the banking crisis, occurred simultaneously. U.S. shopper certainty has dropped to its least level in July, which is far and away more terrible for U.S. stocks. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex