News

On April 24, Friday, the dollar is poised to achieve its first weekly gain in three weeks, as stalled peace negotiations between the U.S. and Iran have dashed hopes for a rapid easing of tensions in the Middle East. With a ceasefire agreement between Lebanon and Israel set to expire on Sunday, Iran has demonstrated its control over the Strait of Hormuz by releasing video footage of its special forces conducting a raid on a giant cargo ship, making the timeline for reopening this shipping route uncertain. A senior analyst at MUFG Bank stated, 'Reports indicate that negotiations between the U.S. and Iran have made no progress, yet oil prices remain strong, which is supporting the dollar's upward trend.' (Jin Shi)

(1) Analysis rationale: The strengthening of the US Dollar Index combined with US Treasury yields remaining high reinforces market expectations that the Federal Reserve will prolong its tightening cycle, putting pressure on gold. Rising oil prices boost inflation expectations but also push expected interest rates higher, weakening gold's appeal. After breaking short-term support from a technical perspective, gold has entered an adjustment phase and is showing short-term weakness. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation (3) Resistance: 4700, 4750, 4780 (4) Support: 4680, 4650, 4620;

Glonghui, April 24 — Online travel company Expedia Group has appointed former Snap executive Derek Andersen as its new Chief Financial Officer, succeeding Scott Schenkel. The appointment will take effect on May 11. This move comes at a time when the market is concerned that artificial intelligence could disrupt the business models of most online travel companies.