EBC Daily Snapshot Augl 6, 2024
The US dollar was nursing steep losses on Tuesday as the ISM service PMI rebounded from a four-year low in July amid an increase in new orders.
EBC Financial Group
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111 days ago
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Gold stalls near 2,700. Is it losing its shine?
Gold switches to loses before reaching all-time high. A consolidation phase likely in the short-term.
XM Group
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30 minutes ago
EUR/USD Amid Slowing European Economy
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB).
RoboForex
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1h 32min ago
Geopolitics and Trump’s cabinet selections guide market sentiment
Possible ceasefire in Lebanon, gold dives; A shortened week in the US due to Thanksgiving celebrations; Trump’s Treasury Secretary nomination pleases equity markets; Dollar loses ground against euro and yen; bitcoin fails at $100k
XM Group
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1h 45min ago
Crypto Recharged Over the Weekend
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto Recharged Over the Weekend
FxPro
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1h 56min ago
Macro data showed divergence, with a significant rise last Friday; geopolitical tensions have escalated, and gold prices have risen back above 2710
Last Friday, the market generally believed that Trump's rise to power would boost the US dollar, and the weakening of expectations for Fed rate cuts next year further supported the dollar's movement.
CWG Markets
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2h 32min ago
EBC Markets Briefing | Aussie dollar firmed despite China concerns
The Australian dollar edged higher Monday as the RBA remained hawkish, noting China's stimulus may have only a "modest" impact on Australia this time.
EBC Financial Group
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2h 48min ago
Daily Global Market Update
Oil rallied, Aussie Dollar dipped, Euro weakened, Dollar-Yen corrected. Global stocks surged, led by tech optimism. Bitcoin nears $100K, market awaits US policy shifts. Key economic data from Japan, US, Eurozone, and Germany due.
Moneta Markets
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5h 18min ago
Dollar Plummet on Trump’s Treasury Secretary Speculation
The U.S. Dollar faced a sell-off during the Asian session as market sentiment shifted with speculation around Donald Trump’s potential Cabinet appointments.
PU Prime
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6h 7min ago
