EBC Daily Snapshot May 27, 2024

The dollar started steady on Monday, with markets eyeing inflation data. Bullish sentiment fades as the US economy cools.
EBC Financial Group | 183 days ago
Stocktwits

EBC Forex Snapshot

27 May 2024

The dollar made a steady start to the week on Monday, as markets were focused on a slew of upcoming inflation data. Bullish sentiment on the dollar is rapidly receding amid signs the US economy is cooling.

While leveraged funds still held bullish wagers on the greenback last week, asset managers among the group held a net short position for the first time in six weeks, CFTC data showed.

Investors have been chasing income and selling low yield currencies such as the yen and Swiss franc. The latter currency has been weak all year, trading not far from the multi-month low hit earlier this month.

EBC Investment Strategy Report Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC Financial Group or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
Tags: Analysis
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Dollar pulls back ahead of key inflation data

Dollar pulls back ahead of key inflation data

Dollar traders lock gaze on PCE inflation numbers - Inflation stickiness could increase Fed pause chances - Yen strengthens on safe-haven demand - S&P 500 and Dow Jones hit record highs, gold rebounds
XM Group | 11h 1min ago
Daily Global Market Update

Daily Global Market Update

Bitcoin faces a bearish trend, while Alibaba Bar stock shows potential for upward movement. The Aussie Dollar is correcting downwards but may recover, and Gold is on an upward trajectory. Global markets are influenced by geopolitical tensions and economic indicators. Key economic events this week include Japanese and European data releases.
Moneta Markets | 15h 30min ago
All Eye on Today’s PCE

All Eye on Today’s PCE

Ahead of today’s U.S. PCE reading, most asset classes remained steady as markets await direction. A higher-than-expected reading could bolster the dollar.
PU Prime | 15h 53min ago
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