EBC Daily Snapshot Jul 16, 2024
The dollar rose from five-week lows on Tuesday as investors weighed rate-cut prospects after Fed Chair Powell's comments and Trump's re-election odds.
EBC Financial Group
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Crypto: From Fear to Greed in One Week
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto: From Fear to Greed in One Week
FxPro
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hace 17h 6min
Weekly review: USD marching alongside with Gold & Stocks
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Weekly review: USD marching alongside with Gold & Stocks
FxPro
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hace 17h 12min
EBC Markets Briefing | European stocks face lower bar now
Analysts have lowered their earnings forecasts for European companies at the fastest rate in seven months, expecting less impact on stock prices.
EBC Financial Group
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hace 17h 39min
EBC Markets Briefing | Dow nabs closing record on TSMC’s buoyant report
The Dow hit its fourth record close in five sessions on Thursday, boosted by strong retail sales and TSMC's positive forecast.
EBC Financial Group
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hace 21h 10min
Strong US data keep the dollar in demand
ECB cuts rate, keeps door wide open to a December move; Euro suffers as US retail sales surprise on the upside; Focus today is on Fedspeak and in particular Fed’s Bostic; Gold surpasses $2,700 as China announces further measures
XM Group
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hace 21h 36min
EURGBP goes back to a downtrend
EURGBP charts new 2 ½-year low after UK retail sales beat estimates . Short-term bias is skewed to the downside, but price near familiar support line.
XM Group
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hace 22h 22min
Daily Global Market Update
The GBP/USD pair made a minor upward correction, while Bitcoin/USD fell. Oil prices remained stable, and the Australian dollar gained. Global financial headlines included record-breaking Bitcoin ETF inflows, falling oil prices, and rising gold prices. Upcoming economic highlights include UK retail sales, housing starts, and budget statements.
Moneta Markets
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Dollar Strength and Chinese Renminbi Weakness
The U.S. dollar has shown persistent strength in global currency markets, with the dollar index breaking above the critical 103.00 level. This resurgence has been driven by a combination of factors, including robust economic data from the U.S., heightened global risk aversion, and relative weakness in other major currencies, most notably the Chinese renminbi (CNY).
ACY Securities
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