EBC Daily Snapshot May 29, 2024

Wednesday saw the dollar rise as the Fed might delay rate cuts. The Aussie dollar stayed flat after strong inflation data.

Réglementation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Daily Global Market Update

Daily Global Market Update

Oil prices plummeted, the Aussie dollar remained stable, and the euro and yen strengthened against the dollar. Global markets reacted to China's slowing economy, rising US budget deficit, and tech stock gains. Upcoming economic events include US bill auctions, German producer prices, Chinese interest rates, and New Zealand trade data.
Moneta Markets | il y a 2h 13min
Strong US data keep the dollar in demand

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 | il y a 2
EURGBP goes back to a downtrend

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 | il y a 2
Daily Global Market Update

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 | il y a 3