Analyse

Dollar Strengthen as Inflation Data Remain High

The highly anticipated PCE reading released last Friday catalysed the U.S. dollar, pushing it above its previous resistance level of $101.00 to reach a weekly high.

PU Prime | il y a 83

AUD/USD Poised for Potential Rise Amid RBA's Cautious Stance

The AUD/USD pair shows signs of potential resurgence as it trades near 0.6802, consolidating within a sideways range at its local peaks towards the end of August.

RoboForex | il y a 86

EBC Daily Snapshot Aug 30, 2024

The dollar neared a one-week high on Friday, set to end a five-week slide, as strong economic data reduced bets on aggressive Fed rate cuts.

EBC Financial Group | il y a 86

Dollar edges up ahead of PCE inflation as stocks drift

All eyes on US core PCE and consumption as bets for 50-bps cut stall. Dollar headed for weekly gains but Nasdaq has disappointing week. Euro on the backfoot as soft Eurozone CPI cements September cut

XM Group | il y a 86

EBC Markets Briefing | Sterling rally looks shaky amid excess speculative bets

Sterling remained at a 2-year high Friday, with analysts warning that speculative rate bets driving the rise could quickly reverse.

EBC Financial Group | il y a 86

Upbeat U.S. GDP Spurs Dollar Strength

The U.S. GDP released yesterday surpassed market expectations, which has tempered some speculation about a Fed rate cut and spurs dollar's strength.

PU Prime | il y a 86

Daily Global Market Update

GBP/USD dipped slightly. Bitcoin surged. Oil prices rose significantly. AUD/USD gained. Ether ETFs saw positive inflows. Gold prices rose due to expected Fed rate cut. Oil prices increased due to supply disruptions. Upcoming economic highlights include Euro Zone CPI, Japan's housing starts, US personal income/spending, Germany's retail sales, and Japan's construction orders.

Moneta Markets | il y a 86

EBC Daily Snapshot Aug 29, 2024

The dollar steadied on Thursday, recouping some losses. Markets fully expect a 25-bp Fed rate cut next month, with a 34.5% chance of a 50-bp cut.

EBC Financial Group | il y a 87

Nvidia earnings fail to buoy markets, focus turns to US data

Nvidia slumps in after-hours trading as earnings don’t excite. Equities mixed as attention turns to US data for direction. Kiwi outperforms, euro slips on soft German and Spanish CPI figures.

XM Group | il y a 87

EUR/USD Stabilises Ahead of Core PCE Inflation Report

The EUR/USD pair is holding steady at around 1.1134 as markets consolidate USD positions during a lull in significant news. Investors are now keenly awaiting the release of the Core PCE inflation data, a critical metric that the Federal Reserve uses to gauge inflationary pressures and shape its interest rate policy.

RoboForex | il y a 87

EBC Markets Briefing | Oil in the doldrums despite Libya’s lower output

Oil prices stayed steady Thursday as a smaller US crude draw and worries over China demand balanced out Libyan supply disruptions.

EBC Financial Group | il y a 87

BoE Governor Bailey's Cautious Tone at Jackson Hole Reflects European Realities

At the recent Jackson Hole symposium, Bank of England (BoE) Governor Andrew Bailey struck a more cautious note in his speech compared to the assertiveness of Fed Chair Jerome Powell.

ACY Securities | il y a 87

Fed Chair Powell’s Speech Sends Shockwaves Through Forex Markets

Last Friday, Federal Reserve Chair Jerome Powell delivered a speech that reverberated through the financial markets, with the U.S. dollar bearing the brunt of the impact.

ACY Securities | il y a 87

Eye on Today’s U.S. GDP

Nvidia's highly anticipated earnings report was released yesterday, but despite the numbers beating market consensus, the performance lacked a "wow" factor for investors. As a result, the market seemed to have already priced in the earnings, leading to a decline in all three major indexes on Wall Street.

PU Prime | il y a 87

Daily Global Market Update

The EUR/USD pair declined, while the USD/JPY pair rose. Gold prices fell despite a positive MACD signal. Google's stock dropped, supported by a negative Stochastic RSI. The US dollar rebounded due to month-end buying, and Wall Street's main indexes were lower. Berkshire Hathaway's market value exceeded $1 trillion.

Moneta Markets | il y a 87