Analysis
USA PPI Had a Huge Impact on the Markets Followed by Tonight USA CPI and Eurozone CPI
The Dollar Index (USD/DXY) experienced a rebound, decreasing from 103.274 all the way to 102.628. This drop has happened by a weaker than expected PPI on the 13/08/2024 from USA, with the expectation being for the core PPI (MoM) (Jul) 0.2% that came in at 0% and the previous has been revised down from 0.4% to 0.3% same goes for the PPi (MoM) (Jul) that was expected to be 0.2% as no change from the
ACY Securities
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63 days ago
Forex Market Report - 16th August 2024
Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.
DNA Markets
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63 days ago
Dollar and risk appetite rise on upbeat data
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Dollar and risk appetite rise on upbeat data
FxPro
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63 days ago
Potential mega-quake in Nankai Trough: the Yen’s safe haven status Yen's safe haven status: shifting dynamics post-2010
The Japan Meteorological Agency has issued a warning about a potential mega quake in the Nankai Trough, following a magnitude 7.1 quake in the region.
Deriv
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63 days ago
EBC Daily Snapshot Augl 15, 2024
Consumer prices fell below 3% for the first time since 2021, causing the dollar to weaken. The pound rose with 0.6% UK Q2 GDP growth.
EBC Financial Group
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63 days ago
EBC Markets Briefing | Oil prices rise but demand concerns linger
Oil prices rose on Thursday, recovering some losses amid hopes for Fed rate cuts, though concerns over slow global demand capped gains.
EBC Financial Group
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63 days ago
US inflation hardly justifies a 50 b.p. cut
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: US inflation hardly justifies a 50 b.p. cut
FxPro
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63 days ago
US retail sales eyed after CPI report fails to set off fireworks
US inflation eases further in July but market reaction is muted. Wall Street unimpressed, dollar mixed. Yen and pound supported by upbeat GDP data.
XM Group
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63 days ago
Technical Analysis – AUDUSD rebound gets blocked by 50-day SMA
AUDUSD has surged by around 4.5% from the August 5 low of 0.6347 but the recovery has hit a snag at the 50-day simple moving average (SMA) in the 0.6635 region. After two days of unsuccessful attempts to overcome this barrier, the price has now slipped below the 61.8% Fibonacci retracement of the July-August slump at 0.6625.
XM Group
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63 days ago
A New Downturn in the Crypto Market
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: A New Downturn in the Crypto Market
FxPro
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63 days ago
Wall Street Rally on Soft CPI
The most anticipated economic indicator of the week, the U.S. Consumer Price Index (CPI), was released yesterday, coming in at 2.9%, below the 3% threshold and in line with the Producer Price Index (PPI) data from the previous day. This further sign of easing inflationary pressure in the U.S. has heightened expectations that the Federal Reserve may implement its first rate cut in September.
PU Prime
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63 days ago
Daily Global Market Update
The Euro/Dollar and Dollar/Yen pairs saw slight gains of 0.1% each, with the former in overbought territory. Gold fell 0.6% against the Dollar, while NIO shares dropped 4.8%. The dollar weakened as US inflation data hinted at potential Fed rate cuts, boosting the euro to an 8-month high. Wall Street showed mixed results, with tech stocks declining.
Moneta Markets
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63 days ago
EBC Daily Snapshot Augl 14, 2024
The dollar lagged on Wednesday as US producer prices slowed and service costs fell the most in nearly 1.5 years, signaling easing price pressures.
EBC Financial Group
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64 days ago
USD/JPY Sees Retreat Amid US Dollar Weakness
USD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July's lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a potential 50 basis point cut by the Federal Reserve at its upcoming September meeting.
RoboForex
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64 days ago
EBC Markets Briefing | Wall St touches near two-week high
US indexes closed higher Tuesday, hitting a near two-week high after softer producer price data boosted expectations of a Fed rate cut in September.
EBC Financial Group
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64 days ago
Markets perk up as soft PPI sets the tone ahead of US CPI
Stocks perk up after soft US producer prices, all eyes now on CPI report. Kiwi slumps after RBNZ cuts rates and signals more to come. Pound also slips on weaker-than-expected UK inflation data. Gold holds near record high as dollar skids, ME tensions mount.
XM Group
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64 days ago
Ethereum is gently gaining momentum
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Ethereum is gently gaining momentum
FxPro
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64 days ago
US Dollar's Recent Stability Amidst Prior Volatility
After a period of heightened volatility, the US dollar has entered a more stable phase, particularly evident in the USD/JPY currency pair. The stabilization of this pair within the 141.60-147.00 range reflects a balancing act between the US and Japanese monetary policies.
ACY Securities
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64 days ago
The Fed's Surprise Larger Rate Cuts Loom—What This Means for the U.S. Dollar
The U.S. economy in 2024 is navigating through a transitional phase. The moderate deceleration observed in the second half of the year is not entirely unexpected, given the cumulative impact of tight monetary policy over the previous quarters. Key indicators like GDP growth, consumer spending, and industrial production suggest that while the economy is not in recession, it is certainly cooling off
ACY Securities
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64 days ago
Geopolitical Tensions as Oil Prices Stay Steady & RBNZ Being on a Data Dependent Regime
By August 2024, the US dollar has proven to be impressively resilient as global financial markets start to settle down after a bumpy ride. This newfound calm is rippling through currency markets worldwide, influencing both established and emerging market currencies. The dollar remains strong, thanks to the solid foundation of the US economy—think robust job growth, steady consumer spending, and in
ACY Securities
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64 days ago
