Analysis

Dollar Eases Ahead of Key U.S. Job data

Dollar Eases Ahead of Key U.S. Job data

The U.S. dollar lost strength after reaching a two-week high. The release of the Fed's Beige Book indicated a decline in economic activity, a softening labour market, and moderating wage growth, which fueled speculation of a potential Fed rate cut. This dampened the dollar's momentum, as traders now await Friday's NFP report, which could be pivotal for the Fed's interest rate decision
PU Prime | 84 days ago
Daily Global Market Update

Daily Global Market Update

The Euro gained, Dollar-Yen dropped. Gold traded sideways, Tesla surged. US Dollar weakened after job data, suggesting larger Fed rate cuts. Global equities fell, safe-haven assets sought. Watch US ADP, ISM, Eurozone Retail, Japan Household, Australia Trade, and Japan Foreign Reserves.
Moneta Markets | 84 days ago
EUR Breaking New Ground Amid Shifting Monetary Policies

EUR Breaking New Ground Amid Shifting Monetary Policies

The euro has recently consolidated at higher levels, signalling a potential shift in the currency's trading dynamics. After breaking out of the 1.0500 to 1.1000 trading range that had dominated much of the landscape since late 2022, the euro is now trading within a new, higher range between 1.1000 and 1.1500.
ACY Securities | 84 days ago
Wall Street tumbles amid September blues

Wall Street tumbles amid September blues

Yen and franc gain, aussie the main loser - Wall Street tumbles on risk-off September start - ISM mfg. PMI rekindles economic concerns - Oil collapses on prospect of Libyan accord
XM Group | 84 days ago
Daily Global Market Update

Daily Global Market Update

Bitcoin, Amazon, Australian Dollar, Gold prices declined. Indicators suggest oversold conditions for Bitcoin, Australian Dollar, positive for Amazon, negative for Gold. Global headlines include gold price decline, Boeing delay, Cardano decline. Key economic events include GDP data, factory orders, job openings, service PMI.
Moneta Markets | 85 days ago
Wall Street Plummet on Poor PMI Reading

Wall Street Plummet on Poor PMI Reading

Wall Street experienced a significant single-day sell-off yesterday, with the Nasdaq leading the decline, dropping more than 3%. Nvidia, a key player in the AI sector, saw a massive $279 billion loss in market value as its share price plunged by 9.5%
PU Prime | 85 days ago
Dollar: rebound or more?

Dollar: rebound or more?

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Dollar: rebound or more?
FxPro | 85 days ago