Analysis
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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102 days ago
Dollar Eases, Stocks Soar, Yields Fall on Softer US PPI
A softer than expected rise in US producer prices (PPI) in July, up 0.1% against estimates of 0.2% lifted Wall Street stocks. The Dollar Index (USD/DXY), which weighs the value of the Greenback against a basket of 6 major FX, eased to 102.59 (103.10).
ACY Securities
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102 days ago
Dollar Eases on Soft PPI Reading
Wall Street rallied on the soft PPI reading in the last session and the sentiment is shared in the Asian equity markets on Wednesday.
PU Prime
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102 days ago
Daily Global Market Update
Bitcoin-USD rose 2%. Apple shares gained 1%, and AUDUSD increased 0.7%, all overbought. Gold fell 0.4%. Oil futures dropped on reduced Middle East conflict risks. Yen weak, US inflation data awaited. eBTC misappropriated $9.5 million. Key economic releases: US and UK CPI, Japan's GDP, Eurozone industrial production.
Moneta Markets
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102 days ago
Forex Market Report - 14th 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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103 days ago
EBC Daily Snapshot Augl 13, 2024
The dollar was flat on Tuesday. Traders expect 100 bps of Fed cuts by year-end, per CME Group's FedWatch, after the Sahm rule is triggered.
EBC Financial Group
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103 days ago
UK labour market deteriorates despite falling unemployment rate
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: UK labour market deteriorates despite falling unemployment rate
FxPro
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103 days ago
Brent Crude Oil Faces Demand Concerns Despite Recent Gains
After five consecutive days of upward movement, Brent crude oil is now experiencing a consolidation phase, with prices retreating slightly to 81.80 USD per barrel on Tuesday. Market sentiment is being influenced by renewed concerns over global oil demand, particularly following OPEC's downward adjustment of its demand forecasts for 2024 and 2025.
RoboForex
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103 days ago
EBC Markets Briefing | Mounting geopolitical tensions support gold
Gold retreated from early August highs on Tuesday, but inflows may keep it strong ahead of US inflation data. Recent volatility has shocked markets.
EBC Financial Group
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103 days ago
Stocks edge up in calm before the storm
Stocks edge higher as gold benefits from geopolitical risks. Pound rallies despite shock claimant count change. French political issues return to the foreground. RBNZ meeting could lead to significant kiwi underperformance
XM Group
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103 days ago
Cryptocurrency rally loses momentum
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Cryptocurrency rally loses momentum
FxPro
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103 days ago
Daily Global Market Update
Gold up 1.8%, Euro and Pound gain slightly. Bitcoin volatile, down 0.1%. Wall St. weak, real estate and finance lead. Marathon Digital raises $250m. JetBlue downgraded. Key data today: UK jobs, US NFIB, German ZEW, UK claims, US producer prices.
Moneta Markets
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103 days ago
Gold Price Stimulates by Geopolitical Tension
Gold prices experienced their largest gain in three weeks, driven by escalating tensions in the Middle East and the easing of the U.S. dollar as markets await the crucial CPI reading due on Wednesday. Gold has surged to an all-time high above $2,460, as uncertainties surrounding developments in both the Middle East and Eastern Europe persist push the demand for safe-haven assets higher.
PU Prime
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103 days ago
Forex Market Report - 13th 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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104 days ago
NZD/USD gains momentum ahead of RBNZ meeting
The New Zealand dollar is steadily rising against the US dollar, with the NZD/USD pair reaching 0.6014 as of Monday. The financial markets are gearing up for Wednesday’s Reserve Bank of New Zealand (RBNZ) meeting.
RoboForex
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104 days ago
EBC Daily Snapshot Augl 12, 2024
The yen weakened slightly on Monday in thin trading due to a Japanese holiday as markets remain uncertain about a significant Fed rate cut next month.
EBC Financial Group
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104 days ago
Has the recent market angst fizzled out?
Improved market sentiment, Nasdaq 100 records weekly increase. Yen holds recent strong gains as euro/dollar trades sideways today. Rich data calendar this week, US CPI to dictate Fedspeak. Gold and oil rally as Iran is expected to attack Israel
XM Group
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104 days ago
EBC Markets Briefing | Loonie digests strong gains on domestic job losses
On Monday, the Loonie held steady as economists deemed the US jobs data reaction overblown, influenced by immigration and Hurricane Beryl.
EBC Financial Group
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104 days ago
Wall Street Advances Ahead of CPI
The equity markets continued their upward momentum, driven by the easing of the Japanese Yen's strength. The Yen was pressured by a dovish tone from Japanese authorities, signalling that the Bank of Japan (BoJ) might keep its monetary policy unchanged amid rising global economic uncertainties.
PU Prime
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104 days ago
Daily Global Market Update
Oil prices surged 1.2%, boosted by positive economic data, potential Fed rate cuts, and Middle East tensions. The AUD/USD pair declined slightly, while EUR/USD remained stable. USD/JPY traded sideways. Global markets are volatile due to inflation data, earnings, and elections.
Moneta Markets
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104 days ago
