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Euro Tumbles After ECB Hikes Rates, Dollar Mostly Higher

Euro Tumbles After ECB Hikes Rates, Dollar Mostly Higher

The Euro tumbled below 1.0700 to 1.0645 after the ECB hiked its Main Refinancing Rate by 25 basis points to 4.50%. Persistent inflation amidst weakening growth in Europe weighed on the shared currency. In choppy trade, the shared currency hit an overnight and 3-month low at 1.0632.
ACY Securities | 403 dias atrás
AUD's Resilience and GBP's Challenges

AUD's Resilience and GBP's Challenges

The British Pound (GBP) remains one of the weakest currencies among the G10 FX currencies this month. This is primarily due to a lacklustre performance in the UK job market data, which failed to provide any relief to the GBP, resulting in a decline in GBP exchange rates.
ACY Securities | 403 dias atrás
US CPI Somewhere Between a Boil and a Gentle Simmer

US CPI Somewhere Between a Boil and a Gentle Simmer

In August, US Consumer Price Index (CPI) inflation fell somewhere between a simmer and a boil, surprising observers by surpassing their expectations. Core prices saw a modest uptick of 0.3% month-on-month (m/m), edging slightly above the consensus forecast of 0.2% m/m.
ACY Securities | 403 dias atrás
Daily Global Market Update

Daily Global Market Update

In the financial world, pound-dollar saw a 0.6% drop; Bitcoin surged by 1.4%, oil jumped 2.3%, and the Aussie gained 0.2%. FTX got approval to liquidate assets worth $3.6 billion. EU probe hit Chinese EV stocks. Gold stabilized post-U.S. inflation data. Today's calendar includes economic indicators from Japan, Eurozone, and the U.S., as well as CFTC net positions for JPY and GBP.
Moneta Markets | 403 dias atrás
Economists Expect Fed to Pause Rate Hikes

Economists Expect Fed to Pause Rate Hikes

In the UK, July's inflation rate dropped to 6.8%, a significant decline from 7.9%, influencing future Bank of England interest rate decisions. Economists predict the Fed will hold rates until at least April-June 2024.
PU Prime | 403 dias atrás
Daily Global Market Update

Daily Global Market Update

Euro-dollar dropped 0.2%, dollar-yen up 0.1% with ROC conflict, gold-dollar dipped 0.2%, Apple shares fell 1.3%. AUD and NZD await US inflation report. Upcoming events: Australia's Unemployment Rate, Japan's Industrial Production, US Retail Sales, Finland's CPI, and US Initial Jobless Claims.
Moneta Markets | 404 dias atrás
Market Stays Calm as U.S. CPI Increases

Market Stays Calm as U.S. CPI Increases

Yesterday's U.S. CPI exceeded both the forecasted figure and the previous reading. Nonetheless, the market's relatively muted reaction suggests that this uptick in CPI had already been priced in.
PU Prime | 404 dias atrás
Telegram Trade Review EURUSD and SP500

Telegram Trade Review EURUSD and SP500

Join Nathan Bray, a seasoned forex trader, and Lenny Volpicella Head of Global Brokerage in this informative Telegram Trade Review as the share recent analysis of the forex market and unveils key levels that have come to fruition.
ACY Securities | 405 dias atrás
Daily Global Market Update

Daily Global Market Update

itcoin surged 3.6% with bullish momentum. Apple shares fell 1.7% with a bearish trend. Aussie dollar dipped 0.1% but remains bullish. Gold dropped 0.4% with a negative trend. Market news: crude procurement adjustments and South African rand depreciation. Bitcoin rebounded to $26,000 due to a short squeeze. Upcoming economic announcements include various global updates.
Moneta Markets | 405 dias atrás
Oil Remains Strong on OPEC Outlook

Oil Remains Strong on OPEC Outlook

Oil prices continued their upward trend, with WTI approaching the $90 mark, driven by the OPEC monthly report forecasting a 3.3 million barrel per day shortfall in the 4th quarter.
PU Prime | 405 dias atrás