EBC Daily Snapshot Aug 20, 2024
The dollar wobbled near a seven-month low on bets the Fed will cut rates next month, with traders awaiting Chair Powell's comments on Friday.
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Gold stabilised at $4,000, but the upward trend has already broken down
Gold steady near $4K; strong buying above $3.9K as tariff ruling fears drive investors to safe havens amid fiscal concerns.
FxPro
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1 day ago
The dollar risks losing support from tariff revenues
• The US risks losing tariff revenues.
• The American labour market is cooling down.
• EURUSD may rise to 1.21.
• The pound rose but remains under pressure.
FxPro
|
1 day ago
The dollar risks losing support from tariff revenues
• The US risks losing tariff revenues.
• The American labour market is cooling down.
• EURUSD may rise to 1.21.
• The pound rose but remains under pressure.
FxPro
|
1 day ago
ZEC as the omen of a brewing storm in crypto
Crypto market dips 1% to $3.4T. Bitcoin holds above $100K near 50-week MA; sellers may still be unloading.
FxPro
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1 day ago
ZEC as the omen of a brewing storm in crypto
Crypto market dips 1% to $3.4T. Bitcoin holds above $100K near 50-week MA; sellers may still be unloading.
FxPro
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1 day ago
Risk markets struggle on lack of bullish catalysts
US equities seek direction amidst mixed newsflow; Hawkish Fedspeak, light data calendar and the US shutdown dent risk appetite; Cryptos under heavy pressure; gold struggles to rally above $4,000; Pound gains despite dovish BoE but outlook remains clouded;
XM Group
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1 day ago
Supreme Court's Tariff Battle: A Turning Point or More Uncertainty for Global Trade?
The US Supreme Court’s tariff ruling could impact global trade. What’s at stake for investors and businesses as market uncertainty grows?
Ultima Markets
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1 day ago
EBC Markets Briefing | Crude price slide this week; AI hype cooled
Oil prices held steady Friday but were set for weekly losses as OPEC+ eyed output hikes, with Brent down 8.2% and WTI sliding 7.6% for the week.
EBC Financial Group
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1 day ago
