EBC Daily Snapshot Augl 1, 2024

The US dollar fell Thursday as the Fed hinted at a September rate cut. Powell said a pivot is possible if disinflation continues as expected.

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Risk markets struggle on lack of bullish catalysts

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 | 1 day ago