EBC Daily Snapshot Jul 10, 2024

The dollar rose Wednesday after Fed Chair Powell said a rate cut won't happen until the Fed is confident inflation is heading to the 2% target.

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Type: STP, ECN
Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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DNA Markets - Daily Fundamental Analysis Report, 8 December

DNA Markets - Daily Fundamental Analysis Report, 8 December

Here is your Daily Fundamental Analysis Report for the FX market, covering the key topics influencing currency movements today. This summary highlights the major economic drivers, current market sentiment, and important developments that may impact volatility and direction across major pairs.
DNA Markets | 15 minutes ago
US PCE data in focus ahead of next week’s Fed decision

US PCE data in focus ahead of next week’s Fed decision

Dollar resumes slide ahead of shutdown-delayed PCE inflation data - Yen extends recovery as probability of December BoJ hike surges - Aussie gains as RBA seen keeping rates on hold through 2026 - Stocks extend recovery as markets eye Fed rate cuts, gold rebounds
XM Group | 2 days ago
The euro is gaining momentum

The euro is gaining momentum

Inflation and the US labour market are slowing down, while the chances of a rate cut are increasing.The US dollar is vulnerable, while the euro is being helped by business activity.
FxPro | 3 days ago
Dollar falls as US data corroborates dovish Fed outlook

Dollar falls as US data corroborates dovish Fed outlook

ADP reveals that US private sector lost 32k jobs in November - Dollar slides as December Fed cut chance remains elevated - Pound rallies on upwardly revised S&P Global Composite PMI - Stocks rise on Fed cut bets, gold remains in corrective mode
XM Group | 3 days ago