EBC Daily Snapshot Sep 11, 2024

On Wednesday, the yen surged to its highest level this year against the dollar after Harris and Trump debated ahead of the November election.

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Higher USA CPI What Next for the USD?

Higher USA CPI What Next for the USD?

Recent economic indicators from the United States paint a multifaceted picture of the country's economic health, signalling both positive and challenging trends as we move into the final quarter of the year.
ACY Securities | 11h 7min ago
Dollar baffled after mixed data and Fedspeak 

Dollar baffled after mixed data and Fedspeak 

Jobless claims contradict the stronger CPI report; Fed’s Bostic talks about a November Fed pause; Dollar trades sideways as the market still expects a November cut; Oil and gold in the green, pound doesn’t enjoy today’s data
XM Group | 13h 2min ago
Oil Prices Surge on Heightened Geopolitical Tension

Oil Prices Surge on Heightened Geopolitical Tension

Oil experienced heightened volatility in yesterday's session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to global oil supply.
PU Prime | 15h 47min ago
Daily Global Market Update

Daily Global Market Update

GBP/USD sideways, Stochastic oversold; BTC/USD plummeted, MACD negative; Oil/USD surged, Stochastic positive; AUD/USD gained modestly, CCI oversold; Bitcoin negative, 63,000 BTC sent to exchanges; Oil prices jumped due to US fuel use, Middle East risks, growing energy demand; Gold prices extended gains as traders anticipate Fed rate cut.
Moneta Markets | 16h 30min ago