EBC Daily Snapshot Sep 18, 2024

The dollar wavered 18 Sep 2024 after US retail sales unexpectedly rose in August, and the Atlanta Fed raised its GDPNow estimate to 3% from 2.5%.

EBC Financial Group
Typ: STP, ECN
Regulácia: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Gold, USDJPY, Oil

Gold, USDJPY, Oil

Weak PMI or ADP may lift gold; PCE data supports USD if inflation stays firm, while BoJ hawkishness keeps USDJPY under pressure; OPEC+ holds output steady; WTI climbs above 60
XM Group | Pred 2 h 17 min
Markets in cautious mode as cryptos tumble 

Markets in cautious mode as cryptos tumble 

Risk appetite tested as countdown to Fed meeting commences; Cryptos crash, erasing last week’s solid gains; Fed blackout period in place, focus shifts to US data releases; Oil and gold rally, as dollar loses ground across the board;
XM Group | Pred 2 h 45 min
Gold Hits Five-Week High on Dovish Fed Bets

Gold Hits Five-Week High on Dovish Fed Bets

Gold climbed to 4,240 USD per ounce on Monday, reaching its highest level in five weeks, as expectations solidified for an imminent Federal Reserve interest rate cut. Markets have priced in an 87% probability of a 25-basis-point reduction at this month’s policy meeting.
RoboForex | Pred 2 h 58 min