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%.

Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Dollar stands tall after robust jobs report

Dollar stands tall after robust jobs report

Strong US data dent chances of a 50bps Fed rate cut; Plethora of Fed speakers on the wires today; Dollar enjoys strong gains, stocks rally unexpectedly; Oil pushes higher as gold’s retreat continues
XM Group | 4h 57min ago
U.S. Jobs Report Boosts Dollar: Is a Rebound Ahead?

U.S. Jobs Report Boosts Dollar: Is a Rebound Ahead?

The Dollar Index surged to a seven-week high, driven by strong U.S. economic data, with Nonfarm Payrolls hitting 254,000 and the Unemployment Rate dropping to 4.1%. This data diminished expectations for a 50-basis-point rate cut, bolstering the dollar but weighing on gold as the stronger dollar overshadowed the metal’s safe-haven appeal.
PU Prime | 7h 31min ago
Daily Global Market Update

Daily Global Market Update

Oil prices rose slightly, while the Aussie dollar fell slightly. The Euro and Dollar traded sideways, while the Yen was overbought. China's stimulus boosted hedge fund returns, and Taiwan's Foxconn reported record revenue. US stocks are near record highs, and key economic events include UK retail sales, Japan's current account and labor earnings, US bill auctions, and Eurozone retail sales.
Moneta Markets | 7h 56min ago