Analysis

All Eye on Powell’s Testimony

Jerome Powell’s 2-day testimony at Capitol Hill begins today, and traders will be closely monitoring his statements for insights into the rate cut schedule.

PU Prime | 361 days ago

Gold prices fell 1.1% while the Euro Dollar and Pound Dollar remained flat. Bitcoin rose slightly. Investors are cautious ahead of key economic data and Fed Chair Jerome Powell's testimony. Boeing to plead guilty in 737 Max crashes. Expect economic data releases throughout the day.

Moneta Markets | 361 days ago

Do Markets Still Care About Central Banks or Are Elections More Important?

As we step into the third quarter of 2024, European markets are gearing up for a bumpy ride, driven largely by political events in France and the UK, as well as the upcoming US elections.

ACY Securities | 361 days ago

FOMC's Latest Inflation Outlook Is the USA Close to the 2% Target During CPI Week?

At the June meeting of the Federal Open Market Committee (FOMC), members acknowledged that inflation is still high. However, they noted some "modest further progress" in recent months, suggesting that price pressures are easing, and long-term inflation expectations remain stable.

ACY Securities | 361 days ago

Euro Slides, Left Seizes French Election Vote

Financial markets were set for a choppy opening following news that the leftist coalition had won the French election. After edging higher in New York, the Euro slid 0.3% lower to 1.0805 from its 1.0840 close.

ACY Securities | 361 days ago

Europe continues to produce weak data

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Europe continues to produce weak data

FxPro | 361 days ago

Weakness in gold's growth

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Weakness in gold's growth

FxPro | 361 days ago

EBC Daily Snapshot Jul 8, 2024

The dollar steadied after a 1% loss last week. CME's FedWatch Tool shows 76% odds of a rate cut at the Fed's September meeting.

EBC Financial Group | 361 days ago

Dollar slides on jobs data, Euro dips on French gridlock

US jobs data confirms bets of two Fed rate cuts - Dollar slides ahead of Powell testimony, US CPI numbers - Euro gaps down as French election results in hung parliament - Wall Street at fresh records, gold jumps, oil pulls back

XM Group | 361 days ago

Crypto: Bears trying to break the neck of bull trend

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto: Bears trying to break the neck of bull trend

FxPro | 361 days ago

AUD/USD Hits Six-Month High Amid RBA Rate Hike Speculations

The AUD/USD pair reached a six-month high of 0.6752, marking its fifth consecutive day of gains. The currency's strength is largely driven by market expectations that the Reserve Bank of Australia (RBA) might diverge from the global trend of lowering interest rates, raising them in response to escalating inflation pressures. May's CPI figures have intensified discussions around monetary tightening

RoboForex | 362 days ago

EBC Markets Briefing | French stocks eye relief rally after leftists’ victory

European shares fell on Friday due to losses in banks and energy stocks ahead of France's second round of parliamentary elections.

EBC Financial Group | 362 days ago

Dollar Weaken on High Unemployment Rate

With earnings growth showing signs of cooling, anticipation mounts for a potential shift in the Federal Reserve's current tightening stance, dollar's strength eases.

PU Prime | 362 days ago

Daily Global Market Update

Oil price dipped but technical indicators suggest potential rise. Aussie dollar and Euro dollar also show positive technical signals despite minor decline. Dollar Yen remains flat with negative RSI. Global stocks rose on positive Foxconn earnings and hopes of US rate cuts. Today's key events include Japan's economic outlook, Germany trade data, and Eurozone Euro Group meeting.

Moneta Markets | 362 days ago