Analysis

Oil Price Soar on Geopolitical Tension

Oil Price Soar on Geopolitical Tension

Geopolitical tensions in both the Middle East and Eastern Europe have escalated, creating significant unease in the broader financial markets, oil prices surged nearly 3% in yesterday's session.
PU Prime | 468 days ago
Daily Global Market Update

Daily Global Market Update

Gold, Euro, Pound, Bitcoin down. Global markets mixed, oil up. Investors expect lower US rates. Nvidia earnings expected. Today's economic highlights include US Consumer Confidence, Redbook Index, S&P Case-Shiller Home Price Indices, Irish Consumer Confidence, Finland's Industrial Confidence, and Germany's GDP.
Moneta Markets | 468 days ago
EURUSD eyes 2023 top after quick rally

EURUSD eyes 2023 top after quick rally

EURUSD returns to positive trend after Powell confirms dovish policy adjustment. Technical signals reflect weakening positive bias; next resistance could be at 1.1240-1.1274.
XM Group | 469 days ago
Daily Global Market Update

Daily Global Market Update

The oil/dollar pair saw a minor decline, while the AUD/USD, EUR/USD, and USD/JPY pairs traded sideways. US stocks face a crucial test with Nvidia's earnings. The US Federal Reserve's dovish stance may ease pressure on the Bank of Japan. Wall Street and global shares rallied after Powell's speech.
Moneta Markets | 469 days ago
Gold Surge on Heightens Middle East Tension

Gold Surge on Heightens Middle East Tension

Jerome Powell's highly anticipated speech last Friday at the Jackson Hole Economic Symposium drove the dollar to its lowest level since last July. The Fed Chair expressed concerns about the U.S. job market and indicated confidence that the inflation rate will reach the 2% target, suggesting a dovish stance from the U.S. central bank.
PU Prime | 469 days ago
Markets position ahead of Powell’s Jackson Hole speech

Markets position ahead of Powell’s Jackson Hole speech

Dollar rebounds despite jobless claims increase - Traders position for Fed Chair Powell’s Jackson Hole speech - Yen rebounds as BoJ’s Ueda appears willing to continue hiking rates - Wall Street slips as tech shares weigh, gold pulls back
XM Group | 472 days ago
Daily Global Market Update

Daily Global Market Update

The GBP/USD moved sideways, Bitcoin dropped 1%, and oil dipped slightly despite a positive MACD. AUD/USD fell 0.6% in an overbought market. Global trends show reduced Bitcoin inflows, lower US business activity, and a minor oil price rebound. Key economic data releases are expected today.
Moneta Markets | 472 days ago