Analysis

The Storm Before the Calm

The Storm Before the Calm

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: The Storm Before the Calm
FxPro | 208 days ago
Dollar continues its ascend as data clouds Fed outlook

Dollar continues its ascend as data clouds Fed outlook

Mixed US PPI adds to uncertainty about Fed rate cuts. Lingering inflation concerns and rising yields push the dollar higher. Rate cuts in Europe pummel the euro and franc. Pound slips too as UK GDP contracts for second straight month.
XM Group | 208 days ago
Daily Global Market Update

Daily Global Market Update

Pound dipped 0.4% vs. USD, but MACD signals potential reversal. Bitcoin rose 0.2%, with Ultimate Oscillator indicating bullishness. Oil-dollar pair stable, but Williams Percent Range signals overbought conditions. Aussie dollar recovered 0.1%, with Stochastic RSI suggesting oversold market.
Moneta Markets | 208 days ago
Dollar Surge on High PPI Reading

Dollar Surge on High PPI Reading

The dollar index (DXY) climbed to a two-week high, reaching the 107.00 mark, following the release of U.S. economic data. While initial unemployment claims rose to 242,000, concerns over a rebounding PPI reading have fueled speculation that the Fed may adopt a more hawkish stance ahead of next week’s monetary policy decision.
PU Prime | 208 days ago
ATFX Market Outlook 12th December 2024

ATFX Market Outlook 12th December 2024

In November, the US Consumer Price Index (CPI) saw a month-on-month increase, like in July, but the Federal Reserve is still expected to cut interest rates for the third time next week. On Wednesday, the S&P 500 index rose significantly, driven by technology stocks that pushed the Nasdaq to a new high. The Dow futures trade closed fell 0.22%, but the S&P 500 increased by 0.82%, and the Nasdaq rose
ATFX | 209 days ago
Daily Global Market Update

Daily Global Market Update

The Euro weakened against the Dollar, while the Dollar strengthened against the Yen. Gold and Meta stock rose. The Canadian dollar strengthened after a rate cut with hawkish guidance. Wall Street rallied, led by tech stocks. Key economic events to watch include US CPI, Bank of Canada's Monetary Policy Report, Eurozone Industrial Production, UK GDP, and Japan Machinery Orders.
Moneta Markets | 209 days ago
Soft CPI Reading, Reinforces Fed Rate Cut

Soft CPI Reading, Reinforces Fed Rate Cut

Yesterday's US CPI report, which aligned with market expectations, strengthened market bets on a December Fed rate cut. The dovish Fed outlook pressured the dollar, which struggled to hold recent highs. Wall Street rallied on the news, anticipating lower borrowing costs.
PU Prime | 209 days ago
ATFX Market Outlook 10th December 2024

ATFX Market Outlook 10th December 2024

Opinion Today: Dow futures were little changed on Tuesday after Nasdaq Composite retreated from record highs, weighed down by a sharp decline in Nvidia.WTI crude oil futures climbed above $68 per barrel, driven by optimism over China's shift toward a looser monetary policy and geopolitical uncertainty in the Middle East. Gold price trades below the two-week top; the downside seems protected
ATFX | 210 days ago
USD rose on payrolls, gold up on Syria tensions.

USD rose on payrolls, gold up on Syria tensions.

Last Friday, the US dollar index first fell and then rose. It fell to a intraday low of 105.39 before the US market, then quickly rebounded and briefly returned to above the 106 level, but failed to stabilize at this point. Eventually, it closed up 0.23% at 105.94
CWG Markets | 210 days ago