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Continued Slow Erosion, From Shifting Headwinds

Continued Slow Erosion, From Shifting Headwinds

On my thoughts, it's evident that the US Dollar (USD) continues its gradual erosion, influenced by various shifting headwinds. Looking ahead to the entirety of 2023, indications point towards a mild depreciation of the Dollar, with estimates projecting a -1% decline based on the DXY and a broader trade-weighted index showing a decrease of -1.3%.
ACY Securities | 601 dias atrás
Daily Global Market Update

Daily Global Market Update

Bitcoin down 2.8%, reversal possible. Nike falls 0.2%, negative trend likely. AUD/USD up 0.2%, overbought. Gold gains 0.6%, correction ahead. Oil up amid tensions; Dollar falters. Zhao's wealth surges $25bn. Key economic data due: US, Finland, Japan.
Moneta Markets | 602 dias atrás
IPO markets may return to normal in 2024 after 2-year slump

IPO markets may return to normal in 2024 after 2-year slump

The market for initial public offerings (IPOs) is poised for a potential upswing in 2024, fueled by an improved outlook and expectations of three interest rate cuts from the U.S. Federal Reserve, which are expected to invigorate growth-oriented companies, according to investment bank Renaissance Capital.
Markets.com | 603 dias atrás
Downbeat PCE Hinders Dollar

Downbeat PCE Hinders Dollar

The U.S. Personal Consumption Expenditures (PCE) price index falling short suggests a slowdown in inflation, contributing to the persistent dovish sentiment from Fed officials
PU Prime | 604 dias atrás
USDCAD slips to almost 5-month low

USDCAD slips to almost 5-month low

USDCAD plummeted to a fresh almost five-month low earlier today, continuing the sharp selling interest that started from the 13-month high of 1.3900.
XM Group | 606 dias atrás
Daily Global Market Update

Daily Global Market Update

Markets showed mixed trends with modest gains in the pound, bitcoin, and oil, caution in technical analyses, cryptocurrency fluctuations, and economic events ahead in the US, Japan, UK, and Netherlands.
Moneta Markets | 607 dias atrás
Dollar Hits 1-Week Low, Focus on PCE Report

Dollar Hits 1-Week Low, Focus on PCE Report

The US Dollar grapples with a one-week low against major currencies as investors await critical US inflation data for Federal Reserve policy insights. Disappointing Q3 GDP figures, revealing a growth rate of 4.9%, below market expectations, contribute to the Dollar's decline. Attention shifts to the US PCE Index for potential market shifts
PU Prime | 607 dias atrás
Dollar rebounds ahead of PCE data, yen recovers

Dollar rebounds ahead of PCE data, yen recovers

Dollar gains, but investors still expect sharp Fed rate cuts - Focus turns to tomorrow’s core PCE inflation metric - Yen recovers ahead of Japan’s national CPI numbers - Sharp sell-off on Wall Street snaps rally, gold slides
XM Group | 607 dias atrás
Daily Global Market Update

Daily Global Market Update

Euro dips 0.3%, signaling a potential reversal. Dollar slips 0.2% against Yen; Gold retreats 0.4%, MACD hints at an upward move. Volkswagen shares down 1.5%; Global focus on Fed rate cut speculation, Wall Street highs, and UK inflation dip. Today: Dutch unemployment, Irish confidence, US GDP, Japan CPI, BoJ meeting, and UK net borrowing.
Moneta Markets | 607 dias atrás
Oil prices hold gains on Red Sea supply uncertainty

Oil prices hold gains on Red Sea supply uncertainty

Brent crude futures hovered around $78 per barrel on Tuesday, maintaining a 1.8% increase from the prior session. Futures for the U.S. crude benchmark West Texas Intermediate (WTI) also traded close to 1% on the day at $73.53.
Markets.com | 608 dias atrás
All Eyes on U.S. GDP

All Eyes on U.S. GDP

Traders are eagerly awaiting the release of U.S. GDP data later today as they seek insights into the overall strength of the dollar
PU Prime | 608 dias atrás
USDJPY holds within key lines

USDJPY holds within key lines

USDJPY stormed higher after penetrating the 200-day simple moving average (SMA) but found strong resistance at the 200-day exponential moving average (EMA), recouping some of last week’s losses.
XM Group | 608 dias atrás