EBC Daily Snapshot Augl 1, 2024

The US dollar fell Thursday as the Fed hinted at a September rate cut. Powell said a pivot is possible if disinflation continues as expected.

EBC Financial Group
Typ: STP, ECN
Vorschrift: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Gold, USDJPY, Oil

Gold, USDJPY, Oil

Weak PMI or ADP may lift gold; PCE data supports USD if inflation stays firm, while BoJ hawkishness keeps USDJPY under pressure; OPEC+ holds output steady; WTI climbs above 60
XM Group | vor 1Std 4 Minuten
Markets in cautious mode as cryptos tumble 

Markets in cautious mode as cryptos tumble 

Risk appetite tested as countdown to Fed meeting commences; Cryptos crash, erasing last week’s solid gains; Fed blackout period in place, focus shifts to US data releases; Oil and gold rally, as dollar loses ground across the board;
XM Group | vor 1Std 33 Minuten
Gold Hits Five-Week High on Dovish Fed Bets

Gold Hits Five-Week High on Dovish Fed Bets

Gold climbed to 4,240 USD per ounce on Monday, reaching its highest level in five weeks, as expectations solidified for an imminent Federal Reserve interest rate cut. Markets have priced in an 87% probability of a 25-basis-point reduction at this month’s policy meeting.
RoboForex | vor 1Std 46 Minuten