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
Type: STP, ECN
Réglementation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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The euro is betting on divergence

The euro is betting on divergence

• ECB rates are in the right place while German inflation is accelerating. • The Bank of Japan may raise rates in December & capital flight will pressure the pound.
FxPro | il y a 4h 8min
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 | il y a 6h 50min
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 | il y a 7h 18min
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 | il y a 7h 32min