EBC Daily Snapshot Augl 8, 2024

The dollar weakened Thursday as carry trades faded. JPMorgan CEO Jamie Dimon believes the odds of a "soft landing" for the US economy are 35–40%.

EBC Financial Group
Type: STP, ECN
Réglementation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Pound Steadies as Markets Await Key US Data

Pound Steadies as Markets Await Key US Data

The GBP/USD pair found stability on Friday, trading around 1.3453 as anxiety in the debt markets eased. Investor attention has shifted firmly to the upcoming US non-farm payrolls report, with softer US labour data reinforcing expectations of a Federal Reserve rate cut by year-end.
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USD/JPY in Equilibrium as Volatility Rises

USD/JPY in Equilibrium as Volatility Rises

The USD/JPY pair held steady on Thursday, trading around 148.13 as the yen modestly recovered from the losses incurred in the previous session. The US dollar came under pressure following the release of softer US labour market data, which bolstered expectations of an impending Federal Reserve rate cut.
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