EBC Daily Snapshot Jul 9, 2024

US dollar near multi-week low; 76% odds of a September rate cut per CME Group's FedWatch Tool ahead of Powell's testimony.

EBC Financial Group
Type: STP, ECN
Réglementation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Forex goes to safe havens

Forex goes to safe havens

• The shutdown may end soon. • Increased volatility supports the dollar. • The Bank of Japan recalls deflation. • The pound is frightened by tax increases.
FxPro | il y a 33 minutes
Forex goes to safe havens

Forex goes to safe havens

• The shutdown may end soon. • Increased volatility supports the dollar. • The Bank of Japan recalls deflation. • The pound is frightened by tax increases.
FxPro | il y a 33 minutes
Gold Holds at October Lows Amid Shifting Rate Expectations

Gold Holds at October Lows Amid Shifting Rate Expectations

On Wednesday, gold traded around 3,940 USD per troy ounce, stabilising near its lowest levels since early October. The precious metal remains under pressure from a recalibration of interest rate expectations, as markets adopt a more cautious outlook on further easing by the Federal Reserve.
RoboForex | il y a 1h 58min