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Dollar under pressure ahead of Jackson Hole Symposium

Dollar under pressure ahead of Jackson Hole Symposium

Stocks in the green again as investors await the Jackson Hole gathering. Economists look for strong Fed easing in 2024 despite recession talk dissipating. Dollar remains on the back foot against most currencies. Aussie fails to benefit from hawkish minutes; loonie could suffer from weak CPI
XM Group | il y a 449
Daily Global Market Update

Daily Global Market Update

Gold held steady, but technical indicators suggest overbought conditions. The Euro and Pound gained against the Dollar, also showing overbought signals. Bitcoin surged significantly, with similar technical warnings. Wall Street rallied on recession hopes and potential rate cuts. Cardano dropped from top 10 cryptocurrencies. AMD to acquire ZT Systems for AI expansion.
Moneta Markets | il y a 449
Daily Global Market Update

Daily Global Market Update

Oil dipped slightly, Stochastic RSI bearish. AUD/USD traded sideways, MACD positive. EUR/USD stable, overbought. USD/JPY unchanged, RSI positive. China banks gain gold import quotas, gold prices surge. India's forex reserves decline. US stocks rally. Global focus on Jackson Hole. Today's economic releases: US bill auctions, German Buba report, China FDI, NZ exports/imports.
Moneta Markets | il y a 450
Oil: the lost positive link

Oil: the lost positive link

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Oil: the lost positive link
FxPro | il y a 450
Gold Price Tops $2500 For the First Time

Gold Price Tops $2500 For the First Time

Gold prices soared above the $2,500 mark for the first time, driven by expectations of potential interest rate cuts, which have weakened the dollar to its recent low levels. Market participants are now focused on Wednesday’s FOMC meeting minutes for insights into the Fed’s next monetary policy moves.
PU Prime | il y a 450