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U.S. CPI Reflects Persistent Disinflationary Trends
Yesterday (Wednesday 14/08/2024) at 10:30pm on Australia time, the U.S. Consumer Price Index (CPI) continued to exhibit signs of disinflation, aligning closely with market expectations. The headline CPI, which measures the overall change in consumer prices across various goods and services, recorded a modest month-over-month increase of 0.165%.
ACY Securities
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il y a 450
U.S. Economic Resilience Fuels Dollar Strength Amid Mixed Global Outlook
In July 2024, the U.S. economy demonstrated unexpected resilience, as stronger-than-anticipated retail sales figures coupled with a decline in initial jobless claims eased some of the mounting concerns about a potential significant slowdown.
ACY Securities
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il y a 450
AUD/USD climbs as RBA maintains firm stance on interest rates
The Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia's (RBA) current policy stance. RBA Governor Michelle Bullock emphasized today that discussions on interest rate cuts are premature despite some easing in inflationary pressures.
RoboForex
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il y a 453
Oil rises as rate cut seems imminent
Oil prices experienced a gentle recovery on Thursday, with Brent crude futures reaching $79.93 per barrel and US West Texas Intermediate crude climbing to $77.19 per barrel.
Deriv
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il y a 453
Government Bitcoin Sales Weigh on Prices
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Government Bitcoin Sales Weigh on Prices
FxPro
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il y a 453
EBC Daily Snapshot Aug 16, 2024
The dollar eased slightly, ending its biggest rally since July 18, as stronger-than-expected retail sales eased recession fears.
EBC Financial Group
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il y a 453
EBC Markets Briefing | Euro sits near yearly high with dollar under strain
The euro held steady on Friday, near its highest this year. The Fed is expected to ease aggressively, possibly with a half-point cut in September.
EBC Financial Group
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il y a 453
Dollar Rebound on Upbeat U.S. Economic Indicators
stronger-than-anticipated U.S. Retail Sales growth and Initial Jobless Claims, eased recession fears and bolstered the dollar's strength in the last session.
PU Prime
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il y a 453
Daily Global Market Update
The pound gained 0.2% against the dollar, with a positive RSI signal. Bitcoin dropped 3%, indicated as negative by the ROC. Oil surged 1.1%, reaching an overbought market per the Stochastic RSI. The Australian dollar rose 0.2%, with the Williams indicator showing overbought conditions.
Moneta Markets
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il y a 453
USA PPI Had a Huge Impact on the Markets Followed by Tonight USA CPI and Eurozone CPI
The Dollar Index (USD/DXY) experienced a rebound, decreasing from 103.274 all the way to 102.628. This drop has happened by a weaker than expected PPI on the 13/08/2024 from USA, with the expectation being for the core PPI (MoM) (Jul) 0.2% that came in at 0% and the previous has been revised down from 0.4% to 0.3% same goes for the PPi (MoM) (Jul) that was expected to be 0.2% as no change from the
ACY Securities
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il y a 453
Forex Market Report - 16th August 2024
Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.
DNA Markets
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il y a 453
Dollar and risk appetite rise on upbeat data
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Dollar and risk appetite rise on upbeat data
FxPro
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il y a 454
Potential mega-quake in Nankai Trough: the Yen’s safe haven status Yen's safe haven status: shifting dynamics post-2010
The Japan Meteorological Agency has issued a warning about a potential mega quake in the Nankai Trough, following a magnitude 7.1 quake in the region.
Deriv
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il y a 454
EBC Daily Snapshot Augl 15, 2024
Consumer prices fell below 3% for the first time since 2021, causing the dollar to weaken. The pound rose with 0.6% UK Q2 GDP growth.
EBC Financial Group
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il y a 454
EBC Markets Briefing | Oil prices rise but demand concerns linger
Oil prices rose on Thursday, recovering some losses amid hopes for Fed rate cuts, though concerns over slow global demand capped gains.
EBC Financial Group
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il y a 454
US inflation hardly justifies a 50 b.p. cut
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: US inflation hardly justifies a 50 b.p. cut
FxPro
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il y a 454
US retail sales eyed after CPI report fails to set off fireworks
US inflation eases further in July but market reaction is muted. Wall Street unimpressed, dollar mixed. Yen and pound supported by upbeat GDP data.
XM Group
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il y a 454
Technical Analysis – AUDUSD rebound gets blocked by 50-day SMA
AUDUSD has surged by around 4.5% from the August 5 low of 0.6347 but the recovery has hit a snag at the 50-day simple moving average (SMA) in the 0.6635 region. After two days of unsuccessful attempts to overcome this barrier, the price has now slipped below the 61.8% Fibonacci retracement of the July-August slump at 0.6625.
XM Group
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il y a 454
A New Downturn in the Crypto Market
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: A New Downturn in the Crypto Market
FxPro
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il y a 454
Wall Street Rally on Soft CPI
The most anticipated economic indicator of the week, the U.S. Consumer Price Index (CPI), was released yesterday, coming in at 2.9%, below the 3% threshold and in line with the Producer Price Index (PPI) data from the previous day. This further sign of easing inflationary pressure in the U.S. has heightened expectations that the Federal Reserve may implement its first rate cut in September.
PU Prime
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il y a 454
