EBC Daily Snapshot Aug 27, 2024

The euro and pound rose on Tuesday, boosted by a pause in oil price gains, approaching their recent multi-month highs against the dollar.

EBC Financial Group
Type: STP, ECN
Regulation: 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.
RoboForex | 2 days ago
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.
RoboForex | 3 days ago