EBC Daily Snapshot Augl 1, 2024
The US dollar fell Thursday as the Fed hinted at a September rate cut. Powell said a pivot is possible if disinflation continues as expected.
EBC Financial Group
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487 days ago
EBC Financial Group
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The euro is betting on divergence
• ECB rates are in the right place while German inflation is accelerating.
• The Bank of Japan may raise rates in December & capital flight will pressure the pound.
FxPro
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8h 25min ago
Crypto: Winter began with a sell-off
Crypto market drops 5% as month starts, falling below $3T amid low liquidity and heightened bearish sentiment.
FxPro
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10h 26min ago
Gold, USDJPY, Oil
Weak PMI or ADP may lift gold; PCE data supports USD if inflation stays firm, while BoJ hawkishness keeps USDJPY under pressure; OPEC+ holds output steady; WTI climbs above 60
XM Group
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11h 7min ago
3 Reasons FCA-Regulated Brokers Protect You More Than You Think
Learn why choosing an FCA-regulated broker like Ultima Markets ensures stronger oversight, enforceable client protections, and operational resilience. Discover three key benefits that safeguard your trading experience.
Ultima Markets
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11h 22min ago
Markets in cautious mode as cryptos tumble
Risk appetite tested as countdown to Fed meeting commences; Cryptos crash, erasing last week’s solid gains; Fed blackout period in place, focus shifts to US data releases; Oil and gold rally, as dollar loses ground across the board;
XM Group
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11h 35min ago
Gold Hits Five-Week High on Dovish Fed Bets
Gold climbed to 4,240 USD per ounce on Monday, reaching its highest level in five weeks, as expectations solidified for an imminent Federal Reserve interest rate cut. Markets have priced in an 87% probability of a 25-basis-point reduction at this month’s policy meeting.
RoboForex
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11h 49min ago
Technical Analysis – Bitcoin slides over 5.5% to under 86,000
BTCUSD hits strong resistance at 20-day SMA. Retraces mild rebound gains from late last week. Momentum indicators signal persistent bearish pressure.
XM Group
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13h 33min ago
EBC Markets Briefing | Bullion rally continues; Intel soared on Apple contract
Gold extended prior-session gains as silver hit another record. China's manufacturing PMI unexpectedly contracted in November, missing the 50.5 forecast.
EBC Financial Group
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14h 30min ago
