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.

Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
read more
Gold Surges Amid Mounting Global Risks

Gold Surges Amid Mounting Global Risks

The price of gold reached 3,383 USD per ounce on Wednesday, trading near a two-week high. The rally is being driven by strong demand for safe-haven assets, fuelled by growing concerns over the independence of the US Federal Reserve.
RoboForex | 22 minutes ago
A Tale of Two Currencies: USD Finds Footing as EUR and AUD Face Domestic Headwinds | 27th August 2025

A Tale of Two Currencies: USD Finds Footing as EUR and AUD Face Domestic Headwinds | 27th August 2025

The US Dollar rebounds, pressuring gold below $1,950 and weighing on risk assets. AUD/USD holds near 0.6480 ahead of key CPI data, while EUR/USD slips toward 1.1630 amid French political uncertainty. USD/JPY trades above 147.50 but faces upside limits on Fed policy concerns. USD/CNY steady near 7.11 as PBOC defends yuan. Markets eye CPI and jobs data for next moves.
Moneta Markets | 2h 47min ago
Markets in Flux: Gold Slips on USD Demand as WTI Rallies Amid Geopolitical Concerns | 26th August 2025

Markets in Flux: Gold Slips on USD Demand as WTI Rallies Amid Geopolitical Concerns | 26th August 2025

WTI rallies above $63.50 as fading hopes for a Russia-Ukraine peace deal boost oil prices. Gold struggles near $3,330 despite Fed rate cut bets, while silver holds firm near $39.00. AUD/USD climbs toward 0.6550 on risk appetite and dovish Fed tone, while USD/CAD stays weak near 1.3500 as oil strength supports the loonie. Markets now eye U.S. jobs and inflation data for direction.
Moneta Markets | 21h 54min ago
Dollar wobbles as Trump tries to fire Fed’s Lisa Cook

Dollar wobbles as Trump tries to fire Fed’s Lisa Cook

Fed’s independence under attack again as Trump wants to oust Lisa Cook. Dollar skids but later recovers, US yield curve steepens slightly, gold edges up. Stocks turn negative as Fed rally fades, PCE inflation awaited. Euro slips as French government at risk of collapse.
XM Group | 23h 13min ago