EBC Daily Snapshot May 30, 2024

On Thursday, the dollar surged to a two-week high due to strong economic data and weak Treasury auctions, signaling market ripples.

EBC Financial Group
Type: STP, ECN
Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSCA (South Africa)
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ECB, BoE, and BoJ take different paths

ECB, BoE, and BoJ take different paths

Trump pushes for more Fed rate cuts, while no changes are expected from the ECB until 2027.The BoE is concerned about the weak economy, while the yen has become a plaything for carry traders.
FxPro | 53 minutes ago
ECB, BoE, and BoJ take different paths

ECB, BoE, and BoJ take different paths

Trump pushes for more Fed rate cuts, while no changes are expected from the ECB until 2027.The BoE is concerned about the weak economy, while the yen has become a plaything for carry traders.
FxPro | 54 minutes ago
BTCUSD, Oil, JP225

BTCUSD, Oil, JP225

Bitcoin: Record highs then sharp drop; 2026 depends on adoption and regulation; Oil: Oversupply keeps prices weak; outlook tied to OPEC+ and geopolitics; JP225: Strong gains on policy and yen; future driven by BoJ tightening
XM Group | 1h 45min ago
Santa Rally on hold as risk sentiment struggles 

Santa Rally on hold as risk sentiment struggles 

Risk markets are still trying to find their footing after the Fed rate cut; Crypto pressure lingers while gold climbs towards its all-time high; Dollar under pressure; spotlight on incoming US data and Fedspeak; Anticipated BoJ rate hike stands out this week; hawkish rhetoric on the cards?
XM Group | 2h 39min ago
Yen Gains Strength Ahead of Crucial Bank of Japan Meeting

Yen Gains Strength Ahead of Crucial Bank of Japan Meeting

The Japanese yen strengthened on Monday, approaching 155 per dollar, to reach its highest level in over a week. This appreciation reflects heightened investor anticipation ahead of the Bank of Japan's (BoJ) pivotal monetary policy meeting on Friday.
RoboForex | 2h 53min ago