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US Dollar Outlook for August 2024
In July, the US dollar faced a downturn against major global currencies. It slipped from 1.0717 to 1.0820 against the euro and tumbled from 160.84 to 150.46 against the yen. The Federal Open Market Committee (FOMC) maintained the federal funds rate steady at 5.25% to 5.50% during its July meeting.
ACY Securities
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503 days ago
Pound Plummets, BOE Cuts; Yen Soars, BOJ Hikes; Fed Holds Steady
The British Pound (GBP/USD) plummeted to 1.2735 (1.2835) after the Bank of England cut its Official Bank Rate by 25 bps to 5.0%. While the move was expected, markets saw the likelihood of more reductions for the rest of the year.
ACY Securities
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503 days ago
EBC Markets Briefing | Japanese stocks suffer worst day since 1987
Asian stocks plunged Monday, with the Nikkei 225 dropping 12.4%, its worst daily loss since 1987, and entering a bear market.
EBC Financial Group
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504 days ago
An unlikely buying opportunity for US Indices
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: An unlikely buying opportunity for US Indices
FxPro
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504 days ago
EBC Daily Snapshot Augl 5, 2024
The dollar fell on Monday after a poor jobs report. Fed fund futures show a 99% chance of a 50 bps rate cut at the September meeting, per LSEG data.
EBC Financial Group
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504 days ago
Rapid Yen Appreciation: Key Factors Boosting JPY
The Japanese yen continues its recovery rally. The USDJPY pair falls to 143.38 on Monday. This development is likely only the midpoint of the process as the market regains past losses and brings the JPY to equilibrium. USDJPY is currently at its lowest level since 3 January.
RoboForex
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504 days ago
Dollar plummets as US jobs data spread panic
Disappointing US jobs data push dollar off the cliff - Yen extends rally as fears over US economy mount - Stocks drop, VIX rallies to levels seen more than a year ago
XM Group
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504 days ago
EBC Markets Briefing | AI reckoning may have begun
The Nasdaq 100 entered correction territory on Friday, losing over $2 trillion in value in three weeks as traders unwound long-profitable bets.
EBC Financial Group
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504 days ago
Crypto investors have lost their nerve
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto investors have lost their nerve
FxPro
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504 days ago
Daily Global Market Update
Oil-dollar pair crashed 3.4%, oversold. Aussie, euro, and dollar-yen pairs traded sideways with positive signals. Oil prices tumbled on weak US jobs data and China woes. Intel's stock plunged 26%. Recession fears grip Wall Street, Fed rate cut expectations rise. Today's economic highlights include Eurozone PPI, US ISM Services, UK retail sales, and Japan data.
Moneta Markets
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504 days ago
NFP Hammers Dollar to 4 Months Low
The aftermath of the Japanese yen's strengthening has manifested in significant dips across multiple markets, including equities, commodities, and various currencies. The yen has erased all its 2024 losses against the dollar, moving towards the 145.00 mark.
PU Prime
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504 days ago
Forex Market Report - 5th 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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504 days ago
Gold (XAU/USD) Continues to Surge: New Highs as Fed Rate Cut Looms
The price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday.
RoboForex
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507 days ago
Bitcoin fends off bear attack, clinging to levels
Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin fends off bear attack, clinging to levels
FxPro
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507 days ago
EBC Daily Snapshot Augl 2, 2024
Sterling fell to a one-month low after a 1% drop as the BOE began cutting rates. The euro stayed near a one-month low despite sticky inflation.
EBC Financial Group
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507 days ago
EBC Markets Briefing | Stocks plummet amid souring sentiment toward AI
Global equities fell Thursday as US data fueled economic worries, causing sell-offs on Wall Street and a major rout in European financial stocks.
EBC Financial Group
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507 days ago
US slowdown fears grip markets ahead of NFP
Tech stocks lead selloff in equities amid recession fears, disappointing earnings. Yen extends gains as safe havens rally but dollar mixed. Will today’s nonfarm payrolls report calm markets or add to jitters?
XM Group
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507 days ago
USDCAD hits 8-month high, but it’s not a victory yet
USDCAD marks new higher high after disappointing ISM manufacturing PMI. A close above 1.3880-1.3900 is needed to postpone profit-taking . US nonfarm payrolls eagerly awaited at 12:30 GMT.
XM Group
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507 days ago
What Will the FED Do this Week? Another Pause!? How will USD React?
The Federal Open Market Committee (FOMC) is expected to maintain the current policy rates during its upcoming meeting. This decision aligns with recent communications from the Federal Reserve, which emphasize the need for greater confidence that inflation is moving sustainably toward the 2% target. The FOMC's statement will likely acknowledge further progress in reducing inflation but is expected
ACY Securities
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507 days ago
JPY Climbs on Talk of BOJ Rate Hike, DXY Dips
The US Dollar eased across the board as traders braced for 3 central bank meetings. The BOJ kicks off its policy meeting later today with Japan’s public broadcaster NHK reporting the likelihood of a rate increase to 0.25%. Market forecasts are for an unchanged rate of 0.1%.
ACY Securities
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507 days ago
