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Oil rises as rate cut seems imminent

Oil rises as rate cut seems imminent

Oil prices experienced a gentle recovery on Thursday, with Brent crude futures reaching $79.93 per barrel and US West Texas Intermediate crude climbing to $77.19 per barrel.
Deriv | 383 일 전
Daily Global Market Update

Daily Global Market Update

The pound gained 0.2% against the dollar, with a positive RSI signal. Bitcoin dropped 3%, indicated as negative by the ROC. Oil surged 1.1%, reaching an overbought market per the Stochastic RSI. The Australian dollar rose 0.2%, with the Williams indicator showing overbought conditions.
Moneta Markets | 383 일 전
USA PPI Had a Huge Impact on the Markets Followed by Tonight USA CPI and Eurozone CPI

USA PPI Had a Huge Impact on the Markets Followed by Tonight USA CPI and Eurozone CPI

The Dollar Index (USD/DXY) experienced a rebound, decreasing from 103.274 all the way to 102.628. This drop has happened by a weaker than expected PPI on the 13/08/2024 from USA, with the expectation being for the core PPI (MoM) (Jul) 0.2% that came in at 0% and the previous has been revised down from 0.4% to 0.3% same goes for the PPi (MoM) (Jul) that was expected to be 0.2% as no change from the
ACY Securities | 383 일 전
 Forex Market Report - 16th August 2024

Forex Market Report - 16th 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 | 383 일 전
Technical Analysis – AUDUSD rebound gets blocked by 50-day SMA

Technical Analysis – AUDUSD rebound gets blocked by 50-day SMA

AUDUSD has surged by around 4.5% from the August 5 low of 0.6347 but the recovery has hit a snag at the 50-day simple moving average (SMA) in the 0.6635 region. After two days of unsuccessful attempts to overcome this barrier, the price has now slipped below the 61.8% Fibonacci retracement of the July-August slump at 0.6625.
XM Group | 384 일 전
Wall Street Rally on Soft CPI

Wall Street Rally on Soft CPI

The most anticipated economic indicator of the week, the U.S. Consumer Price Index (CPI), was released yesterday, coming in at 2.9%, below the 3% threshold and in line with the Producer Price Index (PPI) data from the previous day. This further sign of easing inflationary pressure in the U.S. has heightened expectations that the Federal Reserve may implement its first rate cut in September.
PU Prime | 384 일 전
Daily Global Market Update

Daily Global Market Update

The Euro/Dollar and Dollar/Yen pairs saw slight gains of 0.1% each, with the former in overbought territory. Gold fell 0.6% against the Dollar, while NIO shares dropped 4.8%. The dollar weakened as US inflation data hinted at potential Fed rate cuts, boosting the euro to an 8-month high. Wall Street showed mixed results, with tech stocks declining.
Moneta Markets | 384 일 전
USD/JPY Sees Retreat Amid US Dollar Weakness

USD/JPY Sees Retreat Amid US Dollar Weakness

USD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July's lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a potential 50 basis point cut by the Federal Reserve at its upcoming September meeting.
RoboForex | 385 일 전