EBC Daily Snapshot Jul 10, 2024

The dollar rose Wednesday after Fed Chair Powell said a rate cut won't happen until the Fed is confident inflation is heading to the 2% target.

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Tips: STP, ECN
Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Gold Bulls have no choice but to push

Gold Bulls have no choice but to push

Gold's rally to record highs above $4,300 per ounce resulted from a debasement trade. As a result, investors are losing confidence in government bonds and currencies.
FxPro | 23h 52min ago
Yen Nears End of Corrective Phase

Yen Nears End of Corrective Phase

Market sentiment remains highly sensitive to rhetoric from the Federal Reserve and statements from the White House. This is particularly true given the protracted government shutdown and the resurgence of trade disputes with several Asian partners.
RoboForex | 1 day ago