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
Tips: STP, ECN
Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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A Key Day for EUR/USD as the Fed Decision Looms

A Key Day for EUR/USD as the Fed Decision Looms

The EUR/USD pair declined to 1.1642 on Wednesday, with investor attention firmly fixed on the Federal Reserve's impending policy decision. The central bank is widely expected to cut interest rates by 25 basis points.
RoboForex | 1h 25min ago
Oil Slips as OPEC+ Output Plans Weigh on Markets | 29th October 2025

Oil Slips as OPEC+ Output Plans Weigh on Markets | 29th October 2025

Global markets turned cautious as reports of a potential OPEC+ output hike weighed on oil and risk sentiment. WTI fell near $60.00, while the USD stayed firm ahead of FOMC and BoC meetings. Gold held near $4,250, EUR/USD eased under 1.1650, and NZD/USD hovered near 0.5780. Traders await policy clarity and OPEC+ confirmation to set next direction.
Moneta Markets | 3h 55min ago
The euro's second chance

The euro's second chance

• Trade war de-escalation. • The Fed will continue to cut rates. • Politics is holding back the euro. • Verbal interventions are helping the yen.
FxPro | 1 day ago
Markets on edge ahead of pivotal events

Markets on edge ahead of pivotal events

US equities in good mood ahead of Fed, earnings and Trump-Xi summit; Gold rout persists as bulls struggle to regain market control; Oil drops as OPEC+ aims for new production increases; Dollar under pressure; Trump-Takaichi meeting boosts yen
XM Group | 1 day ago
Gold Rebounds to 4,000 USD Mark

Gold Rebounds to 4,000 USD Mark

Gold prices returned to the 4,000 USD per troy ounce mark on Tuesday, partially recovering from the previous day's 3.2% decline. The initial sell-off was triggered by encouraging developments in US-China trade negotiations.
RoboForex | 1 day ago