EBC Daily Snapshot Sep 4, 2024
Safe-haven currencies surged Wednesday as Wall Street and Asian stocks fell sharply, leading to losses in commodity currencies.
EBC Financial Group
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733 days ago
EBC Financial Group
4.7
15 atsauksmes
Tips: STP, ECN
Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSCA (South Africa)
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US Debt, Inflation and the Fed: Markets Face a Critical Policy Test💥
Strong US employment has revived expectations of tighter Fed policy, but persistent inflation and a federal debt burden above $40 trillion complicate the outlook. With refinancing needs mounting and interest costs already elevated, markets face a difficult balance between economic resilience, price pressures and increasingly challenging fiscal arithmetic.
Headway
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1h 7min ago
EUR/USD Holds Its Rising Channel as 1.1641 Breakout Awaits ECB and U.S. CPI
EUR/USD is trading around 1.1626 inside a rising 4-hour channel that has developed from the September swing low near 1.1584. Price remains above the rising 200-period WMA near 1.1597 and has recovered above the Bollinger basis, preserving the short-term sequence of higher reaction lows. The setup is constructive, but not yet impulsive.
Errante
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1h 23min ago
The S&P 500 is moving away from record highs
Strong NFP data of 162K backfired on equities as the Fed rate hike narrative strengthened, sending the S&P 500 lower despite a calm VIX. Utilities are flashing a warning signal, having peaked before the broader market in 21 of 30 bull markets since 1930, while rising Treasury yields and Trump's pressure on the Fed continue to weigh on investor sentiment.
FxPro
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2h 7min ago
Gold, EURUSD, OIL
US CPI data Set to Dictate Gold’s direction; ECB rate decision and EURUSD: Policy guidance in focus; Middle East conflict elevate WTI Crude oil
XM Group
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3h 6min ago
Dollar muted despite upbeat NFP, Mideast tensions lift oil
Strong jobs report fails to boost dollar as traders look to CPI data instead. Yen stays bid, gold on the slide again. Euro steady after far-right win in Germany, ECB decision awaited. Oil edges higher as US-Iran attacks continue.
XM Group
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4h 4min ago
EUR/USD Holds Above 1.1600 Despite Strong US Jobs Report
A stronger-than-expected US jobs report initially lifted the dollar, but EUR/USD remained resilient as traders looked ahead to the ECB meeting and key US inflation data.
VT Markets
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4h 59min ago
Gold Slides Below $4,500 as Strong NFP Revives Fed Hike Bets
The latest US jobs report strengthened confidence in the labour market, sending Treasury yields and the US dollar higher while weighing on gold.
VT Markets
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5h 17min ago
US Payrolls Hit 5-Month High as Markets Await CPI This Week.
U.S. and Canadian markets are closed for the holidays. With investors digesting nonfarm data and Middle East tensions high, traders should watch for unusual price swings amid low liquidity. Eurozone Q2 GDP is expected to be 0.4%, which could affect Thursday’s ECB meeting.
ATFX
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5h 25min ago
