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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638 days ago
EBC Financial Group
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Tips: STP, ECN
Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSCA (South Africa)
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Today Technical Analysis: Bitcoin falls below $63,000 for the first time since February
Gold has begun to stabilize following a sharp decline that pushed prices down to a low of $4,423. The precious metal has managed to recover from those lows and is currently trading above the 20-period moving average, indicating that buyers are attempting to regain short-term control.
STARTRADER
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41 minutes ago
Today Fundamental Analysis: US indices retreat from their record highs on profit taking and cautions sentiment
Wall Street came under pressure on Wednesday, with the S&P 500 falling 0.7%, the Nasdaq declining 0.8%, and the Dow Jones Industrial Average dropping more than 600 points. Rising oil prices and Treasury yields weighed on sentiment after tensions between the U.S. and Iran intensified.
STARTRADER
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2h 7min ago
Israel threatens further action against Iran if necessary; Fed Beige Book warns inflation is hitting economic activity
Netanyahu warns of further Iran strikes, pushing WTI to $96.60. DXY advances to 99.50, approaching key 100.00 level. Fed Beige Book flags inflation hitting consumer spending. ISM Services beats at 54.5, ADP surprises to the upside. Gold drops below $4,450, Dow falls 600 points. Jobless claims and NFP tomorrow in focus.
CPT Markets
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3h 40min ago
Risk-off eases on Israel-Lebanon ceasefire, yen pinned near 160
Israel and Lebanon announce ceasefire, reviving peace hopes. But oil and dollar only marginally lower as caution prevails. Yen struggles near 160 per dollar despite Ueda’s hawkish tilt. Wall Street snaps winning streak; more losses likely as Broadcom misses guidance
XM Group
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3h 45min ago
Gold and Silver Rebound as Ceasefire Optimism Pressures US Dollar | 4th June, 2026
Global markets are turning risk-on as the Israel-Lebanon ceasefire eases geopolitical tensions and weakens safe-haven USD demand. Gold and Silver are recovering, while oil prices retreat as supply concerns fade. AUD gains on stronger trade data, while CAD remains pressured by the widening Fed-BoC policy gap.
Moneta Markets
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3h 59min ago
NVIDIA Sees Temporary Setback Despite Robust Earnings and Buybacks
Shareholder returns and AI growth drive attention, but short-term profit-taking pressures NVIDIA below key resistance.
VT Markets
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4h 13min ago
Gold Remains Under Pressure, but a Rebound Is Still Possible
Gold prices rose to 4,472 USD per troy ounce on Thursday. Despite the modest rebound, the precious metal is still attempting to recover from a weekly decline of nearly 2%.
RoboForex
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4h 36min ago
EBC Markets Briefing | Bullion edges up after report of Iran denuclearization
Gold rose after Trump's Iran remarks, while Iran denied them; OECD sees slower growth and analysts expect a weaker dollar later in 2026.
EBC Financial Group
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5h 38min ago
