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
Wprowadzić: STP, ECN
Regulacja: FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSCA (South Africa)
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Oil is being sold off on the back of sanctions news

Oil is being sold off on the back of sanctions news

Brent retreats as Iran sanctions underwhelm and rising US inventories add pressure. Falling oil prices are easing inflation fears and giving the dollar a breather, while progress in Middle East negotiations and renewed Strait of Hormuz talks support the sell-off.
FxPro | 2g 42 minut temu
U.S. Stocks Await PCE Data & Nvidia Earnings

U.S. Stocks Await PCE Data & Nvidia Earnings

U.S. GDP revision and PCE Price Index will jointly validate the extent of economic cooling and disinflation. The PCE inflation gauge will directly shape market expectations for the Fed’s rate path, with Core PCE YoY expected to hold at 3.3%. The annualised QoQ GDP revision is forecast to remain at 1.5%. U.S. equities will also closely watch Nvidia’s earnings after market close
ATFX | 5g 22 minut temu