EBC Daily Snapshot Augl 1, 2024

The US dollar fell Thursday as the Fed hinted at a September rate cut. Powell said a pivot is possible if disinflation continues as expected.

EBC Financial Group
Tipo: STP, ECN
Regulamento: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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The dollar is weakening, as set by seasonality

The dollar is weakening, as set by seasonality

December, a seasonally weak month for the dollar, coincided with expectations of aggressive easing by the Fed. Divergence in monetary policy is helping the Yen and the Australian dollar.
FxPro | 57 minutos atrás
The dollar is weakening, as set by seasonality

The dollar is weakening, as set by seasonality

December, a seasonally weak month for the dollar, coincided with expectations of aggressive easing by the Fed. Divergence in monetary policy is helping the Yen and the Australian dollar.
FxPro | 58 minutos atrás
Focus Turns to US ADP Report Tonight as Quiet Trading Set to Break

Focus Turns to US ADP Report Tonight as Quiet Trading Set to Break

US equities closed higher on Tuesday in thin trading, marking gains in six of the past seven sessions. Tech stocks lifted overall sentiment, and expectations for a Federal Reserve rate cut next week remain strong. The Dow rose 0.39%, the S&P 500 gained 0.25%, and the Nasdaq added 0.59%. The US Dollar Index softened into the close, slipping 0.06% to 99.34, while EUR/USD edged up 0.1% to 1.1624.
ATFX | 1 h 1 min atrás
US data takes centre stage as cautious market mood persists

US data takes centre stage as cautious market mood persists

Fragile risk appetite, despite cryptos showing signs of life; Strong Fed cut expectations as key US data in the spotlight today; Dollar weakness lingers, dollar/yen decline stabilizes; Oil and gold in anticipation mode; US-Russia negotiations hit a speed bump;
XM Group | 1 h 34 min atrás