Análise

Daily Global Market Update

Daily Global Market Update

The Euro and Gold dipped slightly, while the Dollar strengthened against the Yen. Meta's stock surged but might be overbought. Amazon hit $2 trillion in market cap, boosting investor optimism. Upcoming economic data include US GDP and Durable Goods Orders.
Moneta Markets | 322 dias atrás
AUD/USD surged, buoyed by RBA confidence and inflation growth

AUD/USD surged, buoyed by RBA confidence and inflation growth

The Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s weighted average consumer price index increased to 4.0% y/y from the last 3.6%, surpassing the less ambitious forecast of 3.8%.
RoboForex | 323 dias atrás
Dollar Strengthen on Upbeat Economic Data

Dollar Strengthen on Upbeat Economic Data

On the back of the upbeat CB Consumer Confidence reading of 100.4, several Fed governors issued hawkish comments on upcoming monetary policy, which ultimately bolstered the dollar's strength. Despite the Fed's hawkish outlook, the U.S. equity market rallied, driven by Nvidia, the AI bellwether company, which rose approximately 7%, fueling gains in the Nasdaq and S&P 500.
PU Prime | 323 dias atrás
Daily Global Market Update

Daily Global Market Update

Bitcoin surged 2.5% but may be overbought. Alibaba stock dipped 0.9% and is oversold. AUD/USD down slightly but could rise soon. Gold price fell 0.4% but might rebound. Oil prices dropped 1% on weak US consumer confidence. US dollar stays strong due to Fed rate cut expectations. Watch out for upcoming economic data from US, Finland, France and Japan.
Moneta Markets | 323 dias atrás
Yen Faces Continued Pressure Amid Political and Economic Factors

Yen Faces Continued Pressure Amid Political and Economic Factors

This week, major forex rates are consolidating ahead of significant events: the Biden-Trump presidential debate, the US PCE deflator report, and the French parliamentary elections. The US dollar has seen a slight decline but remains strong, with the dollar index hovering near the 106.00 mark. This mild drop in the USD led to a dip in USD/JPY, hitting an intra-day low of 159.19.
ACY Securities | 323 dias atrás
Forex Market Report - 26th June 2024

Forex Market Report - 26th June 2024

Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.
DNA Markets | 323 dias atrás
EURUSD, USDCAD, AUDUSD

EURUSD, USDCAD, AUDUSD

US Core PCE index could affect EURUSD’s performance; Canadian CPI expected to fall; USDCAD still falling; AUDUSD may remain in range after Australian CPI
XM Group | 324 dias atrás
Brent crude oil hits two-month high amid geopolitical tensions

Brent crude oil hits two-month high amid geopolitical tensions

Brent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East, particularly the ongoing confrontation between Israel and Hamas, which shows no sign of abating despite the involvement of international mediators backed by the US.
RoboForex | 324 dias atrás
Busier calendar could support the dollar

Busier calendar could support the dollar

Richer US data calendar and Fedspeak today. US stocks in the red again; uptrend intact. Key inflation reports from both Canada and Australia. Yen shows signs of life but still close to intervention level
XM Group | 324 dias atrás