EBC Daily Snapshot Oct 7, 2024

The dollar rallied on strong US jobs data and escalating Middle East conflict, while the yen fell to its lowest level in nearly two months.

EBC Financial Group
Typ: STP, ECN
Regulácia: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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The dollar roller coaster ride

The dollar roller coaster ride

•The acceleration of foreign economies will weaken the US dollar. •The USD index may fall another 13.5%. •GBP is pressured by political uncertainty. •Verbal interventions are not helping the yen.
FxPro | Pred 19 h 47 min
Yen intervention risk rises, US jobs concerns intensify

Yen intervention risk rises, US jobs concerns intensify

Japan’s Katayama highlights negative impact of weak yen - US labor market concerns increase chance of December Fed cut - Soft UK jobs report takes BoE rate cut probability higher - Stock futures rise; gold extends rebound despite broader optimism
XM Group | Pred 20 h 20 min
Pound Succumbs to Pressure from Weak Labour Data

Pound Succumbs to Pressure from Weak Labour Data

The GBP/USD pair snapped a four-day winning streak, declining for a second day to trade around 1.3135. The sell-off was triggered by UK labour market data revealing a rise in unemployment and a deceleration in annual wage growth.
RoboForex | Pred 21 h 26 min