EBC Daily Snapshot Sep 10, 2024

The dollar held steady early Tuesday, with the euro little changed. A weaker jobs report boosts expectations for a 50 bps Fed cut this month.

EBC Financial Group
Typ: STP, ECN
Förordning: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Oil and Gold Climb as the Week Begins

Oil and Gold Climb as the Week Begins

Brent crude rose despite OPEC+ easing supply cuts, supported by strong demand and fresh sanctions risk. Gold hit a new record above $3,611 as weak US job data boosted Fed rate cut bets and safe-haven flows surged amid rising political uncertainty.
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Dollar slips as bets for third Fed cut rise ahead of jobs revision

Dollar slips as bets for third Fed cut rise ahead of jobs revision

US employment expected to be revised down by 800,000 for year to March. A bigger revision could bolster bets for 50-bps rate cut in September. Dovish expectations pummel bond yields and dollar, lift stocks and gold. Euro and French bonds stay calm after PM Bayrou ousted.
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Dollar slips as bets for third Fed cut rise ahead of jobs revision

Dollar slips as bets for third Fed cut rise ahead of jobs revision

US employment expected to be revised down by 800,000 for year to March. A bigger revision could bolster bets for 50-bps rate cut in September. Dovish expectations pummel bond yields and dollar, lift stocks and gold. Euro and French bonds stay calm after PM Bayrou ousted.
XM Group | 6h 58minuter sedan