EBC Daily Snapshot Jul 1, 2024

NZD/USD Continues to Climb Amidst USD Weakness

The NZD/USD pair has extended its upward movement into a third session, reaching 0.6106 amid growing weaknesses in the US dollar.

RoboForex | 53 minutes ago

EBC Markets Briefing | Gold hit near two-week high on US slowing

Gold prices neared a two-week high on Thursday, boosted by expectations of a Fed interest rate cut in September following labor market easing.

EBC Financial Group | 1h 21min ago

Bitcoin is more likely to fall to $51.5K than rise to $65.8K

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin is more likely to fall to $51.5K than rise to $65.8K

FxPro | 2h 2min ago

Wall Street Rally Ahead of NFP

Wall Street saw a notable rally with the Nasdaq and S&P 500 reaching all-time highs, while the Dow Jones lagged.

PU Prime | 3h 34min ago

Daily Global Market Update

EUR/USD is trending positive, gold price surges against USD, and Alibaba stock rises. Yen falls to a 38-year low, while US stock markets hit record highs. Watch out for upcoming economic releases from Japan, Australia, and Germany.

Moneta Markets | 3h 42min ago

EURUSD - Initial Relief Amid Uncertain Election Outcome

At the beginning of this week, the euro saw a modest increase following the first round of the French elections. This resulted in the EUR/USD reaching a high of 1.0776 and the EUR/GBP rising to 0.8500. Investors are optimistic that Marine Le Pen's National Rally (RN) Party might not achieve a parliamentary majority.

ACY Securities | 7h 35min ago

USA GDP and Inflation Revised Up, Trade Deficit Expands, Employment Stabilizes

The latest economic data release from USA brought updates to several key metrics, reflecting some modest adjustments to previous estimates on.

ACY Securities | 7h 36min ago

NFP Predication – Will it Drive the USD Lower?

I’m expecting that the payroll growth will decrease to 175,000 -170,000 in June, down from May's 272,000. The unemployment rate is forecasted to stay steady at 4.0%. Wage growth is anticipated to drop to a post-pandemic low of 3.9% year-over-year.

ACY Securities | 7h 36min ago

EURUSD	1.07998	GBPUSD	1.27545	AUDUSD	0.67212
USDJPY	161.269	USDCAD	1.36226	USDCHF	0.90064