EBC Daily Snapshot Sep 18, 2024
The dollar wavered 18 Sep 2024 after US retail sales unexpectedly rose in August, and the Atlanta Fed raised its GDPNow estimate to 3% from 2.5%.
EBC Financial Group
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94 days ago
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Dollar takes a breather ahead of PCE inflation data
Dollar pulls back, but data corroborate Fed’s hawkish stance - Yen bleeding stops after Japan’s CPI data reveal acceleration - Pound weakens as three BoE policymakers voted for a rate cut - Wall Street set to open lower on risk of a US government shutdown
XM Group
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1 day ago
Brent Oil Under Pressure Again: USD and China in Focus
Brent crude oil prices fell below 73 USD per barrel on Friday, reflecting ongoing downward pressure.
RoboForex
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1 day ago
Daily Global Market Update
Pound weakened against the dollar, Bitcoin declined, and oil prices remained stable. The Australian dollar recovered, and the global financial landscape saw increased cryptocurrency hacking and mixed economic signals. Key economic events to watch include Japanese and European data releases.
Moneta Markets
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1 day ago
Dollar Bolsters by Upbeat U.S. Economic Indicators
Following the hawkish remarks from the Fed on Wednesday after the interest rate decision, the upbeat U.S. economic indicators released yesterday have further boosted the U.S. dollar, driving it to a two-year high.
PU Prime
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1 day ago
ATFX Market Outlook 19th December 2024
The U.S. central bank lowered interest rates on Wednesday, as expected. Federal Reserve Chair Jerome Powell indicated that further cuts would depend on progress in reducing high inflation. His remarks suggest policymakers are considering potential economic changes under the Trump administration.
ATFX
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1 day ago
The Fed's reduced rate cut forecast boosted the dollar, dropping gold by $60 below $2600.
On Wednesday, the Federal Reserve unexpectedly halved its expectation of a rate cut next year, causing the US dollar index to violently rise 120 points and ultimately close up 1.228% at 108.26
CWG Markets
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1 day ago
EBC Markets Briefing | Powell has not killed the bull market
US stocks plunged, with the Dow Jones hitting a record low. Many strategists see potential for further gains, while Tesla's stock hit a new high.
EBC Financial Group
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2 days ago
NZD/USD at a New Low: The Problem is the US Dollar and Local GDP
NZD/USD has dropped to its lowest level since October 2022, trading around 0.5620. The currency pair is under pressure from two major factors: the strengthening US dollar and New Zealand’s weak domestic economic data.
RoboForex
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2 days ago
