Euro Gains Again As Markets Look to Big ECB, Powell Double Bill
There’s plenty of action still to come this week for both sides of the modestly bullish EUR/USD pair
Gold Price Latest: All-Time High Remains Within Touching Distance
Later today Fed Chair Jerome Powell will testify before the House Financial Services Committee and gold traders will be listening carefully.
Bitcoin (BTC) Posts a New All-Time High Before Prices Turn Sharply Lower
The cryptocurrency market jumped and dumped quickly today after Bitcoin set a new all-time high. Further losses ahead or a short-term market correction?
S&P 500, Nasdaq Ease After Apple and Tesla Send Indices Lower
Apple have been fined $2 million in their anti-trust case in Europe while Tesla’s sales in China dropped 25%, weighing on high-flying indices
Crude Oil Prices Struggle As China Growth Plans Fail to Convince
Oil prices remain stuck between still-plentiful global supply and concerns about energy demand in major industrial economies
Japanese Yen (USD/JPY) on Edge as Signs of Wage Pressures Appear
A second Japanese official has given a mildly hawkish policy outlook, citing fresh wage pressures, bolstering market expectations that a rate hike may be triggered, sooner rather than later.
Gold Prices Surge Ahead of Key US Data, All-Time High in Sight
Gold has surged over the last two trading sessions, elevating 30-day gold volatility in the process. Central bank demand for the precious metal is expected to continue in 2024
Nasdaq Bulls Maintain Upward Trajectory Ahead of US Data, Fed Speakers
The tech-heavy index started the week around Friday’s close but trading appears muted in a week of ‘high importance’ US data including Powell’s testimony and NFP
USD/JPY Starts Week Strong; Tokyo Inflation, ISM Services, Powell & NFP in Focus
USD/JPY climbs on Monday, driven by rising U.S. yields. This action-packed week features Tokyo inflation, U.S. ISM services data, Powell’s testimony before Congress, and the critical U.S. jobs report – all potential catalysts for FX volatility.
Oil Price Outlook: OPEC+ Extends Supply Cuts into Q2, WTI & Brent Ease
OPEC+ kept supply cuts in place, with Russia surprising markets by constraining its output for Q2. Red Sea strikes add to upside potential but growth concerns linger