EUR/USD Cautious at Key Support Ahead of US CPI & ECB Decision
The pair is cautious at pivotal support cluster after a poor weekly start, as markets brace for Wednesday’s US inflation update and Thursday’s ECB rate decision
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The pair is cautious at pivotal support cluster after a poor weekly start, as markets brace for Wednesday’s US inflation update and Thursday’s ECB rate decision
The tech-heavy index posted its worst week of the year and re-entered correction territory after a negative reaction to the NFPs, as markets await Wednesday’s inflation update
Despite the favorable monetary policy differential, USD/CAD dropped after the central bank of Canada lowered rates by 0.25%, while Friday’s US NFPs loom
Oil prices dropped to their lowest levels in nearly nine months as concerns over weak demand and potential increases in supply weighed heavily on the market. Despite hopes for a recovery, the outlook remains subdued with oversupply and economic uncertainties dominating the scene.
The tech-heavy index is on the verge of correction, as Nvidia suffered heavy losses and weak PMIs reignite recession fears, ahead of Friday’s jobs report
The pair rebounded over the past few days, but today’s moderation in Swiss inflation is unable to add momentum
After a strong performance last month, HKG33 starts September with a fall to critical tech levels as manufacturing PMI contracted further
Despite the AI bellwether's blockbuster results, guidance created concerns, but NAS100 regains its footing as markets focus on Fed rate cut prospects
The pair trades with caution at multi-month highs as Australian CPI report came in hotter than anticipated, but also showed significant moderation
The pair reached new highs after Fed Chair Powell signaled a pivot, but market pricing appears aggressive and the ECB is ahead in monetary easing
The pair is ion risk of new 2024 lows after Fed Chair Powell opened the door to a September rate cut, whereas his Japanese counterpart kept more hikes in play
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