USD falls and stocks rise ahead of a data busy day
The DAX eked out a positive close on Wednesday, although still trades down 2.4% so far this week as investors digest a darkening economic outlook.
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US durable goods orders and Nvidia earnings in focus
Nvidia is due to report Q2 earnings after the close. Earnings come as the share price trades down 44% this year due to global headwinds.
Euro and stocks hold losses ahead of PMI data
EUR/USD dropped 0.95% yesterday, taking the price below parity to its lowest level in 2 decades.
PBoC cuts rates and Jackson Hole moves into focus
Gold fell for five straight days last week, its longest losing run since November 2021, which saw it shed 3%
Hawkish Fed hits Bitcoin and UK retail sales up next
After rising over 6% last week, following cooler-than-forecast US inflation, Bitcoin has fallen this week, paring those gains.
Fed minutes hurt stocks and eurozone inflation is due
The S&P500 closed 0.7% lower yesterday amid renewed growth concerns and after retailer Target dragged the retail sector lower.
RBNZ hikes rates and Fed minutes move into focus
NZD/USD dropped 0.3% on Tuesday ahead of the RBNZ’s interest rate decision and despite a mildly weaker USD.
UK unemployment data and US retailers reporting
FTSE =>The index rises over 7500Walmart => The stock trades down 9% this yearUSD/CAD => The pair falls to 1.29…
EUR/GBP enjoying a two-week high and magic returns to Disney
EUR/GBP surges to a two-week high as storm clouds hover over the UK economy The EURO continues its impressive…
EUR/USD and S&P 500 wait with bated breath for the US CPI Announcement
EUR/USD make some gains, but EURO bulls cautious ahead of the US CPI The EUR has made a slight…
Greenback making a move against the JPY and Oil under pressure with demand concerns.
Greenback Striking Back Against the JPY? USD/JPY is attempting to have a third straight day of gains as the…
GBP/USD losing its appeal, while Gold gets Shine back due to Taiwan tensions
GBP/USD Heading South as Taiwan Fear’s Awakes the Bears GBP/USD is hovering around the 1.22 level, having looked set…
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