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Analysis
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Cryptocurrencies
Bitcoin price today: down to $60k amid Mt Gox dumping fears
Sentiment towards broader crypto markets also remained dour amid uncertainty over U.S. interest rates, with a recent drop in the dollar doing little to det
Forex
EUR/GBP trades with mild losses below 0.8500 ahead of ECB’s Lagarde speech
Investors await the Eurozone PMI data for June and the ECB’s Lagarde speech on Wednesday.
Commodities
USD/CAD falls toward 1.3750 due to higher Oil prices
WTI Oil price edges higher due to supply threat amid escalated geopolitical tensions in the Middle East.
Stocks
European stocks higher; Powell's comments, politics in spotlight
European stock markets rose Wednesday, as investors digested comments from U.S. Federal Reserve Chair Jerome Powell amid a volatile political situation.
Forex
EUR/USD caught in chart churn ahead of Wednesday’s HCOB PMIs, US ADP jobs figure
EUR/USD spent Tuesday in a churning pattern, cycling just below 1.075 as the pair grapples with finding momentum.
Commodities
Global gas prices to rise amid tightening supply
According to a research note released on Monday, UBS analysts suggest that global gas prices are set to rise, driven by tightening supply and demand funda
Forex
GBP/USD extends upside above 1.2650, eyes on US data/FOMC Minutes
The GBP/USD pair trades in positive territory for the fifth consecutive day around 1.2688 on Wednesday during the early Asian session.
Commodities
Crude Oil churns on Tuesday, but losses limited after steep API drawdown
API reported a steeper-than-expected drawdown in US Crude Oil supplies.
Forex
USD/JPY extends gains near 161.50 ahead of US data, FOMC Minutes
The monetary policy divergence between Japan and the US exerts some selling pressure on the Japanese Yen.
Commodities
Silver Price Analysis: XAG/USD creeps higher as ‘double bottom’ emerges
Silver advanced 0.20%, after Powell's hawkish comments.
Forex
USD/JPY: The next level to watch is 163.00 above 162.00 – UOB Group
The US Dollar (USD) strength remains intact. It could test the resistance at 162.00 before the risk of a pullback increases. If it breaks above 162.00, the
Forex
Pound Sterling weakens amid caution ahead of Fed Powell’s speech
The Pound Sterling (GBP) retraces to 1.2620 against the US Dollar (USD) in Tuesday’s London session. The GBP/USD pair weakens as market participants turn r
Forex
US Dollar stronger with rising concerns on Trump’s plans
The US Dollar (USD) gains strength on Tuesday, with the bond market fretting over former US President Donald Trump’s spending plans.
Stocks
Goldman: S&P 500 expected to hit 5,600 by year-end after 15% gain in 1H
The S&P 500 rose 15% in the first half of 2024, touching a new all-time high of 5,487 in late June.
Stocks
Goldman: Markets more at risk of correction
The equity market is likely poised for a correction amid growing risks in the second half of 2024, Goldman Sachs (NYSE:GS) strategists said in a new note.
Stocks
NVIDIA H20 demand stronger than expected: Morgan Stanley
Demand for Nvidia’s H20 chips is stronger than previously expected, Morgan Stanely analysts noted Tuesday, citing data from their recent global semiconduct
Stocks
European stocks retreat ahead of key inflation data; politics in spotlight
European stock markets drifted lower Tuesday, with investors awaiting the latest regional inflation data for clues towards the timing of future European Ce
Economics
Futures lower, Fed's Powell to speak, Boeing plea deal - what's moving markets
Federal Reserve Chair Jerome Powell is due to speak at an European Central Bank event, with the Fed's potential interest rate path for the rest of the year
Forex
GBP/JPY trades around 204.00 after pulling back from 16-year highs
GBP/JPY halts its winning streak that began on June 17, trading around 204.00 during the early European session on Tuesday.
Forex
EUR/USD falls slightly with Eurozone inflation and Powell’s speech in focus
Investors await Fed Powell’s speech for fresh guidance on interest rates.
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