News
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Investing.comJul 9, 2024
Powell flags cooling labor market as emerging risk as Fed moves closer to cuts
AUD/NZD sees slight uptick ahead of RBNZ decision, hawkish RBA
United States API Weekly Crude Oil Stock came in at -1.9M below forecasts (-0.25M) in July 5
Investing.comJul 9, 2024
Talen Energy prepares for NASDAQ Global Select market listing
Gold ticks up as Powell hints patience
USD/CHF mildly rises, eyes on US inflation data this week
Other
Powell flags cooling labor market as emerging risk as Fed moves closer to cuts
Investing.com -- Federal Reserve Chairman Jerome Powell on Tuesday didn't quell expectations for a September cut, but rather appeared to be laying the foundations for cut in the coming months after flInvesting.com
Jul 9, 2024
Commodities
Gold ticks up as Powell hints patience
Gold prices edged up during Tuesday’s North American session after Federal Reserve Chair Jerome Powell appeared at the US Senate Banking Committee and stated that inflation is moving toward the Fed’s 2% goal, yet it is not ready to lower borrowing costs.Fxstreet
Jul 9, 2024
Economic Indicator
Forex Today: Focus remains on Powell and Fedspeak
The Greenback maintained its constructive start to the week and lifted the USD Index (DXY) further north of 105.00 as investors digested Powell’s prudent first testimony and maintained their attention on upcoming Fedspeak and key US data.
Fxstreet
Jul 9, 2024
Indices
Dow Jones Industrial Average churns after still-cautious Fed flubs market hopes for tone shift
The Dow Jones Industrial Average (DJIA) tumbled in early Tuesday trading after Federal Reserve (Fed) Chairman Jerome Powell delivered less-dovish-than-expected talking points while testifying on the Fed’s semiannual Monetary Policy Report in the first of two appearances in as many days.Fxstreet
Jul 9, 2024
Indices
US Dollar mildly strengthens following Powell's Congressional testimony
The US Dollar staged a minor comeback and the DXY rose to 105.20, courtesy of Federal Reserve (Fed) Chairman Jerome Powell's recent congressional comments, which shied away from embracing rate cuts in the immediate future, advocating for patience instead.Fxstreet
Jul 9, 2024
Forex
Canadian Dollar goes sideways after Tuesday’s Fed fizzle
The Canadian Dollar (CAD) found little reason to move in any particular direction on Monday with little meaningful data on the offering and a flubbed US Federal Reserve (Fed) appearance that gave markets nothing to work with.
Fxstreet
Jul 9, 2024
Economic Indicator
Powell speech: Job creation is narrowing in the economy
Jerome Powell, Chairman of the US Federal Reserve (Fed), delivers the Semi-Annual Monetary Policy Report and responds to questions before the Senate Banking Committee on the first day of his Congressional testimony.Fxstreet
Jul 9, 2024
