News
Important Only
Investing.comJun 28, 2024
JPMorgan remains cautious on S&P 500, sees more than 20% downside risk
FxstreetJun 28, 2024
Dow Jones Industrial Average steepens Friday decline as risk appetite flounders
Australian Dollar benefits from hawkish RBA, soft PCE data from the US
Mexican Peso advances steadily after Banxico maintains rates
United States Baker Hughes US Oil Rig Count dipped from previous 485 to 479
Canadian Dollar gains ground after Canadian GDP steps higher
Stocks
JPMorgan remains cautious on S&P 500, sees more than 20% downside risk
JPMorgan (NYSE:JPM) strategists released a mid-year outlook, indicating a challenging environment for the continuation of recent stock market trends, which have seen significant gains driven by a smalInvesting.com
Jun 28, 2024
Indices
Dow Jones Industrial Average steepens Friday decline as risk appetite flounders
The Dow Jones Industrial Average (DJIA) briefly rallied to 39,440.00 early Friday after US Personal Consumption Expenditure Price Index (PCE) inflation figures printed as markets broadly expected.Fxstreet
Jun 28, 2024
Forex
Mexican Peso advances steadily after Banxico maintains rates
The Mexican Peso recovered ground against the US Dollar and rallied more than 1% on Friday after the Bank of Mexico (Banxico) decided to keep rates unchanged due to “idiosyncratic factors” and the Peso’s depreciation following the June 2 general election results.Fxstreet
Jun 28, 2024
Forex
Canadian Dollar gains ground after Canadian GDP steps higher
The Canadian Dollar (CAD) found some room on the high side on Friday, pushing up by a scant tenth of a percent against the US Dollar amid choppy intraday price action after key economic data broadly met market expectations.Fxstreet
Jun 28, 2024
Forex
GBP/USD Price Analysis: Posts weekly losses, directionless beneath 1.2650
The GPB/USD is subdued during the North American session on Friday following a positive UK GDP report, yet an uptick in the Fed’s preferred gauge of inflation, the PCE Price Index, capped the major, which trades at 1.2642, virtually unchanged.
Fxstreet
Jun 28, 2024
Commodities
Copper is under selling pressure – TDS
Price action in the base metal complex is staving off Commodity Trading Advisor (CTA) selling pressure in Copper, however the higher selling trigger, now at $9,350/t, is becoming more of an entrenched risk for the red metal, TDS commodity strategists note.Fxstreet
Jun 28, 2024
