News
Important Only
NZD/USD Price Analysis: Pairs regains ground, future depends on the 20-day SMA resistance hold
GBP/USD rises to 12-month high on Friday as markets pile into rate cut hopes
FxstreetJul 12, 2024
United Kingdom CFTC GBP NC Net Positions climbed from previous £62K to £84.7K
FxstreetJul 12, 2024
Eurozone CFTC EUR NC Net Positions: €3.6K vs €-9.5K
FxstreetJul 12, 2024
United States CFTC S&P 500 NC Net Positions dipped from previous $-11.8K to $-55K
United States CFTC Gold NC Net Positions up to $254.8K from previous $241.5K
Forex
GBP/USD rises to 12-month high on Friday as markets pile into rate cut hopes
GBP/USD wrapped up Friday on the high side of a two-week rally as the US Dollar broadly buckles under the weight of investors dog-piling into hopes of getting a rate cut from the Federal Reserve (Fed) in September.Fxstreet
Jul 12, 2024
Stocks
US 10Y Treasury could likely fall below 4% by end of summer as Fed rate-cut nears
Investing.com -- The 10-Year Treasury yield fell for a second week in a row on Friday, prompting some on Wall Street to bet on a potential slip below 4% by the end of the summer as the Federal ReserveInvesting.com
Jul 12, 2024
Indices
Dow Jones Industrial Average soars on rate cut hopes, sets new all-time high
The Dow Jones Industrial Average (DJIA) soared over 450 points on Friday as markets pile back into renewed hopes for rate cuts from the Federal Reserve (Fed) in September even as US Producer Price Index (PPI) wholesale inflation accelerated faster than expected in June.Fxstreet
Jul 12, 2024
Forex
Mexican Peso hits five-week high as Fed dovish bets intensify
The Mexican Peso extended its rally for the ninth consecutive trading day against the Greenback on Friday following the release of Mexico’s Industrial Product figures and June’s US inflation data on the producer side.
Fxstreet
Jul 12, 2024
