News
Important Only
PBOC sets USD/CNY reference rate at 7.1342 vs. 7.1310 previous
Investing.comJul 10, 2024
Oil prices rise as US inventories shrink more than expected
Gold price edges higher ahead of Fed Chair Powell’s second testimony
Investing.comJul 9, 2024
US stock futures steady as markets digest Powell testimony, rate cut outlook
Japan Producer Price Index (YoY) meets expectations (2.9%) in June
Japan Producer Price Index (MoM) registered at 0.2%, below expectations (0.4%) in June
Stocks
US stock futures steady as markets digest Powell testimony, rate cut outlook
Investing.com-- U.S. stock futures moved in a tight range in evening deals on Tuesday, steadying as optimism over interest rate cuts saw Wall Street notch record highs, albeit at a slower pace.TestimoInvesting.com
Jul 9, 2024
Economic Indicator
RBNZ expected to keep key interest rate on hold as inflation pressures persist
Following its July monetary policy meeting on Wednesday, the Reserve Bank of New Zealand (RBNZ) is set to hold the Official Cash Rate (OCR) at 5.50%, extending the pause into an eighth meeting in a row.
Fxstreet
Jul 9, 2024
Forex
USD/JPY Price Analysis: Rises past 161.00 as Powell stays cautious
The USD/JPY advanced for the second straight day and climbed above the 161.00 figure on Tuesday as Fed Chair Jerome Powell remained cautious on rate cuts despite acknowledging that the US central bank's dual mandate risks are more balanced.Fxstreet
Jul 9, 2024
Commodities
U.S crude oil futures slip despite larger-than-expected dip in crude stocks
Investing.com -- U.S crude oil futures slipped in post-settlement trading Tuesday even as the American Petroleum Institute reported a larger-than-expected decline in domestic weekly crude stocks in aInvesting.com
Jul 9, 2024
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
