News
Important Only
WTI hovers around $82.00 as soft inflation raises the odds of Fed rate cuts
Investing.comJul 12, 2024
Asian stocks sink as tech profit-taking overshadows rate cut cheer
Gold price pulls back from multi-week top, downside potential seems limited
Japan’s Suzuki: Rapid FX moves undesirable
Investing.comJul 12, 2024
Oil prices rise amid rate cut cheer, summer demand hopes
Australian Dollar pulls back from six-month highs
Commodities
Gold price pulls back from multi-week top, downside potential seems limited
Gold price (XAU/USD) rallied to the $2,424-2,425 area on Thursday, or its highest level since May 22 in reaction to another tame US inflation report, which boosted expectations that the Federal Reserve (Fed) will cut interest rates in September.Fxstreet
Jul 12, 2024
Forex
Japanese yen firms, USDJPY slides amid intervention talk, rate cut hopes
Investing.com-- The Japanese yen firmed sharply on late-Thursday, with the USDJPY pair dropping to a near one-month low amid speculation over potential currency market intervention by the government.SInvesting.com
Jul 12, 2024
Economic Indicator
Fed's Goolsbee: CPI data indicate inflation on 2% path
Federal Reserve Bank of Chicago President Austan Goolsbee on Friday marked the latest inflation report as “excellent.” Goolsbee further stated that the reports prove that the central bank is on track to meet its 2% target.Fxstreet
Jul 12, 2024
Economic Indicator
Japan's Kanda: Recent Japanese Yen moves are somewhat rapid
Japan's top currency diplomat, Masato Kanda, who will instruct the BoJ to intervene, when he judges it necessary, said on Friday that the recent move of the Japanese Yen (JPY) is somewhat rapid and he will take appropriate measures on foreign exchange (FX) if needed.Fxstreet
Jul 12, 2024
Other
“I’m the most qualified person to run for President,” Biden says at NATO summit
Investing.com-- President Joe Biden on Thursday reiterated his bid to run in the 2024 presidential race, dismissing concerns over his mental health and stating that he would beat Republican frontrunneInvesting.com
Jul 12, 2024
Stocks
US stock futures steady as Wall St falls after CPI data; Q2 earnings awaited
Investing.com-- U.S. stock index futures steadied in evening deals on Thursday as Wall Street was slapped with profit-taking even as inflation showed signs of cooling, with focus now turning to the seInvesting.com
Jul 12, 2024
