News
Important Only
Gold price secures third week of gains, holds above $2,400
FxstreetJul 12, 2024
Argentina Consumer Price Index (MoM) below forecasts (5.1%) in June: Actual (4.6%)
FxstreetJul 12, 2024
Dow Jones Industrial Average soars on rate cut hopes, sets new all-time high
Australian Dollar maintains momentum, markets respond to US inflation data
Mexican Peso hits five-week high as Fed dovish bets intensify
FxstreetJul 12, 2024
United States Baker Hughes US Oil Rig Count fell from previous 479 to 478
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
Forex
GBP/USD Price Analysis: Soars as bulls set their sights at 1.3000
The Pound Serling rallied sharply against the US Dollar on Friday, up by more than 0.50% even though US inflation data on the producer front was slightly higher than expected, contrary to consumer prices revealed on Thursday.
Fxstreet
Jul 12, 2024
Commodities
Industrial metals see demand wain in China – TDS
Base metals have held strong as stimulus optimism gets baked in, however there’s an increasing level of bearishness on the ground in China, TDS com Base metals see their longs liquidated “With the upcoming plenum in China gaining plenty of market focus, base metals have held strong as stimulus optimism gets baked in.Fxstreet
Jul 12, 2024
