News
Important Only
FxstreetJul 15, 2024
Dow Jones Industrial Average finds new record high as Fedspeak keeps rate cut hopes high
Investing.comJul 15, 2024
Inflation data boosted confidence, Powell says, as Fed inches toward rate cuts
Mexican Peso tumbles as US Dollar appreciates on Trump’s attack
FxstreetJul 15, 2024
Fed's Powell: Decisions to be made on a meeting-by-meeting basis
Canadian Dollar flounders on Monday, BoC notes continued pessimistic outlook
FxstreetJul 15, 2024
US Dollar sustains losses as disinflation fears mount
Indices
Dow Jones Industrial Average finds new record high as Fedspeak keeps rate cut hopes high
The Dow Jones Industrial Average (DJIA) rallied into a new all-time peak on Monday, clipping into 40,346.22 before settling back into the day’s opening range near 40,200.00 as markets continue to weigh the odds of a future rate cut from the Federal Reserve (Fed).Fxstreet
Jul 15, 2024
Other
Inflation data boosted confidence, Powell says, as Fed inches toward rate cuts
Investing.com --Federal Reserve Chairman Jerome Powell said Monday that recent inflation readings had boosted the Fed's confidence on bringing down inflation, suggesting the central bank is moving cloInvesting.com
Jul 15, 2024
Forex
Mexican Peso tumbles as US Dollar appreciates on Trump’s attack
The Mexican Peso begins the week on the back foot, losing more than 1% in early trading on Monday amid risk aversion following an assassination attempt on former US President Donald Trump during a rally in Pennsylvania.Fxstreet
Jul 15, 2024
Stocks
Stifel downgrades Lufthansa shares to 'Sell' – Price target drastically lowered
Investing.com - Stifel has downgraded the stock of Deutsche Lufthansa AG (ETR:LHAG) from "Hold" to "Sell" and lowered the target price from €7.00 to €4.50. This move follows a significant doInvesting.com
Jul 15, 2024
Commodities
The Third Plenum is set to give a boost to base metals – TDS
The gathering of top Chinese party officials amid the Third Plenum has kept base metals from weakening further, as traders await for signs of additional stimulus to turn the tide, TD Securities senior commodity strategist Daniel Ghali notes.Fxstreet
Jul 15, 2024
Forex
EUR/USD: Additional strength towards 1.0950/80 possible – Scotiabank
The Euro (EUR) retains a firm undertone. Minor dips to the upper 1.08s were well-supported in overnight trade and spot has regained the low 1.09 area fairly easily through European trade to trade to a marginal new, short-term high (highest since March), Scotiabank’s chief FX strategist Shaun Osborne notes.
Fxstreet
Jul 15, 2024
