The calm after the inflation storm
The Nasdaq took a hammering yesterday after US inflation data caught the market off guard and was hotter than expected.
ENCategory Market Updates
Cautious trade ahead of US inflation
Gold => The commodity falls to1720FTSE => The index falls towards 7450BTC/USD => The cryptocurrency holds over 22k Gold edges lower with CPI in focus Gold rose 0.5% in the previous session, extending gains from the last week, and testing…
Risk on ahead of US inflation data later in the week
EUR/GBP => The pair rises towards 0.87BTC/USD => The cryptocurrency rises towards 22kS&P500 => The index rises holds over 4050 EUR/GBP looks to UK GDP data EUR/GBP rose 0.2% across the previous week, rising to an almost three-month high, over…
Market mood improves despite hawkish comments from Powell
Oil - The commodity rises towards 85.00 | BTC/USD - The cryptocurrency holds $20k | AUD/USD => The pair rises
Mild relief from USD strength ahead of ECB meeting and Jerome Powell
EUR/USD - The pair holds below 1.00 | BTC/USD - The cryptocurrency rises above $19k | Gold - The commodity falls below 1700.
Strong US and weak Chinese data in focus ahead of the BoC
USD/CAD - The pair rises towards 1.32 | BTC/USD - The cryptocurrency falls below $19k | Gold - The commodity falls below 1700
Stocks rise cautiously and USD steadies with service sector data due
S&P500 => The index rises towards 3950 | BTC/USD =>The cryptocurrency remains below $20k | AUD/USD => The pair rises over 0.68
Energy crisis hits EUR and oil rises ahead of OPEC
EUR/USD => The euro falls to 0.99 | BTC/USD =>The cryptocurrency remains below $20k | Oil => The commodity rises towards $90
USD at a 2 decade high ahead of jobs data
USD/JPT -> The pair rises to a 24-year high
Copper -> The commodity falls below 7550
Nvidia -> The stock falls to a 16-month low
Stocks to start September on the back foot
S&P500 -> The index falls below 3950 Broadcom -> The stock trades 22% lower YTD EUR/GBP -> The pair rises to 0.8650 S&P 500 falls for the 5th day US stocks fell for a fourth straight day yesterday, closing 0.8%…