Eurozone inflation and US private payrolls to influence trade
Oil -> The commodity steadies at 92.50 | HPE -> The stock trades 2.5% higher pre-market | EUR/USD -> The euro rises towards 1.0050.
ENCategory Market Updates
German inflation and US consumer confidence in focus
DAX -> The index rises towards 13000 | Baidu -> The stock trades 7% higher across August | USD/JPY -> The pair falls from 139.00.
Fed Chair Powell’s hawkish comments drive the market
Gold => The commodity falls towards $1720 BTC/USD => The cryptocurrency trades below $20k AUD/USD => The pair falls below 0.6850 Gold hits a monthly low Gold tumbled on Friday following Federal Reserve Chair Jerome Powell’s speech where he surprised…
Nerves show ahead of Powell’s Jackson Hole speech
Nasdaq => The index slips towards 13100 ETH/USD => The cryptocurrency trades 7% higher this week EUR/GBP => The pair rises towards 0.8450 Nasdaq awaits Fed Powell The Nasdaq closed 1.6% higher in the previous session, helped higher by stronger…
USD falls and stocks rise ahead of a data busy day
The DAX eked out a positive close on Wednesday, although still trades down 2.4% so far this week as investors digest a darkening economic outlook.
US durable goods orders and Nvidia earnings in focus
Nvidia is due to report Q2 earnings after the close. Earnings come as the share price trades down 44% this year due to global headwinds.
Euro and stocks hold losses ahead of PMI data
EUR/USD dropped 0.95% yesterday, taking the price below parity to its lowest level in 2 decades.
PBoC cuts rates and Jackson Hole moves into focus
Gold fell for five straight days last week, its longest losing run since November 2021, which saw it shed 3%
Hawkish Fed hits Bitcoin and UK retail sales up next
After rising over 6% last week, following cooler-than-forecast US inflation, Bitcoin has fallen this week, paring those gains.
Fed minutes hurt stocks and eurozone inflation is due
The S&P500 closed 0.7% lower yesterday amid renewed growth concerns and after retailer Target dragged the retail sector lower.