Latest Market News
The US Tech stock index reached a new all-time high on the news of easing US inflation and corrected to 3%. Potential for further growth persists until the end of the week amid comments from US Federal Reserve Chair Jerome Powell. US Tech trading key points Recent data: US Federal Reserve Chair Jerome Powell said […]
The EURUSD pair is strengthening amid the eurozone’s news. US negative data will drive a further rise. EURUSD trading key points The eurozone’s core consumer price index (y/y): previously at 2.9%, forecasted at 2.9% The eurozone’s consumer price index (y/y): previously at 2.6%, forecasted at 2.5% US industrial production (m/m): previously at 0.9%, forecasted at […]
After pulling back, Brent continues to trade around 84.50. The Federal Reserve chair’s speech may trigger a further correction. Brent trading key points A speech by US Federal Reserve Chair Jerome Powell A speech by US Federal Open Market Committee (FOMC) official Mary C. Daly Brent price targets: 83.12 and 87.87 Fundamental analysis The speech […]
The US 500 stock index reached a new all-time high following the release of US consumer inflation data. Actual price growth rates allow the Federal Reserve to lower the key rate twice by the end of the year. US 500 trading key points Recent data: consumer CPI inflation in June fell to 3.00% year-over-year compared […]
The EURUSD rate declines on Tuesday, 16 July 2024, as investors evaluate comments from Federal Reserve Chair Jerome Powell. EURUSD trading key points Markets estimate the likelihood of a Federal Reserve key rate cut at 94.4% Today, investors are awaiting US June retail sales data EURUSD price targets: 1.0800 and 1.0950 Fundamental analysis The US […]
The USDJPY rate stabilised around 157.94 on Monday morning, 15 July 2024, after a two-day decline of more than 2%. USDJPY trading key points The Bank of Japan is said to spend up to 3.57 trillion yen on 11 July 2024 to support the national currency exchange rate Low liquidity may prompt the Japanese regulator […]