Articles
-
Jul 9, 2024 |
marketpulse.com | Zain Vawda |Kenny Fisher |Craig Erlam
Gold prices supported by rate cut expectations and central bank buying. Gold ETFs see positive flows, suggesting bullish momentum. Fed Chair Powell’s testimony and may cause short-term volatility but no direction. MOST READ: Oil Price Update – Oil Prices Fall as Gaza Talks and Hurricane Beryl Take Center StageGold prices found support at $2350 per ounce yesterday after a selloff erased Friday’s gains.
-
Jul 9, 2024 |
marketpulse.com | Kenny Fisher |Craig Erlam
The euro is showing little movement on Tuesday. EUR/USD is trading at 1.0819, up 0.05% on the day. The eurozone Sentix Investor Confidence index resumed its losing ways on Monday. The index slid to -7.3 in July, after a 0.3 gain in June. Prior to the June reading, the index had declined continuously since March 2022. There have been signs that the eurozone economy is finding its feet but investors aren’t showing any optimism over the eurozone’s economic outlook.
-
Jul 9, 2024 |
marketpulse.com | Kenny Fisher |Craig Erlam
The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing. The New Zealand dollar looked sharp last week against the slumping US dollar, climbing 0.88%. Reserve Bank expected to hold rates againThe Reserve Bank of New Zealand is expected to hold its cash rate at 5.50% for an eighth straight time when its meets early on Wednesday.
-
Jul 9, 2024 |
marketpulse.com | Kenny Fisher |Craig Erlam
The Australian dollar continues to show little movement this week. AUD/USD is trading at 0.6638 in the European session, up 0.02% on the day. Australia released mixed confidence indicators earlier today while there are no US economic releases. Federal Reserve Chair Powell testifies before the US Senate banking committee later today. Australian confidence indicators presented a mixed picture of the mood in the private sector.
-
Jul 9, 2024 |
marketpulse.com | Kelvin Wong |Kenny Fisher |Craig Erlam
Recent rebound in WTI crude has remained below US$90/barrel which in turn led to a softening of inflationary expectations via the breakeven rates. A further downward drift in the 10-year US breakeven rate may a further drop in the 10-year US Treasury real yield. Lower opportunity costs in hold Gold (XAU/USD) support the potential start of another medium-term bullish impulsive upmove sequence above US$2,285 key support.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →X (formerly Twitter)
- Followers
- 6K
- Tweets
- 15K
- DMs Open
- No
Is the Fed almost done with rate cuts after its third consecutive move on Wednesday? Why did Chair Powell's comments jolt the markets? I discussed this with @SallyBundockBBC on @BBCNews @BBCWorld this morning. Check it out while you can (5:35) https://t.co/w0erqanHgv https://t.co/IUKCW0xtKE
Donald Trump and Jerome Powell clashed repeatedly during the President-elects first term but it seems it's going to be a more peaceful relationship this time around. I discussed why this is with @SallyBundockBBC on @BBCNews @BBCWorld this morning (05:40) https://t.co/qlf73pDmj4 https://t.co/ezbQHh38jG
Great to join @SallyBundockBBC again on @BBCWorld @BBCNews to discuss the fallout of COP29. Check it out on iPlayer while you can https://t.co/w0erqan9qX https://t.co/vmRNMniOce