Upward Revision to Q2 GDP Aids the US Dollar’s Feable Recovery
The second estimate of US GDP growth in Q2 saw an upward revision from 2.5% to 3%. However, US resilience has come under pressure, particularly in the labour market of late from DailyFX – Market News https://bit.ly/3Mq4VYE via IFTTT
Gold (XAU/USD) and Silver (XAG/USD) Drift as US Dollar Pares Recent Losses
Gold and silver have come off their recent highs as the US dollar nudges higher ahead of the US open. Nvidia results after the US market closes will be key for risk sentiment. from DailyFX – Market News https://bit.ly/3Z1yyHa via IFTTT
Libya Outages and Middle East Tensions Spark Supply Concerns. WTI Nears key $77.40 Resistance
WTI crude nears pivotal $77.40 level and Brent crude shies away from confluence resistance. External factors continue to influence recent moves as Middle East threat eases from DailyFX – Market News https://bit.ly/4dDuyBn via IFTTT
Japanese CPI and Ueda’s Comments Prop up the Yen Ahead of Powell’s Address
Japanese inflation provided a slight surprise to the upside, helping the yen gain some ground on the dollar. Markets, however, look to Jerome Powell’s speech later today from DailyFX – Market News https://bit.ly/3Xel3CP via IFTTT
EUR/USD Underpinned by Better-Than-Expected Euro Area PMIs, Weak US Dollar
Today’s forecast beating Euro Area flash PMIs is underpinning the recent EUR/USD rally as Friday’s speech by Fed chair Jerome Powell nears. from DailyFX – Market News https://bit.ly/3SYlMpl via IFTTT
EUR/USD and GBP/USD Rallies Fuelled by Ongoing US Dollar Weakness
The UD dollar continues to weaken ahead of today’s FOMC minutes and Fed chair Jerome Powell’s Jackson Hole appearance on Friday from DailyFX – Market News https://bit.ly/3MfQNkM via IFTTT
Strong Yen Weighed on Japan’s Trade Balance in July, Fed Speakers up Next
The significant strengthening of the yen added to Japan’s trading deficit in July but economists and the market as a whole still expect another rate hike in December from DailyFX – Market News https://bit.ly/3YRnjB4 via IFTTT
US Dollar Remains Weak Ahead of Jackson Hole, USD/JPY and Gold Latest
The US dollar is trading at levels last seen eight months ago as traders wait for Fed chair Jerome Powell’s Jackson Hole speech later this week. from DailyFX – Market News https://bit.ly/3AoFW5e via IFTTT
Nvidia’s Q2 Earnings Preview: The Fight to Stay on Top
What to look out for regarding Nvidia’s Q2 earnings result on 28 August 2024. from DailyFX – Market News https://bit.ly/4dIZsHX via IFTTT
Gold (XAU/USD) – Repeated Attempts at a Fresh All-Time High, US Retail Sales Weigh
Gold continues to test, and reject, its previous all-time high at $2,485/oz. and a break higher is being pared by a strong US retail sales report from DailyFX – Market News https://bit.ly/46M39dU via IFTTT
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