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


https://www.dailyfx.com/news/upward-revision-to-q2-gdp-aids-the-us-dollar-s-vulnerable-recovery-20240829.html?utm_source=dlvr.it&utm_medium=blogger

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.


https://www.dailyfx.com/news/gold-xau-usd-and-silver-xag-usd-drift-as-us-dollar-pares-recent-losses-20240828.html?utm_source=dlvr.it&utm_medium=blogger

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


https://www.dailyfx.com/news/libya-outages-and-middle-east-tensions-spark-supply-concerns-wti-nears-key-77-40-resistance-20240827.html?utm_source=dlvr.it&utm_medium=blogger

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


https://www.dailyfx.com/news/japanese-cpi-and-ueda-s-comments-prop-up-the-yen-ahead-of-powell-s-address-20240823.html?utm_source=dlvr.it&utm_medium=blogger

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.


https://www.dailyfx.com/news/eur-usd-underpinned-by-better-than-expected-euro-area-pmis-weak-us-dollar-20240822.html?utm_source=dlvr.it&utm_medium=blogger

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


https://www.dailyfx.com/news/eur-usd-and-gbp-usd-rallies-fuelled-by-ongoing-us-dollar-weakness-20240821.html?utm_source=dlvr.it&utm_medium=blogger

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


https://www.dailyfx.com/news/strong-yen-weighed-on-japan-s-trade-balance-in-july-fed-speakers-up-next-20240821.html?utm_source=dlvr.it&utm_medium=blogger

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.


https://www.dailyfx.com/news/us-dollar-remains-weak-ahead-of-jackson-hole-usd-jpy-and-gold-latest-20240819.html?utm_source=dlvr.it&utm_medium=blogger

​​​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.​​


https://www.dailyfx.com/news/nvidia-s-q2-earnings-preview-the-fight-to-stay-on-top-20240816.html?utm_source=dlvr.it&utm_medium=blogger

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


https://www.dailyfx.com/news/gold-xau-usd-repeated-attempts-at-a-fresh-all-time-high-us-retail-sales-weigh-20240815.html?utm_source=dlvr.it&utm_medium=blogger

UK Growth Continues to Show Signs of Recovery Despite Stagnant June Print

UK growth has been trending in the right direction even before the Bank of England voted to lower rates earlier this month. GBP/USD partially recovers from the July selloff


https://www.dailyfx.com/news/uk-growth-continues-to-show-signs-of-recovery-despite-stagnant-june-print-20240815.html?utm_source=dlvr.it&utm_medium=blogger

US CPI Steadies Around Estimates – USD and Treasuries Rise

The disinflationary process continues to make minor gains in the US as inflation data for July printed as expected for most measures. Dollar and treasuries rose, SPX futures oscillated


https://www.dailyfx.com/news/us-cpi-steadies-around-estimates-usd-and-treasuries-rise-20240814.html?utm_source=dlvr.it&utm_medium=blogger

UK Headline Inflation Rises by Less Than Expected, GBP/USD Now Eyes US CPI

UK headline inflation rose from 2% in June to 2.2% in July, mainly driven by prices of gas and electricity falling by less than last year, according to the Office for National Statistics.


https://www.dailyfx.com/news/uk-headline-inflation-rises-by-less-than-expected-gbp-usd-now-eyes-us-cpi-20240814.html?utm_source=dlvr.it&utm_medium=blogger

Euro (EUR/USD) Latest – German Economic Outlook Slumps in August

The ZEW economic outlook turned sharply lower in August with economic expectations declining at their fastest rate in two years.


https://www.dailyfx.com/news/euro-eur-usd-latest-german-economic-outlook-slumps-in-august-20240813.html?utm_source=dlvr.it&utm_medium=blogger

UK Unemployment Rate Falls Unexpectedly, but Major Concerns Reappear

In June the UK Unemployment rate dropped, defying expectations while average earnings remained steady. However, July’s sharp rise in unemployment claims raises concern


https://www.dailyfx.com/news/uk-unemployment-rate-falls-unexpectedly-but-major-concerns-reappear-20240813.html?utm_source=dlvr.it&utm_medium=blogger

Alibaba Stock Price Faces Headwinds Ahead of Earnings

E-commerce giant Alibaba will report on 15 August, and weaker performance is expected due to growing competition and a slowing Chinese economy.


https://www.dailyfx.com/news/alibaba-stock-price-faces-headwinds-ahead-of-earnings-20240812.html?utm_source=dlvr.it&utm_medium=blogger

Nasdaq 100, Dow and Dax Continue to Rebound​​​​​​​

After recouping some of their recent losses last week, indices are looking for further gains.


https://www.dailyfx.com/news/nasdaq-100-dow-and-dax-continue-to-rebound-20240812.html?utm_source=dlvr.it&utm_medium=blogger

British Pound (GBP) Latest – BoE Policymaker Warns on Inflation, GBP/USD Analysis

Bank of England policymaker Catherine Mann warned this weekend that the central bank’s battle with inflation continues, underpinning Sterling’s recent uplift.


https://www.dailyfx.com/news/british-pound-gbp-latest-boe-policymaker-warns-on-inflation-gbp-usd-analysis-20240812.html?utm_source=dlvr.it&utm_medium=blogger

Bitcoin (BTC) Testing Technical Resistance, Gold (XAU) Nudging Higher

Bitcoin has rallied sharply off Monday’s spike low but further gains are currently capped by a pair of simple moving averages.


https://www.dailyfx.com/news/bitcoin-btc-testing-technical-resistance-gold-xau-nudging-higher-20240809.html?utm_source=dlvr.it&utm_medium=blogger

RBA Governor Stresses Optionality amid Risks to Inflation and Growth

The RBA maintained a slight hawkish bias on Tuesday, holding interest rates despite rising unemployment and signs pointing to subdued growth in Q2. Focus on stubborn CPI


https://www.dailyfx.com/news/rba-governor-stresses-optionality-amid-risks-to-inflation-and-growth-20240808.html?utm_source=dlvr.it&utm_medium=blogger

Japanese Yen Latest – USD/JPY Stable as Japanese Rate Hike Bets Pushed Back

The Bank of Japan is expected to leave interest rates untouched at the next two policy meetings despite and future policy needs to be ‘conducted carefully’ according to the BoJ


https://www.dailyfx.com/news/japanese-yen-latest-usd-jpy-stable-as-japanese-rate-hike-bets-pushed-back-20240808.html?utm_source=dlvr.it&utm_medium=blogger

Dovish BoJ Comments Stabilise Markets for Now, USD/JPY Rises

The recent USD/JPY sell-off found short-term support after BoJ Deputy Governor Uchida downplayed another rate hike during volatile market conditions


https://www.dailyfx.com/news/dovish-boj-comments-stabilise-markets-for-now-usd-jpy-rises-20240807.html?utm_source=dlvr.it&utm_medium=blogger

Global Sell-off Takes a Breather – USD/JPY and ADU/JPY in Focus

The unravelling of the carry trade has amplified USD/JPY selling while markets look to AUD/JPY as a helpful gauge of risk sentiment


https://www.dailyfx.com/news/global-sell-off-takes-a-breather-usd-jpy-and-adu-jpy-in-focus-20240806.html?utm_source=dlvr.it&utm_medium=blogger

Gold Remains Rangebound, Silver is Weak; Technical and Sentiment Analysis

Gold continues to trade in a multi-month range despite Monday’s sharp sell-off, while silver slips lower, but a longer-term bullish pattern remains in place


https://www.dailyfx.com/news/gold-remains-rangebound-silver-is-weak-technical-and-sentiment-analysis-20240806.html?utm_source=dlvr.it&utm_medium=blogger

Nasdaq 100 and Nikkei 225 Suffer Huge Losses, while Dow Heads Lower

Global indices are suffering more heavy losses, and the Nasdaq 100 is expected to start the day around 900 points lower


https://www.dailyfx.com/news/nasdaq-100-and-nikkei-225-suffer-huge-losses-while-dow-heads-lower-20240805.html?utm_source=dlvr.it&utm_medium=blogger

Risk Gauges Flash Red: VIX, Stocks, Bonds, USD and the Japanese Yen

Risk assets are getting pummeled, especially in Asia at the start of the new week. Numerous macroeconomic factors have aligned to force a shift towards traditional safe havens


https://www.dailyfx.com/news/risk-gauges-flash-red-vix-stocks-bonds-usd-and-the-japanese-yen-20240805.html?utm_source=dlvr.it&utm_medium=blogger

Sharp Rise in US Unemployment Rate Amplifies September Rate Cut Odds

Disappointing job additions and a shock rise in unemployment in July have piled on the pressure for the Fed. Expectations of a 50-basis point cut in September gain traction


https://www.dailyfx.com/news/sharp-rise-in-the-unemployment-rate-amplifies-september-rate-cut-odds-20240802.html?utm_source=dlvr.it&utm_medium=blogger

Nasdaq 100, Dow and Dax all see Sharp Losses

Indices tumbled on Thursday, as poor tech earnings and the prospect of a widening Middle East conflict hit risk appetite


https://www.dailyfx.com/news/nasdaq-100-dow-and-dax-all-see-sharp-losses-20240802.html?utm_source=dlvr.it&utm_medium=blogger

Bank of England Narrowly Votes for 25-Bps Cut – GBP, Gilts Little Changed

The Bank of England cut rates but the decision was a fine one. Inflation is expected to remain above 2% as the committee focuses on potential second round effects on inflation


https://www.dailyfx.com/news/bank-of-england-narrowly-votes-for-25-bps-cut-gbp-gilts-little-changed-20240801.html?utm_source=dlvr.it&utm_medium=blogger

FTSE 100 and S&P 500 higher, but Nikkei 225 drops back

While the FTSE 100 and S&P 500 have powered higher, the Nikkei 225 has given back its gains from the aftermath of the Bank of Japan decision.


https://www.dailyfx.com/news/ftse-100-and-s-p-500-higher-but-nikkei-225-drops-back-20240801.html?utm_source=dlvr.it&utm_medium=blogger