Key Points: The Dow Jones Industrial Average closed at a new record high, its 25th of the year, as investors shifted focus to traditional “real-economy” stocks. Disappointing earnings from Nvidia and broader tech weakness caused the Nasdaq Composite to close …
Oil prices continued their decline as weak economic data from China and the prospect of increased OPEC+ production in October raised concerns over future demand and supply dynamics -vtmarkets.com
The dollar extended its gains on Monday, reaching a two-week high against the euro as traders scaled back their expectations for aggressive policy easing by the Federal Reserve. With a key U.S. jobs report scheduled for release later this week, …
Gold prices held steady on Monday after a 1% decline in the previous session, as recent U.S. inflation data pointed to a smaller-than-expected interest rate cut by the Federal Reserve this month. The precious metal, often seen as a hedge …
Gold prices (Symbol: XAUUSD) are showing resilience, poised to log their second consecutive monthly gain as market sentiment remains buoyant on the back of potential U.S. interest rate cuts. Spot gold was trading slightly lower at $2,517.91 per ounce, but …
Copper prices (Symbol: Copper-C) climbed to $4.21 per pound, marking a crucial recovery and positioning the orange metal for its first monthly gain since May 2024, with a modest 0.5% increase so far in August 2024. -vtmarkets.com
The Australian and New Zealand dollars are on track to finish the month with strong gains, buoyed by breaks through key chart barriers and a waning U.S. dollar. The Australian dollar (AUD) stood at $0.6797 after reaching an eight-month high …
The U.S. dollar is on track to snap a five-week losing streak, trading near a one-week high against major peers on Friday. This rebound comes as robust U.S. economic data has led traders to pare back their bets on aggressive …
Key Points: GBPUSD eased but remains near its 2024 high. The divergence in expected rate cuts between the Fed and BoE supports the strength of the British pound. Traders are eyeing U.S. inflation and payrolls data for clues on Fed …
Key Points: The Chinese yuan firmed against the U.S. dollar, reversing its three-day decline. Markets are closely watching U.S. inflation figures and China PMI for insights into economic trends. The Chinese yuan (Symbol: USDCNH) recovered from three consecutive sessions of …
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