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 …
Key points: Asian shares followed Wall Street futures lower, with Nvidia’s stock dropping 7.6% after earnings missed bullish expectations. Investors are closely watching U.S. jobless claims and inflation data for potential shifts in Fed policy. Asian shares declined on Thursday, …
Key points: AUDUSD holds near $0.6793, with support at $0.6759 and a target at $0.6871. NZDUSD rises to $0.6286, eyeing the next target at $0.6370, supported by a +23 point surge in business confidence. The Australian and New Zealand dollars …
The S&P 500 retraced ahead of the Nvidia earnings report, with investors keen on assessing the strength of the AI-driven tech rally. Corporate news also influenced market sentiment as Nordstrom and Ambarella surged on earnings beats, while PVH and Paramount …
Market participants, and the price action for crude oil, are caught between potential supply disruptions from geopolitical tensions in Libya and the Middle East and concerns over weakening global fuel demand. -vtmarkets.com
