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    Market Analysis

    5 July 2024
    Dollar drops for 3 weeks; Pound steady after UK election

    The U.S. dollar hovered near three-week lows on Friday, anticipating the release of payrolls data that could influence the outlook for interest rates. Meanwhile, the pound remained firm as the Labour party seemed poised to secure a significant majority in …

    5 July 2024
    Canadian dollar rises to one-month peak before domestic jobs report

    The loonie strengthened to a one-month high against its U.S. counterpart on Thursday. This rise occurred as the greenback posted broad-based declines ahead of domestic jobs data, which could influence expectations for further interest-rate cuts by the Bank of Canada.

    4 July 2024
    Brazilian real rebounds with weakness hitting the US dollar 

    The Brazilian real strengthens as expectations of a dovish Fed policy rise. Learn about the market implications and key factors influencing the performance of BRL.

    4 July 2024
    New Zealand dollar rises on Fed rate cut speculation 

    The New Zealand dollar (NZD) appreciated to $0.611 against the US dollar (USD) as soft labor market data and weaker-than-expected services activity in the US fueled speculation about potential Federal Reserve rate cuts later in the year.

    4 July 2024
    Asian stocks reach 27-month high, dollar falls on rate cut speculation

    Key points Nikkei firms toward March top, S&P 500 futures steady. Markets, sterling calm as the UK heads to polls. Odds narrow on a September Fed cut after soft data. Asia stocks soared to a 27-month high on Thursday, driven …

    4 July 2024
    Dollar weakens after soft data, Yen still struggling

    The dollar faced pressure on Thursday following U.S. economic data that indicated slowing growth. Despite this, the yen remained weak, pinned near a 38-year low, prompting concerns about possible government intervention.

    3 July 2024
    Nasdaq composite hits record high with AI optimism and strong earnings prospects 

    Nasdaq composite reaches a record high driven by AI advancements. Markets focus on insights from the upcoming earnings season.

    3 July 2024
    USDSGD trading within a range; anticipates economic data release 

    The USDSGD currency pair is bound in a range on expectations of the US ISM services PMI and the non-farm payrolls report, scheduled for later today and Friday respectively.

    3 July 2024
    Japan’s Nikkei climbs as tech stocks follow US growth shares

    Japan’s Nikkei share average rose by 0.81% on Wednesday to reach 40,398.35 as of 0142 GMT, continuing the momentum from its 0.38% higher opening.

    3 July 2024
    Gold rises as dollar weakens; attention turns to U.S. Fed minutes

    Gold prices saw a modest rise on Wednesday, gaining 0.1% to $2,331.41 per ounce by 0026 GMT, while U.S. gold futures rose 0.3% to $2,340.50. This increase comes as the U.S. dollar weakened, making gold more affordable for holders of …