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    DAILY MARKET ANALYSIS

    Stay on top of your trading with analyses of the latest market news.

    9 July 2024
    Rupee will rely on Powell’s testimony to end deadlock

    Key points The rupee’s non-deliverable forwards indicate an opening range of 83.48-83.50 per U.S. dollar. Investors anticipate Powell’s comments for clues on potential rate cuts. The Indian rupee is poised to open largely unchanged on Tuesday as traders eagerly await …

    9 July 2024
    Gold edges higher as focus turns to Fed Powell’s testimony

    Gold prices experienced a slight uptick on Tuesday, reflecting cautious optimism among investors as they await critical economic updates. Spot gold rose by 0.2%, reaching $2,364.03 per ounce.

    9 July 2024
    US dollar declines as job growth slows 

    The US dollar weakens in the face of softer job growth and expectations of potential rate cuts. Upcoming testimony by Jerome Powell may provide deeper insights.

    8 July 2024
    Japan’s Nikkei edges higher with profit-taking and market adjustments

    The Nikkei share average saw modest gains on Monday, tempered by profit-taking following last week’s record highs. Market sentiment remains cautious with key economic data on the horizon.

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