Gold Falls As Better-Than-Expected June Jobs Report Lifts September Fed Rate Cut Odds
Gold futures tumbled on Thursday as a stronger-than-expected June jobs report raised the odds of a September interest rate cut by the Federal Reserve. The…
Posts Tagged: PMI
US Dollar Strengthens, Treasury Yields Slide Amid Stock Market Selloff
The US dollar strengthened while US Treasury yields fell as the financial markets crashed to end the trading week. Investors have turned fearful of the…
US Dollar Index (DXY) Swells After Market Plunges on Abysmal Economic Data
The US Dollar Index (DXY), a gauge of the greenback against a basket of currencies, strengthened on Tuesday as investors sought shelter following disappointing economic…
Oil Prices Crash to Lowest Level in 2024 on Growing Supply, Falling Demand Fears
Crude oil prices cratered to start the holiday-shortened trading week, erasing their 2024 gains on the prospect of higher supplies and waning demand. Oil prices…
Loonie Little Changed After Canadian Economy Loses Jobs for Second Straight Month
The Canadian dollar was little changed against multiple currencies to finish the trading week. The loonie was under focus after a second straight weak jobs…
Gold Crashes After US Q2 GDP Tops Forecasts
Gold futures cratered toward the end of the trading week as traders combed through the latest gross domestic product (GDP) report. The yellow metal is…
EUR/GBP Bearish Trend Correction Levels
EURGBP has formed lower highs connected by a falling trend line that’s been holding since last month. Price looks ready for another test of this…
US Dollar Pares Gains After Abysmal Retail Sales Fuels Rate Cut Expectations
The US dollar erased its overnight gains and struggled to stay in positive territory on Tuesday after weaker-than-expected retail sales data. The greenback slumped on…