Today's Analysis

2

Sep 2024
Dow Jones hits new record while tech stocks weigh on Nasdaq

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 …

2

Sep 2024
Oil prices slide further on weak Chinese data and potential OPEC+ output increase

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

2

Sep 2024
Dollar hits two-week high against euro ahead of US jobs data

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, …

2

Sep 2024
Gold steady after data suggests smaller Fed rate cut

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 …

30

Aug 2024
Gold poised for monthly gain as market focuses on U.S. data

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 …

30

Aug 2024
Copper prices edge higher on Fed rate cut hopes

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

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