Today's Analysis

26

Jul 2024
Canadian dollar dips in anticipation of key economic data releases 

CAD weakens against USD as the markets await the May manufacturing and wholesale sales data of Canada. Read more for forecasts and the market implications.

26

Jul 2024
Yen poised for best weekly gain in three months as carry trades unravel

The yen (USDJPY) dominated currency markets this month, climbing to a near three-month high of 151.945 per dollar on Thursday. This is a major shift from its 38-year low of 161.96 per dollar at the start of the month. By …

26

Jul 2024
US GDP growth boosts crude oil demand despite Asian challenges

Brent crude futures for September increased by 7 cents, reaching $82.44 per barrel as of 0014 GMT. Similarly, US West Texas Intermediate (WTI) crude for September rose by 4 cents, hitting $78.32 per barrel.

25

Jul 2024
US dollar gains momentum as euro dips below its weekly peak 

Key points:  The euro slipped further below its weekly peak, driven by technical trading.  The US dollar continues to gain strength, supported by strong economic data.  Upcoming US GDP and PCE data are expected to influence market movements.  The EURUSD …

25

Jul 2024
Tesla stock drops as Q2 profits halve 

Tesla stock falls following Q2 earnings miss. CEO Elon Musk forecasts a $5 trillion valuation with robotaxis. Read more for market implication.

25

Jul 2024
Gold falls as investors wait for U.S. economic data

Gold prices fell nearly 1% on Thursday as investors took profits ahead of key U.S. economic data. Spot gold dropped 0.9% to $2,377.29 per ounce by 0217 GMT, while U.S. gold futures declined 1.6% to $2,376.70.

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