Nasdaq and S&P 500 soar to fresh records on optimism sparked by a cooling labor market. Upcoming CPI data and Powell’s speech could influence future rate cuts.
Key points: Federal Reserve Chair Jerome Powell’s cautious tone influences the dollar’s rebound. New Zealand dollar weakens as central bank expresses confidence in inflation control, hinting at policy easing. Dollar firms on Powell’s caution See: Dollar index trading at 104.768 …
Wheat and soybean prices steadied after sharp declines as better-than-expected crop conditions are reported. Read more for the forecast and trading opportunities.
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 …
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.
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.
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.
The Australian dollar (AUD) is nearing a six-month high due to yield differentials and prospects of a Federal Reserve rate cut. The New Zealand dollar (NZD) faces an important central bank policy meeting.
Stock price of Tesla rebounds by 75%, driven by strong Q2 delivery figures. Elon Musk reclaims the top spot among the rich in the world, with a net worth of $252 billion.
The foreign exchange reserves of Indonesia surged, driven by robust tax revenues and foreign loan withdrawals. Learn how this helps the economic stability in Indonesia.
