{"id":14208,"date":"2024-09-04T09:59:46","date_gmt":"2024-09-04T09:59:46","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=14208"},"modified":"2025-02-16T10:55:28","modified_gmt":"2025-02-16T10:55:28","slug":"forex-market-analysis-4-september-2024","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/forex-market-analysis-4-september-2024\/","title":{"rendered":"Forex market analysis: 4 September 2024"},"content":{"rendered":"\n<p>As we move further into the first week of September, markets were in a state of flux on Wednesday, 4 September 2024.<\/p>\n\n\n\n<p>Investors weighed mixed economic signals and corporate updates while adjusting their expectations for the rest of the month. Today\u2019s trading session was marked by a blend of caution and strategic repositioning.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>KEY INDICATORS<\/strong><\/h1>\n\n\n\n<p><strong>Energy sector gains on rising oil prices<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The energy sector continued to perform strongly as crude oil prices surged further. Supply concerns, particularly with OPEC+ maintaining production cuts, pushed prices higher, benefiting energy stocks.<\/li>\n\n\n\n<li>This trend is bolstering the sector but also raising questions about the impact of rising energy costs on inflation and consumer spending.<\/li>\n<\/ul>\n\n\n\n<p><strong>European markets reflect caution<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>European markets mirrored the cautious sentiment seen in the US, with stocks generally flat or slightly lower. Persistent inflation concerns and mixed economic data from the Eurozone kept investors on edge.<\/li>\n\n\n\n<li>The focus remains on how European Central Bank policy will evolve in response to these economic challenges.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"652\" height=\"103\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/09\/20240904-122127.jpg\" alt=\"\" class=\"wp-image-14209\" srcset=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/20240904-122127.jpg 652w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/20240904-122127-300x47.jpg 300w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/20240904-122127-500x79.jpg 500w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/20240904-122127-400x63.jpg 400w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/20240904-122127-350x55.jpg 350w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/20240904-122127-200x32.jpg 200w\" sizes=\"auto, (max-width: 652px) 100vw, 652px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>MARKET MOVERS<\/strong><\/h1>\n\n\n\n<p><strong>USD\/CAD<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"588\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_1-1024x588.png\" alt=\"\" class=\"wp-image-14210\" srcset=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_1-1024x588.png 1024w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_1-300x172.png 300w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_1-768x441.png 768w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_1-500x287.png 500w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_1-400x230.png 400w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_1-350x201.png 350w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_1-200x115.png 200w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_1.png 1032w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>USD\/JPY<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"590\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_2-1024x590.png\" alt=\"\" class=\"wp-image-14211\" srcset=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_2-1024x590.png 1024w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_2-300x173.png 300w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_2-768x442.png 768w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_2-500x288.png 500w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_2-400x230.png 400w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_2-350x202.png 350w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_2-200x115.png 200w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_2.png 1195w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Crude OIL (WTI)<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"584\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_3-1024x584.png\" alt=\"\" class=\"wp-image-14212\" srcset=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_3-1024x584.png 1024w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_3-300x171.png 300w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_3-768x438.png 768w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_3-500x285.png 500w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_3-400x228.png 400w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_3-350x200.png 350w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_3-200x114.png 200w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240904_3.png 1197w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>TODAY\u2019S NEWS HEADLINES<\/strong><\/h1>\n\n\n\n<p><strong>Oil prices extend slump on likely restoration of Libyan production, OPEC+ plans to raise output<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Oil prices extended losses on the back of Libya\u2019s oil production coming back online and a persistent weak demand in China.<\/li>\n\n\n\n<li>Global benchmark Brent slipped 0.57% to USD 73.33 a barrel.<\/li>\n\n\n\n<li>US West Texas Intermediate futures fell 0.65% to trade at USD 69.88 per barrel.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Dow closes 600 points lower to begin September, S&amp;P 500 drops 2%<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stocks tumbled Tuesday as technology names struggled and new economic data rekindled fears around the health of the economy.<\/li>\n\n\n\n<li>The Dow Jones Industrial Average fell 626.15 points, or 1.51%, to end at 40,936.93.<\/li>\n\n\n\n<li>The S&amp;P 500 slid 2.12%, closing at 5,528.93.<\/li>\n\n\n\n<li>The Nasdaq Composite dropped 3.26% and settled at 17,136.30.<\/li>\n\n\n\n<li>All three indexes notched their worst days since the global sell-off on 5 August.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Bank of America (BofA) sees gold prices hitting USD 3,000 in 2025<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Since late 2023, the BofA commodities team has maintained a bullish stance on gold, projecting that the price could reach USD 3,000 per ounce by 2025.<\/li>\n\n\n\n<li>With gold prices already up 21% year to date, the precious metal appears to be on track to meet this target.<\/li>\n\n\n\n<li>Spot gold was priced at USD 2,498.87 per ounce by 11:11 GMT, after hitting a more than one-week low in the previous session due to a stronger dollar.<\/li>\n\n\n\n<li>US gold futures edged up 0.1% to USD 2,530.70.<\/li>\n\n\n\n<li>Traders currently see a 31% probability of a 50 basis point rate cut at the Fed&#8217;s 17-18 September meeting, with a 69% chance of a quarter-point cut.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noopener\" title=\"here\">here<\/a> to open account and start trading.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we move further into the first week of September, markets were in a state of flux on Wednesday, 4 September 2024. Investors weighed mixed economic signals and corporate updates while adjusting their expectations for the rest of the month. Today\u2019s trading session was marked by a blend of caution and strategic repositioning. KEY INDICATORS <a href=\"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/forex-market-analysis-4-september-2024\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-14208","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=14208"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14208\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=14208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=14208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=14208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}