MARKET NEWS
Feb 29, 2024
Gold Prices Rise As PCE Data Show Inflation Decelerating As Hoped
Gold prices had been hovering around opening levels until a mixed bag of US data sent them higher. The big news was that annualized inflation had relaxed a bit
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Feb 29, 2024
US Dollar Slips after Core PCE meets Expectations, USD still needs a Driver
The latest US inflation data came in line with market expectations, disappointing a market that has been looking for a driver.
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Feb 29, 2024
Dow and Nasdaq 100 Ease Back While Hang Seng Bounce Hits a Wall
US indices continue to tiptoe lower after last week’s highs, while the Hang Seng’s bounce from the January lows is coming under pressure.
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Feb 29, 2024
EUR/USD Rests Upon Long-Term Trend Filter Ahead of Key Inflation Data
EU jobs and inflation data in focus today alongside US PCE figures. EUR/USD sits on a key level as traders adopt a ‘wait and see’ approach to FX moves
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Feb 29, 2024
Japanese Yen Grabs a Bid, Emboldened by Bank of Japan Talk
USD/JPY slips back below 150 after one Bank of Japan board member suggested that the central bank’s inflation target is finally in sight
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Feb 28, 2024
Markets on Edge Before US PCE Data; Outlook – Gold, EUR/USD, USD/JPY, GBP/USD
This article provides an in-depth analysis of the outlook for EUR/USD, USD/JPY, GBP/USD and gold prices, exploring various potential scenarios that may manifest over the coming days and weeks.
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Feb 28, 2024
Euro Outlook: Signs of Fatigue Appear Ahead of Next Week's ECB Meeting
The euro has shown signs of fatigue ahead of next week’s ECB meeting as institutional shorts pick up, attempting to narrow the gap
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Feb 28, 2024
US Dollar Trims Early Gains After US Q4 GDP Report, Gold Nudges Higher
The US economy expanded by 3.2% according to the second estimate of US GDP released today, slightly below the initial estimate. In the third quarter the US economy expanded by 4.9%.
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Feb 28, 2024
Japanese Yen Slips, Market Seems Warier of Intervention Chances
The Japanese authorities appear more wary of involvement in FX markets than they once were, but entrenched Yen weakness may see it back in play.
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Feb 28, 2024
FTSE 100 and S&P 500 Consolidate while DAX 40 Trades in New Record Highs
Outlook on FTSE 100, DAX 40 and S&P 500 ahead of the second estimate of the US Q4 GDP growth and PCE inflation prints.
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