Upward Revision to Q2 GDP Aids the US Dollar’s Feeble Recovery
DailyFX
by Richard Snow
5M ago
The second estimate of US GDP growth in Q2 saw an upward revision from 2.8% to 3%. However, US resilience has come under pressure, particularly in the labour market of late ..read more
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Gold (XAU/USD) and Silver (XAG/USD) Drift as US Dollar Pares Recent Losses
DailyFX
by Nick Cawley
5M ago
Gold and silver have come off their recent highs as the US dollar nudges higher ahead of the US open. Nvidia results after the US market closes will be key for risk sentiment ..read more
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Libya Outages and Middle East Tensions Spark Supply Concerns. WTI Nears key $77.40 Resistance
DailyFX
by Richard Snow
5M ago
WTI crude nears pivotal $77.40 level and Brent crude shies away from confluence resistance. External factors continue to influence recent moves as Middle East threat eases ..read more
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Japanese CPI and Ueda’s Comments Prop up the Yen Ahead of Powell’s Address
DailyFX
by Richard Snow
6M ago
Japanese inflation provided a slight surprise to the upside, helping the yen gain some ground on the dollar. Markets, however, look to Jerome Powell’s speech later today ..read more
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EUR/USD Underpinned by Better-Than-Expected Euro Area PMIs, Weak US Dollar
DailyFX
by Nick Cawley
6M ago
Today’s forecast beating Euro Area flash PMIs is underpinning the recent EUR/USD rally as Friday’s speech by Fed chair Jerome Powell nears ..read more
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Strong Yen Weighed on Japan’s Trade Balance in July, Fed Speakers up Next
DailyFX
by Richard Snow
6M ago
The significant strengthening of the yen added to Japan’s trading deficit in July but economists and the market as a whole still expect another rate hike in December ..read more
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​​​Nvidia's Q2 Earnings Preview: The Fight to Stay on Top​​​
DailyFX
by Axel Rudolph
6M ago
​​​What to look out for regarding Nvidia's Q2 earnings result on 28 August 2024 ..read more
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Gold (XAU/USD) – Repeated Attempts at a Fresh All-Time High, US Retail Sales Weigh
DailyFX
by Nick Cawley
6M ago
Gold continues to test, and reject, its previous all-time high at $2,485/oz. and a break higher is being pared by a strong US retail sales report ..read more
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UK Growth Continues to Show Signs of Recovery Despite Stagnant June Print
DailyFX
by Richard Snow
6M ago
UK growth has been trending in the right direction even before the Bank of England voted to lower rates earlier this month. GBP/USD partially recovers from the July selloff ..read more
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US CPI Steadies Around Estimates – USD and Treasuries Rise
DailyFX
by Richard Snow
6M ago
The disinflationary process continues to make minor gains in the US as inflation data for July printed as expected for most measures. Dollar and treasuries rose, SPX futures oscillated ..read more
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