Oil futures experienced a significant rebound on Monday, rising by $1 as traders reacted to the potential impact of a hurricane system approaching the U.S. Gulf Coast and recovered from a recent downturn triggered by disappointing U.S. jobs data. By early trading, West Texas Intermediate (WTI) crude futures had climbed …
Read More »Dollar Recovers as Yen Retreats; U.S. Inflation Data Looms Large
Dollar Gains Ground as Yen Retreats; Investors Await U.S. Inflation Data The dollar rebounded on Monday, recouping some of its recent losses, while the yen eased off its safe-haven highs. Investors, uncertain about the scale of an upcoming Federal Reserve rate cut, are now turning their attention to this week’s …
Read More »US Stock Futures Dip as Investors Brace for Crucial Labor Market Report
US stock futures traded slightly lower on Friday as investors awaited a key labor market report that could influence the Federal Reserve’s next decision on interest rates. By 06:21 ET (10:21 GMT), Dow futures had declined by 130 points (0.3%), S&P 500 futures were down by 34 points (0.6%), and …
Read More »Dollar Weakens Ahead of Key U.S. Payroll Data as Market Awaits Fed’s Next Move
The U.S. dollar hit a one-month low against the yen and a one-week low versus the euro on Friday, as traders exercised caution ahead of a key U.S. jobs report. Mixed signals from recent employment data have added uncertainty to the market, influencing expectations for the Federal Reserve’s next interest …
Read More »Oil Prices Inch Higher Amid Caution Ahead of Key U.S. Employment Data
Oil prices edged higher during Asian trading on Friday as investors remained cautious ahead of the release of key U.S. employment data. This comes amid weighing factors, including a significant withdrawal from U.S. crude inventories and a potential delay in production hikes by OPEC+ producers. By 0507 GMT, Brent crude …
Read More »U.S. Dollar Falls as Economic Concerns Fuel Expectations of Fed Rate Cut
The U.S. dollar dropped to a one-month low against the yen and faced pressure from other major currencies on Thursday as concerns about the U.S. economic outlook fueled expectations of a substantial interest rate cut from the Federal Reserve in the coming week. The yen reached a one-month high earlier, …
Read More »European Shares Dip Amid Caution Ahead of U.S. Labor Data
European stocks continued their downward trend for the fourth consecutive session on Thursday, as investors remained cautious, awaiting key economic data from the eurozone and tracking U.S. labor market figures to assess the Federal Reserve’s future interest rate decisions. As of 0715 GMT, the pan-European STOXX 600 index dipped by …
Read More »Dow Jones faces negative pressure 5/9/2024
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Read More »USD/JPY breaks support 5/9/2024
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Read More »GBP attacks resistance 5/9/2024
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