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Sterling Rally Looks Shaky Amid Excess Speculative Bets
2024-08-30
Sterling remained at a 2-year high Friday, with analysts warning that speculative rate bets driving the rise could quickly reverse.
Oil in the Doldrums Despite Libya's Lower Output
2024-08-29
Oil prices stayed steady Thursday as a smaller US crude draw and worries over China demand balanced out Libyan supply disruptions.
Dow Smashes All-time High Before Nvidia Report
2024-08-28
The S&P 500 rose on Tuesday, while the Dow Jones hit a record high. Both await Nvidia's quarterly report and upcoming economic data later this week.
Yen Slips Amid Hopes for Continued Rally
2024-08-27
On Tuesday, the yen fell from a three-week high as carry trades unwound aggressively. Strategists warn the unwinding might not be over yet.
Bullion Meanders After Powell's Dovish Remarks
2024-08-26
Gold hovered near last week's peak, driven by fund inflows and rate-cut hopes after Powell's dovish Jackson Hole speech.
Australian Stocks Could Cool Soon
2024-08-23
The ASX 200 rose 5.8% this year, underperforming major markets as China’s weak demand for raw materials impacts a key revenue source for Australia.
Falling Inventories Offer Oil Market a Reprieve
2024-08-23
Oil prices remained steady but are expected to drop this week due to weaker US employment data and reduced supply concerns from Gaza ceasefire talks.
US Equities Pause Amid Rotation Trend
2024-08-22
US shares stalled Wednesday after a rebound neared record highs. They've been volatile this month after a surprisingly weak NFP report.
Japan Stocks Head South but Optimism Remains
2024-08-21
Japan's market fell below 38,000 as risk sentiment ebbed. Foreign investors sold futures but bought cash equities, showing sustained confidence.
Norwegian Krone's Freefall Assails Government
2024-08-20
The Norwegian krone, one of the worst-performing top 10 currencies this year, hit record lows against the US dollar and euro on Tuesday.
Bullion Within a Whisker of a Fresh All-Time High
2024-08-19
Gold retreated from its $2,500 high on Monday but remained strong, bolstered by hopes of a Fed rate cut at the next meeting.
Euro Near Yearly High as Dollar Weakens
2024-08-16
The euro held steady on Friday, near its highest this year. The Fed is expected to ease aggressively, possibly with a half-point cut in September.
Oil Prices Rise but Demand Concerns Linger
2024-08-15
Oil prices rose on Thursday, recovering some losses amid hopes for Fed rate cuts, though concerns over slow global demand capped gains.
US CPI Jul - Inflation Slows to 3%
2024-08-14
After three years of rising prices, Americans got good news as the June CPI eased to 3% thanks to falling gas and car prices.
Wall St Touches Near Two-Week High
2024-08-14
US indexes closed higher Tuesday, hitting a near two-week high after softer producer price data boosted expectations of a Fed rate cut in September.
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