June 2024

EUR/USD wraps up trading week at familiar technical levels near 1.0700. German data broadly missed the mark early Friday. US PCE inflation met expectations, but good mood was brief. EUR/USD pivoted into a sideways grind on Friday, wrapping up a flat trading week after Fiber traders found little reason to push the pair meaningfully in…

Mexican Peso rebounds to 18.24 vs. US Dollar following Banxico’s decision to maintain 11.00% rate. Decision aligned with recent inflation data, targeting 3% inflation by Q4 2025. Inflation risks heightened by service sector, cost pressures, Peso fall and geopolitical tensions. The Mexican Peso recovered ground against the US Dollar and rallied more than 1% on…

Canadian Dollar bolstered by rising market sentiment. Canada posted a 0.3% uptick in GDP, propping up CAD. US PCE inflation also ticked lower, further bolstering rate cut hopes. The Canadian Dollar (CAD) found some room on the high side on Friday, pushing up by a scant tenth of a percent against the US Dollar amid…

Dow Jones continues to churn near 39,000.00 as markets await signs of rate cuts. US PCE Price Index inflation came in as-expected, easing slightly. Despite easing key inflation indicators, figures still remain too high for Fed. The Dow Jones Industrial Average (DJIA) briefly rallied to 39,440.00 early Friday after US Personal Consumption Expenditure Price Index…

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Preliminary inflation figures for the Eurozone will also warrant investor attention on Tuesday. An unexpected pickup in inflationary pressures could sink investor expectations of a Q3 2024 ECB rate cut. On Wednesday, finalized Euro area Services PMIs will need consideration. Revisions may garner the attention of the ECB. The services sector accounts for over 60%…

Published: Jun 29, 2024, 14:05 GMT+00:00 Key Points: Ethereum has rebounded 5% to reclaim $3,400 on June 29 after sinking to a 35-day low of $3,240 on Monday. Bloomberg analysts speculate the Ethereum ETFs could launch in the USA on July 2, 2024 In this article: Ethereum Price Analysis Ahead of ETH ETF Launch As…

The first half of 2024 is in the books. During that time, the Dow Jones Industrial Average surpassed the 40,000 mark for the first time, while the S&P 500 and the Nasdaq reached new all-time highs. The past six months also tested the patience of investors who were hoping for the Federal Reserve to cut…