Top daily news
Stock markets are rising currently after mixed Wall Street session Wednesday as Fed chair Powell said US economy was “some ways away” from substantial progress on jobs deemed necessary for start of tapering of asset purchase. Facebook shares rose 1.49% outperforming market while the company announced it will require US workers returning to its offices to be vaccinated - as did Google, Tesla shares added 0.34% amid news it hiked electric car prices in US.
Forex news
Currency Pair | Change |
EUR USD | +0.44% |
GBP USD | +0.29% |
USD JPY | -0.12% |
AUD USD | +0.32% |
The Dollar weakening is intact currently ahead of the US Labor Department report at 14:30 CET expected to show 382 thousand Americans sought unemployment benefits over the last week, down from 419 thousand the previous week. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, lost 0.2% Wednesday.
Both EUR/USD and GBP/USD continued their climbing on Wednesday while GfK reported no change in German consumer sentiment for July. Both pairs are higher currently. Both AUD/USD and USD/JPY reversed their sliding on Wednesday with both the Australian dollar and yen higher against the Greenback currently.
Stock market news
Indices | Change |
Dow Jones Index | +0.46% |
Nikkei Index | +2.9% |
Hang Seng Index | +0.34% |
The US stock index futures are up currently ahead of US GDP advance report due at 14:30 CET today with the 10-year US Treasuries yields down at 1.234%. The three main US stock indexes booked returns Wednesday ranging from -0.36% to +0.7%.
European stock indexes are up currently after ending higher Wednesday with technology shares leading gains. Asian stock indexes are rising today with Hong Kong’s Hang Seng Index leading gains amid reports Chinese regulators had called banks overnight to ease market fears about tighter rules on the education sector.
Commodity market news
Commodities | Change |
WTI Crude | +0.7% |
Brent Crude Oil | +0.9% |
Brent is extending gains currently. Prices ended higher Wednesday supported by the Energy Information Administration report US crude stockpile fell by 4.1 million barrels last week due to lower imports and a decline in weekly production. The US oil benchmark West Texas Intermediate (WTI) futures rose 1% and is higher currently. September Brent crude added 0.4% to $74.74 a barrel on Wednesday.
Gold market news
Metals | Change |
Silver | +0.65% |
Gold prices are rebounding today. August gold lost 0.01% to $1799.70 an ounce on Wednesday.
Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.
This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.
Recommended Content
Editors’ Picks
EUR/USD falls back toward 1.1150 as US Dollar rebounds
EUR/USD is falling back toward 1.1150 in European trading on Friday, reversing early gains. Risk sentiment sours and lifts the haven demand for the US Dollar, fuelling a pullback in the pair. The focus now remains on the Fedspeak for fresh directives.
GBP/USD struggles near 1.3300 amid renewed US Dollar demand
GBP/USD is paring back gains to trade near 1.3300 in the European session. The data from the UK showed that Retail Sales rose at a stronger pace than expected in August, briefly supporting Pound Sterling but the US Dollar comeback checks the pair's upside. Fedspeak eyed.
Gold hits new highs on expectations of global cuts to interest rates
Gold (XAU/USD) breaks to a new record high near $2,610 on Friday on heightened expectations that global central banks will follow the Federal Reserve (Fed) in easing policy and slashing interest rates.
Pepe price forecast: Eyes for 30% rally
Pepe’s price broke and closed above the descending trendline on Thursday, eyeing for a rally. On-chain data hints at a bullish move as PEPE’s dormant wallets are active, and the long-to-short ratio is above one.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.