US Elections 2024 Market Outlook: Potential Impact on Stocks, Commodities, Cryptocurrencies, and…
Key Takeaways
The 2024 US Presidential Election is poised to significantly impact various markets, including stocks, commodities, cryptocurrencies, and the US dollar.
A Trump victory could boost US stocks and…
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Crude prices extend gains on escalation of the Middle East crisis
Oil price extends strong rise into second consecutive day, advancing 1.6% during European session on Wednesday, following 3.45% advance on Tuesday (the biggest daily gain since Aug 12).
Growing fears that further escalation of the war in…
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Increased safe-haven demand lifts dollar
The dollar remains firm versus the basket of major currencies early Wednesday, boosted by safe-haven demand following the latest escalation in the Middle East.
Two day bounce from strong 100 support zone, hit two-week high and pressuring…
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EURUSD deflated by risk aversion on weak CPI numbers, ECB rate cut expectations
EURUSD ticked higher from three-week low (1.1056) in the US session on Tuesday but remains firmly in red after being deflated by risk aversion on deteriorating geopolitical situation and EU September CPI below target, fueling expectations…
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Eurozone inflation falls below 2% target in September, adding to expectations of another rate cut…
Inflation in the Eurozone fell to 1.8% in September from 2.2% in August, and beat expectations for 1.9% rise, driven by lower energy costs and unchanged goods prices.
Inflation dipped below 2% target for the first time in three years,…
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Japanese yen rises 1.3% vs dollar on political news / economic data
USDJPY rose to three-week high (146.49) and subsequently fell over three full figures on Friday, on speculations about new prime minister’s support to BOJ’s further policy tightening, which was seen as a violation of central bank’s…
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GOLD- limited pullback from new record high to precede final attack at $2700 target
Gold price eased on Friday after the metal hit new record high on Thursday, with end-of-week partial profit taking being behind the move.
Pullback was so far shallow and the price unlikely to make a stronger dip, but rather consolidation…
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Swiss National Bank cuts interest rates by 0.25% in line with expectations and signals further…
The Swiss National Bank cut interest rates by 25 basis points to 1%, the lowest in more than 1 ½ year, on its monetary policy meeting on Thursday.
The decision was in line with expectations and reflected new trend in easing policy after…
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Dollar index remains firm ahead of US economic data and speeches from top Fed officials
The dollar index keeps firm tone early Thursday following 0.7% bounce previous day, on another failure to sustain break below psychological 100 support.
The greenback was lifted by headwinds from 100 zone and improving sentiment, as…
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GOLD – bulls take a breather, dips likely to be shallow and find ground above key 2600 support
Gold edged lower from new record high ($2670) early Wednesday, taking a breather after advancing 1.10% on Tuesday, lifted by weaker dollar on expectations that the Fed may continue with stronger rate cuts.
People’s Bank of China decision…
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