Market Recap | 18-July-2024
In the commodities market, gold price rose slightly to around $2,470 per troy ounce on Thursday, remaining near record highs. This is attributed to growing optimism that the Federal Reserve will cut interest rates in September, making gold more attractive to investors. Fed Governor Christopher Waller mentioned the central bank is ‘getting closer’ to a rate cut, and Richmond Fed President Thomas Barkin noted easing inflation.
In the currency market, the EUR/USD pair weakened to approximately 1.0935 on Thursday, ending a two-day winning streak. The dollar strengthened as traders became cautious ahead of the European Central Bank’s monetary policy meeting.
In the US, the weekly Initial Jobless Claims and Philly Fed Manufacturing Index will be released later today.
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
https://youtu.be/xuDjbV9SfRg Asian markets opened on a positive note on Thursday morning, with the Nikkei 225…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
https://www.youtube.com/watch?v=7HhdRjcGrIo USD/CAD continues to decline for the third consecutive session, trading near 1.4360 as rising…
MetaTrader 4, commonly abbreviated as MT4, is one of the most popular and widely used…
https://youtu.be/nC7s5cO7Xl8 Gold prices (XAU/USD) have recovered modestly from a one-month low near $2,583-$2,584 touched during…
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