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Daily Market Pulse

Daily Market Pulse 26 Jul 2024 3 minute read
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US Growth Resilient, But Inflation Concerns Linger

An above-forecast first reading of Q2 US GDP and strong consumer spending data yesterday calmed equity markets, while the Q2 core PCE price index rose 2.9% compared to expectations of 2.7%.

Daily Market Pulse 25 Jul 2024 2 minute read
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Global Markets Roiled as Yen Soars, Risk Appetite Fades

The JPY rebound has extended further today and is proving to be a wrecking ball for leveraged trades across a range of markets.

Daily Market Pulse 24 Jul 2024 2 minute read
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Dollar Strengthens as Global Economy Weakens

The USD rose 0.2% yesterday, reaching nearly two-week highs amid hedging flows ahead of U.S. tech earnings.

Daily Market Pulse 23 Jul 2024 3 minute read
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Quiet to Start the Week

The week started on a bullish note in Europe and the US, as Joe Biden’s decision to leave the presidential race did not impact market sentiment.

Daily Market Pulse 17 Jul 2024 3 minute read
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USD Faces Broad Selling Pressure as Market Awaits Fed and ECB Rate Decisions

The USD pared gains after a boost from above-forecast June retail sales data yesterday, closing the day marginally lower.

Daily Market Pulse 16 Jul 2024 2 minute read
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US Dollar Strengthens Amid Powell's Comments, Trump Announcement, and Robust Retail Sales

The US Dollar edged higher today due to several overnight events. First and foremost for financial markets was the interview with US Fed Chairman Jerome Powell, which disappointed traders hoping for guidance.

Daily Market Pulse 12 Jul 2024 2 minute read
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US CPI Data Surprises, USD Weakens as Market Awaits Key Rate Decisions

Yesterday’s US CPI data came in below forecast, with the headline reading receding by 0.1% in June, contrary to expectations of a 0.1% gain.

Daily Market Pulse 09 Jul 2024 3 minute read
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Powell Speaks Today

Jerome Powell, Chairman of the US Federal Reserve, will deliver the Semi-Annual Monetary Policy Report and testify before the Senate Banking Committee today.

Daily Market Pulse 05 Jul 2024 3 minute read
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USD Weakens for Third Straight Day; Euro and Pound Strengthen

A quiet day in the currency markets yesterday saw the USD fall 0.25%, marking its third consecutive daily loss, continuing to grind lower overnight ahead of today’s nonfarm payrolls (NFP) data.