Market Recap for 9-May-2024
Oil prices were higher on Thursday, having bounced off two-month lows in the previous session.
Bank of Japan (BOJ) appears to be hinting at the next rate hike, potentially in June or July, with final wage negotiations results on the horizon.
Market focus will soon swing to the April U.S. producer price index (PPI) and the consumer price index (CPI) out next week, which traders will watch for signs that inflation has resumed its downward trend toward the Fed’s 2% target rate.
The Bank of England (BOE) is likely to take another step towards its first interest rate cut in four years as inflation falls.
After the fluctuation we saw at the beginning of April, U.S. Equities rebounded this week,…
Gold remains supported and the US dollar under pressure as Asian exporters - particularly South…
The gold price has been grinding lower in the latest trading sessions, breaking the 30-SMA,…
Gold falls below $3,300 following a strong rally beyond $3,500 Gold prices fell sharply last…
U.S. Stock Markets drop in early trading. Investors brace for earnings data Stock futures fell…
U.S. Stocks rise for the third consecutive day Nasdaq broke two crucial resistance levels in…
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