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The latest U.S. economic data shows inflation remaining stable in July 2024, while consumer spending increased, according to figures released today by the BEA.
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Financial markets waited eagerly for the U.S. preliminary GDP release for the most part of the day, and the numbers did not disappoint! Which other headlines pushed asset classes around?
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The second version of the U.S. GDP reading was upgraded to show a faster 3.0% expansion in Q2 2024 versus the initially reported 2.8% growth figure.
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GBP/USD’s strong bullish momentum has paused with a recent pullback below 1.3200. Will the uptrend now resume?
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A lack of data releases kept traders focused on risk sentiment and this week’s anticipated data releases. Check out which headlines made waves!
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Both headline and core CPIs dropped to multi-month lows in July, but the Australian dollar shot up across the board. What’s up with that?!
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Who’s ready for the first round of revisions on the U.S. Q2 2024 GDP? Better read up on what markets are expecting for the event and how the dollar could react.
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With not a lot of data on tap, traders turned to yesterday’s market themes and priced in their biases for reports scheduled later this week.
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The U.S. Dollar Index fell to new 2024 lows. See what else happened in the FX market today.
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Heads up, Aussie traders!
We’ve got the Land Down Under’s latest inflation report comin’ right up and potentially setting the tone for RBA policy expectations ahead.
Read MoreTo be a good trader, you have to have a high degree of self-awareness. You have to be able to see your flaws and strengths and deal effectively with both—leveraging your strengths and guarding against your weaknesses.Richard Bargh