Daily Broad Market Recap – August 26, 2024
The week on a chill note ahead of this week’s catalysts. Crude oil was an exception though. The Black Crack shot up and barely looked back!
Read MoreThe week on a chill note ahead of this week’s catalysts. Crude oil was an exception though. The Black Crack shot up and barely looked back!
Read MoreThe S&P 500 took a breather on Monday, dipping slightly—will this be a brief pause, or is a deeper correction coming?
Read MoreThe market spotlight is on inflation updates from major economies this week, with the U.S. core PCE price index potentially being the star of the show.
Read MoreMarket players were mainly zoned in on the FOMC minutes & Powell’s testimony at the Jackson Hole Symposium, but gold & oil were also responding to their own catalysts.
Read MoreSeptember rate hike odds were the talk of the forex town, creating a sour week for the Greenback, but there were other stories in FX to mix up the price action this week.
Read MoreProfit-taking was the name of the game on Thursday as the major assets reversed their intraweek trends ahead of Powell’s keynote speech on Friday.
Read MoreBoth the U.K.’s manufacturing and services PMIs hit multi-month highs in August, lowering the odds of aggressive easing plans from the BOE.
Read MoreAs GBP/USD continues its relentless climb, all signs point to further gains, but could this steep ascent be on the brink of a collapse?
Read MoreJust when it seemed that the Greenback was in recovery mode, it chalked up another day in the red thanks to a couple of major catalysts. How did the rest of the markets fare?
Read MoreThe minutes of the July FOMC meeting confirmed that most policymakers believe it would be appropriate to cut rates in September. How did the dollar react?
Read MoreI do not have superior intelligence or faultless looks. I do not captivate a room or run a mile under six minutes. I only succeeded because I was still working after everyone else went to sleep.Greg Evans