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*Financial Market quiet ahead of crucial Fed’s interest rate decision and FOMC meeting minutes. *Eye on tomorrow’s Australian CPI reading that may bolster the Aussie dollar from bearish momentum. *Oil prices dropped to near a 2-month low as the deteriorating demand outlook weighed on the black gold. Market Summary The financial market remained relatively quietContinue Reading

Fundamental Analysis * Demand Drag: Crude oil prices fell further from the previous session due to concerns about weakening demand from China, the largest global oil consumer. Data showed an 11% decline in China’s total fuel oil imports in the first half of 2024 amid slow growth. Additionally, disappointing economic reports, including a third consecutiveContinue Reading

*Last Friday, the PCE reading boosted Wall Street sentiment and hammered the dollar. *Eyes on Wednesday’s BoJ and Fed interest rate decisions.  *BTC prices are bolstered by Donald Trump’s statement that supports the crypto market. Market Summary The financial market has reacted to the highly anticipated U.S. inflation gauge preferred by the Federal Reserve, theContinue Reading

Fundamental Analysis * Fed-Fueled: The EUR/USD pair saw modest gains against the dollar as traders maintained expectations for a September interest rate cut by the US Federal Reserve, which weakened the Greenback. Recent US inflation data, reflected in the Personal Consumption Expenditures (PCE) Price Index, showed a slight easing from the previous year in June,Continue Reading

*Wall Street remains under rotation, the Nasdaq is under selling pressure, and the Rusell 2000 remains strong. *Tokyo CPI reading came at 2.2%, bolstering Yen’s strength. *Oil prices were stimulated by upbeat U.S. economic data yesterday. Market Summary Wall Street continues to face downside risks, with the Nasdaq and S&P 500 sliding in yesterday’s sessionContinue Reading