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Stay up-to-date with the latest market developments. Discover breaking news, in-depth analysis, expert commentary, and market insights that affects all asset classes, from forex and commodities to stocks and indices. MarketPulse news will help you stay ahead so you can make informed trading decisions.

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New Zealand dollar extends gains as services index rises
The New Zealand dollar wrapped up a fourth consecutive winning week and is in positive territory on Monday. NZD/USD is trading at 0.6076, up 0.37% in the European session at the time of writing. New Zealand PSI pace of contraction eases The New Zealand Performance of Services Index rose to 44.6 in July, up sharply from 40.7 in June.
19-08-2024 09:08 GMT by Kenneth Fisher
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Gold (XAU/USD) Eyes Consolidation Above $2500/oz. Will Bulls Hold the Line?
Gold prices surpassed the $2500/oz level on Friday despite a decrease in the likelihood of a 50 bps cut at the Federal Reserve's September meeting. The rally in gold prices is attributed to dovish remarks by Federal Reserve policymakers and concerns over rising tensions in the Middle East. From a technical standpoint, the weekly chart indicates a strong bullish trend for gold, but a retracement towards the 2450 mark is possible.
19-08-2024 06:44 GMT by Zain Vawda
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Markets Weekly Outlook - Gold Hits New ATH Ahead of Jackson Hole Symposium
Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It's a data-heavy week in Europe and the US, with the release of FOMC minutes, PMI data, and speeches from Fed Chair Powell and BoE Governor Bailey.
16-08-2024 16:54 GMT by Zain Vawda
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Euro edges higher, US dollar under pressure
The euro has edged higher on Friday. In the European session, EUR/USD is trading at 1.0994, up 0.21% on the day at the time of writing. The US dollar is under pressure and the euro rose as much as 1.2% this week before paring about half of those gains.
16-08-2024 07:45 GMT by Kenneth Fisher
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New Zealand dollar stems slide
The New Zealand dollar has rebounded on Friday after a 1.4% slide over the past two days. NZD/USD is trading at 0.6017, up 0.70% in the European session at the time of writing. Solid US numbers raises risk appetite Exactly two weeks ago, a soft employment report out of the US panicked investors and caused a meltdown across global stock markets.
16-08-2024 06:44 GMT by Kenneth Fisher
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Japanese yen slides after hot US release sales
The Japanese yen is sharply lower on Thursday. In the North American session, USD/JPY is trading at 149.02, up 1.1% on the day. Japan’s economy bounces back in second quarter Japan’s economy jumped 3.1% y/y in the second quarter, an impressive turnaround from the revised 2.3% decline in the first quarter and above the market estimate of 2.1%.
15-08-2024 13:20 GMT by Kenneth Fisher
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GBP/USD dips after strong US retail sales
The British pound posted losses earlier but has clawed back and is in positive territory. GBP/USD is trading at 1.2846 in the North American session, up 0.20% on the day. UK GDP rises for second straight quarter After sustaining a technical session in the second half of 2023, the UK economy is on a rebound.
15-08-2024 10:37 GMT by Kenneth Fisher
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Nasdaq 100: Bears may still be lurking around the corner
The market seems to be focused now on growth-related macro data rather than inflation risk. Another softer US retail sales may spark another recession aka hard-landing fear. The rise of the VVIX / VIX ratio may see another potential spike in the VIX. Watch the 19,230 key short-term resistance on the Nasdaq 100. In July, the Nasdaq 100 was the worst-performing benchmark US stock indices where it recorded a monthly loss of -1.6% versus the S&P 500 (+1.1%), Dow Jones Industrial Average (+4.4%), a
15-08-2024 07:09 GMT by Kelvin Wong
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Gold (XAU/USD) Bounces Back After US CPI, DXY Faces Challenges
Gold prices rebounded after a post-CPI selloff, aided by a struggling US Dollar Index. A sustained move above $2500/oz for gold may require an additional catalyst, like geopolitical risks. The DXY faces challenges and is likely to remain subdued, with technical indicators suggesting a potential retracement. Will it Materialize?
15-08-2024 05:36 GMT by Zain Vawda
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Demand Concerns vs. Geopolitical Risks: What's Next for Brent Crude Prices?
Rising US crude inventories are putting downward pressure on oil prices, interrupting a six-week slump. Geopolitical tensions in the Middle East and supply issues in Libya could potentially drive prices up. Softening demand from global airlines, especially for jet fuel, complicates the demand landscape. Conflicting signals from fundamental factors are expected to keep market participants on high alert. MOST READ: S&P 500, Nasdaq 100 Inch Higher Following US PPI Data Oil prices are heading for t
14-08-2024 13:31 GMT by Zain Vawda
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GBP/USD shrugs as UK CPI rises less than expected
The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2844 in the European session, down 0.15% on the day. UK inflation report supports case for September rate cut Headline inflation in the UK rose 2.2% y/y in July, up from 2% in June but below the market estimate of 2.3%.
14-08-2024 08:25 GMT by Kenneth Fisher
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New Zealand dollar tumbles as RBNZ cuts rates
The New Zealand dollar is down 1% on Wednesday, after the Reserve Bank lowered interest rates today. NZD/USD is trading at 0.6017 in the European session at the time of writing. RBNZ lower rates for first time in four years The Reserve Bank of New Zealand had investors on edge right up to the wire of today’s rate announcement.
14-08-2024 07:36 GMT by Kenneth Fisher
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US CPI Preview: US Inflation to Confirm September Cut by the Fed?
Market expectations for July's US CPI data release are centered around a 0.2% month-over-month increase and a 3% year-over-year increase. Different CPI outcomes will have varying effects on the markets with each potential outcome broken down. The US Dollar Index (DXY) is currently testing support at 102.40 and faces immediate resistance at 103.00. Will the Inflation print solidify a September rate cut?
14-08-2024 06:25 GMT by Zain Vawda
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S&P 500, Nasdaq 100 Inch Higher Following US PPI Data
US PPI data came in weaker than expected, leading to increased rate cut bets and a rise in US indices. Th Immediate resistance for the S&P 500 is at 5421, with support at 5330.e June-August period is historically the second-strongest 3-month period for the S&P 500, averaging a 3.2% return. Immediate resistance for the S&P 500 is at 5421, with support at 5330.
13-08-2024 11:10 GMT by Zain Vawda
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