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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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SPX 500: Further weakness may trigger a medium-term global risk-off event
Market participants have started to question the earlier high earnings growth prospects placed on the “Magnificent 7” stocks. The past month of record low implied correlation among S&P 500 component stocks can increase the odds of a more pronounced spike in the VIX. The S&P 500 is at risk of shaping a medium-term (multi-week) corrective decline phase which may trigger a global risk-off scenario. The mega-capitalization stocks have led yesterday’s rout in the US stock market where the Magnifice
25-07-2024 08:08 GMT by Kelvin Wong
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GBP/USD Dips to 1.2850 Amid Growing BoE Rate Cut Speculation
GBP/USD is declining due to speculation of a BoE rate cut and concerns about global growth. Market participants are pricing in a 53% chance of rate cuts in August, but economists polled predict an 80% chance of a cut. Technically, GBP/USD has support at 1.2850 and resistance at 1.2950. Most Read: USD/JPY Declines Sharply as BoJ Considers Rate Hike Next Week Cable has continued to edge toward support at the 1.2850 handle as high impact US data lies in wait.
25-07-2024 07:25 GMT by Zain Vawda
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USD/CAD unmoved by Bank of Canada rate cut
The Canadian dollar is almost unchanged on Wednesday, after the Bank of Canada cut rates at today’s meeting. In the North American session, USD/CAD is trading at 1.3778, up 0.05% on the day at the time of writing. Bank of Canada lower rates The Bank of Canada lowered rates by 25 basis points, bringing the key interest rate to 4.50%.
24-07-2024 12:15 GMT by Kenneth Fisher
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EUR/USD pares losses after weak eurozone PMIs
The euro edged lower on Wednesday but has recovered. In the North American session, EUR/USD is trading at 1.0860, up 0.07% on the day at the time of writing. Eurozone PMIs weaker than expected Eurozone PMIs can be viewed as monthly report cards for the services and manufacturing services.
24-07-2024 10:08 GMT by Kenneth Fisher
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Oil Price Update: Brent Holds Critical Support Amid US Inventory Decline
Oil prices have declined over the past four days, but Brent oil remains at a crucial support level. The Chinese government has cut rates to stimulate economic growth following disappointing data. Will this help keep oil demand strong in H2? US GDP, PMI and PCE data could play a role in Oil price moving ahead while the Geopolitical situation needs to be monitored as well.
24-07-2024 06:40 GMT by Zain Vawda
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EUR/USD improves to two-week high
The euro has posted gains on Tuesday. In the North American session, EUR/USD is trading at 1.0847, down 0.40% on the day at the time of writing. In the US, today’s data was a disappointment.
23-07-2024 10:43 GMT by Kenneth Fisher
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USD/JPY: Another potential relief rally leg looms for JPY
A potential uptick in Japan’s core-core CPI led by PPI may increase the odds of a BoJ’s interest rate hike in September. Republican presidential nominee Donald Trump’s betting odds have slipped after US President Biden decided to bow out of the US Presidential Election race. A resurgence of Trumponomics that may be challenged which in turn may lead to a US dollar mixed-bag to negative environment in the short term. Another daily close below 156.50 on the USD/JPY may trigger a multi-week correct
22-07-2024 06:09 GMT by Kelvin Wong
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Australian dollar falls to 3-week low
The Australian dollar is coming off a rough week with losses of 1.45% and the downtrend has continued on Monday. AUD/USD is trading at 0.6664 in the European session, down 0.30% on the day at the time of writing.
22-07-2024 05:34 GMT by Kenneth Fisher
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JPY Technical Outlook: Price Action on USD/JPY, GBP/JPY
Japanese authorities have not confirmed whether they have intervened in the market to support the Yen. USD/JPY broke a long-term descending trendline but found support near the 100-day MA and 155.00 level. Price Action outlook and potential setups on USD/JPY and GBP/JPY. Most Read: EUR/USD Rallies Toward Key Confluence Zone Amid Accelerating DXY Selloff Fundamental Overview The Japanese Yen is enjoying a stellar week thanks in part to optimism around wage growth as well as rising rate cut optim
18-07-2024 10:09 GMT by Zain Vawda
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Australian shrugs on mixed employment data
The Australian dollar is showing limited movement on Thursday. AUD/USD is trading at 0.6736 in the European session, up 0.10% on the day, up 0.1% at the time of writing. Job growth shines but unemployment rises Australia’s employment report for June was a mix, leaving investors scratching the heads.
18-07-2024 06:09 GMT by Kenneth Fisher
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Oil to Snap 3-day Losing Streak on Declining US Stockpiles
Oil prices are rising due to a significant decrease in US oil inventories, exceeding expectations. The CCP's third plenum could impact oil prices depending on its policy decisions.  Support and resistance levels are identified. Most Read: S&P 500, Nasdaq 100 Slide as US Threatens Stricter Restrictions on Chinese Trade Oil prices are on the offensive this afternoon following US inventories data. In its weekly survey released on Tuesday, the American Petroleum Institute reported that U.S.
17-07-2024 12:06 GMT by Zain Vawda
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Australian dollar eyes employment report
The Australian dollar is steady on Wednesday. AUD/USD is trading at 0.6743 early in the North American session, up 0.08% on the day. Australia releases the June employment report early on Thursday.
17-07-2024 09:56 GMT by Kenneth Fisher
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S&P 500, Nasdaq 100 Slide as US Threatens Stricter Restrictions on Chinese Trade
US trade restrictions on China could significantly impact the semiconductor industry, causing a selloff of chip stocks, including Nvidia and ASML. ASML's Q2 earnings exceeded expectations despite a decline in net income, but concerns remain about potential revenue loss if restrictions tighten. Geopolitical tensions between the US and China are expected to intensify, with implications for various sectors, including technology.
17-07-2024 09:31 GMT by Zain Vawda
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