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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 9th July 2024.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 10th July 2024.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 11th July 2024.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 12th July 2024.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 15th July 2024.
This week, financial markets will focus on key events and data releases. The European Central Bank (ECB) decision is expected to keep rates steady at 3.75%, with a statement highlighting controlled but resilient inflation and the importance of upcoming data for future rate cuts. Eurozone data highlights include industrial production, final June HICP, and German ZEW economic sentiment. In the U.S., significant data releases such as retail sales, industrial production, housing starts, the Fed's Beige Book, weekly jobless claims. Additionally, speeches from Fed Chair Jerome Powell and other FOMC members will shape rate expectations. The People's Bank of China is likely to maintain its one-year medium-term lending facility rate at 2.50%, amid data expected to show a slowdown, with Q2 GDP growth forecast at 5.1% and June industrial output at 5.0%. The UK will release inflation, jobs, and retail sales data. Japan has a low-key week with trade and nationwide CPI due.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 16th July 2024.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 17th July 2024.
Gold markets surged to a new all-time high on Tuesday, driven by expectations of a September rate cut from the Federal Reserve (Fed). The push comes after US Retail Sales remained flat in June, adding to a series of weak data, including last week's cooler-than-expected US Consumer Price Index (CPI) inflation report. With US economic data weakening and concerns about an economic downturn growing, bets on a rate cut have increased significantly. As a result, investors are flocking to gold, propelling XAU/USD to a record high of $2,482.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 18th July 2024.
π Discover Forex Trading Strategies Used by Experienced Traders! π
Are you aiming to enhance your skills in trading? Here are some proven strategies that professional traders rely on: 1. Riding Trends: Jump on board. Ride the wave by identifying and following market trends. This approach helps maximize gains when the market is moving in a direction. 2. Mean Reversion: Seeking balance? This strategy assumes that prices will return to their average over time. Look for opportunities when the market is either overbought or oversold to benefit from corrections. 3. Breakout Trading: Keep an eye, on support and resistance levels. Breaking through these levels can trigger price movements providing opportunities for gains.
Happy trading!
Are you aiming to enhance your skills in trading? Here are some proven strategies that professional traders rely on: 1. Riding Trends: Jump on board. Ride the wave by identifying and following market trends. This approach helps maximize gains when the market is moving in a direction. 2. Mean Reversion: Seeking balance? This strategy assumes that prices will return to their average over time. Look for opportunities when the market is either overbought or oversold to benefit from corrections. 3. Breakout Trading: Keep an eye, on support and resistance levels. Breaking through these levels can trigger price movements providing opportunities for gains.
Happy trading!
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 19th July 2024.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 22nd July 2024.
This week, financial markets will focus on the U.S. Federal Reserve's preferred inflation gauge, flash PMIs for major economies, U.S. Q2 earnings, and the Bank of Canada's rate decision. Investors are also closely watching U.S. political developments after President Joe Biden ended his reelection bid. The Fed enters its blackout period ahead of its July 30-31 meeting, resulting in a lull in major central bank speeches. Key U.S. releases include Friday's core PCE price index, existing home sales, July S&P Global flash PMIs, trade data, new home sales, durable goods, advance Q2 GDP, personal consumption, and the University of Michigan's final July consumer sentiment and inflation expectations. In Europe, euro zone flash July consumer confidence and PMIs, German retail sales, and the Ifo survey are key, while the UK releases flash July PMIs. Japan will publish flash PMIs and Tokyo July CPI.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 23rd July 2024.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 24 July 2024.
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Stay ahead of the curve with our daily market news update! Get the latest insights and analysis to make wise decisions for the 25 July 2024.
Key Earnings Update from Top US Companies: Alphabet (Google's parent company): Alphabet recently reported a 29% jump in profit for its latest quarter. The company's quarterly revenues reached $84.7 billion, representing a 14% increase compared to the same period last year. Tesla: Recently announced a 45% decline in profits for the second quarter of 2024. The company reported earnings of $1.5 billion and revenues of $25.5 billion for the quarter. Coca Cola: The Coca-Cola Company demonstrated strong performance in the second quarter of 2024. Net revenues grew 3% to $12.4 billion, exceeding analyst expectations of $11.9 billion. Earnings per share (EPS) declined 5% to $0.56