This Week: Nvidia earnings and US, EU inflation data
The final week of August is expected to be volatile, with major market-moving events including Nvidia's earnings release, Eurozone and US inflation data, and potential impacts on FX, indices, and US stocks.
The global oil benchmark is set to bring an end to 2 consecutive weekly declines. However, the 21-day simple moving average (SMA) is currently standing in oil bulls' way, ahead of today's US PCE Deflators release.
Gold recovers despite delayed bets for Fed rate cuts
Gold is extending its rebound off the $2300 psychological level!
Even so, the precious metal appears to be on the cusp of ending a 5-week winning streak.
USDJPY could see a greater-than 3000 point move in what might be this FX pair's most volatile week so far in 2024! Key events before the weekend could jolt USDJPY within the 151.90 – 159.00 range, amidst the rising threat of government intervention.
The final week of August is expected to be volatile, with major market-moving events including Nvidia's earnings release, Eurozone and US inflation da...
The global oil benchmark is set to bring an end to 2 consecutive weekly declines. However, the 21-day simple moving average (SMA) is currently standin...
USDJPY could see a greater-than 3000 point move in what might be this FX pair's most volatile week so far in 2024! Key events before the weekend could...
USDJPY
Japanese Yen
Bank of Japan
GDP
PCE
inflation
Federal Reserve
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