EUR/USD rebound to stall near 1.0450: ING

Monday ended with gains in the US stock market. By the end of the day, the Dow Jones (US30) rose by 0.63%. The S&P 500 (US500) gained 1.02%. The tech‑heavy NASDAQ (US100) closed up 1.06%. Investor optimism was driven by a correction in oil prices and a decline in bond yields amid hopes for diplomatic…

EUR/USD Client Positioning 08-01-24 (Source: DailyFX) Retail Trader Sentiment Shifts EUR/USD: Current retail trader data indicates that 50.71% of traders are net-long, with a long-to-short ratio of 1.03 to 1. Notably, traders have been net-long since July 03, when EUR/USD was trading near 1.08. Since then, the price has dipped 0.02%. The number of traders…

Markets: Gold down $10 to $2734 US 10-year yields up 10 bps to 4.38% WTI crude oil up 20-cents to $69.46 S&P 500 up 0.4% GBP leads, CHF lags The crosscurrents in markets continued on Friday as we count down to the US election. It’s tough to separate moves based on economic data from election…

Bitcoin falls 5.69% to $58,987 Source link

Weaker-than-expected US Consumer Price Index (CPI) data released yesterday triggered a downward correction in the US dollar. The USD/JPY pair lost more than 150 points in just a couple of hours, USD sellers in USD/CAD managed to push the price below 1.4400, and European currencies partially recovered earlier-formed reversal patterns for buying. USD/JPY On the…