US goods exports fell -0.0% mom to USD 172.9B in July. Goods imports fell -3.2% mom to USD 275.6B. Trade balance reported USD -102.7B deficit, larger than expectation of USD -97.1B. Wholesale inventories rose 0.3% Read more…
US initial jobless claims fell -2k to 231k in the week ending August 24, slightly below expectation of 234k. Four-week moving average of initial claims fell -5k to 232k. Continuing claims rose 13k to 1868k Read more…
Nvidia shares slipped lower in early Thursday trading, but pared the worst of their post-earnings declines, as a host of Wall Street analysts rush to update ratings and price targets on the AI chipmaker following Read more…
The euro has extended its decline on Thursday. In the European session, EUR/USD is trading at 1.1095 at the time of writing, down 0.22% on the day. The US dollar has rebounded against the euro Read more…
Bitcoin find support following profit taking induced selloff. ‘Hodlers’ continue to accumulate Bitcoin at pace, adding 262k Bitcoin over the last 30 days. Bitcoin’s current price stabilization above the critical 58,500 support level, a new Read more…
The Dollar Index extends recovery into second straight day, lifted by short covering ahead of key supports at 100.29/21 zone (Dec 2023 low / 200WMA). Oversold daily studies contributed to fresh rise, as stochastic and Read more…
Check back for updates throughout the trading day U.S. equity futures bumped higher Thursday, paired with a modest pullback in Treasury bond yields, as investors cleared the end-of-summer hurdle of Nvidia earnings and looked to Read more…
Eurozone Economic Sentiment Indicator rose from 96.0 to 96.6 in August. Employment Expectations Indicator rose from 97.9 to 99.2. Economic Uncertainty Indicator fell from 17.9 to 17.2. Eurozone industry confidence rose from -10.4 to -9.7. Read more…
The EUR/USD pair is holding steady at around 1.1134 as markets consolidate USD positions during a lull in significant news. Investors are now keenly awaiting the release of the Core PCE inflation data, a critical Read more…
Market picture The cryptocurrency market remained in the same position as the day before, with a capitalisation of $2.09 trillion (+0.07% in 24 hours). Bitcoin’s price stabilised after the crash, with Solana losing 3% and Read more…