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Nasdaq Stalls As Fed Expectations & China Data Weigh

Record Gains for Tech StocksThe Nasdaq recorded its strongest H1 in 40 years this year with a 32% gain. The US tech index has bene bolstered over the year so far by shifting Fed expectations and...

EUR Softens As Eurozone Data Revised Lower

Services PMI Revised LowerThe latest round of eurozone data today has painted further dark clouds on the horizon for the currency bloc. The final Services PMI reading for the eurozone last month was...

FOMC Minutes are Unlikely to Bring Dovish Surprise and Here is Why

After the holidays, the US markets are gearing up for today's opening, and volatility is expected to rebound. Today's focal point is the release of the FOMC meeting minutes for June. Given...

Gold Higher Ahead of FOMC Minutes

Traders Eyeing July Rate HikeThe FOMC minutes later today will be the main focus ahead of the US labour market reports due on Friday. On the back of the Fed holding rates steady last month, while...

USDJPY Holds Near 145 Amidst Intervention Chatter

Intervention Coming?Speculation over potential Japanese intervention in FX markets is helping underpin the Yen today. USDJPY is holding around the 145 level, a price point which has previously...

Fresh Cuts Announced Ahead of OPEC+ Meeting Tomorrow

What is OPEC?The Organization of the Petroleum Exporting Countries (OPEC) is a collective organization of 13 oil-producing nations that aims to coordinate and unify their petroleum policies....

Gold Rallying As US/China Tensions Drive Safe-Haven Demand

China Trade Restrictions AnnouncedGold prices are rising today on safe-haven inflows after tensions between China and the US were seen ratcheting up a level. Overnight, China announced a fresh set of...

Aussie Rallies Despite RBA Rate Pause

RBA Holds Rates SteadyThe Australian Dollar is trading with a bid tone across the European open on Tuesday. The rally comes despite the RBA holding rates unchanged overnight at its July monetary...

Amazon Shares Higher Despite FTC Lawsuit

FTC LawsuitShares in Amazon are trading a little higher today ahead of the open. The move comes despite news that the FTC is preparing a lawsuit against Amazon, based on its claim that millions of...