Monday's Market Update | 26-Aug-2024
On Monday, oil prices extended their upward trend in Asian trading, continuing their rise from the previous session. This increase is driven by the ongoing Israel-Hamas conflict, which shows no signs of a ceasefire.
Additionally, oil markets were supported by optimism around potential U.S. interest rate cuts after comments from Federal Reserve Chair Jerome Powell, which further boosted oil prices on Friday. The EUR/USD pair weakened to near 1.1185 during early trading in Europe on Monday.
The slight recovery in the U.S. dollar is putting downward pressure on the pair. However, the downside might be limited because Federal Reserve Chair Jerome Powell hinted at a possible rate cut in September.
Key Takeaways U.S. Tariff Impact:• Trump announced a 25% tariff on all cars made outside…
March 25–31 Forex Outlook | Live & Free Analysis: In this week’s technical analysis on…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
STARTRADER APAC Summit 2025: Insights & Innovation Bangkok, Thailand - March 25, 2025: STARTRADER hosted…
Dear Valued Client, To further enhance your trading experience, STARTRADER will be conducting a scheduled…
Dear Valued Client, Please be informed that the trading hours for the following products will…
This website uses cookies.
