Headlines:
Jackson Hole on the horizon for markets this weekWhat are the interest rates expectations ahead of the Jackson Hole Symposium?Cryptocurrencies lose altitude to start the new weekTrump reaffirms executive order to get rid of mail-in ballots for midterm electionsTrump scheduled for sit down with Zelensky before meeting European leadersEurozone June trade balance €7.0 billion vs €13.0 billion expectedMarkets:
It was a quiet session with little on the agenda to really shake things up. That is seeing markets just trudge along to start the new week, with eyes on bigger events in the coming days. The anticipation will slowly build towards Fed chair Powell's speech at Jackson Hole at the end of the week.
For today, it's more of a tentative mood across asset classes. In FX, the dollar is lightly changed with narrower ranges prevailing. USD/JPY is up only 0.2% to 147.50 while EUR/USD is down 0.1% to 1.1683 on the day. Meanwhile, USD/CAD is down 0.2% to 1.3793 while AUD/USD is seen marginally higher by 0.1% to 0.6510. The changes show a lot to be desired to start the week.
In the equities space, we're seeing stocks also cool after last week's gains. That despite Japanese stocks ending at fresh record highs. European indices are marked down amid a more tepid mood with US futures also keeping marginally lower as Wall Street is waiting on key earnings from retailers this week. Target and Walmart are the big two to look out for.
Elsewhere, gold is up slightly but remains largely in a consolidative mood since the end of May as pointed out here. Among the more notable movers are actually cryptocurrencies with Ethereum down almost 5% to $4,268 as the recent upside momentum fades, with Bitcoin also seeing a loss of altitude and is down over 2% to $115,041.
This article was written by Justin Low at investinglive.com.Hence then, the article about investinglive european session wrap dollar steady amid tepid market mood cryptos retreat was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( investingLive European session wrap: Dollar steady amid tepid market mood, cryptos retreat )
Also on site :
- Trump’s Christmas Eve calls with children asking about Santa’s whereabouts are steeped in partisan politics
- Update: Flood watch affecting 5 Freeway north of LA until early Friday evening caused by persistent downpours
- Ukraine-Russia war latest: Zelensky awaits Putin response to new peace plan while Christmas Eve blast kills 3 in Moscow