Daily Market Analysis 02-09-2024

Finance and economics explained simply
Daily Market Analysis   02-09-2024

Market Overview

The oil market experienced a significant decline, while the Australian dollar remained stable. The euro and Japanese yen also showed little movement. Global financial headlines were positive, with a broader rally in US stocks and a decline in inflation in the Eurozone. PCE inflation holds steady, 50bps cut less likely – Euro slips as Eurozone inflation drops to lowest in three years – Wall Street gains on soft-landing hopes.

Economic Calendar (GMT+1)

EURUSD Analysis

Chart Analysis

GBPUSD Analysis

Chart Analysis

GBPJPY Analysis

Chart Analysis

XAUUSD Analysis

Chart Analysis

WTI Analysis

Chart Analysis

Conclusion

Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly. Join us as we explore the market together: https://my.dbinvesting.com/links/go/955

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