Daily Market (US Session) 23-09-2024

Finance and economics explained simply
Daily Market (US Session)    23-09-2024

Market Overview

Oil prices rose slightly, but the market is overbought. The Australian dollar and euro traded sideways with positive indicators. The Japanese yen remained stable. Gold reached a new high amid rate cut expectations and Middle East tensions. FedEx shares plunged due to disappointing earnings. The S&P 500 hit a new record, but economic data and political uncertainty may impact future performance. Eurozone PMIs dip into contraction zone, euro takes a dive. Stocks mixed as weak PMIs offset optimism about China stimulus. Dollar edges up as after Waller comments; Powell and PCE inflation eyed next.

Economic Calendar (GMT+1)

Analysis of EURUSD

Chart Analysis

Analysis of GBPUSD

Chart Analysis

Analysis of GBPJPY

Chart Analysis

Analysis of XAUUSD

Chart Analysis

Analysis of WTI

Chart Analysis

Conclusion

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