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Caterpillar benefits from solid Durable Goods Orders data on Monday. NASDAQ, growth stocks move lower on the good economic news. Dow Jones Industrial Average hits new all-time high. CAT stock…
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UPCOMING EVENTS:Monday: PBoC MLF, German IFO, US Durable Goods Orders.Tuesday: US Consumer Confidence.Wednesday: Australia Monthly CPI, Nvidia Earnings.Thursday: US Q2 GDP 2nd Estimate, US Jobless Claims.Friday: Tokyo CPI, Japan Retail…
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Gold prices jump over 1% after Fed Chair Powell hints at upcoming rate cuts, expressing confidence in inflation nearing the 2% target. The US Dollar Index (DXY) falls 0.82% to…
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Bank of America highlights that historically, the US Dollar Index (DXY) tends to rise from August through US election day in November, suggesting potential USD strength leading into the upcoming…