EBC Daily Snapshot Sep 12, 2024

On Thursday, the dollar hit a four-week high against the euro as persistent inflation suggested the Fed might avoid a large rate cut next week.

EBC Financial Group
Type: STP, ECN
Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSCA (South Africa)
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US Treasury Triples Long-Term Bond Buyback Size

US Treasury Triples Long-Term Bond Buyback Size

🚨 Iran attacks 10 vessels near Hormuz after US sinks 5 Iranian tankers — biggest shipping clash of the conflict. Brent tops $100 to $101.21, WTI at $96.05. Goldman warns $120 oil possible. 10Y yields hit 4.85%, highest since Nov 2023. Gold rises 1.5% to $4,418. ECB hikes 25bps today. PPI due.
CPT Markets | 54 minutes ago
S&P 500 Stepped From Record Highs, but Market Breadth Is Flashing a Warning 💥

S&P 500 Stepped From Record Highs, but Market Breadth Is Flashing a Warning 💥

S&P 500 stepped from recent record highs, but its internal strength is deteriorating as fewer constituents hold above their 50-day averages. With September seasonality, elevated yields and Fed uncertainty creating near-term risks, market breadth is flashing caution. Yet a stronger fourth quarter and pre-election positioning could provide the next bullish catalyst.
Headway | 19h 16min ago