Market trying to stabilize amid uncertain economic outlook, strong Bitcoin and gold performance

From Investing.com: 2024-07-15 05:13:00

The dollar stabilizes after weekend events. Chairman Powell set to speak today amid uncertain economic outlook. Bitcoin thrives, gold remains strong above $2,400. China’s CPC plenary kicks off today, potential for impactful headlines.

Market digest previews impact of recent attack on Donald Trump. Speculation arises on influence on election and potential trade wars. Fed weighs in on weaker data releases and rate cut expectations. Light calendar today with focus on key economic releases throughout the week. ECB meeting anticipated for potential rate action.

Market response shows stability amid weekend events. Focus on dollar and yen movement, BoJ intervention rumors. Pound strong against euro despite Euro 2024 final outcome. Bitcoin and gold performances continue to shine amidst global economic uncertainty.

China’s economic weakness persists with disappointing Q2 data. Housing sector struggles impacting retail sales. Key plenary session of CPC addresses demand issues and potential support for housing market. Authorities urged to act promptly to counteract economic slowdown.



Read more at Investing.com: A Confused Market Tries to Find Its Footing