US Treasury yields edged lower on Monday, retracing some of the sharp gains witnessed in the aftermath of Moody’s recent downgrade of the US sovereign debt rating. The initial announcement triggered a significant sell-off in benchmark bonds, pushing yields higher.However, market participants appeared to have largely absorbed the implications of …
Read More »Market Drivers – US Session – Markets on Edge: PBoC Holds Steady, RBA Cuts Rate
The US Dollar kicked off the trading week under pressure, testing two-week lows near the 100.00 support level on the US Dollar Index (DXY). A recent Moody’s downgrade of US credit and resurfacing trade tensions have fueled selling, setting the stage for a volatile session. Meanwhile, key events on Tuesday, …
Read More »Gold’s Ascends As Moody’s downgrade spurs safe haven demand
The price of gold has experienced a notable rebound, breaching the $3,200 mark as investors sought refuge following Moody’s recent downgrade of the United States’ credit rating to Aa1 from AAA. This decision by the rating agency, citing prolonged fiscal inaction, exerted downward pressure on the US Dollar, consequently bolstering …
Read More »New Alarm? Why Moody’s Downgrade of US Credit Rating Matters
Moody’s recent downgrade of the U.S. credit rating from Aaa to Aa1 signals fiscal challenges that could ripple through consumer finances. This shift, driven by a ballooning federal deficit and rising debt burden, may elevate borrowing costs for mortgages, credit cards, and auto loans. Here’s what this means for personal …
Read More »Euro Surges After Lagarde’s Remarks
The euro continued its upward climb on Monday, capitalizing on a weakening U.S. dollar and bolstered by comments from the European Central Bank (ECB). Meanwhile, the dollar extended its decline, weighed down by negative developments in the U.S. credit rating landscape.Moody’s Downgrade Pressures the Dollar On Friday, Moody’s downgraded the …
Read More »Dollar Under Pressure as Debt Concerns Mount and Rate Cut Expectations Recede
The US Dollar is facing headwinds, registering losses against major currencies as markets grapple with the implications of the nation’s growing debt burden. This downward pressure is reflected in the US Dollar Index (DXY), which tracks the dollar’s performance against a basket of six currencies, currently hovering near the 100.30 …
Read More »Bitcoin Nears Record High as Trade Relief, Rate-Cut Hopes and Credit Woes Fuel Rally
Bitcoin continued its upward march on Monday, climbing 1.4% to $104,815.5 by 02:51 GMT, after briefly breaching $107,000 earlier in the session. The token is now trading at its highest level since January 2025, just shy of its all-time high of $109,228, as a confluence of macroeconomic tailwinds and investor …
Read More »European Stocks Slip as Markets Eye UK-EU Summit, Ukraine Talks and Final EU Inflation Data
European equity indices opened slightly lower on Monday, as investors took a cautious approach to start the week amid key geopolitical developments and the release of eurozone inflation data. By 03:05 ET (07:05 GMT), the DAX index in Germany was down 0.1%, France’s CAC 40 lost 0.4%, and the FTSE …
Read More »Gold Prices Rise as Moody’s U.S. Downgrade Reignites Safe-Haven Demand
Gold prices climbed on Monday, supported by a resurgence in safe-haven demand after ratings agency Moody’s downgraded the U.S. sovereign credit rating, triggering risk aversion across global markets. Mixed Chinese economic data added to market caution, bolstering bullion’s appeal further. As of 01:51 ET (05:51 GMT), spot gold rose 0.5% …
Read More »Oil Prices Slip Amid U.S. Credit Downgrade and China Growth Concerns
Oil prices fell slightly on Monday, pressured by Moody’s downgrade of the U.S. sovereign credit rating and signs of a cooling economic recovery in China, the world’s largest crude importer. As of 04:40 GMT, Brent crude futures for front-month delivery dropped 35 cents, or 0.5%, to $65.06 per barrel, while …
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