Oil prices edged higher on Monday, driven by concerns over potential supply disruptions in the Middle East and optimism that the U.S. Federal Reserve’s significant interest rate cut last week would support demand. Brent crude futures for November delivery rose 22 cents, or 0.3%, to $74.71 a barrel by 0705 …
Read More »Bitcoin Extends Gains to One-Month High Amid Fed Rate Cut Optimism, Eyes More Economic Cues This Week
Bitcoin continued its upward momentum on Monday, reaching a one-month high as traders reacted positively to the Federal Reserve’s recent interest rate cut. However, trading volumes were subdued due to a market holiday in Japan and the anticipation of more economic signals in the coming days. Bitcoin rose 1.3% to …
Read More »Gold Prices Hit Record High Amid U.S. Rate Cut Optimism, Market Awaits More Economic Signals
Gold prices surged to a new record high in Asian trading, fueled by optimism surrounding recent U.S. interest rate cuts. Investors also exhibited caution ahead of a series of economic events this week, which further supported the yellow metal’s rise. Spot gold climbed 0.3% to reach a historic high of …
Read More »Financial Markets Weekly Recap: Fed’s Pivotal Shift Triggers Risk-On
Fed’s Aggressive Rate Cut Signals a New Era Last week, the Federal Reserve made a significant move by cutting its policy rate by a substantial 0.5%. This marked a significant departure from its previous stance of aggressive rate hikes aimed at curbing inflation. The larger-than-expected cut signals a critical …
Read More »Market Drivers: US Session, September 20 US Dollar Strengthens Amidst Fed Rate Cut and Economic OptimismThe US Dollar gained momentum following the Federal Reserve’s interest rate cut, reflecting growing market optimism about the US economy. The New York Fed’s Nowcast model projects robust economic growth in the third and fourth …
Read More »Dow Rallies Cautiously in Celebration Following Rate Cut
Dow Jones hovers near 42,000. Thus, the Index is heading for another winning week, but this time, Dow’s rally comes after Fed’s recent rate cut. The Dow Jones Industrial Average has surged to near 42,000 this week, following the Federal Reserve’s aggressive interest rate cut. This marks a significant turnaround …
Read More »Trump slams Fed’s rate cut decision
Following the half-percentage-point interest rate cut by the Federal Reserve less than two months before the November election, Republican presidential nominee Donald Trump is not holding back in his criticism of the institution. In an interview with Newsmax on Thursday, the former president stated, “It really is a political move.” …
Read More »What Signal Does FedEx’s Earnings Miss Convey About US Economy?
The recent earnings report from FedEx has sent shockwaves through the financial markets, raising serious concerns about the health of the broader economy. The company, often considered a bellwether for the US and global economies, has reported weaker-than-expected results, primarily due to a decline in industrial shipments. This article will …
Read More »EUR/GBP Price Analysis: Sellers Dominate as Pair Plummets
The EUR/GBP pair continued its downward spiral, extending its losing streak and reaching a new yearly low. This ongoing bearish trend is supported by both technical indicators and fundamental factors.Fundamental FactorsEconomic Data: While specific economic data points for the eurozone and the UK have not been mentioned, it is likely …
Read More »Gold Prices Soar: A Strategic Analysis
Gold is +1.48 up during the US session on Friday, trading at USD 2,624.51. Gold prices have recently reached unprecedented heights, sparking renewed interest in the precious metal. While the exact reasons for this surge remain somewhat elusive, several key factors are likely contributing to the bullish sentiment. This analysis …
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