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The most important US employment data of the month is expected to be released on Friday amid expectations of a significant decline in job growth in the United States, with a stable unemployment rate and a decline in wage growth. On the first Friday of each month, US employment data …

Oil prices experienced a modest uptick on Friday, August 1st, 2024. However, this increase is unlikely to prevent a fourth consecutive week of losses. Concerns about slowing global economic growth and declining demand are overshadowing the potential impact of rising tensions in the Middle East. The primary driver behind the …

Despite the Federal Reserve adopting a dovish tone during the FOMC meeting, Bitcoin’s price remained weak. Fed Chair Jerome Powell hinted at a rate cut in September, which had already been priced in by the market at 0.25% odds.While US equities responded positively, the crypto market showed little interest, with …

The US Dollar rebounded after the Federal Reserve’s (Fed) decision, with market participants focusing on Friday’s Nonfarm Payrolls data. Despite signs of disinflation, the strong US economic landscape led Fed Chair Jerome Powell to maintain a data-dependent stance. While chances of a rate cut in September increased, Powell’s demand for …

Gold prices surged past $2,450 on Thursday, fueled by the Federal Reserve’s (Fed) signal of potential rate cuts and escalating tensions in the Middle East. The Fed expressed increased confidence in a slowing inflation rate during the second quarter, bolstering expectations for a policy shift.The XAU/USD index reached a two-week …

The U.S. dollar rebounded on Thursday following a decline the previous day, as central bank decisions continued to impact currency markets. The dollar index, which measures the dollar against six major peers, rose by 0.29% to 104.35. This recovery came after a 0.4% drop the day before, when the Federal …

Major European equity markets experienced declines on Thursday, impacted by corporate earnings reports from both the U.S. and Europe. Meanwhile, expectations of forthcoming policy easing in the United States supported global bond markets. The Federal Reserve maintained interest rates on Wednesday but hinted at a potential cut in September. Traders …

Oil, Crude, trading

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Oil, Crude, trading