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Limited positive attempts dominated gold’s movements during the previous trading session. Still, it collided with the minor resistance level at 1922, which forced it to trade negatively to the downside. Technically, by looking at the 4-hour chart, the 50-day simple moving average still holds the price from below, supporting the …

The bearish trend continues to control the movements of the Euro-dollar pair within the expected negative technical outlook during the previous technical report, touching the first official stop at 1.0800, heading to visit the official target required for the current descending wave at 1.0775, recording the lowest trading at 1.0777 …

All key financial assets, including Thursday’s firmer US dollar, await Fed’s Powell speech on Friday before the Jackson Hole Symposium. Volatility is expected, and it could lead to sharp moves across financial markets.All eyes are on the Kansas City Fed’s Jackson Hole Symposium. On Friday, ECB’s Lagarde and the Fed’s …

The BRICS bloc has expanded by bringing on six new countries, including Iran, Saudi Arabia, and Egypt. This expansion is seen as a significant victory for China and Russia, increasing China’s political clout and helping to reduce Russia’s isolation.However, Russia and China face growing economic headwinds that could undermine the …

The Biden administration is proposing a change to the one-hour gag rule on economic data, which has prevented officials from weighing in on critical data. The proposed change would allow officials to weigh in 30 minutes after the release of key data, allowing them to enter the dialogue thirty minutes …

The WTI crude oil is climbing to $79.05 per barrel, up 0.20%, at the time of writing, as hawkish signals by Fed officials initially dent but later fail to suppress oil prices.Iran announces plans to ramp up crude oil production to 3.4 million bpd by the end of September. The …

The US stock market experienced losses due to a stronger USD and hawkish remarks by Federal Reserve officials at the Jackson Hole Symposium. The SPX erased gains from Wednesday, retreating to 4,380. Fed officials Thomas Barkin and Susan Collins sounded hawkish at the beginning of the symposium. Jerome Powell’s speech …

Over the past ten years, China has witnessed the largest infrastructure boom in history, making it one of the key factors in the Asian country’s economic expansion. However, businesses who took out loans to support the development boom are now under unheard-of debt strain. The future of China’s whole economy …

President Jerome Powell is expected to deliver new monetary policy cues later this week, but while many aren’t expecting the Fed chief’s remarks to be laced with the ‘pain’ warning from last year, there are concerns that he may raise the prospect of higher longer-term interest rates. According to Goldman …

Susan Collins of the Fed indicated on Thursday that the US central bank may be in a position where it doesn’t need to hike rates once more, while she left the door open for further action. These remarks had no immediate response from the US Dollar Index, which was last …