Bitcoin remained largely unchanged on Tuesday, staying within its recent trading range as traders weighed the growing uncertainty surrounding U.S. trade tariffs and economic growth, which kept risk appetite subdued. The world’s largest cryptocurrency was flat at $114,373.5 as of 00:57 ET (04:57 GMT), continuing its struggle to build on …
Read More »Gold Prices Steady as Markets Anticipate Fed Rate Cuts Amid Rising Trade Tensions
Gold prices held steady on Tuesday after three consecutive days of gains, buoyed by growing expectations that the Federal Reserve will implement a rate cut in September. This sentiment was further fueled by concerns over the U.S. economy and escalating trade tensions, which continue to provide support for safe-haven assets …
Read More »U.S. Dollar Stabilizes After Job Report and Fed Concerns
The U.S. dollar found some support on Monday after it fell sharply on Friday following a disappointing U.S. jobs report and President Donald Trump’s dismissal of a top statistics official. The combination of these events prompted investors to ramp up expectations of imminent rate cuts by the Federal Reserve. The …
Read More »BP Shares Rise Following Major Oil Discovery Offshore Brazil
Shares of BP (LON:BP) (NYSE:BP) rose on Monday after the energy giant announced a significant oil and gas discovery offshore Brazil, marking the company’s largest find in 25 years. The discovery was made in the Santos basin, located in a deepwater pre-salt region, which is known for being one of …
Read More »European Stocks Rise as Investors Digest U.S. Trade Volatility and Fed Rate Cut Hopes
European stocks opened the week on a positive note, buoyed by investor optimism as they continued to digest the volatility surrounding the Trump administration’s trade negotiations and the global growth outlook. At 03:05 ET (07:05 GMT), Germany’s DAX index rose by 0.3%, France’s CAC 40 gained 0.5%, and the UK’s …
Read More »Bitcoin and Crypto Market Overview
Bitcoin rose by 0.6% to $114,268.8, steadying after logging steep losses in the past week. Broader crypto prices showed marginal gains, attempting to recover from last week’s risk-off sentiment, with profit-taking still in play. Key Drivers: Soft U.S. Economic Data: Bitcoin and broader markets were rattled by soft U.S. payrolls …
Read More »Gold Prices Hold Steady Amid U.S. Labor Data, Trade Tensions
Spot Gold: $3,360.26 per ounce (unchanged) Gold Futures (December): $3,412.70 per ounce (up 0.2%) Key Highlights: Gold’s Recent Rally: Gold prices saw a 2% jump on Friday, recovering from earlier losses, thanks to weaker-than-expected U.S. labor data and expectations for interest rate cuts by the Federal Reserve. The U.S. nonfarm …
Read More »US NFP Rises by 73,000 in July, Falling Short of 110,000 Forecast
Job growth in the United States moderated in July, with nonfarm payrolls increasing by 73,000, according to data released Friday by the Bureau of Labor Statistics (BLS). The figure came in below market expectations, which had forecast a gain of 110,000. June’s job growth was also revised sharply downward to …
Read More »Eurozone Consumer Inflation Holds Steady in July
Annual CPI: 2.0% (unchanged from June) Core CPI (excluding food and fuel): 2.3% Month-on-Month CPI: 0.0% (flat after a 0.3% gain in June) Key Highlights: Inflation Dynamics: Inflation remains within the European Central Bank’s (ECB) target, easing pressure on policymakers for further rate cuts after the end of the easing …
Read More »U.S. Stock Futures Fall Amid Tariff Announcements and Earnings Reports
Market Overview: Dow Jones Futures: Down 375 points (-0.9%) S&P 500 Futures: Down 55 points (-0.9%) Nasdaq 100 Futures: Down 218 points (-0.9%) Key Developments: Tariff Announcements by Trump: President Trump signed an executive order imposing new tariffs, with some reaching as high as 50% on imports from dozens of …
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