The British Pound (GBP) plummeted against the US Dollar (USD) on Thursday, shedding nearly 1% after the Bank of England (BoE) delivered a surprise interest rate cut. The GBP/USD pair tumbled to a low of 1.2359, reflecting the market’s reaction to the BoE’s unexpectedly dovish stance and subsequent forecasts of …

Gold’s relentless climb has propelled it to unprecedented heights, reaching a record peak. However, this impressive rally has also triggered overbought conditions, raising the specter of a potential pullback. While the long-term bullish trend remains intact, traders are now closely monitoring key support levels for signs of a potential correction. …

The USD/JPY currency pair experienced a significant drop, falling 1.13% to 152.59. This sharp decline occurred as the pair decisively broke through both the 200-day Simple Moving Average (SMA) and the Ichimoku Cloud (Kumo), signaling a strengthening downtrend and potential appreciation of the Japanese Yen.The 175-pip drop on Wednesday confirms …

Chicago Federal Reserve President Austan Goolsbee warned Wednesday that threats to supply chains, such as tariffs, pose a challenge to the Federal Reserve’s efforts to curb inflation. He emphasized the difficulty in predicting the impact of such disruptions and how they could complicate the Fed’s goal of achieving a 2% …

A surge of positive momentum swept across Wall Street on Wednesday, sending the Dow Jones Industrial Average soaring 200 points higher. This impressive rally was fueled by a potent cocktail of encouraging economic data and a resurgence of market optimism. Leading the charge was a surprisingly robust ADP National Employment …

BoE will likely decide to cut interest rates for the third time since the pandemic, with a 0.25 percentage point (25 basis point) reduction expected at its February meeting. This would lower the base rate from 4.75%. Easing inflation, slow economic growth, and a softening labor market support this move.The …

US stocks recovered from losses on Wednesday to close higher, fueled by a surge in Nvidia shares, even as Alphabet and AMD faced headwinds.   The tech-heavy Nasdaq Composite rose 0.2%, while the benchmark S&P 500 added 0.4%. The Dow Jones Industrial Average led the gains, rising 0.7%, or more …

The US dollar continues its decline since the start of Wednesday’s daily trading, affected by a drop in US Treasury yields, which continue to fall for the second day in a row. This comes due to statements from the Federal Reserve that favored the continuation of current interest rates for …

The European Central Bank (ECB) Governing Council member Mario Centeno has raised concerns about the growing risk of deflationary pressures within the Eurozone. He suggested that the ECB may need to lower interest rates below the neutral level to ensure inflation reaches and remains at the 2% target. Centeno stressed …

Dow Jones PerformanceThe Dow Jones Industrial Average (DJIA) is comfortably hovering around the 44,450 mark on Tuesday. Despite persistent trade tensions with China, the market has adjusted to the expected tariff breaks.Trade Tensions and Tariff SuspensionPresident Donald Trump has once again delayed nearly all of his recent trade war tariffs, …