US Dollar Weakens on Yen Strength and Fed Rate Hike UncertaintyThe US Dollar weakened on Thursday as the Japanese Yen strengthened after a slightly hawkish tone from the Bank of Japan. The upcoming US labor market report on Friday is crucial for determining the Federal Reserve’s future rate hike path. …

Preparing for Market Volatility Ahead of the US Election As the US election approaches, investors are bracing for potential market moves and fluctuations. Preparing for these shifts involves several strategic steps to mitigate risk and capitalize on opportunities.One of the most important strategies is portfolio diversification. By spreading investments across …

The US Dollar weakened on Thursday, despite persistent inflationary pressures and lower-than-expected jobless claims. The Personal Consumption Expenditure (PCE) Price Index, a key inflation gauge, rose 2.1% year-over-year in September, while core PCE remained steady at 2.7%. Additionally, initial jobless claims declined to 216,000, defying market expectations of an increase.Market …

A Foggy Crystal Ball: Unraveling the October NFP ReportThe upcoming October Non-Farm Payroll (NFP) report is poised to provide a clearer picture of the US labour market, but the impact of recent hurricanes and labour strikes is expected to cloud the outlook. While economists anticipate a slowdown in job growth …

Gold prices, XAU/USD, experienced a sharp decline on Thursday, plummeting 1.5% after reaching a record high of $2,790. This sudden downturn can be attributed to several interconnected factors.Firstly, the surge in US Treasury bond yields has dampened gold’s appeal. Stronger-than-expected US employment data has fueled expectations of further interest rate …

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The EUR/USD pair rallied to a two-week high of 1.0890, fueled by a robust Eurozone economy and persistent inflationary pressures.Key Factors Driving the Rally:Eurozone GDP Growth: The Eurozone economy expanded at a faster-than-expected pace of 0.9% in the third quarter, with Germany avoiding a technical recession.Hotter-Than-Forecasted Inflation: Eurozone inflation accelerated …

The US dollar’s Pause: A Temporary Respite?The US Dollar Index (DXY) has recently shown signs of fatigue, retreating from its recent highs. Despite encouraging economic data, including strong job growth, the US dollar’s relentless ascent appears to be pausing.Key Economic Events to Watch – United StatesPersonal Consumption Expenditure (PCE) Price …

The US Dollar softened on Wednesday as mixed economic data emerged. While the ADP Employment Change report for September exceeded expectations, signaling robust job growth in the private sector, the downward revision to Q3 GDP growth tempered optimism. This conflicting data painted a nuanced picture of the US economy, leaving …

Gold, the timeless haven asset, has recently surged to unprecedented heights, reaching a record high of $2,790. This meteoric rise is a testament to its enduring appeal as a safe-haven asset during times of economic uncertainty and geopolitical turmoil.   Gold’s recent surge is a testament to its enduring appeal …