The US Dollar rebounded from its 2024 lows on Thursday as risk sentiment weakened. Rising US Treasury yields also supported the Greenback, ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole.Key Economic Events Federal Reserve Chair Powell’s Speech: The speech will provide insights into the Fed’s monetary policy …

The United States, burdened by a staggering $28 trillion national debt, is facing a looming fiscal crisis. The increasing interest payments on this colossal debt, now surpassing defense spending, are a stark indicator of the nation’s precarious financial position. This escalating debt burden is a bipartisan legacy, with both recent …

Gold prices retreated from a record high of $2,531 as US Treasury yields rose, with the 10-year note up 6.5 basis points to 3.865%. This decline occurred despite dovish signals from the Federal Reserve.Gold prices declined amid rising US Treasury yields and a stronger US Dollar. While the Federal Reserve …

Fed Chair Jerome Powell is scheduled to deliver his most important speech of the year, raising concerns that the Fed may have delayed relieving pressure on the economy. In July, following the central bank’s decision to maintain interest rates, Fed Chair Jerome Powell addresses reporters at a news conference. Most …

The Dow Jones Industrial Average experienced a significant pullback on Thursday, August 22, 2024, as investors braced for Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Economic Symposium. The broader market, including the S&P 500 and Nasdaq Composite, also suffered losses, driven by rising bond yields …

Oil prices experienced a significant uptick on Thursday, August 22, as Saudi Arabia reported a substantial decline in its oil exports for the month of June. This marked the lowest export revenue for the country in three years, prompting fears of further OPEC intervention to stabilize the market. WTI is …

The Pound Sterling struggled to gain momentum against the U.S. Dollar on Thursday, despite positive UK economic data. The GBP/USD pair hovered just below 1.3100, suggesting that investors remain cautious about further gains due to uncertainty surrounding the Federal Reserve’s interest rate policy.A break above 1.3100 could lead to a …

The US Dollar continued its downward trend, reaching levels last seen in late December 2023. This decline was primarily fueled by growing expectations for a September interest rate cut, as indicated by the Federal Open Market Committee (FOMC) minutes. Key Economic Events:Jackson Hole : This influential economic gathering kicks off …

Wall Street closed modestly higher on Wednesday, with the S&P 500 and Nasdaq gaining over 0.4% and 0.5% respectively. The Dow Jones Industrial Average saw smaller gains of 0.14%. Advancing stocks outnumbered declining ones on both the NYSE and Nasdaq. The S&P 500 and Nasdaq set new 52-week highs, while …

On Wednesday, there was a sharp increase in the EUR/USD exchange rate, which culminated in fresh 13-month highs. Growing hopes that the Federal Reserve (Fed) would start a rate-cutting cycle in September are the main driver of this surge. These expectations were reinforced with the publication of the Fed meeting …