The upcoming October jobs report is poised to significantly influence the trajectory of the U.S. economy and financial markets. A robust employment figure could potentially delay the Federal Reserve’s plans to ease monetary policy through interest rate cuts. Such a development would ripple through various sectors, with small-cap stocks, particularly …

Gold, the timeless safe haven, has been on a dazzling run this year. However, recent market trends suggest a potential pause in its upward trajectory. As U.S. Treasury yields rise and the dollar strengthens, gold’s allure as a safe-haven asset may diminish.Tug-of-War Between Bulls and BearsThe Federal Reserve’s monetary policy …

China’s central bank, the People’s Bank of China (PBOC), has introduced a new lending tool to inject liquidity into the market and bolster the economy. This move comes as billions of yuan in medium-term loans are set to mature by the end of the year.The new tool, an open market …

Gold prices dipped slightly on Friday as investors took profits following a recent surge driven by Middle East tensions and U.S. election uncertainty. Despite this, palladium prices continued to climb, hitting a 10-month high.Spot gold fell 0.1% to $2,734.25 per ounce, after reaching an all-time high of $2,758.37 on Wednesday. …

The EUR/GBP pair has been consolidating in a narrow trading range for the past week, unable to break out of its recent price channel. While there have been brief periods of upward movement, overall momentum remains sluggish. The pair is currently trading below its 20-day Simple Moving Average (SMA), suggesting …

Speaking on the sidelines at the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) on Wednesday, European Central Bank (ECB) President Christine Lagarde noted that they need to be cautious when asked about market expectations for further rate reductions.“We need to be cautious …

In a move that aligned with market expectations, the Bank of Canada (BoC) today announced a significant 50-basis-point reduction in its key interest rate. The decision, which brings the policy rate down to 3.75%, was made at the central bank’s meeting on Wednesday.In its accompanying statement, the BoC indicated that …

The e Bank of Canada is poised to announce its interest rate decision and release its updated monetary policy report on Wednesday. Market participants are keenly anticipating the central bank’s actions, as a rate cut is widely expected to stimulate economic growth and provide relief to borrowers.One of the primary …

The US Dollar continued its upward trajectory, reaching new highs as investors weighed the potential impact of a “Trump trade,” further Fed easing, and upcoming US economic data. Key events for Wednesday, October 23, include the release of US mortgage applications, existing home sales, and the EIA’s crude oil inventory …

The Federal Reserve has signaled future interest rate cuts, but some members are urging caution as economic data continues to roll in. Investors are anticipating cuts at the next two Fed meetings, aligning with the central bank’s projections. However, comments from regional Fed presidents suggest the pace of cuts might …