The World Bank predicts that the prolonged conflict in the Middle East will lead to a sharp increase in the price of commodities, especially natural gas and oil. Since the conflict began, energy prices have already increased by 9%, and there may be more shocks ahead. This scenario is similar …

The general business activity index in the Dallas Fed’s Texas Manufacturing Outlook Survey (TMOS) decreased by 1.1 points in October, marking the second consecutive month of declines. However, the production index showed growth in Texas factory activity after four months in negative territory. The capacity utilization index also showed a …

The Japanese Yen has seen a rebound ahead of the weekend, with the pair gaining strength against the US Dollar after Tokyo inflation data increased expectations that the Bank of Japan will tighten its monetary policy. The release of Tokyo CPI ex Fresh Food data in October saw the Yen …

September saw underlying price gains, but not enough to cause the central bank to hike interest rates the following week. The summertime decline in inflation slowed last month. However, recent improvements in inflation have allowed Fed policymakers to decide to keep interest rates unchanged at their meeting next week.The Fed’s …

Gold price rallies to $2007.75 per troy ounce, bouncing back from daily lows of $1976.97. Escalating Middle East conflict and Israel military expanding its operations in Gaza.Gold price finally broke the $2000 troy ounce barrier on Friday amidst increasing geopolitical risks, as the conflict between Israel and Hamas is at …

WTI is seeing some back-and-forth for Friday. US Crude Oil barrels bounding between $85.00 and $83.00 per barrel. Oil markets remain concerned about Middle East tensions, but global slowdown hard to ignore.Crude Oil barrels are seeing some tension in the midrange on Friday, in play between $85.00 and $83.00 USD …

Compared to its competitors, the US dollar is trading softly and appears to be consolidating its gains from the previous session. At 3.7% YoY, the Core PCE for September fell short of forecasts.US bond yields are fluctuating, and dovish Fed bets are still very popular. The FOMC decision is now …

Gold price continued to consolidate after the US core PCE inflation reading remained in line with estimates. The downside in the gold price remains cushioned by escalating tensions in the Middle East.US Yellen sees Treasury yields elevated on Fed’s “higher for longer” interest rates outlook. Gold price trades back and …

The US economy expanded at an annualized rate of 4.9% during the third quarter, surpassing market consensus of 4.2%. The report also revealed a lower-than-expected core Personal Consumption Expenditure (PCE) price index, which increased demand for bonds. Other data showed a rise in Continuing Jobless claims to 1.79 million, reaching …

EUR/USD experienced a daily low of 1.0521 and recovered towards the 20-day SMA, around 1.0560. The Euro faced selling pressure after the ECB held rates steady, and Christine Lagarde acknowledged the Eurozone’s economic struggles. The USD gained momentum on strong Q3 GDP data, but lower US yields limited the upwards …