The USD/JPY currency pair rebounded sharply from a three-week low on Thursday, gaining over 150 pips after strong US economic data bolstered the US Dollar. The pair, which earlier dipped to around 146.22, surged to approximately 147.90 by the close of the American session, marking a 0.35% increase. This rally …
Read More »Inflation Surprise Dims Hopes for a September Rate Cut
President Donald Trump’s repeated demands for a September interest rate cut have hit a significant roadblock following the release of new data showing a sharp rise in July’s producer prices. The latest Producer Price Index (PPI) report, which measures the average change over time in the selling prices received by …
Read More »Silver’s Rebound Halted as Strong US Data Boosts Dollar
Silver (XAG/USD) saw its recent rebound stall, slipping to the $38.00 mark on Thursday as a resurgent US Dollar weighed on the precious metal. The decline follows the release of unexpectedly strong US economic data, which has led traders to reassess the likelihood of near-term interest rate cuts by the …
Read More »Wholesale Prices Surge as Tariffs Ripple Through US Economy
In July, US wholesale prices soared by 3.3% compared to the previous year, marking the largest increase since February and signaling that tariffs are increasingly impacting the American economy. The Producer Price Index (PPI), which tracks the prices domestic producers charge for goods and services, surged past June’s 2.4% annual …
Read More »A New Chapter for Bitcoin: Institutional Investment Rises
The financial world is undergoing a seismic shift, with digital assets like Bitcoin and Ethereum evolving from niche technologies to integral components of institutional investment portfolios. This transformation is not a fleeting trend but a fundamental re-evaluation of value and risk, driven by a confluence of macroeconomic factors and market …
Read More »Trump Outlines Economic and Diplomatic Views on Rate Cut, Ukraine Talks
President Donald Trump recently shared his views on both domestic economic policy and international diplomacy, touching on the ongoing conflict between Russia and Ukraine as well as the Federal Reserve’s interest rate policy.Regarding his efforts to broker peace between Russia and Ukraine, Trump indicated a second meeting with Russian President …
Read More »US Treasury Yields Plunge Amid Surging Bets on Fed Rate Cuts
US Treasury bond yields have been on a downward trajectory since Wall Street opened for trading, fueled by growing anticipation that the Federal Reserve will slash interest rates at its next policy meeting. This shift reflects broader market confidence in an easing monetary policy, driven by recent economic indicators signaling …
Read More »Gold Steadies Above $3,350 as Soft Dollar Counters Bullish Market Vibes
Gold prices are holding firm above the $3,350 mark, bolstered by a weakening US Dollar that is countering an overall optimistic mood in global markets. During the American trading session, the precious metal has edged up by 0.25%, consolidating after peaking at $3,370 earlier in the day. This stability comes …
Read More »Pound Surges Against Dollar as Fed Rate Cut Frenzy Ignores Sticky Inflation
The British pound is staging a robust comeback against the US dollar, climbing 0.56% to trade at 1.3572 after dipping to a low of 1.3487. This surge comes amid widespread weakness in the greenback, fueled by mounting expectations that the Federal Reserve will kick off a fresh round of monetary …
Read More »Sterling Surges: Dollar Weakness and UK Jobs Data Fuel Rally
The British pound climbed higher on Tuesday, capitalizing on a faltering U.S. dollar and bolstered by UK employment figures that defied grim expectations.The GBP/USD pair advanced to 1.3497, up from its previous close of 1.3431. During the session, the pair fluctuated, dipping to a low of 1.3420 before peaking at …
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