A report, by Credit Agricole Bank, contains expectations for the price movement of the Australian dollar in light of the monetary policy rhetoric that has been adopted by the interest rate statement by RBA and the statements of the central bank’s Chair following the announcement of keeping rates unchanged last …

Along with a respectable increase in US rates, the US dollar recovered some of the ground it had lost during Monday’s dismal session, and investors’ forecasts of a September and December rate drop remained unchanged. A modest increase in US rates helped the USD Index (DXY) overcome its Monday decline …

Mixed performance was the expression that best describes Tuesday’s US stock market. The S&P 500 had a little increase, but the tech-heavy Nasdaq Composite saw a roughly 1% increase. Still, the Dow Jones Industrial Average dropped by almost 1%. This uneven performance came after the IT industry, especially Nvidia, a …

In 2024, the Federal Reserve changed its position on interest rates dramatically. The salient features are as follows: Rate-cut hopes are dampened by persistent inflation. Due to the ongoing high pace of inflation, initial expectations of three rate decreases this year have been drastically reduced. Fed officials who have previously …

Tesla has topped the auto industry in profit per vehicle for the year through March, with Tesla’s net profit being the highest among top automakers. Nine of 12 top global automakers made more money per vehicle in the year ended March than the previous year due to recovering supply chains …

Gold CFDs are -0.40% down, trading at $2323.40 and spot gold is -0.45% down, trading at $2323.97 at the time of writing. As traders await additional information and news before taking positions, the gold market is experiencing a muted sentiment. Further hints regarding the direction of US interest rates—which are …

The recent price surge in crude oil is a result of a combination of factors, including positive demand signals from the US and escalating geopolitical tensions in the Middle East and Ukraine. Unexpected draws in U.S. oil inventories and improved gasoline demand have painted a brighter picture for crude, while …

According to Fed official Mary Daly, higher interest rates are still required to reduce inflation and demand in the US economy. Though it’s unclear which scenario is more plausible, Daly thinks the Fed is prepared to act in response to both a deteriorating labour market and inflation staying above its …

Canada is considering imposing new import tariffs on electric vehicles from China. This move aligns with Canada’s efforts to secure a significant role in the global electric car supply chain. Deputy Prime Minister Chrystia Freeland cited concerns about China’s excess production of electric vehicles, which Canada argues creates unfair competition …

Gold is benefiting from a weaker US Dollar, edging up by 0.45% amidst firm US Treasury bond yields. Investors are closely watching the upcoming PCE The Federal Reserve’s favoured inflation indicator, the PCE Price Index, is expected soon, and investors are eagerly monitoring it since it may affect expectations for …