Wall Street’s main indexes fell on Friday after Federal Reserve Chair Jerome Powell said there was no need to rush interest rate cuts, pushing up U.S. Treasury yields and pressuring equities. Powell pointed to ongoing economic growth, a solid job market, and inflation above the Fed’s 2% target as reasons …

The US Dollar surged on Friday, extending its winning streak to six consecutive days. This rally was primarily fueled by a shift in market sentiment following comments from Federal Reserve Chair Jerome Powell, who tempered expectations of an imminent interest rate cut.Powell’s hawkish tone, emphasizing the strength of the US …

Gold prices remained relatively unchanged on Friday, showing resilience despite the release of Retail Sales data in the United States. The precious metal, which had dipped to a two-month low the previous day, found support near its 100-day Simple Moving Average (SMA).While US Retail Sales data indicated continued consumer spending, …

The European Central Bank found itself at a crossroads during its October meeting, with policymakers divided over the evolving inflation landscape in the Eurozone. As the region grapples with sluggish economic growth, the central bank has been forced to navigate a delicate balancing act between stimulating growth and maintaining price …

Greenback Dominance Continues The US Dollar extended its rally on Thursday, hitting fresh 2024 highs. Despite a slight easing in US Treasury yields, the greenback remained resilient. This comes ahead of a busy economic calendar on Friday, with key US data releases expected to further influence market sentiment.Key Currency Pairs …

President Donald Trump could be considering his own favourite pick for the position of Federal Reserve Chairman other than Jerome Powell upon taking office next January to emphasize the constitutional responsibility of all executive branch officials to the president. The dispute arises from the Federal Reserve’s power over national monetary …

Certain stocks have been disappointed by Trump’s election-related gains; Tesla has lost 4.5% of its value since Election Day. Elon Musk’s business has grown to be a close buddy of Trump. Republicans may not instantly carry out their campaign pledges, even if they control the White House, Senate, and House …

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 …

A Perfect Storm for Gold Gold prices have taken a significant hit, plummeting nearly 7% in November, as a confluence of factors has eroded its appeal as a safe-haven asset. The recent US political landscape, coupled with economic and market dynamics, has created a perfect storm for the precious metal. …

Crude oil prices continue to face significant downward pressure as a confluence of bearish factors converge. The recent release of the International Energy Agency’s (IEA) monthly report has further dampened the outlook for 2025 oil demand, adding to the prevailing bearish sentiment.The IEA’s downward revision of its 2025 oil demand …