Strong US macroeconomic data, including US Retail Sales, above forecast, and an improvement in Industrial Production in August, has caused gold prices to decline. The US Dollar Index (DXY) increased by 0.21% to 100.92, which put pressure on the gold. The US Fed’s monetary policy decision on Wednesday is anticipated …

US Treasury yields increased after data revealed a boost in consumer spending in the United States during August, according to figures released on Tuesday by the US Bureau of Labour Statistics. The yield on the 10-year US Treasury note rose to 3.644% compared to the previous day’s close of 3.623%. …

US stocks began to show a mixed performance, leaning towards a decline, influenced by US retail sales data. This data highlighted the possibility of increased consumer demand and, subsequently, a return to higher inflation in the United States.Wall Street stocks had reached record highs on Tuesday before investors in the …

The EUR/GBP currency pair has been trading within a narrow range in recent sessions, with limited upward or downward momentum. However, there are emerging signs that bullish sentiment is gaining traction.Technically, the pair is currently trading slightly above the 20-day Simple Moving Average (SMA), which is converging at 0.8450. A …

The EUR/JPY pair experienced a significant uptick, surpassing the 157.00 mark, despite a disappointing ZEW economic sentiment survey from the Eurozone and Germany. This surge was primarily driven by the strengthening US dollar against the Japanese yen, influenced by positive US retail sales data.While the Federal Reserve’s upcoming monetary policy …

The selling sentiment that was undermining the dollar on Monday persisted, as traders continued to assign more weight to the possibility that the Fed might shock the markets by lowering interest rates by a half percentage point on Wednesday. For the third straight day, the US Dollar Index (DXY) fell, …

Amid increasing speculations that the Fed would cut interest rates by a larger margin later this week, gold prices hit a record high in Asian trade, earlier on Monday. Though Trump seemed uninjured, reports of a second attempt on the Republican presidential nominee’s life reportedly increased demand for safe haven …

As CAD traders braced themselves for a new batch of Canadian Consumer Price Index (CPI) inflation numbers due during the mid-week phase, the Canadian dollar lost ground at the beginning of the trading week, plunging into the low end on Monday across the major currency board. On Tuesday, the Bank …

As the Federal Reserve prepares to announce its interest rate decision, financial markets worldwide are on tenterhooks. The Dow Jones Industrial Average, tantalizingly close to record highs, reflects the widespread anticipation for a significant rate cut. Investors hope this move will provide a much-needed boost to the faltering economy.Fed’s Looming …

As the Federal Reserve prepares to cut interest rates, investors are eagerly anticipating a broader market recovery. While the Fed’s actions will undoubtedly provide a supportive environment, it’s crucial to recognize that earnings growth is the true catalyst for the S&P 500’s rebound.Beyond Big Tech: A Broad-Based RallyWhile Big Tech …