Market SnapshotBitcoin rose slightly on Wednesday, up 0.5% at $116,552, stabilizing after hitting a near one-month high on Tuesday. The move follows a broad improvement in risk appetite, with traders awaiting the U.S. Federal Reserve’s rate decision later today. Key Drivers 1. Fed Rate Cut Bets Markets expect at least …
Read More »Gold Pulls Back Slightly Ahead of Fed Decision
Gold prices slipped from record highs in Asian trading on Wednesday as investors turned cautious ahead of the U.S. Federal Reserve’s policy meeting later in the day. Spot Gold fell 0.4% to $3,673.38/oz by 02:40 ET (06:40 GMT), after touching a new all-time high of $3,702.95/oz on Tuesday. Gold Futures …
Read More »Will London Catch Up in the Global Crypto Race?
Recent developments suggest a significant shift in the United Kingdom’s approach to digital assets, driven by a new alignment with the United States. Following discussions between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent, a comprehensive agreement on digital asset cooperation is set to be announced. This move …
Read More »The FOMC Trade-off: Easing to Save Jobs, But Fuelling a Market Boom Instead
The Federal Reserve faces a dilemma it cannot easily escape. With the labor market slowing sharply and inflation refusing to settle, Chair Jerome Powell and fellow policymakers on the Federal Open Market Committee (FOMC) appear set to cut interest rates on Wednesday. Yet the very move designed to cushion the …
Read More »Why Is Gold Soaring Despite Recent Strong Economic Data?
The recent surge in gold prices to a new record high of $3,703 per troy ounce presents a striking paradox. This rally occurred even as robust U.S. economic data would typically prompt investors to move away from safe-haven assets and toward riskier, higher-yield investments. For instance, U.S. retail sales for …
Read More »Is Ending Quarterly Earnings a Risk Worth Taking?
US President Donald Trump has called for U.S. public companies to move from quarterly to semiannual earnings reporting. He argues that fewer reporting requirements would reduce regulatory burdens and allow corporate leaders to focus on long-term strategies. The Securities and Exchange Commission (SEC), under Chair Gary Gensler, has been tasked …
Read More »Market Drivers- US Session: Did the US Dollar’s Fall Ignite a Global Financial Reset?
The US Dollar Index (DXY) has recently fallen to lows not seen in months, a direct response to market expectations of further interest rate cuts by the Federal Reserve. This development isn’t just a minor blip on the financial radar; it is a profound signal that may reshape global economic …
Read More »EU Delays 19th Sanctions Package on Russia Amid U.S. Pressure
The European Union has postponed the adoption of its 19th sanctions package against Russia, reflecting divisions within the bloc and growing external pressure from Washington. Originally expected to be presented this week, the measures have been delayed indefinitely, with no clear date set for renewed discussions.The delay comes as U.S. …
Read More »Oil Prices Ease as Supply Concerns Clash with Oversupply Outlook
Prices Edge Lower After Recent Gains Oil prices slipped on Tuesday, consolidating after modest advances last week driven by concerns over potential disruptions to Russian supply. At 04:50 ET (08:50 GMT), Brent crude futures for November delivery fell 0.5% to $67.08 per barrel, while West Texas Intermediate (WTI) crude declined …
Read More »Dollar Slumps to Multi-Month Lows Ahead of Fed Rate Decision
Dollar Weakens on Fed Easing Bets The U.S. dollar extended its slide on Tuesday, retreating to multi-month lows against several major currencies as investors ramped up bets that the Federal Reserve will cut interest rates this week. The dollar index slipped to 97.121, its weakest level since July 7, pressured …
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