General

The Federal Reserve’s decision to implement a 25-basis-point interest rate cut, as widely anticipated, failed to buoy U.S. stock markets. Instead, the central bank’s economic projections, which signaled a more gradual pace of future rate reductions, dampened investor sentiment.The Fed’s summary of economic projections (SEP) indicated that policymakers expect a …

Last Monday, the Nasdaq temporarily surpassed the 20,000 mark, marking a new milestone. Strong economic growth, increasing corporate earnings, moderate inflation, and the beginning of central bank easing have been the stock market’s winning formula this year. There is still some doubt regarding central banks’ next course of action as …

gg

Gold prices inched closer to record highs on Tuesday, driven by uncertainty over the upcoming 2024 U.S. presidential election and critical economic reports that are likely to shape Federal Reserve rate decisions. As of 07:00 ET (11:00 GMT), Spot gold rose 0.3% to $2,750.25 an ounce, while December gold futures …

Gold prices dipped slightly on Friday as investors took profits following a recent surge driven by Middle East tensions and U.S. election uncertainty. Despite this, palladium prices continued to climb, hitting a 10-month high.Spot gold fell 0.1% to $2,734.25 per ounce, after reaching an all-time high of $2,758.37 on Wednesday. …

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 …

Global financial markets ended the week ending October 11 with risk assets prevailing over safe haven assets after successive batches of US inflation data highlighted a decline in price growth that would weigh heavily on interest rate cuts in the coming period. Markets are also awaiting developments in monetary policy …

The Dow Jones Industrial Average (DJIA) continued its impressive ascent, reaching a fresh all-time high on Friday as investors cheered a combination of favorable economic indicators and robust corporate performance. The benchmark index closed the day with a gain of over 400 points, reflecting a growing optimism about the overall …

Testing

Global equities fell for the second straight session on Friday, despite being up for the week, mostly because of weakness in technology shares. On Monday, the starting reading of 105.52 on the Dollar Index saw it rise to its highest level since early May, closing the trading week at 105.83. …