The U.S. dollar steadied on Thursday, consolidating in a volatile week as investors weighed softening labor market data and ongoing fragility in global bond markets, reinforcing expectations that the Federal Reserve will cut rates this month. Labor Market in Focus Data on Wednesday showed job openings fell to a 10-month …
Read More »European stocks steady amid bond market jitters
European shares held steady on Thursday as investors remained cautious in the face of renewed volatility in government bonds, while a sharp profit warning from British airline Jet2 weighed on the travel and leisure sector. The pan-European STOXX 600 was flat at 546.93 points by 07:22 GMT after a choppy …
Read More »Gold Hits Record High as Tariff Uncertainty and Fed Rate Cut Bets Fuel Rally
Gold prices ease on profit-taking after record highs, dollar steadies ahead of U.S. labor data Gold prices retreated in Asian trading on Thursday, weighed down by profit-taking after a string of record highs above $3,500 per ounce. The pullback came as the U.S. dollar stabilized, with traders awaiting key labor …
Read More »Gold and Silver Surge as Labor Market Falters As Dollar Faces Mounting Pressure
Gold soared to $3,559.26 per troy ounce, up 0.73%, on September 3, 2025, hitting record highs after the U.S. JOLTS report revealed a steep drop to 7.181 million job openings in July, below the forecasted 7.4 million. The U.S. Dollar Index (DXY) slid 0.20% to 98.11, weakening against major currencies …
Read More »US Labor Market Weakness Fuels Dollar’s Decline – A Fed Reckoning Looms
The U.S. Dollar Index (DXY) fell 0.18% to 98.126 on September 3, 2025, retreating from a daily high of 98.635 as the JOLTS report revealed a sharp drop to 7.18 million job openings, missing expectations of 7.4 million. This labor market stumble, the weakest since the pandemic, intensified pressure on …
Read More »Will OPEC+ Boost Oil Production Again This Sunday?
Global energy markets are on edge as OPEC+, the alliance of major oil-producing nations, gears up for an online meeting this Sunday to set October’s production levels. With Brent crude prices hovering around $68 per barrel, the group faces a critical dilemma: ramp up output to reclaim market share or …
Read More »Eurozone Growth Remains Modest in August
The eurozone economy extended its modest expansion in August, with the HCOB Eurozone Composite Purchasing Managers’ Index (PMI) inching up to 51.0 from 50.9 in July, according to S&P Global data released Wednesday. PMI at 12-Month High, But Growth Still Weak The August figure marked the highest level in a …
Read More »OPEC+ Meeting in Focus as Oil Prices Climb
The global oil market is experiencing a significant upturn, with prices for both major benchmarks, West Texas Intermediate (WTI) and Brent Crude, showing strong gains. WTI Crude futures are trading at $65.56, up over 2.4% today, while Brent Crude is hovering around $69.05, also marking a notable increase. This rally …
Read More »Market Drivers -US Session: Are Two Fed Rate Cuts Enough to Reignite the Dollar?
The US Dollar (USD) is showing signs of life, snapping a five-day losing streak and climbing to multi-day highs on Tuesday. This sudden reversal is driven by a market reassessment, as investors begin to factor in the possibility of at least two interest rate cuts from the Federal Reserve later …
Read More »Tale of Two Commodities: Gold and Silver Write New History in Trading
In a historic moment that has reshaped global markets, gold and silver have embarked on a breathtaking ascent, reaching peaks not seen in decades and reasserting their role as guardians of wealth in the face of economic and geopolitical storms. This astonishing performance isn’t just a fleeting spike; it’s the …
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