Forex Market

Gold prices eased slightly on Friday but remained on track for strong gains in August, driven by growing expectations of a September rate cut by the Federal Reserve. Spot gold: $3,409.89/oz (-0.2%) Gold futures (October): $3,469.92/oz (-0.1%) August performance: Up 3.7%, approaching April record highs Drivers of gold strength: Dollar …

The U.S. dollar wavered on Friday, heading for a 2% decline in August against major currencies, as markets weighed rising expectations of a Federal Reserve interest rate cut next month against concerns over the central bank’s independence. President Donald Trump’s attempts to influence monetary policy, including firing Fed Governor Lisa …

Oil prices fell in Asian trading on Friday, reversing some of Thursday’s gains, amid fading hopes for a Russia-Ukraine peace deal and renewed focus on U.S. tariffs on India. Brent October futures dropped 0.8% to $68.10/barrel. WTI crude futures fell 0.7% to $64.14/barrel. Both contracts are on track for monthly …

Inflation likely remained higher than the Federal Reserve’s target in July, according to a survey of economists. The widely watched report from the Bureau of Economic Analysis is expected to show that consumer prices, as measured by the Personal Consumption Expenditures (PCE) index, rose by 2.6% over the past year—the …

A curious paradox exists in modern economic reporting: rising consumer debt is often presented as a sign of economic confidence. Analysts and media outlets frequently cheer as households borrow more, framing it as a signal of optimism and a willingness to spend. However, a closer look at the data reveals …

The Japanese Yen is on a winning streak, pulling the USD/JPY currency pair below the key 147.00 psychological level. This recent slide is driven by a surprising tug-of-war between two of the world’s most influential central banks. While strong US economic data might suggest a robust dollar, the currency is …

Gold prices have surged, reaching a five-week high above $3,400, as market attention shifts from robust economic data to rising political uncertainty surrounding the Federal Reserve. Despite strong indicators of a resilient U.S. economy, safe-haven demand for the precious metal is dominating market sentiment. The rally is being fueled by …

A recent lawsuit filed in federal court is challenging President Donald Trump’s decision to fire Federal Reserve Governor Lisa Cook. The lawsuit names both the president and Fed Chair Jerome Powell as defendants.Cook’s lawsuit argues that the president’s action was “unprecedented and illegal” and that there was no “cause” for …

The U.S. economy is proving to be far more resilient than initially thought. Recent data from the Bureau of Economic Analysis shows a significant upward revision to the second-quarter growth rate, with the Gross Domestic Product (GDP) now estimated to have grown at an annual rate of 3.3%. This figure …

The British Pound is on the move, gaining against the US Dollar despite strong economic signals from the United States. While US GDP growth smashed expectations, a cooling labor market and persistent inflation in the UK are giving the pound an edge. This unexpected dynamic has many analysts questioning why …