Forex Market

Expectations of a rate cut by the Federal Reserve in November and declining US Treasury yields propel gold to a new all-time high. S&P Global Flash PMIs show that while the manufacturing sector is resilient, the US economy is not as strong in the manufacturing sector.While retaining policy flexibility and …

Monday saw a temporary extension of the euro’s slide versus the US dollar as business activity figures for the euro zone economy disappointed. Prior to this, US statistics had indicated that activity remained stable. With markets already putting in a roughly 77% possibility for a cut of at least 25 …

Crude Oil advances higher after US PMI’s lead the way. Euopean PMI data shows a substantial decline in Services and Manufacturing activity in the region. The US Dollar Index strengthens on Monday, with European investors heading into the safe haven US dollar. Crude Oil makes a run for it and …

The euro experienced a sharp decline against the dollar on Monday as recent business activity data painted a gloomy picture of the euro zone’s economic health, heightening expectations that the European Central Bank (ECB) may resort to more policy easing later this year. The common currency dropped by 0.6% to …

Business activity in the euro zone saw an unexpected and sharp contraction this month, as the bloc’s dominant services sector stagnated, and the manufacturing downturn accelerated, according to data released on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 48.9 in September …

Oil prices edged higher on Monday, driven by concerns over potential supply disruptions in the Middle East and optimism that the U.S. Federal Reserve’s significant interest rate cut last week would support demand. Brent crude futures for November delivery rose 22 cents, or 0.3%, to $74.71 a barrel by 0705 …

  Fed’s Aggressive Rate Cut Signals a New Era Last week, the Federal Reserve made a significant move by cutting its policy rate by a substantial 0.5%. This marked a significant departure from its previous stance of aggressive rate hikes aimed at curbing inflation. The larger-than-expected cut signals a critical …

Market Drivers: US Session, September 20 US Dollar Strengthens Amidst Fed Rate Cut and Economic OptimismThe US Dollar gained momentum following the Federal Reserve’s interest rate cut, reflecting growing market optimism about the US economy. The New York Fed’s Nowcast model projects robust economic growth in the third and fourth …

Following the half-percentage-point interest rate cut by the Federal Reserve less than two months before the November election, Republican presidential nominee Donald Trump is not holding back in his criticism of the institution. In an interview with Newsmax on Thursday, the former president stated, “It really is a political move.” …

The recent earnings report from FedEx has sent shockwaves through the financial markets, raising serious concerns about the health of the broader economy. The company, often considered a bellwether for the US and global economies, has reported weaker-than-expected results, primarily due to a decline in industrial shipments. This article will …