Forex Market

The nomination of Kevin Warsh as the next chair of the Federal Reserve could signal a dramatic shift in the U.S. central bank’s approach to interest rates, even amid rising global oil prices triggered by the conflict in Iran. If confirmed by the Senate, Warsh would replace Jerome Powell when …

The latest report from the United States Department of Labor reveals that initial jobless claims remained stable at 213,000 for the week ending February 28, slightly below expectations of 215,000. This figure matches the previous week’s revised number, signaling a consistent trend in new unemployment filings.Meanwhile, the four-week moving average …

February US payrolls indicate a continued stabilization in the labor market, supporting expectations that the Federal Reserve will maintain its current interest rate stance. Nonfarm payrolls (NFP) are estimated to have slowed to 60,000 new jobs in February, down from January’s unexpectedly strong gain of 130,000. Private sector jobs contribute …

Gold prices traded largely flat on Thursday, giving up earlier gains as the U.S. dollar rebounded, while ongoing conflict in the Middle East continued to support safe-haven demand for the precious metal. By 01:31 ET (06:31 GMT), spot gold was little changed at $5,142.98 per ounce, after climbing nearly 1% …

European stocks traded lower on Thursday as investors cautiously monitored the escalating conflict in the Middle East, which has now entered its sixth day and continues to fuel uncertainty across global markets. By 03:02 ET (08:02 GMT), Germany’s DAX fell 0.4%, France’s CAC 40 declined 0.4%, and the UK’s FTSE …

A widespread power outage struck most of Cuba on Wednesday, including the capital Havana, after a failure at the country’s largest thermoelectric plant, highlighting the fragile state of the island’s electricity system. State power utility Unión Eléctrica (UNE) said the blackout was triggered by an unexpected shutdown at the Antonio …

Global markets are entering a critical phase as investors brace for the release of the U.S. non-farm payrolls report for February. Despite escalating geopolitical tensions in the Middle East, employment data remains one of the most powerful drivers of market sentiment, shaping expectations for economic momentum and future interest-rate decisions.The …

Gold and silver rebounded strongly as escalating geopolitical tensions pushed investors back toward traditional safe-haven assets. After days of heavy volatility, renewed uncertainty revived demand for precious metals, reinforcing their role as protection during periods of global stress.Gold prices climbed back above $5,100 per ounce, recovering from a sharp pullback …

Economic activity in the U.S. services sector gained notable momentum in February, signaling renewed strength in the largest part of the American economy. The latest Services Purchasing Managers’ Index climbed to 56.1, up sharply from January’s reading and well above market expectations, pointing to a solid expansion in business activity.The …

The U.S. administration struck an optimistic tone on the outlook for jobs, trade, and energy markets, even as global tensions and market volatility remain elevated. Recent comments from Scott Bessent offered a broad view of how policymakers see the economy evolving in the months ahead.On employment, officials expressed confidence that …