Oil prices slipped on Wednesday, retreating from gains made in the previous session, as traders balanced geopolitical risks with expectations of an imminent U.S. interest rate cut. Brent crude futures fell 0.9% to $67.85 a barrel by 10:42 GMT, while U.S. West Texas Intermediate futures dropped 1% to $63.89. Both …
Read More »Bitcoin Holds Steady Ahead of Fed Decision
Market SnapshotBitcoin rose slightly on Wednesday, up 0.5% at $116,552, stabilizing after hitting a near one-month high on Tuesday. The move follows a broad improvement in risk appetite, with traders awaiting the U.S. Federal Reserve’s rate decision later today. Key Drivers 1. Fed Rate Cut Bets Markets expect at least …
Read More »European Stocks Edge Higher as Fed Decision Looms
European equities traded cautiously higher on Wednesday morning, as investors braced for the Federal Reserve’s policy announcement and Jerome Powell’s speech, which could set the tone for global markets. Key Market Moves STOXX 600: up 0.1% at 551.58, recovering from a one-week low. Sector Drivers: Technology led gains, with SAP …
Read More »Gold Pulls Back Slightly Ahead of Fed Decision
Gold prices slipped from record highs in Asian trading on Wednesday as investors turned cautious ahead of the U.S. Federal Reserve’s policy meeting later in the day. Spot Gold fell 0.4% to $3,673.38/oz by 02:40 ET (06:40 GMT), after touching a new all-time high of $3,702.95/oz on Tuesday. Gold Futures …
Read More »Will London Catch Up in the Global Crypto Race?
Recent developments suggest a significant shift in the United Kingdom’s approach to digital assets, driven by a new alignment with the United States. Following discussions between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent, a comprehensive agreement on digital asset cooperation is set to be announced. This move …
Read More »Looming FOMC Decision Puts an End to Wall Street’s Record-Breaking Spree
The global financial community is fixated on the Federal Reserve’s policy meeting, which has brought a pause to Wall Street’s record-setting momentum. Following a strong Monday that saw the S&P 500 and Nasdaq Composite reach fresh all-time highs, U.S. markets pulled back on Tuesday. The S&P 500 closed 0.13% lower, …
Read More »The FOMC Trade-off: Easing to Save Jobs, But Fuelling a Market Boom Instead
The Federal Reserve faces a dilemma it cannot easily escape. With the labor market slowing sharply and inflation refusing to settle, Chair Jerome Powell and fellow policymakers on the Federal Open Market Committee (FOMC) appear set to cut interest rates on Wednesday. Yet the very move designed to cushion the …
Read More »Why Is Gold Soaring Despite Recent Strong Economic Data?
The recent surge in gold prices to a new record high of $3,703 per troy ounce presents a striking paradox. This rally occurred even as robust U.S. economic data would typically prompt investors to move away from safe-haven assets and toward riskier, higher-yield investments. For instance, U.S. retail sales for …
Read More »Is Ending Quarterly Earnings a Risk Worth Taking?
US President Donald Trump has called for U.S. public companies to move from quarterly to semiannual earnings reporting. He argues that fewer reporting requirements would reduce regulatory burdens and allow corporate leaders to focus on long-term strategies. The Securities and Exchange Commission (SEC), under Chair Gary Gensler, has been tasked …
Read More »Market Drivers- US Session: Did the US Dollar’s Fall Ignite a Global Financial Reset?
The US Dollar Index (DXY) has recently fallen to lows not seen in months, a direct response to market expectations of further interest rate cuts by the Federal Reserve. This development isn’t just a minor blip on the financial radar; it is a profound signal that may reshape global economic …
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