Bank of England (BoE) Monetary Policy Committee member Swati Dhingra has articulated a critical perspective on the limitations of monetary policy in the face of escalating global trade disruptions. Her analysis emphasizes that central banks, while essential, cannot solely address the inflationary pressures stemming from systemic price shocks within key …
Read More »Tech stocks rebound ahead of Nvidia’s earnings
The “Magnificent Seven” group of major technology stocks experienced a period of volatility, with a slight rebound on Wednesday following a dip into correction territory on Tuesday. This fluctuation reflects growing market anxieties surrounding the tech sector, particularly concerns about slowing earnings growth and the evolving economic landscape of artificial …
Read More »GBP/USD Climbs to 10-Week High Amidst Optimistic Market Conditions
The GBP/USD exchange rate has surged to a fresh 10-week high, nearing the pivotal 1.2700 level, fueled by a prevailing sense of market optimism and a notable absence of disruptive negative news. This upward trajectory reflects a growing confidence in the Pound Sterling, underpinned by perceived stability within the UK’s …
Read More »Rate Cut Speculation vs. Yield Surge: EUR/USD in Turmoil
EU R/USD is under pressure, trading below 1.0500, as the US Dollar strengthens alongside rising US Treasury yields. This movement follows the US House of Representatives’ approval of a $4.5 trillion tax cut plan on Tuesday.Market focus now shifts to key economic data releases: the preliminary German Harmonized Index of …
Read More »U.S. Stock Futures Rise Ahead of Nvidia Earnings, AI and Economic Concerns in Focus
U.S. stock futures edged higher on Wednesday as investors prepared for the highly anticipated fourth-quarter earnings report from Nvidia (NASDAQ: NVDA), a key player in the artificial intelligence boom. Market Overview As of 06:37 ET (11:37 GMT), the Dow Jones Industrial Average futures gained 134 points (0.3%), S&P 500 futures …
Read More »Gold Prices Steady Amid Safe-Haven Demand, Copper Rises on Chile Supply Concerns
Gold prices remained stable in Asian trading on Wednesday, holding near recent record highs as safe-haven demand persisted despite some profit-taking. Meanwhile, copper prices surged due to a major power outage in Chile, which raised concerns over supply disruptions. Gold Market Overview Spot gold traded at $2,916.06 per ounce, while …
Read More »Oil Prices Hover Near Two-Month Lows Amid Russia-Ukraine Peace Prospects
Oil prices remained under pressure on Wednesday, trading near two-month lows as growing optimism over a potential peace deal between Russia and Ukraine weighed on the market. However, a decline in U.S. crude stockpiles provided some support, limiting further losses. Market Performance By 11:42 GMT, Brent crude edged lower by …
Read More »Bitcoin Hits Three-Month Low Amid Tariff Concerns and ETF Outflows
Bitcoin extended its losing streak into a fourth straight session on Wednesday, falling 3.6% to $88,706.9 and briefly touching $86,000, its lowest level in three months. The cryptocurrency market remains under pressure due to: U.S. trade tariff concerns, sparked by former President Donald Trump’s tariff threats on Canada, Mexico, and …
Read More »Trump widens scope of tariffs, but pushes back timeline
US President Donald Trump hit markets with fresh tariff headlines on Wednesday, re-reiterating his insistence on 25% tariffs on Canada and Mexico, as well as adding the European Union to the mixed bad of countries that he will penalize US consumers for importing from.Despite a fresh doubling down on his …
Read More »Dollar Wobbles as Trade Tensions and Economic Worries Mount
The US dollar is facing mounting pressure, with the US Dollar Index (DXY) retreating to around 106.30. This decline reflects a confluence of factors, including escalating trade tensions, particularly with China, and growing concerns about the health of the US economy. The Trump administration’s recent signals of potentially tighter tariffs …
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