Market Update

XAU/USD reacts with a sharp drop, testing the S1 daily pivot point, while US Treasury yields and the greenback see upward movement. Fed officials unanimously aim to achieve the 2% inflation target, but divisions emerge on the path forward.Gold price struggles after the latest Federal Reserve’s meeting minutes showed board …

Federal Reserve released the minutes from its July 25-26 meeting. The minutes showed most fed officials saw a “significant” upside risk to inflation. US Dollar rises modestly after the minutes. The US Dollar rose modestly after the minutes, reaching fresh highs against the EUR, AUD, NZD, CAD, and JPY. The …

Dow Jones declines on Wednesday amid a more pessimistic market outlook. Intel ends plans to buy China’s Tower Semiconductor. Dow component The Home Depot spiked on consensus earnings beat on Tuesday. Cisco reports earnings after Wednesday close, Walmart reports earnings results on Thursday.July US Retail Sales on Tuesday showed strong …

Investors await the Fed’s latest FOMC meeting minutes after several regulators have comments on the current state of inflation and the importance of data-driven decision-making on interest rates going forward.A lot of what investors think the minutes will reflect today is consensus view from the officials and whether or not …

As investors wait for the Fed minutes, gold is trading at approximately $1,900.00. The US Dollar benefits from the durability of the US economy and a downturn in China. Strong pay growth-driven consumer spending momentum could keep US core inflation stable.As investors wait for the FOMC minutes to provide direction …

The Pound Sterling climbs above 1.2750 after mixed United Kingdom inflation data for July. Monthly headline inflation contracted by 0.4%, slower than expectations of 0.5%. In June, headline CPI expanded by 0.1%.The UK Pound starts moving as core inflation supports further policy tightening. UK’s core inflation remains stronger due to …

The pound was set to post its biggest one-day gain in nearly two weeks on Wednesday after data showed Britain’s core inflation remained high in July, while the yuan fell to a nine-month low as concerns mounted of a further slowdown in growth. The pound sterling rose in the latest …

Official data revealed on Wednesday that inflation in Britain slowed as expected in July to its lowest annual rate since February 2022, despite more indicators monitored by the Bank of England that reflect pressure on commodity and services prices. The Office for National Statistics said annual consumer price inflation slowed …

Oil prices turned lower on Wednesday, extending the previous session’s 1 percent loss, as weak economic data from China outweighed tight US crude supplies. Brent crude futures fell 21 cents to $84.68 a barrel at 0249 GMT, while US West Texas Intermediate crude fell 20 cents to $80.79. Both benchmarks …

European stocks opened lower on Wednesday, with miners exposed to China leading losses after weak economic data from Beijing, while British stocks were pressured by a larger-than-expected headline inflation reading. And by 0708 GMT, the pan-European Stoxx 600 index was down 0.2%, after closing at its lowest level in more …