Market Update

Gold prices rose to near record highs on Thursday after the Federal Reserve raised interest rates by 25 basis points and hinted it might hold off on further hikes. And by 0035 GMT, gold in spot transactions rose 0.8 percent to $ 2055.54 an ounce, and US gold futures rose …

The spotlight now shifts to the European Central Bank following Wednesday’s rate hike in the United States. Building permits data from New Zealand, trade balance data from Australia, and the Chinese Caixin Manufacturing PMI are all scheduled to be released during the Asian trading session.Key DevelopmentsInterest rates increased by 25 …

Following the Federal Reserve’s decision to increase interest rates to their highest level since 2007, another US bank is on the verge of failure. The potential sale is one of the strategic options PacWest Bancorp is considering. The fact that PacWest’s shares are down more than 50% in after-market trading …

Following a fresh GDP report that exceeded expectations, stocks continued their upward trend on Thursday, with the Dow rising by almost 400 points. Following the widely anticipated Federal Reserve rate increase of 25 basis points on Wednesday, stocks experienced a small decline. The central bank also hinted through a revision …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 25 basis points to the range of 5-5.25% following the May policy meeting.The US dollar and the Dollar Index (DXY) struggled to find demand during the American trading hours on …

The US Federal Reserve (Fed) announced on Wednesday that it raised the policy rate, federal funds rate, by 25 basis points to the range of 5-5.25% following the May policy meeting. This decision came in line with the market expectation. As anticipated, the Fed increased its policy rate by 25 …

EUR/USD rebounds after hitting weekly low, ahead of Fed, ECB policy decisionsThe EUR/USD pair rebounds after hitting a weekly low of 1.0942 on Tuesday, as traders brace for the Federal Reserve and the European Central Bank (ECB) monetary policy decisions today and on May 4. The US ADP Employment report …

Private hiring in the US increased more than expected, and the USD/JPY sawsawed before slipping. Despite a moderate hiring pace in April, the ISM Non-Manufacturing PMI rises. Traders pay close attention to Powell’s news conference and the US Federal Reserve decision.In the midst of a mixed market climate caused by …

Ahead of the US Federal Reserve’s interest rate decision, the price of gold surpassed the $2,000 level. Now, economists and analysts are concentrating on how the policy announcement might affect the precious metal, which is currently trading at $2025.75 per ounce. The Fed will continue raising rates after the one …

U.S. private employers boosted hiring in April, but there are signs that the labor market is slowing amid higher interest rates. Private payrolls increased by 296,000 jobs last month, the ADP National Employment report showed on Wednesday. Data for March was revised lower to show 142,000 jobs added instead of …