Gold is down -0.06%, trading at $ 2,937.36 per ounce. Gold prices experienced a slight dip on Friday, a natural correction after reaching record highs earlier in the week. However, this short-term fluctuation does not diminish the overall upward trend, with gold poised for an eighth consecutive weekly gain. This …
Read More »Mark Carney Takes the Helm: Canada’s New PM Faces Trump and Global Trade Challenges
Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, suc…
Oil Gains Amidst Geopolitical Tempest and Shifting Demand Forecasts
Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil p…
Fresh Deadline Drama: Senate Poised to Avert Shutdown
Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the …
PPI Shadowed: GBP/USD Wobbles Amid GDP Shock and Surging US Inflation Fears
The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with GBP/USD …
Changpeng Zhao Denies Ties of Trump Family Ties and Binance Amid Controversy
Changpeng Zhao (CZ), the founder and former CEO of Binance, the globe’s largest cryptocurrency…
Gold Shatters $3,000 Barrier: Historic Safe-Haven Surge Amid Global Uncertainty
In a landmark moment, gold prices surged past the $3,000 per ounce threshold on Friday, marking an a…
Bristol Myers Squibb Gains Expanded EU Approval for CAR-T Therapy Breyanzi
The European Commission has granted Bristol Myers Squibb (NYSE: BMY) an expanded approval for its CA…
Forex Market Overview: Yen Weakens, Pound Slips, Dollar Recovers
The Japanese yen weakened on Friday after concluding union wage negotiations, while the British poun…
Oil Prices Rebound as Ukraine Conflict Persists, Trade War Concerns Loom
Oil prices bounced back on Friday, recovering some of the previous session’s losses, as the Uk…
Gold Prices Hold Near Record Highs Amid Trade Tensions, Rate Cut Expectations
Gold prices remained steady at all-time highs in Asian trading on Friday, driven by escalating U.S.-…
Market Analysis
February, 2025
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21 February 2025 7:56 pm
US Manufacturing Shows Resilience Amid Economic Uncertainties
Recent data reveals a mixed picture of US economic activity. The S&P Global Composite PMI for February dipped to 50.4, signaling a slight weakening in overall private sector activity compared to January’s 52.7. However, within this composite, the Manufacturing PMI bucked the trend, edging up from 51.2 to 51.6, indicating …
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21 February 2025 7:07 pm
GBP/USD Pulls Back After Reaching New Highs
The GBP/USD pair experienced a pullback after reaching a year-to-date high of 1.2678 and testing the 100-day Simple Moving Average (SMA) at 1.2658. The pair subsequently stabilized near 1.2660. This movement occurred despite positive UK retail sales data for January, which showed a 1.7% month-over-month increase, exceeding expectations. US economic …
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21 February 2025 4:43 pm
British Pound Hits Two-Month High as UK Consumer Spending Surges
The British pound strengthened on Friday, reaching a two-month high, after strong UK consumer spending data for January offset concerns over declining employment trends. Key Market Moves GBP/USD rose 0.1% to $1.2675, from $1.266 before the data release. EUR/GBP dipped slightly to 82.81 pence, down from 82.85 pence. Mixed Economic …
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21 February 2025 4:41 pm
Bitcoin Climbs for Third Straight Day but Faces Fed Policy Headwinds
Bitcoin extended its winning streak on Friday, rising for the third consecutive day, as some investors shrugged off concerns over U.S. tariffs. However, uncertainty surrounding the Federal Reserve’s interest rate policy kept gains in check. As of 01:36 ET (6:36 GMT): Bitcoin rose 1.6% to $98,409.2. It was on track …
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21 February 2025 2:42 pm
European Stocks Inch Higher as Traders Weigh Business Activity and Trade Tensions
European markets edged up on Friday, as investors assessed fresh business activity data and ongoing geopolitical risks, including trade tensions and defense spending concerns. As of 04:21 ET (09:21 GMT): STOXX 600 rose 0.3% to 552.56, though it was set for a weekly loss, snapping an eight-week winning streak—the longest …
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21 February 2025 12:18 am
Wall Street Slips as Walmart Warning, Jobless Claims Spark Economic Fears
The Dow Jones Industrial Average plummeted over 1.40% to 43,980 on Thursday as investors grappled with a mix of concerning economic data and Federal Reserve commentary. A disappointing forecast from retail giant Walmart, citing “uncertainties related to consumer behavior and global economic and geopolitical conditions,” sent shockwaves through the market. …
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20 February 2025 11:46 pm
Market Drivers and Update; US Session: PMIs in Focus
The US dollar weakened significantly, reaching a two-month low despite no changes in US tariffs or progress in Russia-Ukraine peace talks. Friday’s key events include:US: The US Dollar Index (DXY) fell to around 106.40 due to lower US yields, a stronger Japanese yen, and increased risk appetite. The focus will …
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20 February 2025 10:42 pm
Looming Impact of Fresh EU Sanctions on Commodities Expected
The European Union’s latest round of sanctions against Russia, the sixteenth since the invasion of Ukraine, focuses on energy and metals, specifically targeting oil exports and aluminum imports. These measures introduce new complexities to already volatile commodity markets, raising questions about their ultimate impact.Energy Market Under PressureThe EU’s move to …
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20 February 2025 9:46 pm
Fort Knox’s US Gold Reserve to be Audited, Administration Says
The US Administration announced plans to audit the nation’s gold reserves stored at Fort Knox in Kentucky. “We’re going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there,” the Administration stated.This move follows recent calls for an audit, fueled in part by comments …
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20 February 2025 9:21 pm
Fed Official Flags Upside Inflation Risks, Warns of Stagflation Threat
St. Louis Fed President Alberto Musalem expressed concerns Thursday about the potential for persistent inflation and the risk of stagflation, posing a dual challenge to the US economy. He emphasized the need for confidence that inflation is headed back to the Fed’s 2% target before any further policy adjustments are …
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20 February 2025 8:28 pm
Explainer: What the loss of Fed’s independence could mean
Trump as well as other Wall Street forces attempt to limit the Fed’s independence. Though it refrains from attempting to sway interest rate decisions, the White House wants more authority over Fed operations, including financial regulation. On February 12, Fed Chair Jerome H. Powell gave a testimony before the House …
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20 February 2025 7:43 pm
Dollar Wobbles After Jobless Claims Disappoint, China Deal Hints Emerge
The US dollar stumbled on Thursday, giving up Wednesday’s gains and falling below 107.00 on the US Dollar Index (DXY). Hopes of a potential trade agreement with China, however, provided a glimmer of optimism for markets worried about tariffs. The DXY, measuring the dollar against six major currencies, currently sits …
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