Gold has seen a significant increase in value as weak US data and a change in tone from Federal Reserve Chairman Jerome Powell have increased bets that the Fed will lower interest rates earlier than previously expected. Lower interest rates are positive for Gold as they reduce the opportunity cost …
Read More »US Dollar below 106.00 after PCE data
The US dollar is preparing for French elections risk over the weekend, with early recovery thanks to recent statements by Trump and Suzuki. The PCE data is in line with expectations, with the index hovering around 106.00, back to Wednesday’s levels. Traders are still digesting the Trump-Biden debate, where many …
Read More »How do Biden and Trump’s Teams Tackle Business Concerns, Aspirations?
The Biden and Trump teams are expected to engage in a long-distance economic showdown on Thursday, as both sides try to sell corporate America on their vision for 2025 and beyond. Treasury Secretary Janet Yellen will defend President Biden’s approach at the Economic Club of New York, where she will …
Read More »Bidenomics, Trump’s Approach Clashing Early in Elections’ Year
A strong ideological debate concerning economic policy is currently taking place in the United States, with Senator J.D. Vance of Ohio and former President Donald Trump leading the battle as they adopt the populist economics sparking a great deal of excitement as well as anxiety and concern. However, what does …
Read More »Dollar Steadies Amidst Asian Market Holiday
The dollar found stability on Monday, with most major Asian markets closed for a holiday, delaying the start of what could evolve into a bustling week. Attention now shifts to US inflation data for clues on the Federal Reserve’s potential interest rate cuts. Euro Edges Lower, Eyes on Euro Zone …
Read More »US dollar squashed after lower than expected revised CPI data
The US Dollar is softer after weaker US CPI revisions, with the Dollar Index failing to close above the 100-day Simple Moving Average (SMA) and could slide back below 104. The S&P 500 briefly hit 5,000 after the opening of the trading session, with some risk on creeping in. The …
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