Gold, often considered a safe-haven asset, has recently faced headwinds as rising US Treasury yields and a stronger dollar have weighed on its price. While geopolitical tensions and economic uncertainties could provide support for the precious metal, the Federal Reserve’s monetary policy decisions will play a crucial role in shaping …
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The American central bank is expected to maintain its monetary easing cycle. The Federal Reserve is expected to cut its benchmark policy rate by 25 basis points (bps) at the end of its policy meeting on Thursday, a decision that may seem a footnote given the uncertain economic terrain the …
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US Election Driving Market Sentiment WorldwideThe US Dollar Index (DXY) weakened early this week as investors unwound positions related to the “Trump trade” and grew cautious ahead of the US election on Tuesday and the FOMC meeting on Thursday.Key Currency Pairs and Economic Events:EUR/USD: The pair climbed above 1.0900, but …
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Monday saw a decline in the value of the US dollar as Ipsos surveys predicted that Vice President Kamala Harris will win the US presidential election. With the FOMC meeting taking place amid uncertainties surrounding the US presidential election, traders are in for a highly tumultuous week. The US dollar …
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Global financial markets concluded the first trading day of the new week under the sway of mounting geopolitical tensions in the Middle East, which dampened risk appetite. This led to a decline in several risky assets by the end of Monday’s trading session. However, another factor intervened to balance investor …
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The minutes of the Fed’s June meeting were made public, and they contained a plethora of signals that the markets interpreted differently with regard to the factors influencing the federal rate’s future trajectory. “Most monetary policymakers in the meeting of the Central Bank’s Board of Governors on June 11 and …
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The U.S. dollar retreated on Thursday, as market participants wrestled with the contrasting signals of subdued U.S. inflation and a more hawkish stance from the Federal Reserve. The Dollar Index, measuring the greenback against a basket of major currencies, dipped 0.3% to 104.340, easing from its recent mid-May peak. This …
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Markets Await U.S. CPI and Fed’s Economic Projections The U.S. dollar held steady on Wednesday following a recent surge to a four-week high. Market participants are eagerly awaiting the release of U.S. inflation data and the Federal Reserve’s updated economic projections, both expected later in the day. The data and …
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As sellers gain strength, the AUD/USD pair navigates through uneven trading. This week’s US inflation data and Fed dot plot are the main topics of interest. Mixed NAB business survey results are released by Australia. The AUD/USD pair’s performance was uneven, with some bearish pressure and a sticky range around …
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US stocks rose on Monday, extending last week’s rally into a week that is remarkably busy with corporate earnings, employment data, and a Federal Reserve policy meeting. The Dow Jones Industrial Average and Nasdaq Composite each gained 0.4%, while the S&P 500 rose 0.3%. Tesla (TSLA) shares soared after Elon …
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