Gold prices have recently surged to historical levels, mainly capitalizing on several factors that have come to the forefront, including its prestigious status as a trusted safe haven. In this article, we’ll delve into these elements and explore their impact on the precious metal’s bullish trajectory.The Federal Reserve’s decisions, including …
Read More »Bitcoin Successfully Passes Nonfarm Payrolls Test
As of this writing, Bitcoin has gained 4.42% and is trading at 61,739 following the release of the NFP data, while the US Dollar Index is declining and has dropped 0.26% to 105.074. In light of this, the US jobs report serves as a crucial event for markets, putting further …
Read More »Market Drivers; US Session, May 2
The US dollar was not able to sustain the initial optimism and suffered additional selling pressure amidst renewed strength in the yen and steady prudence ahead of the release of US Nonfarm Payrolls on Friday. The USD Index navigated the area of three-week lows around 105.50. What to watch on …
Read More »What will investors watch closely next trading week?
The anticipation of interest rate cut or cuts by the Federal Reserve and data releases dominated the conversation for another week, during which the US dollar fluctuated. In light of this, the USD Index (DXY) appears to have started a slow downturn after reaching fresh annual highs earlier in the …
Read More »Financial Markets’ Weekly Recap
US Inflation Surges: CPI Hits 3.5% in March In the latest update from the US Bureau of Labor Statistics (BLS), inflation in the US, as gauged by the Consumer Price Index (CPI), demonstrated a notable uptick. March saw a year-on-year increase to 3.5%, up from February’s 3.2%, surpassing market forecasts …
Read More »Weekly Market Recap (25-29 March)
U.S. Stocks Show Mixed Results at Close; Dow Jones Industrial Average Gains 0.12% The U.S. stock market closed with mixed results on Friday, with the Dow Jones Industrial Average reaching a new all-time high, while the S&P 500 edged higher and the NASDAQ Composite index ended lower. The Dow Jones …
Read More »Weekly Recap: Surprising US Data Strengthens Case for Delaying Interest Rate Cuts
Last week, the market’s attention was squarely fixed on a slew of US economic indicators, aimed at deciphering clues regarding future interest rate trajectories and the Federal Reserve’s timeline for ending its monetary tightening stance and initiating quantitative easing. However, the latest US data, particularly the Consumer Price Index, US …
Read More »Gold Prices Hold Firm Below Record Highs Amid Inflation Anticipation
Gold Maintains Strength Ahead of U.S. Inflation Data Gold prices exhibited resilience just below record highs in Asian trading on Monday, as market attention shifted towards eagerly awaited U.S. inflation figures. Investors awaited further indications on the timing of potential interest rate cuts by the Federal Reserve, which could significantly …
Read More »Financial Markets’ Weekly Recap: Gold gets brighter at historical levels as markets await key data
Last week witnessed several important events and movements in terms of their impact on overall trading transactions. The week closed with a sharp decline in the US dollar in addition to weak performance of risk-linked assets amid mixed risk appetite due to the growing importance of the statements and data …
Read More »Gold Price Soars on Rate Cut Expectations, Jobs Data
Gold prices have been rising due to expectations for US rate cuts, geopolitical tensions, and China’s economic woes. Gold futures rose 1.04% to $2,182.55 per ounce at the time of writing, reflecting bullish sentiment in the gold market. The Chinese central bank’s gold purchases as well as the country’s domestic …
Read More »