USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower. The US CPI beat expectations for the third consecutive
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Oil rose around 1% on Friday on geopolitical tensions in the Middle East but posted a weekly loss on a bearish world oil demand growth forecast from the International Energy Agency (IEA) and worries about slower U.S. interest rate cuts. Brent crude futures settled up 71 cents at $90.45 a barrel, while U.S. West Texas
UPCOMING EVENTS: Monday: New Zealand Services PMI, Eurozone Industrial Production, US Retail Sales, US NAHB Housing Market Index, PBoC MLF. Tuesday: China Industrial Production and Retail Sales, UK Labour Market report, Eurozone ZEW, Canada CPI, US Housing Starts and Building Permits, US Industrial Production. Wednesday: New Zealand CPI, UK CPI. Thursday: Australia Labour Market report,
Plane contrails streak across the sky over Regent Street on February 15, 2024 in London, England. Dan Kitwood | Getty Images LONDON — U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said on Friday, providing another sign of a return to sluggish economic growth this year. The month-on-month figure was
Gold reaches record $2,431, then pulls back amid stronger US Dollar and reduced inflation concerns. Geopolitical tensions between Iran-Israel spark market volatility, initially raising demand for safe havens. Fed officials’ comments boost the US Dollar, a headwind for Gold prices. Gold’s price fell during the North American session after refreshing all-time peaks during Friday’s session.
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Silver prices in the domestic market are at lifetime highs amid multiple catalysts like safe-haven demand due to escalating geopolitical tensions, hopes of US interest rate cuts, speculative buying, and a sharp rally in industrial metals. Meanwhile, the performance of the benchmark London spot silver remained sluggish but hovering near three-year highs. In the key
Israeli PM Netanyahu US President Joe Biden told Israeli prime minister Benjamin Netanyahu during a call today that the US will oppose any Israeli direct counterattack against Iran, according to an Axios report that cited a ‘senior White House official.’ Two things: 1) If the US doesn’t want a war, this makes sense. Aside from
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon
Silver pulls back sharply from its highest point since February 2021, suggesting the rally might be overextended. If it breaks below key supports at $28.28 and $28.00, further declines to $27.54 and $27.00 could occur. A recovery above $28.00 could reignite bullish sentiment, aiming for previous highs and resistances. Silver’s price tumbled on Friday’s session
In an environment where geopolitical tensions are escalating, particularly between Israel and Iran, investors are closely watching the TA-35, an index tracking the 35 largest companies on the Tel Aviv Stock Exchange. The TA-35 Index serves as a barometer of the economic pulse of Israel and, by extension, how the country is navigating the troubled
Stop and Reverse (SAR) indicator is a powerful tool used by traders to identify potential trend reversals in the price movements of MCX gold and silver contracts. Unlike traditional indicators that follow price trends, the SAR indicator is unique in that it dynamically adjusts its position relative to price, making it particularly effective in spotting
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The financial markets were jolted last week by data confirming the stall in disinflation progress in the US. This development prompted traders to quickly revise their expectations regarding Fed’s monetary policy, withdrawing bets on a June rate reduction. This shift in sentiment led to strong rise in treasury yields and corresponding deep decline in stock
A sign advertising units for rent is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images The early data is in for the path of inflation during the first three months of 2024, and the news so far is, well, not good. Pick your poison.
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020. Jeenah Moon | Reuters Wells Fargo shares fell Friday after the bank reported first-quarter earnings that showed a decline in interest income. Wells said its net interest income decreased 8%
WTI trades back above $85 after whipsawing around it this week. Oil price rises near 1% despite EIA calls for a negative outlook on Oil demand. The US Dollar Index surges close to 106.00 and sets forth a fresh five-month high. Oil prices are jumping higher again on Friday after the small 0.75% decline from
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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