The economy is a complex system of production, distribution, and consumption of goods and services. Understanding how the economy works can be challenging, but it is essential for making informed decisions about personal finance, investing and public policy. This article will explore the fundamental concepts of how the economy works, including the factors that influence
Share: GBP/USD finished the week on a lower note after it reached 1.234, the high of the week, but retreated as sentiment dampened. On Friday, the GBP/USD is trading at 1.2228, retracing 0.47% at the time of typing. Read More… The GBP/USD pair comes under intense selling pressure on Friday and extends the overnight retracement
The GBPUSD experienced a decline today, breaking below the 100-hour moving average (MA) at 1.22608 for the first time since March 17th. The pair’s downward trajectory brought it to a significant swing area between 1.2191 and 1.22028, with the rising 200-hour MA currently situated at 1.21952 – within that swing area. Although the day’s low
Some late day buying is pushing the major indices to new highs for the day. They are also moving into positive territory. A snapshot of the market currently shows: Dow industrial average up 119 points or 0.37% at 32223.86 S&P index of 20.29 points or 0.51% at 3969 NASDAQ index up 34.49 points or 0.29%
The tumultuous bygone week ending March 24 saw gold settling down with a loss of nearly 0.50% at $1978.61, while the US Dollar Index slipped around 0.55% to end the week at 103.11 as the 10-year US yields at 3.373% were approximately down 1.70% on the week. 2-year US yields closed around 2.2% lower at
Share: EUR/USD is set to finish the week with decent gains of 0.89%. US economic data was mixed, though it portrays a deceleration of the economy. ECB policymakers remain focused on tackling high inflation levels in the Eurozone. As the New York session finished, EUR/USD fell 0.64% or 69 pips. A risk-on impulse did not
Last week’s financial landscape was far from clear-cut. While it wasn’t a definitive risk-on market, investors seemed reluctant to abandon US shares completely. The markets found themselves mired in confusion, struggling to make sense of the relentless barrage of headlines detailing bank crises that began with Silicon Valley Bank, then spread to First Republic, Credit
The USDCAD experienced considerable volatility during the first four days of the trading week, with the price action reflecting significant fluctuations. The red box in the chart above highlights this week’s trading range, characterized by sharp ups and downs over the first 4 1/2 days. Temporary breaks to the downside occurred on Tuesday and Thursday,
Markets: Gold down $14 to $1979 US 10-year yield down 2.8 bps to 3.37% WTI crude oil down 64 cents to $69.32 S&P 500 up 22 points to 3971. On the week up 1.4% JPY leads, NZD lags The mood was poor at the start of North American trade as banking worries — particularly Deutsche
Physical gold dealers in India were forced to offer the steepest discounts in over a year to lure buyers put off by a record surge in local prices this week, while the banking crisis fueled steady demand in top buyer China. “Demand has stalled because of the spike in prices. Retail buyers and jewellers were
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Bitcoin (BTC) drifted lower on March 25 as eerily calm conditions saw liquidations evaporate. Bitcoin in “slow chop” until Monday Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it focused on $27,500 at the time of writing. After losing $28,000 the day prior, weekend trading offered little by way of its usual volatility
Share: Gold price back at $2,000 after Fed meeting. Economists at Commerzbank expect the yellow metal to see renewed downside pressure as the market will be forced to correct its expectation of a rapid interest rate turnaround again. Robust Swiss Gold exports to Asia in February “Currently the market expects key rates in the US
The AUDUSD has exhibited a series of ups and downs since last Friday, with the “ups” encountering resistance between 0.67239 and 0.67296 for the majority of the week. Buyers attempted to push the price up on Wednesday and Thursday, driven by volatility from the Fed rate decision. These upward movements managed to surpass the 50%
The major US stock indices are closing higher for the day, and higher for the week. For the trading year, the Dow industrial average is still down on the year but the S&P and the NASDAQ index are positive A snapshot of the closing levels for the day shows: Dow industrial average up 132.28 points
COMEX gold prices are trading near a one-year high of $2014.9 per troy ounce notched in the previous week. The yellow metal started the week on a negative note, as the SNB brokered UBS buyout of Credit Suisse calmed markets and improved the risk sentiments. There were also reports that the US officials were studying