Update News Weekly
Currency Markets Show Minimal Movement Following Fed Symposium
In the aftermath of the weekend and the Federal Reserve symposium in Jackson Hole, the...
Gold Prices Hold Steady Amid Global Market Optimism and Fed Speculation
Gold prices (XAU/USD) continued their sideways movement on Tuesday, maintaining a narrow range around the...
Bank of England’s Mann Warns of Potential Inflation Rise Amid Upcoming Economic Data Releases
Bank of England (BoE) Monetary Policy Committee member Catherine Mann, who was among the four...
U.S. Unemployment Claims Rise by 233K in First Week of August, Lower Than Expected
In the week ending August 3, the number of U.S. citizens applying for unemployment insurance...
Bitcoin Wallets Holding at Least One BTC Surpass 1 Million; Ethereum and Polygon Lead Institutional Investments
June 30 – Data from Glassnode reveals that Bitcoin (BTC) wallet addresses holding at least...
US Dollar Rises Ahead of Key Inflation Data
The US Dollar (USD) saw renewed buying interest on Friday, rebounding from the previous day’s...
Silver Price Outlook: XAG/USD Slips Towards $28.50 Amidst Bearish Sentiment
The price of silver (XAG/USD) continues its downward trajectory for the third consecutive session, trading...
Nvidia’s Decline Drags Nasdaq Down as Dow Surges Amid Sector Shifts
In a mixed start to the final week of a stellar quarter on Wall Street,...
Gold Prices Up Slightly, But Gains Limited Due to Conflicting Signals
Gold prices (XAU/USD) found some support near the $2,317 region during the Asian session on...
Swiss National Bank Reduces Benchmark Rate to 1.25%
Zurich, June 20, 2024 — The Swiss National Bank (SNB) has decided to cut the...
Crypto Markets Poised for Bullish Rally Amid Positive Momentum Indicators
The cryptocurrency market is showing signs of a forthcoming bullish trend, with Bitcoin (BTC) and...
FOMC Preview: 2024 Dot Plot Expected to Indicate Reduced Rate Cuts
FED to Stay the Course and Delay Timing of First Rate Cut The Federal Open...
Euro Zone Business Activity Hits Year-High in May, Driven by Services Sector
BENGALURU (Reuters) – Euro zone business activity surged to its highest rate in a year...
Market Update: EUR/USD Slides Amid Risk-Aversion, Approaching 1.0800
The EUR/USD pair remains under pressure, declining toward the 1.0800 mark following a modest rebound...
Elon Musk’s xAI Raises $6 Billion in Funding to Challenge OpenAI Dominance
Elon Musk’s artificial intelligence startup, xAI, has secured a remarkable $6 billion in funding, valuing...
The EUR/USD remains steady near the 1.0850 mark as the US Dollar steadies
In today’s European trading session, the EUR/USD pair maintains a sideways trajectory, hovering around the...
“Minutes from Meeting Reveal Some Federal Reserve Officials Open to Rate Hike if Necessary”
During their recent policy meeting, Federal Reserve officials discussed the possibility of maintaining elevated interest...
Pound Sterling Surges on Stronger-than-Anticipated UK Inflation, Diminishing BoE Rate Cut Expectations
In Wednesday’s European session, the Pound Sterling (GBP) surged to 1.2750 as per the data...
Mixed Signals Emerge in US Economy: Inflation Eases, Retail Sales Stall while US Dollar declines on the back of soft CPI figures
The US dollar weakened on Wednesday, May 15th, with the US Dollar Index (DXY) trading...
Will Gold Hold Gains? Hot PPI Data Fails to Impress, Investors Await CPI
Gold prices staged a comeback on Tuesday, rising nearly 0.8% and surpassing $2,350 per ounce....
Gold Prices Slip Amidst Fed’s Hawkish Stance and Economic Uncertainty
In the midst of the Asian trading session on Monday, gold prices, denominated in USD...
Firm RBA Stance Clashes with Concerning Inflation Outlook: Impact on Aussie Dollar
On Tuesday, the Reserve Bank of Australia (RBA) opted to maintain the interest rate at...
Australian Dollar Slips as RBA Holds Interest Rate at 4.35%
In a widely anticipated move, the Reserve Bank of Australia (RBA) opted to maintain the...
The EUR/USD is holding onto its upward momentum near 1.0750, while Gold remains fixed around $2,300, ahead of the release of the US jobs report
The Euro (EUR) strengthened against the US Dollar (USD) on Thursday, closing higher after a...
Unveiling Fed’s Next Move: Will Powell Issue a Hawkish Warning Signal?
The Federal Reserve is expected to announce its monetary policy decision on Wednesday, following the...
EUR/USD Rebounds Above 1.0700 as Eurozone Data Supports Euro Strength
In the European session, the EUR/USD pair regained momentum, climbing above the 1.0700 mark. Eurostat’s...
US first-quarter GDP falls short of predictions, while personal consumption expenditure surpasses expectations, leading to a rise in the value of the US dollar
The US economy grew at a slower pace than expected in the first quarter of...
Australian Dollar holds ground after positive economic data
In the latest financial news, the Australian Dollar (AUD) has seen a consecutive rise, driven...
Forecast week ahead: Gold, EUR/USD, and USD/JPY, Bank of Japan meeting, US GDP, Core PCE, and the earnings reports
Get ready for a busy week in the markets! Traders will be juggling geopolitical news,...
Gold surges past $2,410 per ounce after news broke of an Israeli attack on Iran, as investors seek safe havens due to heightened geopolitical tensions.
Key takeaways: During Friday’s Asian session, the value of gold nearly reaches $2,410 per troy...