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Hot news
Gold Recovers After Prolonged Slide as Oil Rallies on Supply Shock
Precious metals and energy markets started the week on a stronger footing, with gold rebounding after six straight days of declines and crude oil prices surging on fresh supply disruptions. Gold Finds Support After testing its 100-day moving average last week, gold is staging a recovery. The metal’s next technical target lies near the 50-day…
19 November 2024
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Oil Oversold as Middle East Risks Persist
Oil prices remain under pressure despite ongoing geopolitical risks in the Middle East. Markets continue to weigh the threat of potential disruptions, especially involving Iran and regional conflict. Israeli Prime Minister Benjamin Netanyahu has indicated to the Biden administration that upcoming retaliatory strikes will focus on military targets rather than oil or nuclear facilities. However,…
16 October 2024
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Gold Overbought as Key US Data Looms
Gold’s 4-hour RSI has climbed above 70, indicating overbought conditions and suggesting caution for buyers. A corrective move could see prices test support around $2,613. This week, gold markets face two major US economic releases following the Federal Reserve’s surprise 50-basis-point rate cut last week. U.S. GDP data is due Thursday, followed by Core PCE…
24 September 2024
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Fed Decision Looms as Markets Debate 25 vs. 50 bp Cut
Investors are bracing for one of the most finely balanced Federal Reserve meetings in recent memory, with the CME FedWatch tool showing an even split between expectations for a 25-basis-point or a 50-basis-point rate cut. The decision will be announced on Wednesday, with markets preparing for heightened volatility. Case for a Bigger Cut Former New…
16 September 2024
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U.S. Job Growth Revised Downward, Adding Pressure on the Dollar and Federal Reserve
A recent revision by the Bureau of Labor Statistics revealed that U.S. job growth for the year ending March 2024 was significantly weaker than initially reported, with 818,000 fewer jobs added—a downward adjustment not seen since 2009. This substantial revision suggests that the labor market has cooled more rapidly than previously anticipated. The revised…
22 August 2024
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USD/JPY Poised for Rally Amid Potential Fed Policy Shift at Jackson Hole
Credit Agricole is forecasting a potential rally in USD/JPY, driven by shifts in market expectations following Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole Economic Symposium. The bank suggests that traders may need to adjust their outlook on the Fed’s rate-cut trajectory, depending on Powell’s tone. Current market data, as indicated…
21 August 2024
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All Eyes on Powell’s Jackson Hole Speech as Markets Seek Clues on September Rate Cut
Federal Reserve Chair Jerome Powell’s upcoming address at the Jackson Hole Economic Symposium is set to be the highlight of the event, with market participants eagerly awaiting any hints about a potential interest rate cut in September. Traders are keenly anticipating Powell’s speech, wondering whether he will use this platform to signal a forthcoming…
16 August 2024
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Red Monday: Calls for Emergency Fed Rate Cut Grow
U.S. stocks suffered their worst day since 2022 on Monday, with the S&P 500 dropping 3.0%, the Nasdaq falling 3.4%, and the Dow Jones Industrial Average plunging by 1,033 points. All sectors ended in the red, with mega-cap tech stocks hit hardest—NVIDIA dropped as much as 15% during the day before recovering slightly to close…
06 August 2024
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Markets Brace for Central Bank Decision Marathon
This week brings a major central bank lineup, with decisions from the Bank of Japan, Federal Reserve, and Bank of England all set to arrive within a 32-hour window, keeping market activity subdued in anticipation. The Bank of Japan’s decision is the most unpredictable, with market sentiment split between a 60% chance of a…
30 July 2024
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Top Economic Events To Watch | April 8 – April 12 – 2024 | April [Hot news]
This week, keep an eye on crucial economic indicators and central bank decisions that could sway market sentiment 👀 Events such as the release of March’s Consumer Price Index (CPI) and Core CPI, along with the Bank of Canada and European Central Bank interest rate decisions, will be closely watched by investors. Additionally, market participants…
13 July 2024
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BOJ Faces Tough Call as Inflation Pressures Mount Ahead of Policy Decision
Japan’s latest inflation data has raised the stakes for the Bank of Japan’s policy meeting, with wholesale prices climbing at their fastest annual pace in nine months. Producer prices surged 2.4% year-on-year in May, up sharply from 1.1% in April and surpassing consensus forecasts of 2.0%. The figures underscore how a weak yen is inflating…
13 June 2024
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Global Politics in Focus: Trials and Elections Drive Market Volatility
Investors are navigating a week dominated by political headlines, as high-profile legal battles in the U.S. and pivotal elections in Mexico and India weigh on sentiment across currencies and risk assets. U.S. Trials Add Political Tension In the U.S., former President Donald Trump was convicted last week on 34 counts of falsifying business records. While…
05 June 2024
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