Powell emphasized that the economy has performed remarkably well over the last couple of years, suggesting a low chance of a hard landing. He highlighted that the three readings in the second quarter add confidence in inflation falling. Now that inflation has decreased, both mand ...

Last week, gold experienced profit-booking after rallying to all-time highs above $2,480. The yellow metal has been weighed down by a significant recovery in the US Dollar and bond yields. Considering the upcoming US Presidential elections, there is increasing speculation that ...

Biden’s withdrawal from the upcoming U.S. presidential election has sent shockwaves through the market. Most asset classes are holding steady as investors digest this event. The dollar remains poised at its high from last Friday, with expectations of strengthening as Trump’s ...

The market sentiment remains consistent with the expectation that the Federal Reserve will soon start cutting interest rates. Yesterday, we saw the Bank of Canada cut their interest rates for the second time. This indicates that a global rate cut cycle has begun, and we can expec ...

Based on the anticipated news and data releases for next week, the fundamental outlook for GBP/USD will hinge on several key events from both the UK and the US. Here are the crucial data points and events to watch. These Purchasing Managers' Index (PMI) reports will provide insig ...

The market sentiment remains consistent with the expectation that the Federal Reserve will soon start cutting interest rates. However, this week's interest rate expectation remains the same as before, at 5.50%. According to the Fed Watch Tool, we may see the first interest rate c ...

Last Friday, the U.S. Non-Farm Payrolls (NFP) data was released, revealing an unexpected cooling down of the U.S. labor market. There was a significant increase in unemployment rates, causing a massive sell-off in gold in fear of recession. Let’s delve into the fundamental reas ...