Gold Climbs prices rose in European trade on Tuesday, resuming gains after a brief hiatus, as US 10-year treasury yields slowed down. Investors are eagerly awaiting crucial US inflation data and a speech by Federal Reserve Chair Jerome Powell for fresh clues on potential interest rate cuts this year. Prices Gold prices rose by 0.4% …
BOE Holds Interest (The Bank of England) voted to hold interest rates unchanged at 5.25%, the highest level since March 2008marking the sixth consecutive meeting where the central bank has maintained its current rate. This decision aligns with analysts’ expectations and reflects the BOE’s cautious approach to managing inflation and economic growth. The BOE’s decision …
BOE Holds Interest Rates Unchanged for Sixth Straight Meeting Read More »
Bitcoin Could Lose on Thursday, heading for its fourth loss in a row, as it plummeted to week lows and came close to trading below the psychological barrier of $60,000. This downward trend is driven by strong risk aversion in the cryptocurrency market, fueled by rising US 10-year treasury yields. As traders await more speeches …
Bitcoin Could Lose Trading Above $60,000 Amid Risk Aversion Read More »
Sterling Moves rose in European trade on Friday, extending gains for the second straight day against the dollarbuoyed by hot UK growth data. The positive GDP data impacted the odds of early UK interest rate cutsindicating that the Bank of England (BOE) may take a cautious approach to monetary policy. The latest UK growth figures …
Sterling Moves in a Positive Zone After Hot Growth Data Read More »
Gold Under Pressure prices fell on Wednesday, marking the second consecutive day of decline, with the precious metal on the verge of trading below the psychological barrier of $2300. This downward trend is driven by a strengthening dollar, which gained ground against major rivals following recent remarks by Federal Reserve officials. These remarks have impacted …
Germany Choosing experiencing a resurgence in nuclear power, with countries embracing carbon-free energy sources, Germany has taken a different path by choosing natural gas over nuclear power. This decision is particularly surprising given Germany’s support for green energy initiatives and its energy instability following Russia’s invasion of Ukraine. Despite the global renaissance in nuclear power, …
Germany Choosing Natural Gas Instead of Nuclear Power Read More »
Gold Reverses prices rose on Thursday as the dollar index declined against most major rivals following weaker-than-expected US data. The Federal Reserve’s cautious approach to amending interest rates, with a focus on bringing inflation towards the 2% target, contributed to the dollar’s dip and gold’s rebound. As the Federal Reserve maintains its cautious stance, gold’s …
Gold Reverses Higher as Dollar Dips After Weak Data Read More »
Dollar Regains rose in European trade on Tuesday against a basket of major rivals, regaining some ground after recent declines. This rebound comes as investors await a series of remarks by Federal Reserve officials, hoping to gain insights into the future of US interest rates. While the dollar’s recovery is driven by active short-covering, its …
Dollar Regains Footing Ahead of Important Fed Remarks Read More »
US Banks Report a renewed weakening in demand for industrial loans and a decline in household demand for credit during the first quarter of the year, according to a Federal Reserve survey of senior loan officers published on Monday. The survey results were available to Fed officials last week when they decided to keep the …
US Banks Report Weaker Loan Demand, Fed Survey Says Read More »
Dollar Hovers Near fell in European trade on Monday, extending its losses for the fourth consecutive session and approaching three-week lows. This downward trend is driven by declining US 10-year treasury yields, which have hurt the dollar’s standing against a basket of major rivals. Recent disappointing US labor data has also boosted the odds of …
Dollar Hovers Near Three-Week Trough as US Yields Taper Off Read More »
