Euro Slides fell sharply in European trade on Wednesday, dropping to a five-month low against the U.S. dollar as Donald Trump emerged as the overwhelming favorite to win the U.S. presidency. The EUR/USD pair plunged by 2.1% to $1.0702, reaching levels last seen in June. Trump’s expected return to office has raised concerns about renewed …
Euro Slides to Five-Month Low as U.S. Election Victory Read More »
Bitcoin Hits Record in the recent U.S. presidential election and it brought unexpected waves to global markets, especially in the cryptocurrency realm. As Donald Trump secured his position as the 47th president, Bitcoin surged to record-breaking levels above $75,000. Let’s explore how Trump’s victory, combined with his favorable stance on cryptocurrencies, set the stage for …
Bitcoin Hits Record Highs After Trump’s Stunning Win Read More »
Gold Prices Gives Up experienced a decline in European trade on Friday, marking the first drop in seven sessions as investors engaged in profit-taking. This retreat comes just ahead of important U.S. personal spending data, which could further influence market sentiment. Recent Price Movements Today, gold prices fell by 0.4%, settling at $2661 an ounce …
Gold Prices Gives Up Record High Before U.S. Spending Data Read More »
Gold Approaches prices surged in European trade on Wednesday, continuing their upward trajectory for the fifth consecutive session. The precious metal is now nearing the $2700 mark, setting a new record high as the dollar faced ongoing losses. Rising Gold Prices Gold prices increased by 0.5% today, reaching $2670 an ounce, after hitting a session …
Wall Street Declines U.S. stock indices saw a slight decline on Wednesday, yet they continue to hover close to the record highs reached just the day before. This ebb and flow in the markets reflects the dynamic nature of trading influenced by broader economic policies. Federal Reserve’s Impact The recent downturn can largely be attributed …
Wall Street Declines but Remains Near Record Highs Read More »
Franc Reacts Positively strengthened in European trade on Thursday after the Swiss National Bank (SNB) announced its third consecutive interest rate cut. The decision reflects the central bank’s efforts to stabilize prices amid receding inflationary pressures. The Franc, often viewed as a safe-haven currency, gained ground against major currencies, showcasing its resilience in the global …
Bitcoin Price Climbs surged by 2.5% on Thursday, bouncing back from a brief dip the previous day and approaching five-week highs. This rally is largely driven by anticipation of upcoming US interest rate decisions and remarks from Federal Reserve Chair Jerome Powell. Bitcoin Price Movement Bitcoin Resumes Gains After experiencing a minor pullback, Bitcoin has …
Bitcoin Price Climbs 2.5% Ahead of Powell’s Remarks Read More »
US Economy, Federal Reserve Chair Jerome Powell delivered a key speech at the tenth annual conference for the US Treasury Bonds Market, reflecting on how the US economy has evolved since his first meeting as Fed Chair in 2015. He acknowledged the rapid changes in the economy but emphasized the ongoing importance of the treasury …
US Economy Has Changed a Lot Since My First Meeting in 2015 Read More »
Wall Street Maintains steady gains in the US stock market and had another remarkable day, with the S&P 500 marking a fresh record high. Fueled by favorable economic data and signals from the Federal Reserve, the stock market’s performance caught the attention of investors globally. Let’s dive into the details of what pushed the markets …
Wall Street Maintains Gains, S&P 500 Marks Fresh Record High Read More »
Sterling Extends Gains has surged in European trade on Friday, continuing its upward trajectory against a basket of major currencies and reaching a 30-month high against the dollar. This marks the third consecutive session of gains and sets the stage for the largest weekly profit in a month, fueled by robust economic data from the …
Sterling Extends Gains to 30-Month High After Strong Data Read More »
