The gold market has shown signs of growth recently, with the price of a troy ounce reaching 2517 USD. This increase in price comes ahead of the release of the US employment report for August, which could have a significant impact on the market. With the Federal Reserve closely monitoring the employment data, there is
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China’s policymakers, according to former head of the People’s Bank of China, Yi Gang, need to prioritize boosting domestic demand rather than focusing on external factors. In a speech at the Bund Summit in Shanghai, Yi emphasized the importance of fighting deflationary pressure and improving domestic demand to stimulate economic growth. He highlighted the need
French Prime Minister Michel Barnier, known for his role in negotiating Brexit for the European Union, has been appointed as Prime Minister of France by President Emmanuel Macron. This comes at a critical time as France is facing deep political fault lines and a divided parliament. President Macron’s decision to appoint Barnier reflects his belief
The latest data from the Labor Department reveals a decline in the number of Americans filing new jobless claims. This decrease in layoffs signals a positive trend in the labor market and helps alleviate concerns about its deterioration. The report also indicates a reduction in unemployment rolls, reaching levels not seen since mid-June. This development
The GBP/USD pair has managed to stay above the key 1.3100 level, indicating that buyers are in control of the market sentiment. The Relative Strength Index (RSI) also supports this notion, signaling that there is upward momentum in play. The pair is currently eyeing the resistance level of 1.3200, and if it manages to break
The EUR/USD pair has maintained stability around 1.1077 as of Thursday morning, showing a slight increase in value during the previous session. However, it is still trading within a sideways channel. The investors seem to be holding back and conserving their energy in anticipation of crucial employment data from the United States. The ADP private
Visa recently announced its plans to introduce a dedicated service for bank transfers in Europe, bypassing the traditional credit card and direct debit process. This new service, known as account-to-account (A2A) payments, is set to revolutionize the way consumers make and manage payments online. The Problem with Direct Debits Currently, when consumers set up payments
The recent spike in unemployment in July has raised concerns among economists and investors regarding the state of the US labor market. According to Arch Capital Chief Global Economist Parker Ross, the increase in unemployment cannot be attributed to Hurricane Beryl, and there is no clear common theme across the key drivers of unemployment in
When it comes to online trading, it is essential to understand the importance of due diligence. The content provided on trading websites should be viewed as educational and research-based, rather than as direct recommendations for action. It is crucial for individuals to perform their own due diligence checks, exercise their discretion, and seek advice from
The downward trend in Silver prices, currently around $27.90, is being influenced by a stronger USD and concerns over Chinese demand. The USD demand puts pressure on the USD-denominated Silver price, making it less attractive to investors. Additionally, the slowing service activity growth in China also contributes to the decline in Silver prices, as it
The USD/JPY pair has experienced a minor increase, reaching 145.95 on Wednesday morning. This upward movement seems to signify a rebound from recent two-week lows, but it may be premature to anticipate a significant shift in the trend considering the uncertain economic conditions. As market participants remain cautious, all eyes are on the upcoming US
The semiconductor industry in Asia experienced a significant downturn on Wednesday morning, as a direct result of Nvidia’s sharp decline in the U.S. The ripple effect was felt across the region, with major players such as Samsung Electronics and SK Hynix being dragged down along with Nvidia. This sudden shift in market dynamics was fueled