The USD/CHF pair has been struggling and losing ground, hovering around 0.8620 in the early Asian trading session. One of the major factors contributing to this decline is the market’s expectation of three quarter-point rate cuts by the Federal Reserve this year. This anticipation has significantly weakened the US Dollar, putting pressure on the pair
Chinna Marumagal
Gold prices have been on a remarkable upward trajectory, with the precious metal hovering around $2500 per troy ounce. This surge can be largely attributed to the increased demand for safe-haven assets in light of ongoing geopolitical tensions. The focus remains on the conflict in the Middle East, especially with U.S. Secretary of State Antony
The recent economic data coming out of China has painted a bleak picture of the country’s economic health. With new home prices plummeting, industrial output slowing, export and investment growth declining, and unemployment on the rise, the pressure is mounting on Beijing to take decisive action to jumpstart growth. While there were some data points
The recent surge in the US stock market can be attributed to positive economic data that has alleviated concerns about an impending recession. Following a significant sell-off earlier in the month, the S&P 500 has managed to bounce back by over 6%. This recovery has been fueled by reports on retail sales, inflation, and producer
The recent uptick in the U.S. stock market has been quite significant, with the S&P 500 and Nasdaq recording their biggest weekly percentage gains since late October. This positive momentum has been attributed to the easing of fears of an economic downturn. Investors are now eagerly awaiting the Jackson Hole Economic Symposium, hoping for more
The Reserve Bank of India (RBI) decided to keep its key interest rate steady at 6.50% in its recent policy meeting, a move that was widely anticipated. The decision was made in an effort to combat inflation, despite other major central banks around the world considering easing their monetary policies. The Monetary Policy Committee (MPC),
The recent data on U.S. job growth in July has sparked concerns about the health of the labor market. With job growth slowing more than expected and the unemployment rate increasing to 4.3%, there are fears that the economy may be becoming vulnerable to a recession. Nonfarm payrolls increased by 114,000 jobs last month, falling
The British pound sterling has been on a steady decline against the US dollar, with the GBP/USD pair trending towards 1.2848. The pressure from the USD rate is a significant factor contributing to this trend. However, investors are eagerly awaiting the outcome of today’s Bank of England meeting and its decision on interest rates. There
The EUR/GBP cross is trading higher at around 0.8450 during the early European session, marking a 0.35% gain on the day. The recent surge is fueled by the Eurozone’s inflation data, which has cast doubts on the likelihood of ECB interest rate cuts in September. On the other hand, there is a sense of uncertainty
British finance minister Rachel Reeves recently announced that she would need to raise taxes in the upcoming budget, citing a 22 billion pound shortfall. This move was expected after the Labour Party’s election win, highlighting the financial challenges facing the country. In a recent interview with The News Agents podcast, Reeves confirmed that tax increases
When it comes to investing in open markets, it is crucial to understand the risks and uncertainties involved. The information provided on various platforms, including FXStreet, should be viewed as purely informational and not as a recommendation to buy or sell any assets. It is essential for investors to conduct their own thorough research before
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