In the ever-fluctuating financial landscape, gold has once again asserted its prominence as a safe-haven asset, achieving remarkable highs. Recently, this precious metal surged past the $2572 per troy ounce mark in the spot market, a record that reflects a broader trend of rising investor confidence in gold as a hedge against inflation and economic
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The potential return of Donald Trump to the presidency has sparked renewed debate about his economic policies, particularly regarding tariffs. Analysts are concerned that Trump’s proposed tariffs on imports could have significant negative repercussions for the S&P 500 companies and the overall U.S. economy. This article delves into the implications of Trump’s tariff plans based
As the week draws to a close, Asian stock markets are gearing up for a solid finish, reflecting a wave of optimism influenced by encouraging trends in the U.S. financial sector. On the back of a robust performance on Wall Street, which has witnessed substantial gains across key indexes, the outlook appears favorable. This bounce
The USD/JPY currency pair has been on a downward spiral, experiencing a fourth consecutive day of negative trading. This trend has brought it alarmingly close to its year-to-date (YTD) lows, highlighting a significant weakness in the US dollar against its Japanese counterpart. The underlying cause of this movement is primarily attributed to the contrasting monetary
Dutch challenger bank Bunq is on a mission to rapidly expand its global reach by growing its headcount by a whopping 70% this year, aiming to have over 700 employees on board. While other financial technology startups are opting to scale back on jobs, Bunq is taking a different approach by gearing up for expansion
The recent debate between Republican Donald Trump and Democratic Vice President Kamala Harris has left Wall Street investors on edge. The debate was closely watched and focused on key policy issues such as the economy, immigration, and Trump’s legal troubles. However, it failed to provide investors with the clarity they were looking for on important
EUR/CHF has shown a consistent correlation with key European stock indices such as the France CAC and Germany DAX. Last week, the correlation coefficients between EUR/CHF and the CAC 40 and DAX were at a high positive reading of 0.82 and 0.84 respectively. This indicates that movements in the European stock markets have a direct
The Dow Jones Industrial Average reached a historic peak on Monday, although major tech companies decided to pause, resulting in a mixed finish for U.S. stock indexes. While the S&P 500 dropped by 0.3%, getting close to its July record which is only 0.9% away, the Nasdaq experienced a 0.9% decline. This decrease can be
As we head into the upcoming week, investors will be closely monitoring several key economic indicators that could have an impact on currency markets. One of the major points of interest will be the release of Australian retail sales data, which is scheduled for Wednesday. This report is expected to provide insights into consumer spending
Wall Street experienced a surge on Friday as Federal Reserve Chair Jerome Powell signaled an imminent reduction in interest rates. The benchmark S&P 500 index was on the brink of hitting a record high following Powell’s remarks at the annual economic conference in Jackson Hole. This announcement prompted a positive reaction in the market, with
Gold prices have once again reached $2500/oz amidst a retracement that occurred during the US session on Thursday. The surge in prices can be attributed to various factors, including a stronger US Dollar, rising US Yields, and potential profit-taking in anticipation of Fed Chair Powell’s speech at the Jackson Hole Symposium. Market participants have been
After analyzing the current price action of XAUUSD, it is clear that a bearish scenario may unfold if the price falls below 2470. Traders are advised to consider selling positions with take profit levels set at 2463, 2460, and 2456. It is crucial to set a stop loss above 2473 or, at the very least,
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