The gold price has been experiencing some fluctuations recently as the US Dollar gains strength due to reduced expectations of a 50 basis points (bps) rate cut by the Federal Reserve. As traders eagerly await the US inflation numbers for a fresh impetus, the technical setup hints at a potential breakout through a short-term trading
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The U.S. Federal Reserve is currently under scrutiny for its upcoming meeting where a rate cut is widely expected. Analysts are divided on the extent of the rate cut, with some suggesting a jumbo 50 basis point reduction. Michael Yoshikami of Destination Wealth Management believes that a larger cut would demonstrate the central bank’s readiness
The correlation between EUR/CHF and European stock indices, such as the France CAC and Germany DAX, has been remarkably high in recent times. This high positive correlation, with coefficients reaching 0.82 and 0.84, indicates a strong relationship between the movement of the currency pair and the performance of these key European benchmarks. The synchronized movements
With futures tied to Wall Street’s main indexes rebounding from heavy losses last week, investors are cautiously optimistic about the prospects of a soft landing for the U.S. economy. The rebound comes ahead of a crucial inflation report later in the week, which will provide further insights into the economic health of the country. Despite
The recent release of Chinese economic data, including the Consumer Price Index (CPI) and Producer Price Index (PPI), has generated mixed reactions in the financial markets. While the CPI rose by 0.6% in August, falling short of market expectations, the PPI declined by 1.8% year-on-year. These figures have implications not only for the Chinese economy
Upon closer examination of the market trends, it becomes evident that the initial strength observed in NFPs was not as robust as anticipated. Despite initial optimism, the buying pressure quickly dissipated, leaving investors disappointed. The odds of a rate cut, which were expected to increase significantly following comments by Waller, remained stagnant at only 30%.
In a recent survey conducted by the Recruitment and Employment Confederation and KPMG, it was revealed that Britain’s labor market experienced a noticeable cooling last month. The report indicated that job placements, especially permanent ones, saw a significant drop at the fastest pace in five months. Moreover, starting pay growth for permanent staff also decreased
Egypt’s inflation rate is expected to decrease for the sixth consecutive month in August, primarily due to a favorable base effect. The government has been implementing price hikes as part of an agreement with the International Monetary Fund to control inflationary monetary policy. Despite the efforts to stabilize the economy, the country has witnessed several
France has requested an extension from the European Commission beyond the original deadline of Sept. 20 to submit a plan to reduce its public deficit. The Finance Ministry made this request in order to align with Paris’ 2025 draft budget, as reported by La Tribune du Dimanche. The need for additional time arises from the
Recent data from a Reuters poll indicates that economists are expecting a slowdown in headline Year-over-Year (YoY) inflation, with estimates showing a decrease to +2.6%, down from +2.9% in July. This trend is driven by softer data over the past four months. Core inflation, which excludes energy and food components, is anticipated to remain steady
The latest US Jobs Report has shown a growth of 142k in payrolls for the month of August, which indicates a positive trend in the labor market. However, the data also suggests that the US economy may not be as robust as previously expected, leading to uncertainty in the market. The upcoming release of the