Gold prices have surged back to $2500/oz after a notable retracement during the US session on Thursday. This rebound can be attributed to a stronger US Dollar, rising US Yields, and potential profit taking ahead of Fed Chair Powell’s speech at the Jackson Hole Symposium. Market participants are eagerly awaiting Powell’s remarks to gauge the
Trading foreign exchange (Forex) can be a lucrative but risky venture for investors. It is crucial for traders to understand the potential risks involved in this type of investment before diving in. One of the key risks associated with Forex trading is the high level of leverage involved. While leverage can amplify profits, it can
Remote work has become a prevalent trend in the U.S. labor market, establishing itself as a significant shift that has been developing over the past couple of decades. Nick Bunker, the economic research director for North America at Indeed, describes it as a major transformation that is here to stay for a long time. This
The statement that “Business price-setting behaviors are shifting amid intensified upward pressures on wages” raises crucial questions about the current economic environment. The need for a comprehensive analysis to investigate whether this phenomenon will spread further is evident. It is essential to delve deeper into the implications of such changes and their potential impact on
The AUD/USD pair experienced a drop, adjusting to 0.6950 due to a USD recovery. This movement was influenced by a narrative of monetary policy divergence between the Federal Reserve and the Reserve Bank of Australia. Despite strong Australian PMIs limiting the pair’s downside, the pair retraced some gains after a 2% rally in the previous
The recent rail stoppage in Canada has raised concerns among economists and analysts regarding the potential economic impact on the country. With Canada’s two biggest freight rail operators, Canadian National Railway and Canadian Pacific Kansas City, halting operations due to a labor dispute, the implications for the economy could be significant. While some experts believe
Philadelphia Federal Reserve President Patrick Harker recently expressed a strong endorsement for an interest rate cut to be implemented in September. Speaking from the Fed’s annual retreat in Jackson Hole, Wyoming, Harker stated that monetary policy easing is almost certain in the upcoming meeting. This direct statement marks a significant shift in the Fed’s stance,
The JP 225 stock index has seen a reversal of more than half of its July-August losses, indicating a potential bullish trend in the short term. Despite a downturn in the stochastic oscillator, the RSI and MACD are showing positive signs, with the RSI gradually moving upwards and the MACD remaining positively charged. The price
The EUR/USD pair has been on a rollercoaster ride, with the Euro surging against the US Dollar after breaking the 1.0950 resistance. Bulls pushed the pair above the 50-hour simple moving average and 1.1050, eventually testing the 1.1130 resistance. However, the pair is now consolidating gains above the 23.6% Fib retracement level. Immediate support lies
British technology entrepreneur Mike Lynch recently made headlines following his acquittal of fraud charges in a high-profile trial involving allegations of artificially inflating the value of his company when he sold it to Hewlett Packard for $11.7 billion in 2011. However, just two months after his acquittal, Lynch was reported missing after a tragic incident
When considering any financial decision, it is crucial to conduct thorough due diligence. The content provided on websites should be used for educational and research purposes only. Do not solely rely on the information without consulting with your competent advisors and applying your own discretion. It is essential to understand the risks involved and make
The Australian Dollar has shown signs of advancement in recent times, with the Reserve Bank of Australia (RBA) Minutes pointing towards a prolonged period of current cash rates. Despite the indication that a rate cut is unlikely in the near future, the Australian Dollar may still continue its upward trajectory. The currency is currently trading