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The dollar held firm against a basket of major currencies early Wednesday, bolstered by safe-haven demand amid the latest escalation in the Middle East. The greenback’s two-day rebound from the strong 100 support zone pushed it to a…
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Eurozone inflation fell to 1.8% in September, down from 2.2% in August, beating expectations of a 1.9% rise. The drop was mainly driven by lower energy costs and stable goods prices. This marks the first time in three years that inflation…
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Goldman Sachs on Monday increased its gold price forecast for early 2025 to $2,900 per troy ounce (toz), up from its previous estimate of $2,700/toz, citing two key factors driving the upward revision. First, the investment bank expects…
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Oil prices dropped by over 2% on Tuesday as expectations of increased supply and weak global demand growth overshadowed concerns about escalating conflict in the Middle East and its potential impact on crude exports from the region.…
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USD/JPY surged to a three-week high of 146.49 on Friday before dropping sharply by over three figures, driven by speculation that Japan's new prime minister might support further Bank of Japan tightening. This was perceived as a potential…
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Gold prices eased on Friday after hitting a new record high on Thursday, with end-of-week profit-taking driving the pullback. So far, the dip has been shallow, with a stronger decline unlikely as the market consolidates and positions for…
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The Swiss National Bank (SNB) cut interest rates by 25 basis points to 1% during its Thursday policy meeting, marking the lowest level in over 1.5 years. The move was widely anticipated and aligned with a broader global trend of monetary…
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The dollar index held a firm tone early Thursday, following a 0.7% rebound the previous day, as it once again failed to sustain a break below the key psychological 100 support level. The greenback gained momentum from support at the 100…
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Gold eased from its new record high of $2670 early Wednesday, taking a breather after a 1.10% rise on Tuesday, driven by a weaker dollar amid expectations of further aggressive rate cuts from the Fed. The People's Bank of China's…
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Data from Germany's Ifo institute, released on Tuesday, revealed that business morale fell more than expected in September, marking the fourth consecutive month of decline. The Ifo business climate index dropped to 85.4 in September, the…
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