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Gold Price Forecast: XAU/USD strives for direction as uncertainty over Fed rate cuts deepen
Gold price is slightly up near $2,315 even though the US Dollar recovers sharply. Worsening Middle East tensions keep the downside in the Gold price supported. The US Dollar recovers after Fed Kashkari’s hawkish guidance on interest rates. Gold price (XAU/USD) struggles for a direction in Wednesday’
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EUR/USD edges lower to near 1.0750 after hawkish remarks from a Fed official
EUR/USD continues to lose ground due to the hawkish sentiment of the Fed prolonging elevated policy rates. Fed’s Kashkari said that the most likely scenario is for interest rates to stay unchanged for an extended period. Eurozone Retail Sales marked the most significant increase in March since Septe
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Stocks rise but RBA warns of persistent inflation risks [Video]
The week started on a positive note for the global equities which continue to surf on the optimism that the Federal Reserve’s (Fed) next move won’t be a rate hike, which I think is overdone and that next week’s US inflation data could be a rude awakening. The Reserve Bank of Australia (RBA) left its
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European Shares May Follow Wall Street Higher On Rate Cut Optimism
European stocks may open higher on Tuesday after U.S. markets notched third consecutive day of gains overnight on the back of better-than-expected corporate earnings and rate-cut optimism. Asian stocks traded mostly higher as investors cheered robust tourism data from China for the Labour Day holida
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Sensex, Nifty To Follow Global Peers Higher After Weak US Data
Indian shares look set to open higher on Monday amid improved global sentiment as weak U.S. data raised hopes that the Federal Reserve could start cutting interest rates soon. Kotak Mahindra Bank shares could be in focus after the private sector bank reported an 18 percent increase in Q4 net profit
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FOMC statement: Not bringing in any major surprise
S&P 500 withstood strong ADP employment change, overlooking soft landing incompatibility and focusing on the no stagflation angle as that was what helped sink stocks Tuesday (ignore crude oil inventories). Both manufacturing PMI and JOLTS supported soft landing, yet stocks didn‘t rally before FO
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Brent crude Oil hits seven-week low
Brent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production. According to the Department of Energy, inventories rose by 7.30 million
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Powell speech: No obvious connection between easing in financial conditions and inflation
Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference. Key quotes "Our decisions depend on incoming data." "We think policy is well positioned to ad
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