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Gold Price Advances Further As Expectations Over Federal Reserve Rate Cut Bets Deepen

Gold Price Advances Further As Expectations Over Federal Reserve Rate Cut Bets Deepen

 Image Source: Unsplash   Gold price rises sharply above $2,050 as the Fed’s rate cut expectations remain in the spotlight. The US Dollar Index was battered by rate cut bets and downwardly revised US Q3 GDP data. Investors await core PCE price index and Durable Goods Orders data for further action. Gold price (XAU/USD) climbs swiftly […]
USD/CAD Outlook: Dollar Near 4-Month Low Ahead Of Inflation

USD/CAD Outlook: Dollar Near 4-Month Low Ahead Of Inflation

A bearish tone set in for the USD/CAD outlook as Friday unfolded. The dollar, perched near a four-month low, held its breath ahead of a game-changing US inflation measure. The core PCE report will provide valuable insights into the Fed’s considerations for potential interest rate cuts in the upcoming year.Notably, the US core personal consumption […]
Sentiment Giddy, Caution Warranted

Sentiment Giddy, Caution Warranted

September-quarter buybacks by S&P 500 companies were decent, but the four-quarter total is on a decelerating trend. These companies will probably get an opportunity to buy their shares at a cheaper price next quarter. Investor sentiment is too complacent and smells of herd mentality. The S&P 500 Large Cap Index declined 3.6 percent in the […]
Chinese Are Embracing Gold As A Safe-Haven Investment: Will Europeans Soon Follow?

Chinese Are Embracing Gold As A Safe-Haven Investment: Will Europeans Soon Follow?

Image Source: Pixabay  In an article from Reuters, Casey Hall and Amy Lv take a look back at the physical gold rush currently taking place in China, which is increasingly involving young people.The rejuvenation of gold buyers in China is explained by the slowdown in the property market, the weakness of equities and the currency, as well as low […]
Top Crypto Performers Of 2023: Solana, Avalanche, And Helium

Top Crypto Performers Of 2023: Solana, Avalanche, And Helium

The cryptocurrency market recorded a significant performance in 2023, and altcoins such as Solana, Avalanche, and Helium stole the show as they brought unique tales to the digital assets world. Solana’s remarkable revivalSolana joined the top performers of 2023 with its remarkable 700% uptick since October, which has seen the asset attracting investor attention and various integrations. The project recovered from last […]
Investors Feeling Good Into Heart Of Holidays

Investors Feeling Good Into Heart Of Holidays

Image Source: Pixabay  Investors are getting everything they could want for Christmas. It’s the perfect Goldilocks economy. US economic data has been solid overall, though not too strong to support higher rates, all while inflation has cooled off.Video Length: 00:01:24More By This Author:Trading Activity To Thin Out Into Year End Plenty Of First Tier Data On […]
Crude Oil Forecast: Markets Show Hesitation

Crude Oil Forecast: Markets Show Hesitation

The crude oil markets exhibited significant volatility in early Thursday trading, with market participants adjusting their positions ahead of the holiday season.  WTI Crude OilThe West Texas Crude Oil market experienced considerable fluctuations during Thursday’s trading session as traders continued to navigate their positions in anticipation of the holidays. We recently tested the $75 level but have […]
79% Of India’s GDP Is Generated By Family-Owned Businesses

79% Of India’s GDP Is Generated By Family-Owned Businesses

Image Source: UnsplashIn many ways, the engine of global economic growth is hidden in plain sight.Family-owned businesses, which make up 90% of global enterprises, have driven job creation and entrepreneurship over history. While the majority of these are mom-and-pop shops, some of the world’s largest companies, from Walmart to Ford, are family-run.This graphic, via Visual Capitalist’s Dorothy Neufeld, shows the […]
A Tale Of Two GDPs: US And UK Announce Very Different Growth Figures

A Tale Of Two GDPs: US And UK Announce Very Different Growth Figures

Image Source: Pixabay Last night, the United States revealed its Q3 GDP growth figures for 2023. This morning, the United Kingdom likewise revealed its latest 2023 GDP figures. The numbers showed two very different economies: one growing, one shrinking. The festive season tends to be an emotional one for many – and that includes the markets. […]
EUR/GBP Loses Ground Near 0.8660 Following UK GDP Data

EUR/GBP Loses Ground Near 0.8660 Following UK GDP Data

Image Source: Pixabay EUR/GBP attracts some sellers around 0.8660 after the UK growth numbers data.  UK Q3 final GDP came in worse than expected, shrinking 0.1% QoQ versus 0% prior. ECB’s Guindos said it’s premature to start easing monetary policy; November’s German PPI came in worse than expected. The EUR/GBP cross snaps the two-day winning streak during the […]