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EUR/USD Extends Its Recovery Above 1.0800 Amid Fed September Rate Cut Signal

EUR/USD Extends Its Recovery Above 1.0800 Amid Fed September Rate Cut Signal

Image Source: Pixabay EUR/USD trades in positive territory for the second consecutive day around 1.0835 in Thursday’s early Asian session. Fed left interest rate unchanged on Wednesday, but Chair Jerome Powell signalled that the Fed’s September meeting could lead to cuts. Eurozone inflation edges up to 2.6% YoY in July.  The EUR/USD pair rebounds to nearly 1.0835 during […]
Silver Price Forecast: XAG/USD Holds Position Near $29.00 With A Positive Bias

Silver Price Forecast: XAG/USD Holds Position Near $29.00 With A Positive Bias

Image Source: Pixabay Silver price could advance further due to dovish sentiment surrounding the Fed’s policy outlook. The safe-haven Silver received support from the escalated geopolitical tensions in the Middle East. Iranian Supreme Leader Ali Khamenei has called for a direct retaliation against Israel following the assassination of Hamas leader. Silver price retraces its recent gains, trading around […]
Metal Markets Report For Wednesday, July 31

Metal Markets Report For Wednesday, July 31

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:50More By This Author:SPDR ETF Report For Wednesday, July 31Financial Markets Report For Wednesday, July 31Metal Markets Report For Tuesday, July 30
Grayscale Ethereum ETF suffers nearly $2 billion outflow since debut

Grayscale Ethereum ETF suffers nearly $2 billion outflow since debut

Key Takeaways Grayscale’s Ethereum ETF lost nearly $2 billion in outflows since its ETF conversion. Ethereum Mini Trust’s lower fees have attracted over $200 million in inflows. Investors have yanked almost $2 billion from Grayscale’s Ethereum exchange-traded fund (ETF) since it was converted from a trust, data from Farside Investors reveals. The fund, operating under […]
What If The Fed Doesn’t Cut?

What If The Fed Doesn’t Cut?

Image Source: PexelsIt’s widely expected that the Fed will cut its target interest rate in September. Nonetheless, Fed Chair Powell insists that the decision will be data-dependent. Suppose the Fed decides not to cut interest rates in September—what will that imply about growth prospects for the fourth quarter of 2024? Should that lead us to revise […]
Breaking Down The Q2 Earnings Season Scorecard

Breaking Down The Q2 Earnings Season Scorecard

Image Source: Unsplash For the 285 S&P 500 companies that have reported Q2 results, or 54.3% of the index’s total membership, total earnings are up +9.8% from the same period last year on +4.8% higher revenues, with 80.7% beating EPS estimates and 59.6% beating revenue estimates. Except for the revenue beats percentage, which at 59.6% is […]
GDP Per Capita

GDP Per Capita

Image source: PixabayAre you better off than you were 4 years ago?Figure 1: GDP per capita (blue), lagged 4 years (orange), in 2017$, SAAR. Source: BEA via FRED.Yes, by 18.6% in output terms. What about cumulative change from beginning of administration?Figure 2: Log GDP per capita  since 2021Q1 (blue), since 2017Q1 (orange), in 2017$, SAAR. Source: BEA via […]