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EUR/USD steadies as Fed rate cut bets firm amidst US labor market concerns
EUR/USD is up 0.18% weekly as markets fully price a September 25-bps Fed cut.Weak sentiment, payrolls revision and rising jobless claims signal US labor market deterioration ahead of FOMC.ECB holds rates with a data-dependent stance as US policy uncertainty and the Fed independence saga fuel volatil
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XAU/USD outlook: Gold extends rally into uncharted zone
XAU/USD Gold rose to new record high ($3659) in early Tuesday’s trading, after strong acceleration on Monday (up 1.5%) which resulted in break and close above psychological $3600 barrier. The latest economic data from the US showed that labor market continues to weaken (weakness further accelerated
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Rooibos Tea: A Smooth, Caffeine-Free Herbal Tea from Africa
Discover Rooibos tea benefits, native to South Africa, is a delicious organic herbal tea that’s naturally caffeine-free. Known for its smooth, nutty flavor with hints of vanilla and floral notes, Rooibos is a perfect healthy tea alternative for those avoiding caffeine. Its mild taste and lack of bit
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USD Index outlook: Bulls regained traction and eye key barriers
The dollar index firmed on Wednesday and hit week’s high, showing resilience to the latest political turmoil in the US central bank after President Trump decided to fire Governor Cook. Fresh gains retested falling 100DMA ($98.60), with firm break here and nearby lower top at $98.71 (Aug 22) needed t
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Markets rally as Powell hints at September rate cut
Markets Fed Chair Powell ignited a bond and stock market rally last Friday by saying in his key Jackson Hole speech that downside risks to employment are rising. “With policy in restrictive territory, the baseline outlook and the shifting balance may warrant adjusting our policy stance.” The Fed cha
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EUR/GBP holds positive ground near 0.8650, investors await UK GDP data
EUR/GBP remains firm around 0.8650 in Wednesday’s early European session. EU ZEW Economic Sentiment plunges in August, which might cap the EUR’s upside. Investors pare bets on BoE rate cut after UK jobs data. The EUR/GBP cross trades on a stronger note near 0.8650 during the early European session o
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USD/JPY rises beyond 147.50 amid a broadly firmer US Dollar
The US is showing a moderate bullish bias favoured by Speculation that Waller will be Powell's replacement as Fed Chair.Soft US employment data and hopes of Fed cuts are keeping USD longs limited so far.The BoJ's Summary of Opinions cast doubts about immediate rate hikes. The US Dollar is reverting
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XAU/USD outlook: Gold cracks key resistance zone on fresh wave of safe haven demand
XAU/USD Gold price rose on Thursday morning as new packages of increased US import tariffs took effect, adding to high global uncertainty and prompting investors into safety. Fresh rise cracked strong resistances at $3400 zone (Fibo 76.4% of $3438/$3268 / psychological /upper triangle boundary) but
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U.S. stocks rise, Gold price falls following strong earnings
U.S. equities were higher across the board in today’s session, as markets rebounded following recent economic-led volatility. Today’s rally comes as Q2 earnings season neared its conclusion, with over 80% of the companies that have released earnings outperforming expectations. McDonald’s and Spotify
