Forex News
Stock Futures Surge as Trump Gains Edge in U.S. Presidential Race
By Editorial Board
•
06/11/2024
Stock futures jump as Donald Trump edges ahead in the U.S. election. Dow, Nasdaq, and S&P 500 futures all see significant gains, with Bitcoin reaching new highs and Treasury yields climbing
Crude Oil Surges After U.S. Pushes Back on Iran Oil Target Proposal – Market Outlook
By Editorial Board
•
07/10/2024
Crude Oil prices jumped as the Biden administration declined Israel’s request to bomb Iranian oil fields. Discover the latest technical analysis, market drivers, and support/resistance levels.
Goldman Sachs Predicts Short-Term Gold Dip If Fed Implements Quarter-Point Cut
By Editorial Board
•
17/09/2024
Gold may experience a minor dip if the Federal Reserve opts for a 25-basis-point cut this week, but Goldman Sachs forecasts a subsequent rally, potentially pushing the metal to record highs.
USD Strengthens Amid Hawkish Fed Signals, EUR and GBP Under Pressure
By Editorial Board
•
28/07/2024
The U.S. dollar strengthened today following hawkish signals from the Federal Reserve, putting pressure on the euro and British pound. The EUR/USD pair fell to 1.0950, and the GBP/USD pair dropped to 1.2750 amid concerns about the economic outlook and diverging monetary policies.
USD Rallies as U.S. GDP Growth Surges in Q2 2024
By Editorial Board
•
25/07/2024
The United States’ Gross Domestic Product (GDP) grew at an annual rate of 2.8% in the second quarter, according to the US Bureau of Economic Analysis’ initial estimate released on Thursday. This growth rate follows the 1.4% expansion seen in the first quarter and surpasses market expectations, which had predicted a 2% increase.