US economic growth for last quarter is revised up to a solid 3% annual rate The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment. The Commerce Department had previously estimated that the nation’s […]

Gold Slips 1.1% Amid Stronger Dollar; All Eyes on Upcoming Inflation Data Gold prices fell by as much as 1.1% to $2,498.36 an ounce as a stronger dollar prompted investors to book profits after recent gains. The rise in the dollar, driven by speculation of month-end portfolio rebalancing, made gold more expensive for non-U.S. buyers. […]

Oil Rises After Israeli Strikes and Call to Halt Libyan Exports Oil advanced after an Israeli strike on Hezbollah targets in southern Lebanon raised tensions in the Middle East and Libya’s eastern government said it will halt exports. Global benchmark Brent traded near $81 a barrel, while West Texas Intermediate climbed past $76. Israel sent […]

US Dollar Drops as Markets Await Powell’s Speech at Jackson Hole The US dollar declined against major currencies early Friday as market focus shifts to Federal Reserve Chairman Jerome Powell’s upcoming keynote address at the Jackson Hole Symposium. Historically, this event has been a platform for signaling potential shifts in monetary policy. With recent soft […]

US Dollar Mixed as Markets Await Economic Data and Jackson Hole Symposium The US dollar showed mixed performance against major currencies early Thursday, rising against the euro and yen while falling against the pound and Canadian dollar. This comes ahead of a busy day of economic data releases and the start of the Federal Reserve’s […]

Fed Minutes to Reveal Debate Over July Rate Cut; U.S. Oil Export Growth Slows Fed minutes to show depth of debate over a July rate cut While the focus is now on September for the start of Federal Reserve interest rate cuts, at least some U.S. central bankers were keen to get the debate about […]

Sterling Hits One-Month High Against Weaker Dollar as Markets Eye Jackson Hole Sterling reached a one-month high against a weakening dollar on Tuesday, remaining flat against the yen. Investors are looking ahead to business activity figures on Thursday and Bank of England Governor Andrew Bailey’s comments at the Jackson Hole meeting on Friday. Improvement in […]

Markets Steady as Yen Drops, Dollar Sluggish Amid Calm Trading Session Today was a much calmer session in the markets, following last week’s hectic activity. With little on the economic calendar until Thursday, market sentiment seems to have entered a lull. The Japanese yen, however, continued to see significant movement. USD/JPY dropped to 146.10 during […]

US Stocks Poised for Best Week on Strong Economic Data and Fed Rate Cut Hopes US stocks are on track for their strongest week, bolstered by data showing the resilience of the American economy. Positive readings on inflation, jobless claims, and retail sales have fueled investor optimism for a “Goldilocks” scenario—moderate inflation with strong growth—as […]

US Futures and European Stocks Edge Higher on Fed Rate Cut Hopes, Cisco and Bavarian Nordic Soar US equity futures and European stocks made slight gains as traders anticipated more economic data that could support Federal Reserve interest-rate cuts. The S&P 500 is poised for a positive open after five consecutive days of gains, driven […]