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Bullion Within a Whisker of a Fresh All-Time High
2024-08-28
Gold retreated from its $2,500 high on Monday but remained strong, bolstered by hopes of a Fed rate cut at the next meeting.
Euro Near Yearly High as Dollar Weakens
2024-08-28
The euro held steady on Friday, near its highest this year. The Fed is expected to ease aggressively, possibly with a half-point cut in September.
Oil Prices Rise but Demand Concerns Linger
2024-08-28
Oil prices rose on Thursday, recovering some losses amid hopes for Fed rate cuts, though concerns over slow global demand capped gains.
US CPI Jul - Inflation Slows to 3%
2024-08-28
After three years of rising prices, Americans got good news as the June CPI eased to 3% thanks to falling gas and car prices.
Wall St Touches Near Two-Week High
2024-08-28
US indexes closed higher Tuesday, hitting a near two-week high after softer producer price data boosted expectations of a Fed rate cut in September.
Mounting Geopolitical Tensions Support Gold
2024-08-28
Gold retreated from early August highs on Tuesday, but inflows may keep it strong ahead of US inflation data. Recent volatility has shocked markets.
Australian Stocks Could Cool Soon
2024-08-23
The ASX 200 rose 5.8% this year, underperforming major markets as China’s weak demand for raw materials impacts a key revenue source for Australia.
Loonie digests strong gains on domestic job losses
2024-08-12
On Monday, the Loonie held steady as economists deemed the US jobs data reaction overblown, influenced by immigration and Hurricane Beryl.
Gold steadied above 2,400 on hedging demand
2024-08-09
Gold prices fell on Friday after a 1% rise, driven by safe-haven demand and expectations of a significant Fed rate cut in September.
Aussie Weakened by Negative Global Outlook
2024-08-09
The RBA kept rates steady and reiterated flexibility on inflation control, leading markets to lower expectations for a November rate cut.
Crude Oil Prices Rise for Third Day
2024-08-09
Oil prices increased for the third consecutive day after US crude stockpiles dropped significantly, rebounding from multi-month lows.
Fast money fails to pull lira out of a death spiral
2024-08-07
The Turkish Lira reached a record low this week, despite a weak dollar from a poor jobs report. It's down 13.8% this year, with no end in sight.
Yen rally halts when stocks make a spectacular comeback
2024-08-06
Japanese stocks surged at Tuesday's open, boosting Asian markets and triggering circuit breakers, after central bank reassurances calmed investors.
AI Reckoning May Have Begun
2024-08-06
The Nasdaq 100 entered correction territory on Friday, losing over $2 trillion in value in three weeks as traders unwound long-profitable bets.
Japanese Stocks Suffer Worst Day Since 1987
2024-08-06
Asian stocks plunged Monday, with the Nikkei 225 dropping 12.4%, its worst daily loss since 1987, and entering a bear market.
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