Gold prices surged to new record highs on Monday as a weakening dollar and mounting expectations for a large interest rate cut by the U.S. Federal Reserve drove market demand. -vtmarkets.com
The dollar weakened further on Monday, reaching 139.58 yen as investors grew increasingly confident that the Federal Reserve might implement a larger-than-expected rate cut later this week. This recent dip marks a continuation of the dollar’s retreat from 140.285 yen, …
Oil prices rise for the third straight session, supported by supply concerns from Hurricane Francine in the Gulf of Mexico. However, demand worries persist, especially from China. -vtmarkets.com
US stock indices remained firm, indicating that the positive momentum from Thursday’s session could continue. Wall Street has been riding a wave of optimism, with the S&P 500 (Symbol: SP500) gaining 0.75%, the Dow Jones (Symbol: DJ30) rising 0.58%, and …
The Indian rupee looks likely to gain momentum after media reports, including those from the Financial Times and Wall Street Journal, indicated that next week’s Federal Reserve decision might involve a larger-than-expected rate cut. -vtmarkets.com
Trader sentiment has shifted amid media reports and new economic data, hinting that the Federal Reserve might lean toward a more aggressive interest rate cut. Market participants, guided by the CME FedWatch tool, have increased their expectations for a 50-basis-point …
Gold prices rise as traders await key U.S. economic data to gauge the Federal Reserve’s next rate cut decision. Markets expect a 25-basis-point cut. -vtmarkets.com
The dollar fueled by smaller Fed rate cut bets following U.S. inflation data. Markets now expect a 25-bps cut, while political factors create added uncertainty for the greenback. -vtmarkets.com
Oil prices remained relatively flat on Thursday, as signs of weakening demand across key economies outweighed the potential supply disruptions caused by U.S. hurricanes. While such storms usually prompt concerns over reduced oil output, the market is seeing conflicting signals, …
The Australian and New Zealand dollars saw a lift on Thursday, as a rebound in global stock markets and the anticipation of a European Central Bank (ECB) rate cut helped stabilise risk sentiment. -vtmarkets.com
