Gold Price Analysis: Eying $2,600 Amid Probable 50-bps Cut
News outlets reported that a 50 basis point Fed rate cut next week was very difficult. Gold traders cheered the likelihood of an easing of aggressive policy. The probability of…
News outlets reported that a 50 basis point Fed rate cut next week was very difficult. Gold traders cheered the likelihood of an easing of aggressive policy. The probability of…
Former Fed official Bill Dudley said there was a strong case for a 50 bps rate cut. The probability of a 50 bps rate cut rose from 28% to 45%.…
Investors expect the European Central Bank to cut borrowing costs by 25 basis points. The dollar remained steady after the US consumer inflation report. The CPI report suggested a slow…
The US consumer inflation report showed a 0.3% jump in core inflation in August. The probability of a 50 bps rate cut fell to 15%. The UK economy stagnated in…
The BoJ will continue to raise interest rates if inflation comes in as expected. Economists predict at least one rate hike before the end of the year. Investors are gearing…
Tuesday's presidential debate weighed on the dollar as Kamala Harris came out stronger. Analysts expect a cooler price pressure in the US of 2.6% on an annual basis. The Canadian…
The AUD/USD pair fell to new lows since Friday. The probability of a 50 basis point Fed rate cut in September has dropped from around 50% to 30%. Business conditions…
UK jobless claims fell sharply from 102,300 to 23,700. After the non-farm payrolls report, the likelihood of a 50 basis point Fed rate cut in September fell. Economists are forecasting…
The USD/PI pair hit new lows on Friday after a mixed US jobs report. The U.S. nonfarm payrolls report showed slower job growth in August. Japan's GDP rose 2.9% compared…
The Canadian dollar fell to a two-week low on Friday. Canada's unemployment rate jumped from 6.4% to 6.5%, increasing the chances of the Bank of Canada making further rate cuts.…