Bullion has maintained its strong position since the week opened and during the daily trading session with low volume due to the US market being closed for the Thanksgiving holiday. At 8:20 AM, the gold price was at $4,169, up 0.24% since it opened early Friday trading in the Asian session. The market is currently assessing the release of several important US economic data […]
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Wall Street stocks recorded gains, supported by economic data that strengthened expectations for the Federal Reserve (Fed) to cut interest rates in December. All three major US indices closed in positive territory, with the Dow Jones leading the market. However, the decline in artificial intelligence (AI) leader Nvidia shares limited the rise of the Nasdaq Composite index. Nvidia shares […]
US stocks closed higher following increased expectations that the Federal Reserve (Fed) will cut the target fund rate in December. This rise was also supported by the strength of the ‘Magnificent Seven’ stocks, which drove the Nasdaq index to a record high. This situation helped investors reduce concerns about high valuations in the technology sector. The Dow Jones index rose 0.44% […]
The US dollar has remained steady since last week as investors assess dovish statements from Fed officials that have raised expectations for a rate cut in December, which should have limited the currency's gains. At 9:50 AM, the US Dollar Index (DXY) stood at 100.149 points, down 0.04% since it opened early Tuesday trading […]
The United States economy is expected to grow stronger in 2026 compared to the previous year, but job growth remains slow, according to the year-end NABE survey. Economists predict growth to increase to 2%, supported by higher consumer spending and business investment. Nevertheless, the new import tariffs by the Trump administration are expected to be a major obstacle, with almost all respondents considering it […]
Federal Reserve Governor Christopher Waller stated on Monday that he would support a rate cut at the December meeting, given that economic data has not changed much since the Fed's last decision. He described inflation as a diminishing issue, especially as the labor market shows significant weakness. Waller noted that the labor market remains weak with no signs of recovery […]
Bitcoin open interest shows a significant decline in line with the price contraction over the past month, a development that analysts say could be an early indication that the market is forming a bottom before starting a new upward trend. Data from CryptoQuant shows Bitcoin open interest recording the sharpest drop in 30 days, around 1.3 million BTC, with the current value […]
China's Foreign Minister, Wang Yi, described the actions of the Japanese leader openly sending signals regarding Taiwan as shocking and dangerous, and considered it a crossing of a red line that Beijing cannot tolerate. The statement is the latest episode in a series of tensions that have shaken China-Japan relations for more than two weeks. According to the official statement from the Ministry […]
The President of the United States (US), Donald Trump, announced that the full benefits of the tariffs imposed on other countries have not yet been fully realized. Trump also stated that although the US has gained hundreds of billions of dollars from the tariffs, the real benefits have not yet been achieved. Many buyers of goods and products have purchased inventory beyond their needs to avoid […]
Bitcoin has recovered above $86,000 after a significant drop last week that brought the price to its lowest level in several weeks. A moderate recovery within 24 hours, along with an approximate 1% increase in the overall crypto market, indicates a slight shift in sentiment following recent massive sell-offs and widespread liquidity. Other major altcoins such as Ethereum, Ripple, Solana, and Dogecoin […]